TEXT SIZE: A | A | A          

May 25, 2013 -- Updated November 24, 2012 18:24 HKT

Bangkok Rally Ends


report@livetradingnews.com
Posted on: Nov 24th, 2012

Gen Boonlert "Seh Ai" Kaewprasit, at the beginning of the rally on November 24, 2012 in Bangkok, Thailand. The Pitak Siam group is rallying to demand the resignation of the government.

Heavy rain and rising tensions put an end to the anti-government rally in Bangkok, Thailand today. The political maneuverings in Bangkok Thailand are not in anyway a threat to tourism or the local economy.

“There will be little, if any reflection in the Stock Exchange of Thailand on Monday or in the Thai Baht” Economist and Hedge Fund Manager Shayne Heffernan of www.livetradingnews.com said today.

Gen Boonlert Kaewprasit called an end to the protest late Saturday afternoon Bangkok time.

37 people had been reported injured, mostly with cuts and bruises, and 132 arrested, a mild rally by Thailand standards and a reflection of the more peaceful process that Thai’s have adopted over the last few years.

On the rally stage, the retired general made a spirited denunciation of the government.

“It’s time for you to get out because you have shown no capability and righteousness,” he said, referring to Premier Yingluck Shinawatra.

“I’m telling Thaksin that if he wants to return to Thailand, he needs to bow before the king and serve his prison sentence,” he said, referring to the prime minister’s fugitive brother.

Ms Yingluck cancelled all public events on Saturday and was monitoring events from her home.

The rally is taking place on the eve of the no-confidence debate scheduled to start on Sunday in Parliament against the Yingluck government.

Pheu Thai Party spokesman Prompong Nopparit said the governing party supported the censure debate going ahead as planned.

Party leader Charupong Ruangsuwan said earlier that he would propose deferring the debate due to protests, but Pheu Thai members met on Saturday and agreed to go ahead.

The debate is scheduled to last until Tuesday with a vote on Wednesday.

Abhisit said the Opposition has prepared a team of 30 MPs to grill three ministers each day, while the PM will face two days of attack. The subjects of the debate have been well organised in accordance with government policies, he said, adding that he had strongly advised his team not to touch on other topics, otherwise government MPs may resort to delaying the debate by exercising their rights to answer the allegations.

Addressing concerns that the government may raise the subject of his qualifications as an MP over his retroactive dismissal as a military reservist by the Defence Ministry, Abhisit said: “The matter has already been lodged at the Constitution Court. As long as the court has not ruled, I am still qualified. I insist that the ministry’s dismissal order against me is unlawful and I have already filed a suit with the Administrative Court and the National Counter Corruption Commission over the matter,” he said.

More News











 

image1

 


 

Heffernan Capital Management
Linda Johnson,
Business Development Director – Private Client Group,
Sales@Heffcap.com

Singapore

3 Raffles Place #07-01
Bharat Building Singapore 048617
Tel: +65 6329 6408
Fax: +65 6329 9699

 

Posted by on Nov 24th, 2012and filed underASEAN News, Asia, Economic News, Emerging Markets, Latest News, News & Events, News wire, Thailand.You can follow any responses to this entry through theRSS 2.0You can skip to the end and leave a response. Pinging is currently not allowed.
RESEARCH 1 of 6
China Economy in for a Shock

China Economy in for a Shock

Thursday’s PMI revived investor worries about whether China can sustain an economic revival this year, after annual growth slumped to a 13-year trough in 2012. China’s factory output and investment performance for April released earlier …

Commentary

Sponsored Ads

Risk-Management-Process-2

Advertise with us


Investor Services

Portfolio Management Services
Portfolio Management Services

Portfolio Management Services

Protect against inflation and currency shifts.

What is Portfolio Management? 

Managing investments in equities requires time,

Sponsored Ads

Advertise with us

UAE Economy Seeing a Spring Boom

UAE Economy Seeing a Spring Boom

UAE Economy Seeing a Spring Boom

HBC

Driven by stable high Crude Oil prices, tourism, diversification and a liberal trade policy, the United Arab Emirates (UAE) witnesses an unprecedented …

The Pilette Family’s 100 yr Racing History Celebrated at Indy

The Pilette Family’s 100 yr Racing History Celebrated at Indy

The Pilette Family’s 100 yr Racing History Celebrated at Indy

Theodore Pilette was a Belgian racing driver who finished 5th in the Y 1913 Indy 500 …

The Hot List

Hot Stocks EVSV, MJNA
Hot Stocks EVSV, MJNA

Enviro-Serv Inc (OTCMKTS:EVSV), Medical Marijuana Inc (OTCMKTS:MJNA)

Enviro-Serv Inc (OTCMKTS:EVSV)

EVSV had a stellar dy yesterday, ut it looks like it is just the begining of big things, good …

Sponsored Ads

Advertise with us

shoutbox

How are you investing and why?


140 characters left  

Guest: bztg, come on shane, lite this puppy up. been waiting too long lets go!!!

Tue, 04/30/13 | 0 Comment

1031         

104   

Guest: gsat get it now. if u snooze u lose

Fri, 04/19/13 | 0 Comment

1413         

146   

Sponsored Ads

Project_Management_Consulting

Advertise with us


Subscribe to Live Trading News

NEW YORK           LONDON           BARCELONA           TOKYO           SYDNEY

back to topBack to top
    Add to RSS
    Find us on Facebook
    Follow us on Twitter
    Watch on Youtube
    Stay updated on LinkedIn