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The tragic tale of Thailand’s Tiger Temple

  Luke Hunt SPECIAL TO EMIRATES BUSINESS The use of religion to provide a prescription for social ills is not uncommon; it’s a practice that dates back to the ancient Greeks. But too often advocates of a better life from beyond the grave have been caught lying, thus abusing the public’s trust and their privileges. In Thailand, the Buddhist clergy ...

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Australia, Russia, and a rules-based order in Asia

  This year’s Shangri-La Dialogue clearly showed that Asia has not become safer over the last year and is unlikely to become any safer in the near future. Quite the contrary, the security threats at hand may well extend far into the next decades, making the Asian Century not one of economic dynamism, but of political squabbles. Just this week, ...

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GCC must cut deficits to keep currency pegs: IMF

  Bloomberg Gulf oil exporters must cut spending and narrow their budget shortfalls to keep their currencies pegged to the dollar, the International Monetary Fund said. While substantial foreign assets have allowed the countries to fix the value of their currencies to the greenback, keeping the status quo comes at a price as lower crude prices strain public finances, the ...

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