Thai PM to dissolve parliament, call elections

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(14-12-2013, 12:35 PM)corydorus Wrote: When i saw the perfectly standardize made placards held by the demonstrators in TV, I already knew there is RICH hidden hands behinds all this events to topple the government. Is incredible that there are elements who are for themselves will ignore the country needs and deceived a large portion of people to support them. Is always WRONG to topple democratically elected government. This is basic common sense.

Thailand is a sad story. Clearly the majority people want better life which thaksin can provide.
Him in power is a credible competitor to Singapore but i also believe Singapore would support him.

The Army, Elite Opp and maybe the Monarchy's powers(for some) in cahoot with them will face the wrath of God one day for their selfish acts.

There is a book "The king never smiles" about thai monarchy. In the book it imply that as long as these running political stalemates and coups exists though bad for thailand and bad for their economy but is actually beneficial to the monarchy where they exist in an elevated state above the civilian government and military. You compares monarchy in UK, thai monarchy has vast influence.

But it hadn't always been this way from 1938 - 57 was under the dictatorship of military general Plaek who seized and overthrew the thai monarchy. When the current king was coronated in the 1950's he had very little power was just ceremonial figurehead. But after Plaek was ousted in a coup against him things started to change and the monarchy maneuver itself into the current position of influence. So whenever things go too far or they feel threatened there will be a coup to oust the government and new government comes in things started all over again.

This current protest I thought 5 dec they will call for calm in respect for the king's birthday but no news not even a whimper ... means?
The richest man in Thailand is ... NOT CP's Dhanin Chearavanont according to FORBES <-- click left to reveal.
then who might that be?

A Life not Reflected is a Life not Worth Living.
感恩 26 April 2019 Straco AGM ppt
(14-12-2013, 02:21 PM)chialc88 Wrote: then who might that be?

A Life not Reflected is a Life not Worth Living.

As above link, the man in the "golden chair". Big Grin
A government with People support is a danger to someone. Is no coincidence Thailand has so many coups.
[removed by moderator, the statement seems inappropriate]

Do you know that the current monarchy today has the throne in his bag under very controversial circumstances.

Just my Diary

There is a youtube video on the king's response who said toward end of video that further enquiry at that time was being suppressed by influential people and international people.

According to background information summarized from internet sources when Ananda and Buhimol were young, Field Marshall Plaek Phibunsongkhram seized and overthrew the thai monarch in 1932 the safety of the two boys at that time was greatly feared as they the heirs to be so decision was made by their mother to send both away. And later in 1935 quarrels forced the king to abdicate in favor of crown prince Ananda who was away. Regents were put in place when King Ananda was away and Plaek became the virtual ruler of the whole of thailand, he tried to build his cult image by putting his pictures were everywhere, old pictures of the ex-king were removed and banned. Plaek also backed and signed alliance with the Japanese during ww2. When Japanese later were near defeat his popularity went into decline and was charged with war crimes for collaborating with axis powers but later acquitted of charges but was replaced.

By December 1945 King Ananda now 20 returned. Then in june 1946 he was dead and in 1947 according to intenet sources admist the confusion forces loyal to Plaek staged another coup and he came back to power.

From what I see from the information Field Marshall is the likely suspect behind the assasination of king Ananda.
(13-12-2013, 12:54 PM)specuvestor Wrote: This recent editorial talks about the political conundrum which we addressed above. But missed an important ingredient to make the analysis complete: the driving force behind the Democrats and the Yellow Shirts.

"The demonstrators who have filled the streets of Bangkok over the past several weeks say snap elections called by Prime Minister Yingluck Shinawatra are no concession, because her ruling party is certain to win."

I'm not even sure how to respond to this statement. Frustration is now an understatement... more like exasperation.

I think nowhere else in the world is a coup considered positive... I think the King cannot wait anymore


Thai Baht Plunge Is No Bear Market Sign to Coup-Savvy Investors
2014-05-23 00:40:31.977 GMT

By Weiyi Lim, Zahra Hankir and Anchalee Worrachate
May 23 (Bloomberg) -- Within a minute of Thailand’s army
announcing a coup, the baht fell 0.6 percent versus the dollar.
Templeton Emerging Markets Group and Samsung Asean Equity Fund
say any market weakness will be shortlived.
“We view the current military coup as likely overall
positive as it creates a more stable environment,” Mark Mobius,
who oversees about $50 billion as Templeton Emerging Markets
Group’s executive chairman, said by e-mail. “The prognosis for
Thailand is good given that direct foreign investors want
stability in the country.”
Overseas investors pulled $408 million from Thai stocks
since martial law was declared early on May 20, according to
exchange data, helping send the benchmark SET Index in Bangkok
down 0.7 percent this month. The baht, the worst-performing
currency in Asia in May, was 0.1 percent stronger today at
32.563 per dollar as of 7:19 a.m. in Bangkok following a 0.4
percent decline yesterday.
While Credit Agricole CIB, Commonwealth Bank of Australia
and Mizuho Bank Ltd. expect short-term weakness in the baht, the
coup may provide certainty in a market that has endured 12
military takeovers since 1932, Mark Williams, chief Asia
economist at Capital Economics in London, said by phone.
“The stock market could fall tomorrow on a knee-jerk
reaction to heightened perceived political risk, but it should
be an opportunity to start buying near the point of maximum
pessimism,” Alan Richardson, whose Samsung equity fund beat 96
percent of peers tracked by Bloomberg in the past five years,
said in a phone interview from Hong Kong. “We are approaching
the end game to the political crisis.”

Lasting Resolution

The SET Index of shares gained 0.2 percent in Bangkok
yesterday before the coup announcement, extending this year’s
advance to 8.2 percent. The yield on Thailand’s 10-year bonds
climbed two basis points to 3.79 percent. The iShares MSCI
Thailand Capped exchange-traded fund fell 1.1 percent to $73.69
in U.S. trading hours.
“It could be positive for financial markets in the near
term by reducing uncertainty and reducing the risk of the
political standoff turning violent,” Williams at Capital
Economics said. “But it underlines the scale of the divide in
Thailand and suggests that a lasting resolution to the political
conflict is a long way off.”
The rift between the largely rural-based support for former
Prime Minister Thaksin Shinawatra, who was ousted in a 2006
coup, and his royalist opponents has polarized Thai society and
weighed on production and tourism. The nation will probably have
the slowest growth among its major Southeast Asian peers this
year, according to Bloomberg surveys.

‘Economic Standstill’

While yesterday’s military takeover “probably helped
prevent further bloodshed and full-blown political
confrontation, the problem is that the uncertainty that follows
may lead to an economic standstill,” said Kelvin Tay, chief
investment officer of South Asia Pacific at UBS Wealth
Management, which oversees $2 trillion.
UBS Wealth has been underweight Thai stocks since November
and is unlikely to change its position until there’s a
government in place and a resolution to the crisis, he said.
Stocks on the 528-member SET Index trade at 13 times
projected 12-month earnings, compared with multiples of 11.4 for
the MSCI All Country Asia ex Japan Index and 10.8 for the MSCI
Emerging Markets Index.

Baht Outlook

“The rubric goes that one should buy any market when there
is blood on the streets, but that suggestion arose because blood
on the streets historically caused the market in question to dip
to levels that were too cheap to ignore,” Sally Macdonald, head
of Asian equities at Marlborough Fund Managers in London, said
by e-mail. “That cannot be said of the Thai market at
The baht may weaken 1.4 percent to 33 per dollar “in the
next couple of sessions,” according to Frances Cheung, head of
Asian rates strategy at Credit Agricole in Hong Kong. Mizuho
Bank’s senior economist Vishnu Varathan said the baht may drop
to 33.5 per dollar. The currency’s one-month implied volatility
jumped 36 basis points to 6.07 percent yesterday, the biggest
increase since August, and was little changed today, according
to data compiled by Bloomberg.
The imposition of martial law was “credit negative” and
will further damp economic growth,’’ Moody’s Investors Service,
which along with Fitch Ratings and Standard & Poor’s rates
Thailand at the third-lowest investment grade, said in a note
yesterday. Fitch will monitor events closely, according to
Andrew Colquhoun, head of Asia-Pacific sovereigns in Hong Kong.
Thailand’s economy shrank 0.6 percent in the three months
through March from a year earlier, data showed this week,
missing the median estimate for a 0.4 percent expansion in a
Bloomberg News survey of 23 analysts.
“There would be negative implications for the sovereign
ratings” if political developments suggest that widespread
violence has become likely, said Agost Benard, associate
director of sovereign ratings at S&P.
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward

Think Asset-Business-Structure (ABS)
Put it this way. No country would put other country's interest above their own.
Saying Singapore govt will support Thaksin to undermine Sg's competitiveness is naive.
You have to account to the people who voted for you, else you will find yourself out of office.
To grow together, yeah... to grow your country at my own country's expense, I don't think so.....

If Thailand goes ahead and dig the Isthmus of Kra, Sg will die.
It will be akin to Malaysia cutting off water from Sg.
(23-05-2014, 12:49 PM)kagemusha Wrote: Saying Singapore govt will support Thaksin to undermine Sg's competitiveness is naive.
Kagemusha (btw, what's the meaning of your nick?)
I read between the line and I suppose I got what you mean.

Can I relate one of my story?
Once I was conducting a transformation workshop in THE largest telco office.
There was a glass panel.
correction, more like a glass wall.
It's the map of BKK.
Very details, very tall and it stretched all the way including the 'new' airport.

Being naive, I commented that this map is very up-to-date.
My host look at me with a 'un-believable' look (stare at me lar, may be this is the first time he seriously take a good look at me after one day together.)

He says bluntly to me, this map had been there for more than 20years.

I just kept quiet.

Later, I found out that the airport was conceived many many years ago.
Nothing happen all these years.
Until, finally, One man single handedly make it happen.

Who is he?

Live with Passion, Lead with Compassion
感恩 26 April 2019 Straco AGM ppt
The actions of Singapore has always been Win-Win generally. We want to grow our pie bigger. There's will be friendly competition but not harsh to call it undermine. Undermine can mean you go there and sabotage or influence at detrimental of average citizen well being. Actions that you need to answer to someone when you pass. I doubt we go so low to survive because i do not think we deserve to live if we do.

Read the link here. The first place he fled is Singapore. The Telco stake is sold to temesek. Actions speak louder than words.

Same with our attitude to China when Singapore is a huge manufacturing base. We spread and support china manufacturing, and we move on.

If Thaksin has continued to be in power, our two countries would have been best of friends with tremendous cooperative potentials. With one willing to follow and learn.
Both are Business minded, itself aside to some. The Exchange rate would have reflected that Smile

Just my Diary


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