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Archive for November 13th, 2009|Daily archive page

VN-Index closes week with third day of gains

In Vietnam Stock Market on November 13, 2009 at 9:46 am

With investors’ confidence seeming to return, the benchmark VN-Index was up for a third day in a row November 13.

The measure of 181 companies and four mutual funds listed on the Ho Chi Minh Stock Exchange rose 2.23 points, or 0.41 percent, to 548.21.

Trading volume was at around 48.5 million shares worth VND2.4 trillion (US$134.3 million) as 94 shares rose, 62 fell, and 29 remained unchanged.

The three most active stocks were Sacombank with 2.13 million shares changing hands as it gained 0.58 percent to close at VND86,000.

Eximbank, which remained unchanged, came next with 1.84 million shares, followed by the HCM City-based Tan Tao Investment Industry Corp. with 1.74 million shares. The latter closed up 2.53 percent at VND44,600.

The gainers were led by the Hanoi-based Petrolimex Gas Joint Stock Co., the HCM City-based Transforwarding Warehousing Joint Stock Corp, and Truong Thanh Furniture Corp. based in the southern Binh Duong Province. All gained by the maximum 5 percent allowed in a session.

Sugar stocks enjoyed a bullish trend as Bien Hoa Sugar Joint Stock Co. based in the southern Dong Nai Province rallied 4.66 percent to VND36,500 and Bourbon Tay Ninh Joint Stock Co. in nearby Tay Ninh Province added 2.21 percent to VND13,600.

Rubber stocks also continued to perform well. Hoa Binh Rubber Joint Stock Co., Tay Ninh Rubber Joint Stock Co., and Dong Phu Rubber Joint Stock Co. all stayed in the green after sharp gains the previous day when rubber futures in Tokyo climbed to their highest level in 13 months after gold rallied to a record for a second day, boosting speculation that demand for commodities will grow.

But Hanoi’s HNX-Index fell to 183.64 after losing 0.40 percent or 0.73 points. Nearly 22.8 million shares worth VND973 billion changed hands.

The UPCoM-Index gained 0.83 points or 1.26 percent to 66.93 as 93,615 shares were traded for VND1.04 billion.

US stocks finished near their worst levels of the day Thursday, with the Dow industrials logging their first drop in seven sessions to finish at 10,197.47, as a stronger dollar and a drop in crude oil prices took their toll on the energy sector.

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Jubilant atmosphere covers highland city

In Vietnam Culture on November 13, 2009 at 9:45 am

Pleiku City was brightened with a colorful firework in a bustling opening ceremony titled “Resounding gong and Central Highlands’ vitality” of the 2009 International Gong Festival on November 12.

Ethnic dancers in Central Highlands perform in the opening ceremony of the 2009 International Gong Festival.

On stage were images described the highlands cultural character such as gong performance, young ethnic minority people in their traditional costumes, nha rong, (a traditional stilt house of the ethnic groups of the Highlands), ruou can (Can wine- a popular wine drunk out of a jar through pipes in central highland region), imposing falls, high mountain and thick forest.

More than 3,000 people included artists and visitors together with the country’s leaders likely Ha Thi Khiet, Secretary of the Central Committee of the Party cum head of Communist Party of Vietnam Committee for Mass Mobilization; the head of the delegation and chairman of the National Assembly’s Council for Ethnic Minorities , Ksor Phuoc; Minister of Culture, Sport and Tourism Hoang Tuan Anh; representatives of the UNESCO, and local and  international organizations joined in the event.

Related article:

International Gong Festival opens in upland city

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N.Korea vows ‘merciless’ action to protect border

In World on November 13, 2009 at 9:45 am

SEOUL, Nov 13, 2009 (AFP) – North Korea vowed Friday to take “merciless” military action to protect its Yellow Sea border with South Korea and warned that Seoul would pay dearly for a naval clash this week.

“Our side reminds your side again that there exists only a demarcation line in the West Sea (Yellow Sea) set by our side, and from this moment on we will take merciless military measures to protect it,” its military said in a message to the South’s forces.

The North refuses to recognise the sea borderline set by the United Nations after the 1950-53 war and demands that it be drawn further to the south.

The new warning came just five days before US President Barack Obama visits Seoul for talks expected to focus on North Korea’s nuclear programme.

The letter, quoted by Pyongyang’s Korean Central News Agency, renewed demands for an apology for Tuesday’s clash, in which Seoul says a North Korean patrol boat was badly damaged. It called for punishment for those responsible.

“The South side will be held responsible for acts aimed at destroying national reconciliation and unity and hampering peace and unification, and it will have to pay dearly,” it said.

Seoul says the North’s boat crossed the border, ignored five warnings to turn back and then opened direct fire at a South Korean boat. It said South Korean boats returned fire and set the intruder ablaze.

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Japan Airlines plunges deep into red

In World on November 13, 2009 at 9:44 am

TOKYO, Nov 13, 2009 (AFP) – Japan Airlines (JAL) announced Friday a massive loss and sought breathing space from its creditors as Asia’s biggest carrier waits to see whether it will secure another public bailout.

This picture taken on November 6, 2009 shows a Japan Airlines passenger jet takes off from Tokyo’s Haneda airport. (AFP photo)

The airline scrapped its forecasts for the rest of the year due to uncertainty surrounding its turnaround efforts, which are expected to involve thousands of job cuts and drastic route reductions.

JAL reported a net loss of 131.2 billion yen (1.45 billion dollars) for the fiscal first half to September, against a year-earlier profit of 36.7 billion yen.

“Since the subprime crisis emerged, our business has been affected by drops in the number of business passengers as well as the emergence of the new type of influenza,” said JAL executive officer Yoshimasa Kanayama.

“The second half of the year is expected to remain severe.”

The cash-strapped carrier, which is seeking a financial lifeline from the government to keep flying, said it had applied for a debt restructuring scheme that could allow it to delay payments to creditors.

Japan Airlines president Haruka Nishimatsu hinted he could step down once the turnaround plan has been put together, apologising for the company’s troubles.

“I feel a lot of responsibility that it has come to this. But currently there are things to be done and we need to set up and put in place a restructuring plan as quickly as possible,” he told a news conference.

“Only when that has been done will I announce something” on possible management changes, he said, when asked about whether he might step down.

The carrier is seeking an injection of public funds to boost its capital as it restructures under the supervision of government-backed Enterprise Turnaround Initiative Corp. of Japan.

But the turnaround body appears unlikely to make a decision on whether to inject public funds into the company before early next year.

JAL is also set to receive an emergency loan from the state-backed Development Bank of Japan, the government said earlier this week, without disclosing the amount.

The loss-making airline is thought to urgently need about 200 billion yen in emergency financing.

JAL, the recipient of three government bailouts since 2001, has said it plans thousands of job cuts and a drastic reduction in routes, although its restructuring plan has not yet been finalised. The airline is also trying to reduce the burden of heavy pension obligations.

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Bombings kill 16 in Pakistan as spy agency hit

In World on November 13, 2009 at 9:44 am

PESHAWAR, Pakistan, Nov 13, 2009 (AFP) – A powerful suicide car bomb ripped through the Peshawar headquarters of Pakistan’s top spy agency Friday, killing at least 10 people and destroying part of the highly-fortified building.

Six policemen were killed in a similar bombing in another town in the northwest, the latest in a spate of attacks as 30,000 troops press on with their most ambitious offensive to date against homegrown Taliban militants in their mountain strongholds on the Afghan border.

Pakistani medics treat a boy wounded in a bomb blast at the the Inter Services Intelligence (ISI) building in Peshawar on November 13, 2009. (AFP photo)

The blast devastated the three-storey Inter Services Intelligence (ISI) provincial headquarters in the northwestern city of Peshawar, and at least part of the building collapsed.

Huge clouds of smoke spewed into the sky after the explosion and debris littered the ground, witnesses said.

Five bodies lay on the road after the attack, said an AFP reporter in the city on the edge of Pakistan’s lawless tribal belt which is infested with Al-Qaeda and Taliban fighters.

Peshawar and its satellite towns in the northwest have become a particular target for major attacks by suspected Taliban militants since the military offensive was launched last month.

Absar Ahmed, a 25-year-old taxi driver, said he was driving near the ISI building when he heard gunshots followed by a huge blast.

“My car was hurled on to the pavement by the force of the blast and my head banged into the windscreen. When I looked back to check on my passenger there was smoke all over,” Ahmed told AFP in hospital.

The United States has put Pakistan on the frontline of its war against Al-Qaeda and has been increasingly disturbed by deteriorating security in the country where attacks and bombings have killed about 2,500 people in 28 months.

Pakistan’s powerful and shadowy intelligence agencies have a history of supporting the Islamist groups in a bid to counter rival India, but militant attacks have turned against domestic security targets in the last two years.

“A suicide bomber struck an explosives-laden vehicle on a military check post on Artillery Road at 0645 hours (0145 GMT),” a military statement said.

“Seven military officials and three civilians were martyred and 60 others were injured,” it said.

“Ten people are dead… Up to 300 kilograms (660 pounds) of high explosives and mortars were packed into the car bomb,” North West Frontier Province police chief Malik Naveed told AFP.

A second suicide bomber rammed a car packed with explosives into a suburban police station in the garrison town of Bannu, southwest of Peshawar, killing six policemen and wounding 23 others, police said.

“Among the injured are 17 policemen, three paramilitary personnel and three suspects who were in lock-up,” police chief Iqbal Marwat told AFP.

“The police station chief was badly wounded and had received threats of a suicide attack,” he added.

The most devastating bomb attack in Pakistan in two years killed at least 118 people in a crowded Peshawar market on October 28 as militants put ordinary civilians in the crosshairs of their bloody campaign.

Friday’s bombing was the first major attack outside an ISI installation since May, when a suicide attack on a police building in the city of Lahore killed 24 people.

The government blames increasing attacks on Tehreek-e-Taliban Pakistan (TTP), which is the target of the ongoing offensive and which wants to avenge the killing of their leader Baitullah Mehsud by a US missile in August.

The latest attacks came after stiff Taliban resistance killed at least 17 Pakistani soldiers Thursday in the military’s deadliest day since launching its major offensive in South Waziristan, security officials said.

Pakistan has sent a 30,000-strong force, backed by war planes and attack helicopters, into battle in a US-endorsed mission to wipe out the chief strongholds of Tehreek-e-Taliban in the tribal district of South Waziristan.

More than 240 people have been killed in bombings and suicide attacks since offensive began on October 17.

On Tuesday, a Taliban spokesman told AFP by telephone from an undisclosed location that the militia had embarked on a guerrilla war from the mountains of South Waziristan and would continue to attack cities.

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Obama launches Asia tour in Japan

In World on November 13, 2009 at 9:43 am

TOKYO, Nov 13, 2009 (AFP) – Barack Obama set foot in Asia for the first time as US president Friday, arriving in Japan to launch a four-nation tour designed to shore up US power in a region increasingly dominated by rising giant China.

US President Barack Obama waves upon his arrival at Tokyo International Airport at Haneda on November 13, 2009. (AFP photo)

Air Force One landed in a chill Tokyo drizzle ahead of Obama’s talks with Prime Minister Yukio Hatoyama, who is vowing after ending half a century of conservative rule that Japan will be more assertive in its US alliance.

Obama leaves a clutch of domestic crises behind as he seeks to counter charges that US influence has frayed in Asia, with Washington distracted by its deep economic slump and the sapping wars in Iraq and Afghanistan.

Just over a year since capturing the White House, Obama will meet many regional leaders for the first time at the Asia Pacific Economic Cooperation (APEC) summit in Singapore.

He will also become the first US president to sit down with all 10 leaders of the Association of Southeast Asian Nations, including US foe Myanmar.

Obama will then head to China in the three-day centrepiece of his tour, with top global security issues and trade and currency differences on the agenda, and wrap up his trip in South Korea.

In Japan, where a new government took power two months ago, both sides will seek to smooth over a row on US bases and stress shared goals on climate change, the Afghanistan war and for a nuclear-weapons-free world.

Obama, travelling without his wife Michelle, was greeted by Foreign Minister Katsuya Okada and US ambassador to Tokyo John Roos, before his motorcade swept away heading for his closely guarded downtown hotel.

Hatoyama has said he may scrap an unpopular plan to build a new US military base on the southern Okinawa island, and that he will end a naval refuelling mission that has since 2001 supported the US campaign in Afghanistan.

Stressing humanitarian aid over military support, his government this week pledged five billion dollars in assistance for Afghanistan to help stabilise the war-torn country that is Obama’s biggest foreign policy challenge.

Hatoyama, despite a more assertive stance towards the superpower, has voiced admiration for Obama and stressed similarities between their Democratic parties, which both defeated conservative governments on a promise of change.

The leaders were expected to agree to joint efforts to battle climate change and the spread of nuclear weapons, including the threat posed by North Korea which has in the past test-fired missiles across the Japanese islands.

Japan’s top government spokesman Hirofumi Hirano said the summit would be “an opportunity to enhance relations in trust between our prime minister and the president. That’s our top priority.

“At the same time, we would like to reach concrete agreements. The environment and economic issues, as well as our long-term perspective for Japan-US relations will be on the agenda.”

A senior Obama administration official that the president was sensitive to the dynamics of the transition of power in Japan.

“There is plenty of experience in the US-Japan partnership with transitions in Washington, there is a lot less experience to changes in Tokyo. A historic transition has occurred in Japan and it is still underway.”

“I think the new leadership is sorting things out, the president has shown in word and deed that he is comfortable in that fact.”

The official noted that Tokyo was the first stop on Obama’s tour and that the president would stress “respect and responsibility — mutual respect between two great nations.”

World War II in the Pacific started with Japan’s 1941 attack on Pearl Harbour and ended days after the United States dropped atomic bombs on Hiroshima and Nagasaki, leading to the US post-war occupation of Japan.

As a legacy of that era, the United States still has 47,000 troops in Japan, most of them on Okinawa, where many residents oppose the US military presence.

Hatoyama has pledged to review a 2006 agreement to realign US forces in Japan, especially a plan to build a new air base in a coastal area of Okinawa.

More than 20,000 anti-base activists protested on the island last Sunday, and a fresh anti-US rally was expected Friday in Tokyo, where some 16,000 police were deployed to ensure security during Obama’s visit.

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Spy row, golf game fuel Thai-Cambodia row

In World on November 13, 2009 at 9:42 am

SIEM REAP, Cambodia, Nov 13, 2009 (AFP) – Cambodian police said Friday they had charged a Thai man with spying on fugitive ex-premier Thaksin Shinawatra, further inflaming a diplomatic crisis between the neighbouring countries.

The spy row blew up as Thaksin played a relaxed round of golf with Cambodian Prime Minister Hun Sen, underscoring Bangkok’s powerlessness to make Phnom Penh extradite the billionaire and get him to serve a jail term for graft.

Cambodian soldiers in armoured vehicles are received by a welcome ceremony in Siem Reap province on November 13, 2009, as they withdraw from the Preah Vihear temple near the Cambodian-Thai border. (AFP photo)

Siwarak Chothipong, 31, who works for the Cambodia Air Traffic Service, was arrested and charged Thursday with supplying Thailand with details of Thaksin’s flight schedule, said Cambodian national police spokesman Kirt Chantharith.

“We sent him to the court yesterday and he was charged with releasing information related to the national security of Cambodia,” Kirt Chantharith told AFP.

“He tried to search for information related to the special flight of Thaksin in order to send it out of the country,” Kirt Chantharith added, later specifying that the information was sent to Thailand.

Police were investigating whether more people were involved, he added.

Thailand rejected the “malicious” allegations against its citizen.

“It’s not true. It is a malicious and false claim,” Foreign Minister Kasit Piromya told reporters before boarding a flight with Prime Minister Abhisit Vejjajiva to a regional summit in Singapore.

“Thaksin feels he must destroy Thailand and collaborate with Hun Sen.”

Cambodia expelled a top Thai diplomat and Thailand reciprocated on Thursday in a sign of the growing tensions caused by the Cambodian government’s appointment of Thaksin earlier this month as an economic adviser.

Thaksin, who was ousted in a 2006 coup, arrived in Cambodia on Tuesday to take up the role and Hun Sen on Wednesday rejected Bangkok’s formal extradition request for Thaksin.

The countries had already recalled their ambassadors last week.

Thaksin Friday met a group of supporters before playing golf with Hun Sen in the tourist hub of Siem Reap. Hun Sen and Cambodian officials laughed and applauded Thaksin’s shot as he teed off first at the luxury Angkor Golf Resort.

He was later due to meet around 50 MPs from Thailand’s main pro-Thaksin party, Puea Thai, who had crossed the border Friday, Puea Thai lawmaker Pongpan Sunthornrachai said.

Telecommunications mogul Thaksin hit out at the Thai government during a lecture in the capital Phnom Penh on Thursday, accusing Thai rulers of “false patriotism”.

Thaksin has pledged to help impoverished Cambodia understand finance, reduce poverty and lure more foreign investment. Cambodian officials have indicated he would leave the country Friday or Saturday and was not intending to live there.

Abhisit on Thursday ordered a review of two road construction projects with Cambodia that involved loans of more than 1.4 billion baht (42 million dollars) to Phnom Penh, the finance ministry said.

Thailand has already put all talks and cooperation programmes with Cambodia on hold and also tore up an oil and gas exploration deal signed during Thaksin’s time in power.

Tensions were already high between the two countries following a series of clashes over disputed territory near an ancient temple and the row threatens to mar a weekend summit of regional leaders with US President Barack Obama.

Twice-elected Thaksin fled Thailand in August 2008, a month before a court sentenced him to two years in jail in a conflict of interest case. He had returned to Thailand just months earlier for the first time since the coup.

But he has retained enormous influence in Thai politics by stirring up protests against the current government, and analysts said that in Hun Sen he had found a new way to push for a return to power.

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APEC warns of pitfalls on path to global recovery

In World on November 13, 2009 at 9:42 am

SINGAPORE, Nov 13, 2009 (AFP) – The global recovery faces serious pitfalls including mass unemployment in rich nations, asset bubbles, and a lurch towards protectionism, the World Bank chief and Asia-Pacific leaders warned Friday.

World Bank head Robert Zoellick said the spectre of inflation, and doubts over when massive government stimulus packages can be safely unwound, were other real threats.

World Bank President Robert Zoellick (R) gestures as he speaks about the global financial crisis as Victor Fung, Chairman International Chamber of Commerce and Group Chairman, Li and Fung, looks at his notes at the CEO summit at the APEC summit in Singapore on November 13, 2009. (AFP photo)

“The reason I am flagging this issue is that we are in the stage of recovery where confidence is very important,” he said at a business forum ahead of a weekend summit of the Asia-Pacific Economic Cooperation (APEC) group.

“If you have asset bubbles that are not properly dealt with, you could again undermine confidence in 2010, which is the year I am more concerned about.”

Ministers from the 21-member APEC grouping, meeting in Singapore this week ahead of the summit, issued calls to resist protectionism for fear that new trade barriers could trigger a return to recession.

Russian President Dmitry Medvedev, who will attend the Singapore summit along with US President Barack Obama and China’s Hu Jintao, urged APEC nations to limit state help for struggling firms.

“Excessive protectionist barriers that create hothouse conditions for unprofitable businesses run counter to the principles of free competition and ultimately do more harm than good to a country’s development,” he said in an article published by the Singapore Straits Times.

Malaysian premier Najib Razak said the summit was “a wonderful opportunity for us to make a very strong political statement that we will fight protectionism… that we want the Doha round to be completed”.

“That, I think, is imperative for us to recover,” he said at the business forum, referring to the World Trade Organization’s stalled drive to tear down barriers to commerce.

Hong Kong chief executive Donald Tsang said that in light of the downturn, “now at least, everyone has a better experience of how much prosperity suffers when trade suffers”.

In a sobering assessment of the fragile status of the recovery, Zoellick said that persistently high unemployment, particularly in developed nations, would create “second-wave” effects for banks just as they return to profit.

The US consumer, who has been the saviour in previous downturns, can no longer be relied upon to drag the global economy out of the doldrums by returning to enthusiastic spending, he said.

So the onus was shifting to developing countries such as Indonesia, the Philippines and Thailand, which he said were now able to “actually borrow more if they have access to financing” rather than to save and rely only on exports.

Zoellick also warned of signs that crisis-hit countries were attempting to shore up their economies by reverting to protectionism.

“By and large it’s a low-grade fever, it’s not a full influenza,” he said.

“But if you’ve got large-scale unemployment one has to be careful, because political leaders are going to be under pressure to do something and unfortunately one of the things they often are tempted to do is to raise barriers.”

APEC ministers have this week also called for massive government stimulus packages to be scaled back carefully, and not withdrawn before private-sector demand is strong enough to drive economic engines.

“If you look at the US stimulus programme and many of the stimulus packages, a lot of the money actually comes late in 2009, the start of 2010,” Zoellick said.

“The question mark for everybody is whether the private sector will kick in by the middle of 2010 and that’s part of an issue of confidence.”

The World Bank chief said that a little-mentioned risk was the spectre of inflation, after Asia-Pacific central banks moved to “open the tap of liquidity” in the face of the crisis.

“This will be a challenge for the central banks in this region because traditionally their monetary policy has followed the Federal Reserve,” he said.

The Fed has kept US interest rates ultra-low to foster recovery, but many Asia-Pacific countries are now rebounding fast and Australia has already hiked borrowing costs to forestall inflation.

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Bahrain aims for World Cup spot against N. Zealand

In Vietnam Sports on November 13, 2009 at 9:41 am

WELLINGTON, Nov 13, 2009 (AFP) – Footballing minnows Bahrain are bidding to become the smallest nation ever to qualify for the World Cup when they take on New Zealand in a make-or-break qualifier Saturday.

Bahrain’s national squad

The island state fell at the final hurdle on the way to the 2006 World Cup and are desperate to avoid a repeat.

After a scoreless first leg draw in Manama last month, things are evenly poised with New Zealand, who will also be keen to bag a spot at football’s premier event for the first time since 1982.

Bahrain almost made the grade in 2005 when the wealthy Middle East kingdom of 725,000 people drew against Trinidad and Tobago in the away leg of its final qualifier but then lost the decider 1-0 in front of a shocked home crowd.

“We have some players who remember this game and of course they are sad and disappointed because the first game brought a draw in (Trinidad and) Tobago and afterwards they lost everything at home in front of their supporters,” Bahrain coach Milan Macala told a press conference in Wellington Friday.

Now at the same stage of the qualifiers, Bahrain has the opportunity to consign 2005’s disappointment to history.

Macala said even for those players who did not play four years ago, the loss would serve as motivation in the current campaign.

The coach said he was disappointed his team, which finished fifth in the Asian qualifying zone, did not win the first leg after dominating much of the 90 minutes against the Oceania champions.

“I think we were the better team, but here maybe the situation will be a little different.”

Bahrain is 22 places above New Zealand in the world rankings at 61, but Macala was dismissive of their importance, saying he respected the spirit of New Zealand and their strike power up front.

New Zealand needs to win, with a scoring draw as good as a win for their opponents because away goals count for more than those scored at home.

A scoreless draw will see the match go into extra time and — if needed — a penalty shootout.

New Zealand coach Ricki Herbert says the All Whites know they need to take a positive approach if they are to make their first World Cup finals appearance for 28 years.

“We will be absolutely on the front foot from the whistle,” Herbert told journalists.

Herbert and his team are in an unaccustomed spotlight in rugby-mad New Zealand as football for once takes centre stage.

Wellington’s stadium — known as the Cake Tin — has been sold out for weeks and the All Whites will have the noisy support of 35,500 fans, the biggest ever football crowd in New Zealand.

“It’s going to be a great place to be on Saturday,” Herbert said.

But he also knows it will take more than crowd support to overcome a Bahrain side he describes as technically good, with plenty of pace.

“I think they’ll keep coming and I think that’s been evident in their away fixtures and in some cases you can argue they’ve been a better team away from home,” he said.

“We’re under no illusion on what the task is going to be tomorrow night.”

For New Zealand, midfielder Simon Elliott is yet to be confirmed fit as he recovers from a hip strain.

Much will depend on strikers Shane Smeltz — the top scorer this year in Australia’s A-League, Rory Fallon of English side Portsmouth and Celtic’s Chris Killen, with teenager Chris Wood of West Bromwich Albion likely to be on the bench.

Captain Ryan Nelsen of English premiership side Blackburn Rovers will be the key figure in defence with his top flight experience.

Bahrain will be without striker Ala’a Hubail, who was injured soon after the first leg and fellow forward Hussail Ali, who is recovering from a knee injury.

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Central province to host Tanimex beach volleyball cup for 1st time

In Vietnam Sports on November 13, 2009 at 4:38 am

Tanimex duo Cam Hong-Hong Loan (the further side) play in the 2008 Tanimex Cup last November in Ho Chi Minh City. They were the champions. (Filed photo: VNExpress)

Ninh Thuan Province on the central coast will host a national-level beach volleyball tournament for the first time from November 20 to 22. By Thursday, 23 teams have confirmed participation in Tanimex Cup there.

Ho Chi Minh City-based Tanimex Company, the tournament organizer, announced here Thursday that 12 male and 11 female teams had put their names down for this year’s competition, which is also a final test for selection of the national squads competing in December’s Southeast Asian Games in Laos.

This is also the first time the annual event is held outside HCM City since its inception in 2007. The first two editions took place here, and Tanimex teams won in both the men’s and women’s competitions.

This year, the 23 teams will compete at the beach resort of Long Thuan, Phan Rang-Thap Cham City, Ninh Thuan from November 20 to 22.

The host province, in its first participation in the national event, will send one female and one male team, the organizer said.
Tanimex will send two female and two male teams. HCM City’s Tan Binh District will send three female and two male teams, as the central province of Khanh Hoa will. The other teams come from Quang Nam, Danang, Hai Phong and a military unit.

Tanimex said it would see fierce competition from other teams this time.

Vietnam Television will broadcast live the opening and closing ceremonies, the openers, semifinals and finals on the VTV3 and VTV9 channels. HCM City Television will do the same on HTV2 channel.

Vietnam’s beach volleyball teams for the SEA Games in Laos will be set up based on performance by players in the Tanimex Cup.

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