Amid Massive Protests, Thai PM Won’t Step Down

Thailand’s Prime Minister Abhisit Vejjajiva defied the demands of his opponents Monday morning, telling the country in a televised statement that he would neither resign nor dissolve the House of Representatives, as tens of thousands of red-shirted demonstrators laid siege to the army base where government and security officials are monitoring the protests. “I cannot […]

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Foreign arrivals set to dip if protests turn violent, says top economist

BANGKOK, Mar 11 (TNA) – The number of foreign arrivals in Thailand will drop below what many expected if the anti-government Red Shirt protests during March 12-14 turn violent, according to a leading economist. Siam Commercial Bank Executive Vice President Sethaput Suthiwart-naru said the SCB Economic Intelligence Center (EIC) earlier projected that the number of […]

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Bank of Thailand Keeps Interest Rate at Five-Year Low

March 10 (Bloomberg) — Thailand kept its benchmark interest rate unchanged for a seventh meeting, refraining from following neighbor Malaysia in raising borrowing costs as political protests threaten the nation’s economic recovery. The government plans to invoke the Internal Security Act to control anti-government protests this weekend, amid concerns political unrest will hurt an economy […]

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Shinawatras flee country before rally

Family said to fear being held hostage Members of Thaksin Shinawatra’s immediate family have left or are leaving the country ahead of this weekend’s rally by supporters of the fugitive former prime minister. Thaksin’s former wife Potjaman na Pombejra and their son Panthongtae Shinawatra left for Hong Kong on Monday while their two daughters Ms […]

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Thailand to Impose Security Law For Rally

BANGKOK (Reuters) – The Thai government plans to invoke a tough security law, giving the armed forces broad powers to control a rally in Bangkok by supporters of former Prime Minister Thaksin Shinawatra, a minister said on Monday. The Internal Security Act (ISA) allows the country’s top security agency, the Internal Security Operations Command, to […]

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