WorldFun Posted April 12, 2010 Report Share Posted April 12, 2010 This UK perspective is quite extensive/useful for the ones with bad memory LOL http://uk.reuters.com/article/idUKTRE6390TR20100412?feedType=RSS&feedName=worldNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Reuters%2FUKWorldNews+%28News+%2F+UK+%2F+World+News%29&pageNumber=1&virtualBrandChannel=11700 "By Nopporn Wong-Anan and Ambika Abuja BANGKOK (Reuters) - Thailand's army chief called on Monday for early elections, adding to pressure on Prime Minister Abhisit Vejjajiva whose party may face prosecution over funding activities. The call came after weekend protests left 21 dead and 800 injured and although there was no violence on Monday, protesters circled the capital and still occupied their bases in Bangkok, one near a major shopping centre. "The current issue now is about dissolution of parliament, so my understanding is we just need to dissolve the House. But how long it will take before the house dissolution, that depends on the result of the negotiations," Thai army chief Anupong Paochinda told a news conference. Abhisit himself has said he could dissolve parliament by the year-end, a move that has not satisfied "red shirt" protesters, supporters of former premier Thaksin Shinawatra, who want him to quit immediately and leave the country. Thailand's Election Commission added to pressure on Abhisit when it ruled that his Democrats Party could face prosecution over funding irregularities, cheering anti-government protesters who marched in Bangkok after a weekend of violence. Although the proceedings in the Supreme Court could take months, if a prosecution is launched, a similar measure was used to oust the government backed by Thaksin in 2008. "Red shirt brothers are celebrating because this could lead to the end of the Democrats Party," activist Mattawut Saikua told reporters as tens of thousands chanted "Abhisit, get out." The weekend protests triggered a selloff on Thailand's stock market and the prospect of further political uncertainty and more violence shocked investors who had pushed billions of dollars into Thailand. Continued... (read on via the link - 3 more pages...) Link to comment Share on other sites More sharing options...
Julian2 Posted April 12, 2010 Report Share Posted April 12, 2010 The GDP slumps because of the trouble. Violence affects Thailand's debt rating The credit ratings agency Fitch said today that it was "particularly concerned'' about the local currency rating of Thailand after weekend clashes between security forces and protesters resulted in 21 deaths and more than 800 injuries. The government is expecting to post a budget deficit of 3.8% of gross domestic product this year, more than double that of Indonesia, [color:red]after posting a deficit of more than 5% of GDP in its fiscal year to Sept 30, 2009.[/color] "We expect a deterioration in public finances of Thailand, given the escalated political uncertainty. We are particularly concerned about the local currency sovereign rating of Thailand,'' said Vincent Ho, associate director of Fitch's Asia Sovereign ratings unit in Hong Kong. Link (It slumped last year because they knew this was coming) Link to comment Share on other sites More sharing options...
Coss Posted April 13, 2010 Report Share Posted April 13, 2010 And has the baht moved? Not that I've noticed it hasn't. Link to comment Share on other sites More sharing options...
Julian2 Posted April 13, 2010 Report Share Posted April 13, 2010 30.04 to the AUD, hasn't been over 30 for a while. No dramatic changes though. Link to comment Share on other sites More sharing options...
Coss Posted April 13, 2010 Report Share Posted April 13, 2010 Hovering around 23, 23.1 to the NZ$ as it's been for months and this on the back of the NZ$ leaping 1-2 c against the US in the last days. Link to comment Share on other sites More sharing options...
LizardKing Posted April 13, 2010 Report Share Posted April 13, 2010 (It slumped last year because they knew this was coming) Hahahahaha. You're kidding, right? I hope so. I mean, it couldn't have been caused by the rest of the world's financial crash right? Knuckleheads... Link to comment Share on other sites More sharing options...
Julian2 Posted April 13, 2010 Report Share Posted April 13, 2010 So we're back to the "slumps are caused by international trends" but the "revival" is due to good government? Link to comment Share on other sites More sharing options...
LizardKing Posted April 13, 2010 Report Share Posted April 13, 2010 Who said anything about revival? You're putting words into my mouth. But I will say it now. Yes, true. A recovery is a fragile thing and easily fucked up. Investors are skittish and will run easily. So yes, a recovery does have something to do with good fiscal policies. The sheep mentality will cause the slump, government policy be damed. So laugh all you want, that's reality in any country. Link to comment Share on other sites More sharing options...
Julian2 Posted April 13, 2010 Report Share Posted April 13, 2010 There, opinions sound a lot better with out the name calling don't they? Link to comment Share on other sites More sharing options...
Pom Michael Posted April 13, 2010 Report Share Posted April 13, 2010 Getting back to the original topic of this thread: a. Tuesday 13th April - is anything happening? Are the Red Shirts still occupying Rajaprasong? You would not know anything by looking at Thai TV. b. PM is being hung out it seems. Time for him to fire the Army chiefs, Police chiefs, then resign to let someone else take over the mess. It isn't fixable now for the Democrats after yesterday's EC ruling. c. Happy Songkran! Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.