Chief Correspondent, Sydney
Michael's Feed
Aug 2, 2011

Australia uses YouTube to deter boatpeople

SYDNEY (Reuters) – Australia will film boatpeople being sent to Malaysia under a new refugee swap deal and post the video on YouTube in an effort to deter future boatpeople, the immigration department said on Tuesday.

The 54 boatpeople, intercepted last week and the first to be sent to Malaysia, will be filmed arriving at Australia’s Christmas Island detention center, boarding a plane to Malaysia and arriving in camps in Kuala Lumpur for processing.

Jul 12, 2011

Australian carbon hedging limited until climate policy law

SYDNEY (Reuters) – Australia’s government is confident parliament will pass its carbon tax scheme within months, but financial institutions and carbon traders say the risk of it again being rejected will leave firms reluctant to hedge by buying carbon offset units.

However, high carbon emitting Australian firms that also operate in the EU and New Zealand, where trading schemes already exist, may seek to purchase additional carbon emission reduction units (CERs) as they could use them offshore if the Australian scheme does not materialize, said traders.

Jul 11, 2011

Bid for Australian coal miner boosts carbon tax

SYDNEY, July 11 (Reuters) – Australian Prime Minister Julia
Gillard’s bid to sell a controversial carbon tax got a boost on
Monday after a $5 billion takeover bid for a local coal miner
cast doubt on warnings that the tariff would hurt the key mining
sector.

Gillard is the most unpopular prime minister in 13 years and
has been struggling to gain support for her carbon tax plan to
fight climate change, a policy she hopes will resurrect her
political fortunes before the next election due in 2013.

Jul 11, 2011

Australia carbon tax hits miners, airlines

SYDNEY (Reuters) – Coal miners, steel firms and airlines were sold off on Monday a day after Australia’s unpopular government introduced a carbon tax scheme, while power suppliers warned the tax could risk A$4-6 billion in assets if banks tightened financing.

But economists said the tax on the top 500 carbon polluters would have little impact on economic growth, which is riding on the back of China’s appetite for its mineral resources.

Jul 11, 2011

Australia carbon tax hits shares of miners, airlines

SYDNEY, July 11 (Reuters) – Coal miners, steel firms and
airlines were sold off on Monday a day after Australia’s
unpopular government introduced a carbon tax scheme, while power
suppliers warned the tax could risk A$4-6 billion in assets if
banks tightened financing.

But economists said the A$23 a tonne carbon tax, aimed at
encouraging the biggest polluting industries to clean up
operations, would have little impact on economic growth, riding
on the back of China’s appetite for its mineral resources. Nor
would it significantly affect inflation or interest rates.

Jul 7, 2011

Red Shirts warn new Thai government to seek justice

BANGKOK (Reuters) – Support for the red-shirt protest movement that rallied behind Thai Prime minister-elect Yingluck Shinawatra, helping her win elections by a landslide, could splinter if demands for justice over deadly protests last year are not met, its leader said.

The red shirts, whose protests paralyzed Bangkok last year and sparked a bloody military crackdown that ended with 91 people killed and nearly 2,000 wounded, want a thorough investigation into the army’s role in civilian deaths, the movement’s chairwoman told Reuters.

Jul 7, 2011

Red Shirts warn new Thai govt to seek justice

BANGKOK (Reuters) – Support for the red-shirt protest movement that rallied behind Thai Prime minister-elect Yingluck Shinawatra, helping her win elections by a landslide, could splinter if demands for justice over deadly protests last year are not met, its leader said.

The red shirts, whose protests paralysed Bangkok last year and sparked a bloody military crackdown that ended with 91 people killed and nearly 2,000 wounded, want a thorough investigation into the army’s role in civilian deaths, the movement’s chairwoman told Reuters.

Jul 6, 2011

Thai business fears wage inflation under new govt

BANGKOK, July 6 (Reuters) – Thailand’s central bank on
Wednesday expressed concern over inflation, as business leaders
fear a wage-price spiral if the newly elected government goes
ahead with billions of dollars in spending.

Prime Minister-elect Yingluck Shinawatra won a landslide
election victory on Sunday on a platform of populist policies
which include wage rises, a household debt moratorium and better
welfare and healthcare.

Jul 6, 2011

Thai PM elect looks at economy, firms fear wage inflation

BANGKOK (Reuters) – Thailand’s prime minister elect, Yingluck Shinawatra, said she would hold a strategy meeting Wednesday to review urgent action to revitalize the economy, but business leaders fear her populist wage policies will spark a surge in inflation.

Yingluck won a landslide election victory Sunday, backed by votes from the poor lured by promises such as wage rises, a household debt moratorium and better welfare and healthcare.

Jul 5, 2011

Jockeying starts for posts in new Thai government

BANGKOK (Reuters) – Jockeying for ministerial posts in Thailand’s new government began on Tuesday as Prime Minister-elect Yingluck Shinawatra seeks to deliver on billions of dollars of populist campaign promises that critics say will fuel inflation.

Yingluck, a political novice, must also pacify critics who fear a return of her divisive brother, Thaksin, after their Puea Thai Party won a landslide victory in Sunday’s election.