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GREG LOWE in Bangkok Thai politics will have a heavier impact on the country’s economy than the global financial crisis, according to a report from Moodys Economy.com yesterday. The standoff between the ruling People Power Party (PPP) and the anti-government People’s Alliance for Democracy sent business and consumer confidence into a tailspin, according to the […]

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By GREG LOWE IN BANGKOK POLITICAL violence and global economic turmoil caused the Stock Exchange of Thailand to nosedive to a five-year low yesterday. Domestic consumption and tourism will be hard hit by the double economic impact, experts said. SET closed at 492.34 points yesterday, down 6.88 per cent in trade worth 17.46 billion baht […]

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By GREG LOWE IN BANGKOK SCORES of people were injured when violence erupted on the streets of Bangkok yesterday after police deployed teargas to disperse anti-government protesters. Hopes of a peaceful resolution to the country’s political impasse lay in tatters, observers said. Around 100 people were reported injured, more than 20 seriously, after police used […]

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GREG LOWE in Bangkok Thailand’s opposition party hammered the government’s new Cabinet line up, which was released yesterday. Appointments were made to satisfy internal power cliques not to serve the country and its people, it said. Prime Minister Somchai Wongsawat heads a six-party coalition government, led by his People Power Party (PPP), whose new Cabinet […]

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By GREG LOWE IN BANGKOK AMERICA’S financial crisis and the Lehman Brothers bankruptcy will dampen Bangkok property prices, a leading economist said yesterday. Lehman’s went bankrupt on Sept 15 with 50 billion baht (S$2.1 billion) of assets in Thailand, 80 per cent of which was in property. Any related sell-off of its assets is likely […]

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GREG LOWE in Bangkok Anti-government protestors weakened their political demands yesterday in a move welcomed by Thailand’s major parties. But more detail is needed for informed debate, said an analyst. The People’s Alliance for Democracy (PAD) has occupied Government House since August 26, demanding the ouster of the ruling People Power Party (PPP). It accuses […]

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By GREG LOWE IN BANGKOK THAILAND’S Parliament elected Somchai Wongsawat as prime minister yesterday, but the new premier will be ‘under the gun from day one’, according to a leading political observer. Mr Somchai became Thailand’s 26th prime minister with a clear majority after winning 298 votes, while opposition Democrat leader Abhisit Vejjajiva won 163 […]

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By GREG LOWE IN BANGKOK THAILAND’S ruling party ended two days of intense negotiations yesterday by unanimously backing Acting Prime Minister Somchai Wongsawat as its candidate for premier. Last Tuesday, the Constitutional Court sacked Prime Minister Samak Sundaravej over a conflict of interest concerning payments he received for hosting TV cooking programmes.

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By GREG LOWE IN BANGKOK THAILAND’S government faces serious trouble if the ruling People Power Party (PPP) cannot agree on its prime ministerial candidate before Parliament votes on the matter tomorrow, a party spokesman said yesterday. The Constitutional Court sacked Prime Minister Samak Sundaravej last week over a conflict of interest for receiving payments for […]

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By GREG LOWE IN BANGKOK DEPOSED Thai Prime Minister Samak Sundaravej’s bid for re-election suffered a blow yesterday when Parliament was forced to postpone its selection of a new premier after a no show from ruling coalition MPs prevented a quorum. The ruling People Power Party (PPP) re-selected Mr Samak as its candidate for prime […]

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