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P-Move ends rally after govt promises to protect villagers
The anti-government People's Movement for a Just Society (P-Move) has ended its rally after 18 days of protest, saying it had reached an agreement on a number of issues with the government. However, it vowed to return if the government failed to keep its promises. "According to the Memorandum of Understanding signed with the protesters, the government has agreed to solve two problems ...
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Thai stocks extend losses on day after Fed China data
BANGKOK, May 23 (Reuters) - Thailand's benchmark SET index fell as much as 3 percent in afternoon session, joining Asian and global shares on concerns over the future of the U.S. Federal Reserve's monetary stimulus and weak Chinese factory data. Index heavyweight energy and banking shares came under heavy selling pressure, with Siam Commercial Bank Pcl and PTT Exploration and ...
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Italian on the run nabbed in Thailand
An Italian who is suspcted to have defrauded millions of dollars from Italian financial institutions and other crimes, has been arrested by police in Thailand. Media reports said today Stefano Raccaqni, 38, (pictured) was arrested on Tuesday in Chiang Mai, 600 kilometres north of Bangkok, on a request from Italy via Interpol. He faces charges of defrauding Italian banks and finance companies ...
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Japan stocks plummet 7 per cent
Tokyo -- Japanese stocks fell 7 per cent Thursday on an unexpected drop in a Chinese business confidence index, and a strengthening of the yen. The benchmark Nikkei 225 Stock Average lost 1,143.28 points, or 7.32 per cent, to end at 14,483.98, while the broader-based Topix index was down 87.69 points, or 6.87 per cent, at 1,188.34. An unexpectedly weak index of purchasing managers' ...
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Thai police arrest suspected Italian fraudster on Interpol request
Thai police have arrested an Italian national on suspicion of defrauding millions of dollars from Italian financial institutions and other crimes, police said Thursday. Stefano Raccaqni, 38, was arrested on Tuesday in Chiang Mai, 600 kilometres north of Bangkok, on a request from Italy via Interpol. He faces charges of defrauding Italian banks and finance companies of more than 8.6 million ...
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Thai stocks fall to two-week low before long weekend
BANGKOK, May 23 (Reuters) - Thailand's main SET index was down 1.6 percent at midday, underperforming others in Southeast Asia, as investors cashed in on recently rallying shares ahead of a three-day weekend and the central bank's policy rate review next week. Sentiment was broadly weak on worries in Asia about a reduction in U.S. monetary stimulus. Local brokers said the Thai stock ...
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Phuket house construction workers dies in fall
PHUKET: A Phuket construction worker died yesterday after falling from scaffolding at a house being built in Thalang.Thalang Police were called to the site, in Soi Lak Maung in Baan Muang Mai, at about 10:30am.At the scene they found Manit Mongkhon, 42, from Nan Province in Northern Thailand, dead from a fatal head injury.Coworkers Sataphon Phaojumroon, 49, and Manoo Kumsorn, 65, told police Mr ...
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Thai Bank of Ayudhya denies report of MUFG offer for stake
BANGKOK | Thu May 23, 2013 1:43am EDT BANGKOK May 23 (Reuters) - Bank of Ayudhya Pcl, Thailand's fifth-largest lender, denied a newspaper report that Japan's Mitsubishi UFJ Financial Group (MUFG) had offered to buy General Electric's stake in it for 40 baht per share. "The news is groundless," President Philip Tan told reporters on Thursday. Thai-language Khao Hoon ...
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Phuket shop owners urge mayor to reverse parking ban
The shop owners say the no parking zone in front of their shops, located opposite Vachira Phuket Hospital in Phuket Town, is hurting their livelihoods. Photo: Kritsada ...
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South Thailands blackout not a reason to build plants
An academic yesterday warned the government against trying to use the recent power blackout in the South as an excuse to push ahead with the construction of more power plants. Several current power-plant projects face opposition from locals. "Various agencies have now given conflicting information, especially in regard to power demand in the South," assistant professor Prasart Meetam ...
Feature on Bangkok
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Bangkok’s reputation under threat
Bangkok has long-been the site of political instability for the country, but this has rarely escalated into full-scale violence, now as talks between government and protests breakdown, and acts of violence increase, the city faces a difficult situation.
There is currently a days-long standoff between the government and anti-government protestors who claim the present government headed by Prime Minister Abhisit Vejajjiva was supported by the military when they came to power fifteen months ago. Read more
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