JAKARTA // Indonesian investigators have found no evidence so far that terrorism was involved in the crash of an AirAsia passenger jet last month that killed all 162 people on board.
Andreas Hananto said on Monday his team of 10 investigators at the National Transportation Safety Committee (NTSC) had found “no threats” in the cockpit voice recordings to indicate foul play during AirAsia Flight QZ8501.
The Airbus A320-200 vanished from radar screens on December 28, enroute to Singapore from Indonesia’s second-biggest city of Surabaya.
When asked if there was any evidence from the recording that terrorism was involved, Mr Hananto said, “No. Because if there were terrorism, there would have been a threat of some kind.”
Investigators said they had listened to the whole of the recording but transcribed only about half.
“We didn’t hear any voice of other persons other than the pilots,” said Nurcahyo Utomo, another investigator. “We didn’t hear any sounds of gunfire or explosions. For the time being, based on that, we can eliminate the possibility of terrorism.”
Indonesian authorities have said that bad weather was likely to have played a part in the disaster.
Investigators hope to finish a preliminary report on the crash early next week. The full report could take up to a year.
* Reuters
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How to invest in gold
Investors can tap into the gold price by purchasing physical jewellery, coins and even gold bars, but these need to be stored safely and possibly insured.
A cheaper and more straightforward way to benefit from gold price growth is to buy an exchange-traded fund (ETF).
Most advisers suggest sticking to “physical” ETFs. These hold actual gold bullion, bars and coins in a vault on investors’ behalf. Others do not hold gold but use derivatives to track the price instead, adding an extra layer of risk. The two biggest physical gold ETFs are SPDR Gold Trust and iShares Gold Trust.
Another way to invest in gold’s success is to buy gold mining stocks, but Mr Gravier says this brings added risks and can be more volatile. “They have a serious downside potential should the price consolidate.”
Mr Kyprianou says gold and gold miners are two different asset classes. “One is a commodity and the other is a company stock, which means they behave differently.”
Mining companies are a business, susceptible to other market forces, such as worker availability, health and safety, strikes, debt levels, and so on. “These have nothing to do with gold at all. It means that some companies will survive, others won’t.”
By contrast, when gold is mined, it just sits in a vault. “It doesn’t even rust, which means it retains its value,” Mr Kyprianou says.
You may already have exposure to gold miners in your portfolio, say, through an international ETF or actively managed mutual fund.
You could spread this risk with an actively managed fund that invests in a spread of gold miners, with the best known being BlackRock Gold & General. It is up an incredible 55 per cent over the past year, and 240 per cent over five years. As always, past performance is no guide to the future.
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Korean Film Festival 2019 line-up
Innocent Witness, June 26 at 7pm
On Your Wedding Day, June 27 at 7pm
The Great Battle, June 27 at 9pm
The Witch: Part 1. The Subversion, June 28 at 4pm
Romang, June 28 at 6pm
Mal Mo E: The Secret Mission, June 28 at 8pm
Underdog, June 29 at 2pm
Nearby Sky, June 29 at 4pm
A Resistance, June 29 at 6pm