thegreglowe.com

Much is made of Thailand’s economic fundamentals but the fact remains that the current political turmoil will only dampen economic activity, chase away tourists and investors and weaken the country’s overall performance. Here are a few comments on the likely impact on the economy, these have all been made very recently, but not in response […]

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by Greg Lowe BANGKOK — Red Shirt anti-government protesters have conditionally accepted Prime Minister Abhisit Vejjajiva’s roadmap for national reconciliation in a move that is expected to end the rallies that have paralyzed parts of the capital for months. Opinions are mixed over whether the plan can bring lasting peace to a country whose unity […]

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Last night the atmosphere on Silom Road was a far cry from the clashes between security forces and red shirt supporters on Viphawadi-Rangsit Road earlier that afternoon, which left one soldier dead and 18 people injured. There were a few lines of police and soldiers dressed in riot gear, standing next to razor-wire cordons and […]

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Foreign Office says protests in Bangkok and beyond mean Britons should avoid all but essential visits to Thailand Greg Lowe in Bangkok and Mark Tran ONE THAI SOLDIER has died in clashes north of Bangkok between troops and red-shirted anti-government protesters agitating for the dissolution of parliament. A Reuters photographer said the soldier was shot […]

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The state of emergency declared in Bangkok late on Wednesday night has done little if anything to calm Thailand’s escalating political tensions. The Emergency Decree issued by Prime Minister Abhisit Vejjajiva gives security forces extended powers to clear thousands of anti-government demonstrators from the heart of Bangkok’s luxury retail district. The protesters had been camped […]

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Despite reports of there being more than 100,000 red shirts in Bangkok already, at about 6pm tonight the numbers were still relatively low around the main convergence point at Ratchadamnoen Klang Avenue. The red shirts had set up tents all along the road, from quite close to the Rattanakosin Hotel, but there were very low […]

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By GREG LOWE IN BANGKOK THE government is hopeful that this weekend’s mass protests will pass without violence, but security forces are well prepared for any incident, Foreign Minister Kasit Piromya says. Thousands of red-shirt supporters of former prime minister Thaksin Shinawatra yesterday started mobilising from around the country to converge on the capital tomorrow, […]

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By GREG LOWE IN BANGKOK THAI-LISTED companies saw net profits surge by 42 per cent last year to 446.51 billion baht (S$19.13 billion) on sales totalling 6.39 trillion baht, the Stock Exchange of Thailand (SET) says. The top-performing industry groups were resources, finance, and property and construction respectively, with PTT, Siam Cement, PTT Exploration and […]

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When I spoke to Dr Thitinan Pongsudhirak, director of the Institute of Security and International Studies at Chulalongkorn University, last weekend about the Thaksin assets verdict, he raised some thought-provoking points about why the Supreme Court’s ruling would not usher in a new era of political stability. The ruling was in fact likely to strengthen […]

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Low interest rates and excess liquidity in Western economies could result in Asia’s markets falling prey to asset bubbles and speculation throughout the coming year, leading international and regional financial experts say. Relatively high interest rates and plentiful opportunities will increasingly spur western investors to look to Asia. The International Monetary Fund forecast the region […]

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