PT puts 'shutdown' damage at B200bn
2/01/2014
The People's Democratic Reform Committee’s planned shutdown of Bangkok on Jan 13 could escalate the ecnomic damage caused by the protests to 200 billion baht, up from the 70 billion baht in damage already caused, a member of the Pheu Thai Party’s economic team claimed on Thursday.
Pichai Naripthaphan said the PDRC city seizure would drag the country’s accountability down to the lowest level and further reduce already-affected foreign investment, while the economy could tumble down.
He called on Democrat Party leader Abhisit Vejjajiva to talk with PDRC secretary-general Suthep Thaugsuban, an a former Democrat MP powerebroker, and suggest that he cancel his plan to paralyse the capital, as it would cause massive damage to the country.
Mr Pichai last month claimed foreign investors in the Thai stock market had already sold off more than 200 billion baht worth of shares since the protests began. Some of them had decided to move production bases to other countries, he added.
bangkokpost.com