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Red Cross Fair’s Wholesome Fun and Charity Return to Lumpini

Princess Sirindhorn feeds a goat during an opening ceremony of 2019 Red Cross Fair on Nov. 15, 2019, at Lumpini Park in Bangkok.
Princess Sirindhorn feeds a goat during an opening ceremony of 2019 Red Cross Fair on Nov. 15, 2019, at Lumpini Park in Bangkok.

BANGKOK — Binge on street food to your heart content and shop for charity goods at the annual Red Cross Fair running through Sunday at Lumpini Park.

For the second year, Bangkokians’ favourite bazaar is spanning all over the park’s 57-hectare area. The fair sees hundreds of booths selling a wide variety of products, handicrafts, and food from all the regions of Thailand at discounted prices, and of course, for the good cause to the Thai Red Cross Society.

The ten-day fair is divided into seven zones, but to help you navigate through the crowd, we have categorized some of the highlights below:

Hungry office ladies should come straight from their desks to the food market (marked orange on the map) where Thai regional food such as roast pork from Trang, Korat’s stir-fried noodles, and Isaan sausage are on sale.

Prefer something closer to home? Straight to Bangkok City Hall’s booth (No. 3.21) where 50 vendors from all the capital’s 50 districts are showcasing their best eats.

Childhood chocolate drink becomes a craze as long queues form at Ovaltine booths around the fair. The 60 baht ice-cold sugary drink comes with Instagramable, reusable cup.

Crafts and handmade products from trendy local producers are also offered at “Hipster Thai Market,” located below the yellow zone.

Try your luck for a chance of bringing home a car at raffles or take aim for targets at the Police’s (No. 5.8) or the Navy’s (5.5) booths, where visitors can shoot airsoft and training rounds.

Festival-goers who are fit and qualified may choose to contribute more to the Red Cross by donating blood at on-site donating center (No. 1.3).

The annual fair was first held in 1922 at Sanam Luang before moving to Saranrom Palace, the Queen Saovabha Memorial Institute (Snake Farm), and then Suan Amphon from 1957 to 2016. It was moved to the present location in 2018 after the palace revoked the rights to use its venue for the fair.

“Red Cross Fair 2019” is running from Nov. 15 to 24 from 10.30am to 10pm at Lumpini Park. The venue is reachable from BTS Sala Daeng, MRT Silom, or MRT Lumphini. Admission is free.

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Gov’t Allies Warn Future Forward Against Protests

Forward Party chairman Thanathorn Juangrungruangkit speaks at a rally on Nov. 16, 2019, in Bangkok.

BANGKOK — Coalition politicians on Monday urged the opposition not to resort to any demonstration in response to a court verdict this week that would decide the fate of Future Forward Party chairman Thanathorn Juangrungruangkit.

Phalang Pracharath Party executive Puttipong Punnakan said a protest could worsen economic malaise afflicting Thailand, while a Democrat spokesman warned that criticizing the court decision might result in criminal charges.

“No one wants any inappropriate incident to happen,” Puttipong, who also serves as a digital economy minister, told reporters. “No one wants to see protest or anything that could lead to a burden on the public.”

He added, “Now that we have to fight with the slump in the global economy, we have to join hands together.”

Democrat Party spokesman Ramet Rattanachaweng said supporters of the Future Forward Party should think twice before attacking or harassing the judiciary for Wednesday’s verdict.

“Do not use methods like intimidating the Constitutional Court,” Ramet said. “No one knows what the court may decide, but whatever the result is, everyone must respect it. Otherwise, an endless cycle of unrest will follow.”

The complaint filed by the Election Commission and later taken up by the Constitutional Court accused Thanathorn of breaching voting laws by owning shares in media firms when he ran for the March 24 election.

If found guilty, Thanathorn faces up to 10 years in prison. He may also be banned from politics for a maximum of 20 years.

Thanathorn has repeatedly denied the allegations, saying he already sold those shares by the time he signed up to run for office.

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Police Hunt For Pattaya Gold Snatcher

A Russian tourist, center, reporting the crime to the police on Nov. 17, 2019.
A Russian tourist, center, reporting the crime to the police on Nov. 17, 2019.

PATTAYA — Police said Monday investigators are seeking two thieves who snatched two gold necklaces from a Russian tourist on Sunday night.

Deputy police spokesman Krissana Pattanacharoen said the Russian woman reported that her gold necklaces were stolen by the two men while she was tending to her child in a stroller on a road near Jomtien Beach. The two items were reportedly worth 75,000 baht.

The two suspects were riding a black motorcycle when they approached the victim from behind, Krissana said.

Pattaya police acting superintendent Thanapong Pothi said the police need more time to conduct an investigation, as there is no CCTV camera where the crime took place.

He believed the suspects were repeated offenders.

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Review: An Evolved Iceman? Kristoff Steps up in ‘Frozen 2’

This image released by Disney shows Elsa, voiced by Idina Menzel, from left, Anna, voiced by Kristen Bell, Kristoff, voiced by Jonathan Groff and Sven in a scene from
This image released by Disney shows Elsa, voiced by Idina Menzel, from left, Anna, voiced by Kristen Bell, Kristoff, voiced by Jonathan Groff and Sven in a scene from "Frozen 2." Image: Disney via AP

Picture this: A princess is in distress. It looks bad. Her dashing young man rides up in the nick of time and says, “Here I am to save you, my dear!” Actually, he doesn’t. He just says, “I’m here. Whaddya need?” She has a plan, and off they go.

This little exchange between Kristoff and Anna may not be the showiest in “Frozen 2,” the long-awaited sequel to that little 2013 Disney movie that won two Oscars, broke box office records and caused countless young girls (and boys) to find their inner belting voice.

But if you’re a parent looking for your young girl or boy to learn good relationship behavior, they could do well to watch Kristoff, who has now become probably the most evolved iceman this side of Arendelle or all of Scandinavia or maybe the entire European Union, pre- or post-Brexit.

Not that a man is the answer to Elsa and Anna’s problems. As in the first movie, the sisters are still doing it for themselves. And they’re wearing the pants — literally. Gowns give way to more practical attire, even a royal wetsuit.

But, folks: Kristoff has the best song, too. Sorry, Elsa! You sound great — because you’re Idina Menzel, duh. But “Lost in the Woods,” sung by the effortlessly lovable Jonathan Groff, might just be the true heir to “Let it Go,” at least in terms of its addictiveness. An angsty love ballad, performed in retro glam rock style with intentionally cheesy music video moves, a reindeer chorus and Kristoff’s blond mane blowing in the wind … what’s not to love? “You’re my only landmark, so I’m lost in the woods,” he sings. Sigh.

It’s a highlight of the film. The rest, you ask? Well, it’s got quality, and it’s got quantity (HOW many animators are listed in those closing credits?) It just doesn’t have the exciting, lightning-in-a-bottle feel that the wonderful original had. Perhaps that was too much to ask.

Certainly, the main characters, who have aged three years (though we humans have aged twice that — drat!) are in good voice, led by Menzel’s majestic Elsa and Kristen Bell’s spunky Anna. Olaf the snowman (Josh Gad) is back, too, and he’s learned how to read, and he has questions. (And nerve! At one point he channels an “American Idol” judge and pronounces Elsa’s singing “a little pitchy.”)

And if it all seems less effortless, more workmanlike than the first film, with a very complex storyline that will definitely be harder to follow for younger fans, there’s plenty to like, especially the lush visuals. Directors Jennifer Lee and Chris Buck give us an animated ocean that looks incredibly real, a more mature, autumn-hued color palette, and a magical forest surrounded by a wall of mist. There are new creatures, from imposing “earth giants” to a sweet little salamander.

There’s an interesting new character played by Sterling K. Brown, a man from Elsa and Anna’s past. And there are seven new original songs by the estimable songwriting team of Kristen Anderson-Lopez and Bobby Lopez, including a fitting anthem for each main character.

We begin, of course, in Arendelle. In flashback, we see Elsa and Anna as young girls, being put to bed by their mother, Queen Iduna (Evan Rachel Wood). In her soothing lullaby, “All is Found,” there’s a message that will shape the story.

Back to present time: It’s autumn, a season we haven’t seen yet in the kingdom. Elsa has gained some control over her magic. All seems well. “Some Things Never Change,” the four main characters sing, in what amounts to a Broadway-style opening number.

Except it’s wishful thinking. Elsa suddenly hears a voice calling from afar — a voice only she can hear, making her feel deeply unsettled. She decides she needs to voyage far “Into the Unknown” — that’s the new anthem she belts out — to see who’s calling her, and why.

Anna insists on going along — they’re in all this together, she reminds Elsa (she has to do this a number of times — it’s the only conflict they still have). And so, accompanied by Kristoff, his reindeer buddy Sven, and Olaf, they head off toward the enchanted forests, unsure of what they’ll find. Meanwhile, Arendelle is in great danger; Elsa has awoken some powerful spirits.

It’s best not to give too much detail about what the band of voyagers will find in that mist-surrounded forest. Suffice it to say that they encounter clues from the past, about wrongs that must be righted if they, and Arendelle, are to have a future.

The voyage has its lighter moments. Olaf gets into his usual jams, and sings about getting older (the song is not, sadly, a substitute for the wonderful “In Summer” of the last film). Kristoff keeps trying to propose to Anna, but saying the wrong thing, and she keeps slipping from his grip. At one point she apologizes, and he replies: “That’s OK. My love is not fragile.”

Keep on modeling that enlightened boyfriend stuff, Kristoff. Our love for you is not fragile, either.

“Frozen 2,” a Walt Disney Studios release, has been rated PG by the Motion Picture Association of America “for action/peril and some thematic elements.” Running time: 103 minutes. Two and a half stars out of four.

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MPPA definition of PG: Parental guidance suggested.

Story: Jocelyn Noveck

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Pope’s Asian Agenda: Disarmament, Martyrs, Family Reunion

Pope Francis arrives to celebrate a Mass in St. Peter Basilica at the Vatican, Sunday, Nov. 17, 2019. Photo: Alessandra Tarantino / AP
Pope Francis arrives to celebrate a Mass in St. Peter Basilica at the Vatican, Sunday, Nov. 17, 2019. Photo: Alessandra Tarantino / AP

VATICAN CITY (AP) — Pope Francis has agendas both pastoral and personal for his trip to Asia, where he’ll appeal for global nuclear disarmament at the sites of the atomic bomb and minister to two tiny Catholic communities that have suffered gruesome periods of persecution.

Emphasizing the dignity of life is also on Francis’ to-do list for his trip to Thailand and Japan that begins Wednesday, given the scourge of human trafficking in Thailand and Japan’s use of capital punishment and high suicide rate.

As a young Jesuit, Francis dreamed of being a missionary in Japan, inspired by the courage of Japan’s Hidden Christians, who braved two centuries of persecution to keep their faith alive.

“In some way, this is the fulfilment of his dream,” said the Rev. Bernardo Cervellera, editor of AsiaNews, a Vatican-affiliated news service.

In Thailand, Francis will also be reunited with his second cousin, Sister Ana Rose Sivori, an Argentine nun who has lived in Thailand since 1966 and will serve as Francis’ official translator there.

Here are some highlights of Francis’ pilgrimage, his fourth to Asia and one that could also touch on the Vatican’s delicate relations with China:

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ASIAN MARTYRS AND MISSIONARIES

One of the highlights of the trip will be Francis’ prayer at the memorial of the 26 Nagasaki Martyrs, who were crucified in 1597 at the start of a two-century wave of anti-Christian persecution by Japanese rulers.

Francis’ own Jesuit order had introduced Christianity to Japan with the arrival of St. Francis Xavier on the archipelago in 1549. After converting more than a quarter-million Japanese, missionaries were banned at the start of the 17th century. Japanese Christians were forced to renounce their faith, suffer tortuous deaths or go underground.

Francis will greet some descendants of these Hidden Christians, whose story was recounted in the 2016 Martin Scorsese film “Silence.”

Francis will also honor Thailand’s World War II-era martyrs, who were victims of anti-Christian persecution by Thais who viewed Christianity as foreign and associated with French colonial powers. Francis will pray at the sanctuary for Thailand’s first martyred priest, Nicolas Bunkerd Kitbamrung, who was beatified in 2000.

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THE POPE SAYS NO NUKES

Francis has gone further than any other pope by saying that not only the use, but the mere possession of nuclear weapons is “to be firmly condemned.” Japanese bishops are hoping he goes even further and calls for a ban on nuclear power.

Francis will likely repeat his appeal for a total ban on the bomb when he visits Nagasaki and Hiroshima, meets with survivors of the 1945 bombings there as well as victims of the March 11, 2011 Fukushima nuclear plant disaster in northern Japan.

An offshore magnitude-9 earthquake triggered a tsunami that knocked out power for the cooling systems at the Fukushima nuclear plant, displacing more than 100,000 people and coating the area with radioactive waste. In response, Japanese bishops in 2016 called for the abolition of nuclear power to protect “our common home.”

“We can only hope” Francis will speak about nuclear power, given his frequent exhortation to care for the environment, said Nagoya Bishop Michael Goro Matsuura.

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MINORITY CATHOLICS AND INTERFAITH DIALOGUE

Catholics make up just .59 percent of Thailand’s population of 65 million, most of whom are Buddhist. The percentage is even lower in Japan — estimated at .42 percent of the mostly Shinto and Buddhist population of 126 million.

As a result, Francis will be stressing interfaith ties and the positive role Catholics can play in mostly Buddhist societies, “especially in the service of the poor, the needy and for peace,” he said in a video message to Thais.

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THE POPE ON LIFE AND DEATH

Francis has made the fight against human trafficking a cornerstone of his papacy, a message that is likely to resonate in Thailand, which the U.N. considers a key trafficking destination as well as a source of forced labor and sex slaves.

In Japan, hopes are high among Catholics that Francis will send a message opposing the death penalty, and perhaps meet with a former boxer and human rights activist held for nearly five decades on death row.

The Vatican confirmed that Iwao Hakamada, who converted to Catholicism while in prison, has been invited to the pope’s Mass in Tokyo, but it’s not clear if he will make it. Hakamada is awaiting a Supreme Court decision after being freed when his verdict was overturned in a lower court.

Tomoki Yanagawa, who works at the Jesuit Social Center in Tokyo, said a papal statement about the death penalty would help raise awareness in Japan.

“I hope he will speak about the preciousness of life and clearly denounce what trivializes life,” said Yanagawa.

Francis changed Catholic teaching last year by declaring the death penalty “inadmissible” in all cases. He has also denounced today’s “throwaway culture” where euthanasia, abortion and suicide are often considered acceptable — a message that could resonate in Japan, which has one of the highest suicide rates in the developed world.

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VATICAN-CHINA RELATIONS

When Francis travels from Bangkok to Tokyo next Saturday, he’ll fly through Chinese, Taiwanese and Hong Kong airspace — and will send telegrams to their leaders as part of typical papal protocol.

That could offer Francis a rare opportunity to address not only the current democracy protests in Hong Kong, but the Vatican’s delicate relations with Beijing. It would be the first such opportunity following last year’s agreement with China over Catholic bishop nominations. The pact aimed to unite China’s Catholics, who are divided between an underground church and an official one.

The agreement has been hailed as a milestone by the Vatican, but critics point to continued persecution of underground prelates, including a report last week by AsiaNews that the underground bishop of Mindong was being hounded by Chinese security agents. Monsignor Vincenzo Guo Xijn had stepped aside to allow an official bishop be named as part of the 2018 Vatican deal with China.

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Story: Nicole Winfield and Yuri Kageyama. Kageyama reported from Tokyo.

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Waste Sorting Adopted in 237 Cities Across China

Pupils take part in a garbage sorting game at Jianping Experimental Primary School in Hefei, capital of east China's Anhui Province, July 11, 2019. (Xinhua/Liu Junxi)

BEIJING (Xinhua) — A total of 237 cities at the prefectural level or above in China have adopted waste sorting schemes as the country continues to embrace the green lifestyle, authorities said.

Waste sorting has been implemented in 53.9 percent of residential communities in the 46 cities required to carry out mandatory waste sorting by a 2017 nation-wide plan, among which 14 cities have seen more than 70 percent of neighborhoods following through on the practice, according to the Ministry of Housing and Urban-Rural Development (MHURD).

Thirty cities across China have rolled out waste sorting regulations, and 16 more are mulling legislature on the matter.

The MHURD reclassified residential waste from eight categories to 11 in a revised standard for waste sorting on Friday and launched a mini-application accessible by smartphone to promote the new classification.

China pledged to establish a basic system of laws and regulations on waste sorting by the end of 2020. Starting this year, waste sorting has been promoted in all cities at the prefectural level or above after being piloted in 46 cities.

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Campus Survey Reveals Regret After Online Impulse Buying

Students of Shanghai Jiaotong University are looking for their deliveries at a self pick-up station on Nov. 13, 2019. (Xinhua/Fang Zhe)

BEIJING (Xinhua) — A survey has found that nearly 87 percent of college student respondents bought things they do not actually need online and 77.53 percent felt regret about it.

The survey was conducted by Xiaomei, a shared platform for campus media created by the China Youth Daily, on 792 students across the country.

Reflecting on the reason of such purchases, 68.77 percent said it was just impulse buying, while nearly 20 percent admitted that they bought the add-on items to meet the threshold for free shipping or bigger discounts.

About 50 percent said the unnecessary items often end up in some forgotten places, said the survey report published Monday.

Sales of Alibaba’s e-commerce platform Tmall hit 268.4 billion yuan (about 38.3 billion U.S. dollars) in the “Double 11” online shopping spree on Nov. 11.

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Hong Kong Residents Clear Barricades, Mourn Riot Victim

Image: Xinhua

HONG KONG (Xinhua) — Despite escalating violence in Hong Kong, many residents have stepped out to clear road barricades and mourn a cleaner killed by rioters in a bid to say “no” to violence.

In multiple locations of Hong Kong in recent days, people, young and old, have gathered to clear the bricks and rocks blocking roads, and carry them away with carts.

In Mong Kok, a businesswoman surnamed Fan came out on the street with her husband. “I am doing what every Hong Kong resident should do,” she said. “I do not want anybody to ‘speak’ for me. I just want to have the peaceful life back.”

Thirty-year-old Tsang was working near the Sai Wan Ho mass transit railway (MTR) station. “The rioters made our life so inconvenient,” he complained. “They are selfish and irresponsible with the unlawful and violent acts. There is nowhere in the world that people could make demand in this way!”

In Yuen Long people not only cleaned the community, but also drove away the rioters who attempted to thwart their efforts. “You are not welcome here,” someone shouted.

When rioters tried to prevent doors of the MTR train from closing at the Kam Sheung Road station, some young people scolded them: “Some one died because of your conduct” and “who will feed us if we do not go to work, as you claimed?”

Unrest in Hong Kong has entered its fifth month, during which rioters’ violent acts have posed great threat to people’s life and safety.

A senior sanitation worker died on Thursday after being hit by a brick in the head hurled by rioters. It was the first death of an innocent civilian since the now-withdrawn ordinance amendments concerning fugitives’ transfers sparked unrest.

Many people went to the site to mourn for the 70-year-old man.

“The sanitation workers clear up the mess for them every day,” said a man in his 20s, who declined to be named for fear of being targeted by the rioters. “But the black-clad thugs beat him to death in cold blood. Now that he is dead, they even speak ill of him online. That is totally inhuman.”

Mr. Lam, who is also a sanitation worker, felt sad for the dead. “Now our fellow colleagues are both sad and worried,” he said. “Hopefully our government could end this chaos soon, and may peace return to Hong Kong.”

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Hong Kong Police Storm University Held by Protesters

Police in riot gear prepare to fire as they move into the campus of Hong Kong Polytechnic University in Hong Kong, early Monday, Nov. 18, 2019. (AP Photo/Vincent Yu)

HONG KONG (AP) — Police breached a Hong Kong university campus held by protesters early Monday after an all-night siege that included firing repeated barrages of tear gas and water cannons.

Anti-government protesters have barricaded themselves inside Hong Kong Polytechnic University for days. Police surrounded the area Sunday night and began moving in after issuing an ultimatum for people to leave the area. The crowd wore raincoats and carried umbrellas to shield themselves.

Riot officers broke in one entrance before dawn as fires raged inside and outside the school, but they didn’t appear to get very far. Fiery explosions could be seen as protesters responded with gasoline bombs. Police, who have warned that everyone in the area could be charged with rioting, reportedly made a handful of arrests.

At daybreak, protesters remained in control of most of the campus. In one outdoor area, some demonstrators made gasoline bombs while others dozed while wearing gas masks. Two walked about with bows and quivers of arrows, while many stared at their smartphones.

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A policeman in riot gear detains a protester outside of Hong Kong Polytechnic University as police storm the campus in Hong Kong, early Monday, Nov. 18, 2019. (AP Photo/Kin Cheung)

A lull settled on the area as the president of the university said in a video message that that police have agreed to suspend their use of force.

Jin-Guang Teng said police would allow protesters to leave and he would accompany them to the police station to ensure their cases would be processed fairly.

“I hope that you will accept the proposed temporary suspension of force and leave the campus in a peaceful manner,” he said.

It seemed unlikely the protesters would accept the offer given that they would all likely be arrested.

A few hundred streamed out of the campus about 8:15 a.m. in an apparent bid to escape, but they were driven back by police tear gas. Some wearing gas masks calmly picked up smoking tear gas canisters and dropped them into heavy-duty bags, but the protesters decided to retreat with a phalanx of officers lined up across the road in the distance.

On Sunday, protesters used bows and arrows, and one arrow struck a media liaison officer in the calf. Photos on the department’s Facebook page show the arrow sticking out of the back of the officer’s leg through his pants.

As riot police moved in from all sides, some protesters retreated inside the university. Others set fires on bridges leading to it.

A huge blaze burned along much of a long footbridge that connects a train station to the campus over the approach to the Cross-Harbour Tunnel, a major road under Hong Kong’s harbor that has been blocked by protesters for days.

The use of bows and arrows and gasoline bombs was a sharp escalation of violence by the protesters, who are trying to keep the pressure on Hong Kong leaders, who have rejected most of their demands.

The protests started peacefully in early June, sparked by proposed legislation that would have criminal suspects to be extradited to the mainland. But by the time the bill was withdrawn, the protests had hardened and broadened into a resistance movement against the territory’s government and Beijing.

Activists see the extradition bill as an example of Hong Kong’s eroding autonomy under Beijing rule since the 1997 handover from colonial power Britain.

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Protestors hurl molotov cocktails as armored police vehicles approach their barricades on a bridge over a highway leading to the Cross Harbour Tunnel in Hong Kong, Sunday, Nov. 17, 2019. (AP Photo/Kin Cheung)

Several hundred people formed a human chain Sunday in central Hong Kong in a peaceful rally in support of the movement.

Azaze Chung, a university student, said the government should respond to the protesters’ demands, not just use force against them.

Police and protesters faced off all day outside Polytechnic after a pitched battle the previous night in which the two sides exchanged tear gas and gasoline bombs that left fires blazing in the street.

A large group of people arrived Sunday morning to try to clean up the road but were warned away by protesters. Riot police shot several volleys of tear gas at the protesters, who sheltered behind a wall of umbrellas and threw gasoline bombs into nearby bushes and trees, setting them on fire.

The protesters held their ground for most of the day, as water cannon trucks drove over bricks and nails strewn by protesters to spray them at close range — some with water dyed blue to help police identify protesters afterward.

Protesters began retreating into the university near sunset, fearing they would be trapped as police approached from other directions. The protesters barricaded the entrances to the campus and set up narrow access control points.

They are the holdouts from larger groups that occupied several major campuses for much of last week.

Another group threw bricks in the street to block a main thoroughfare in the Mongkok district, as police fired tear gas to try to disperse them. The disruption to Nathan Road traffic may have been an attempt to distract police during the standoff at Polytechnic.

Opposition lawmakers criticized the Chinese military for joining a cleanup to remove debris from streets near Hong Kong Baptist University on Saturday.

Dozens of Chinese troops, dressed in black shorts and olive drab T-shirts, ran out in loose formation and picked up paving stones, rocks and other obstacles that had cluttered the street.

The Chinese military is allowed in Hong Kong to help maintain public order, but only at the request of the Hong Kong government. The government said that it had not requested the military’s assistance, describing it as a voluntary community activity.

The Education Bureau announced that classes from kindergarten to high school would be suspended again on Monday because of safety concerns. Classes have been canceled since Thursday, after the bureau came under criticism for not doing so earlier.

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Associated Press journalist Dake Kang contributed to this report.

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CPF Reports Better-Than-Expected Q3 Earnings

Charoen Pokphand Foods PLC (CPF) reported Bt6,062 million earnings in the third quarter, an increase by 23% from the same period last year.

The earnings increased despite lower sales revenue. In the quarter, sale revenue totaled Bt132,597 million, declining 6% on quarter. Nevertheless, excluding impacts from the strengthening of Thai baht as well as the adjustment of financial reporting standards (TFRS), sale revenue would have increased by 8% on year.

Mr. Prasit Boondoungprasert, Chief Executive Officer of CPF, attributed a drop in sale revenue to the stronger baht as well as changes in TFRS. In the quarter, overseas businesses contributed 67% of total sale revenue. The rest was contributed by the operations in Thailand, 27%; and exports from Thailand, 6%. CPF maintains the strategy to further expand businesses in potential markets and targets to raise overseas sales as well as exports to 80% of total sale revenue in the next 5 years.

In the third quarter, the net profit surged 23% on year thanks mainly to a recovery in the swine industry following a glut that pressured down pork prices. The net profit was also driven by the better financial results of overseas aquaculture business as well as investment divestiture.

The African Swine Fever (ASF) outbreak in several countries leads to an expected decrease in global pork output and pork prices have consequently moved up. Such condition may last years as affected farmers may not be able to restore their businesses in a short period. Furthermore, such farmers have to invest more in an effective biosafety management system, to prevent another outbreak.

Pork prices in Vietnam have hit 57,000-60,000 dong per kg, or about Bt75-Bt78, above the third-quarter average price of 38,422 dong or Bt50 per kg. Farm pigs now fetch about 28-38 yuan per kg in China or approximately Bt121-Bt164, above the third-quarter average of 22 yuan or about Bt95.

Prasit is confident that CPF will meet financial targets in 2019, as earnings in the fourth quarter is expected to improve in line with an increase in pig prices. The annualized earnings in 2020 are also expected to further increase as a result of the strategy to add value of existing businesses as well as an improvement in economic conditions.

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