Thread: Coup 2014 !!!! : Military 'takes control' in Thailand

This must be the McDs protest. Lots of folks that day.

Thailand’s tourism industry a victim of military coup CLIFFORD COONAN . IRISH TIMES Tuesday, May 27, 2014

Country is one of the world’s most visited tourist destinations, with arrivals last year at 26.7 million, up 20 per cent from the previous year, worth €54 billion annually



Tourism chiefs in Thailand wept into their Singha beers last week as army chief General Prayuth Chan-Ocha took control of the country and suspended the constitution, two days after declaring martial law.

For years, Thailand has been known as the “teflon economy” for its ability to shrug off political instability, but this time around, the economic backdrop to the military coup is considerably more downbeat than during previous coups.

During the day, before the 10pm curfew comes into force, Thais go about their normal business in Bangkok. Young women take “selfies” at the military roadblocks on the city’s major intersections and an eerie normality prevails.
But the numbers tell a more depressing tale.
South-east Asia’s second-largest economy unexpectedly shrank in the first quarter from a year earlier, according to data issued last week, after anti-government protests that began in late October emptied hotels, scared off foreign investment and paralysed state spending.
Consumption fell 2.1 per cent, investment dropped 9.8 per cent, manufacturing declined 2.7 per cent and construction plummeted 12.4 per cent.
And look at how Thailand’s neighbours are performing. Worst performing currency
Malaysia and Singapore experienced economic growth of at least 5 per cent annually during the same period. The country’s National Economic and Social Development Board forecast economic growth of between 1.5 per cent and 2.5 per cent this year, down from a previous forecast of between
3 and 4 per cent. Nomura is even more bearish, forecasting 1.1 per cent growth this year.
The Thai currency fell nearly half a percentage point after the coup was announced, and it has slipped by 4.5 per cent since the crisis began at the end of October last year, making the baht the worst performing currency in Asia.
Inflation reached a 13-month high of 2.45 per cent in April.
Thailand is one of the world’s most visited tourist destinations, with arrivals last year at 26.7 million, up 20 per cent from the previous year, worth €54 billion annually and accounting for about 20 per cent of GDP and responsible for 2.5 million jobs last year.
The first four months of the year have seen a 5 per cent drop in visitor numbers – 400,000 people fewer than last year. The country is gearing up for mass cancellations, and it could lead to a drop in up to 12 per cent in bookings this month, according to the Wall Street Journal.
That said, the flight from Changsha in Hunan province, China, was full with tourists taking advantage of plummeting prices to have a quick break.
Many countries have issued travel alerts. Irish tourists have been urged to exercise “extreme caution”. Hong Kong is halting tours to Thailand.
Many people do not feel the crisis in Thailand will affect the tourism industry. After all, we have been here before. Nearly every year.
What are interest rate swaps saying about the situation? According to analysis by Bloomberg, Thailand’s interest-rate swaps are signalling a cut in central bank borrowing costs to avert a recession after the coup.

The one-year onshore contract has fallen 19 basis points this month to 1.74 per cent as a court ousted Yingluck Shinawatra as prime minister on May 7th, martial law was declared last Tuesday and the military took control on Thursday. ‘Prognosis good’
It is now 26 basis points below the 2 per cent benchmark interest rate after dropping to as low as 1.69 per cent on May 21st. Sharp declines in the swap preceded the last three rate cuts in March, November and May 2013.

This is the 12th coup since 1932, so there are few surprises for investors, even if things do look more intractable than in previous coups, and there are fears no lasting solution will come of it.
“We view the current military coup as likely overall positive as it creates a more stable environment,” Mark Mobius of Templeton Emerging Markets Group, told Bloomberg. “The prognosis for Thailand is good.”



Thailand

Originally Posted by nevets

Yinglack is Thaksins daughter not his sister

Yeah. True, sure. And, all but five posters here are Thaksins sons and those five are Sutheps sons, 3 genetically engineered....

555

But really,

Originally Posted by thegent

Doubt that that would fit with his biography

Absolute crap reporting. Recycled, inaccurate and in no context.

The idiotic report that tourism accounted for 20% of GDP alone is sufficient to condemn this trash to the gutter.

Originally Posted by KEVIN2008

“We view the current military coup as likely overall positive as it creates a more stable environment,” Mark Mobius of Templeton Emerging Markets Group, told Bloomberg. “The prognosis for Thailand is good.”[/B]

The sort of totalitarian codswallop one expects from this ghastly, bald homosexual dwarf.

Originally Posted by thegent

The idiotic report that tourism accounted for 20% of GDP alone is sufficient to condemn this trash to the gutter

That is silly, 20% mistakes can not be accepted in global media...

Originally Posted by KEVIN2008

Tourism chiefs in Thailand wept into their Singha beers last week as army chief General Prayuth

Or Irish media. Serious article...

Other bits while true are just copy paste

Sorry Kev

Originally Posted by The Ghost Of The Moog

Mark Mobius of Templeton Emerging Markets Group, told Bloomberg. “The prognosis for Thailand is good

Doubt he has even been to Asia, he mistook it for Asda.. and was speaking about Iceland horse lasagne

"The foreign press. .........They are here to sell Thailand."

An occupation restricted to thais only

Some interesting appointments to the ruling council Generals Prawit and Anupong.

ผู้หญิงไทยด้วยปืน
เป็นอันตราย

^^ Poor buggers

Originally Posted by cyrille

Of course it was planned. Is it worrisome that it wasn't a spur of the moment thing? In the circumstances? Really?

Yes, it is. It was a fallback strategy if Suthep failed. It is built upon lies and to succeed requires massive suppression of truth. The supporters of Suthep and the army are saying get rid of corruption. Apparently, "inviting" politicians to a conference and then arresting them all is somehow not corrupt. Mi

Brother of nurse killed in 2010 killings is released after 5 days detention by junta

Originally Posted by Merrimack

This must be the McDs protest. Lots of folks that day.

A lot of brave people there, I'm always distressed though when I see young children at these events.. Watching that video I can feel the stress from both sides, it's family against family, loved one against loved one but the soldiers have no choice in the matter, this is not what a countries military is to be used for..

Personally were I soldier in a situation like that I think I'd have to opt for taking out one of my superiors rather then innocent, unarmed countrymen and women and children seeking their freedom and make my statement that way. That's a far better legacy to leave then this one, another thought on this is when these soldiers return home to their respective provinces and villages how will they be received I wonder?

The curfew has been shortened

PR News just announced: @armypr_news: ประกาศ คสช.42/2557 ปรับเวลาการห้ามออกนอกเคหะสถานทั่วราชอาณาจักร เป็น 00.01 ถึง 04.00น. มีผลตั้งแต่คืนนี้(28 พค57) เพื่อบรรเทาผลกระทบ ปชช., - (English: @tulsathit: New curfew - midnight to 4 am - starts tomorrow.) RT @armypr_news

about time, the 10pm was hardly necessary

i'm in suki 4 no sign of any curfew here, if you've paid your dues your open as usual.

A logical move for red shirts now would be to move directly to terrorist activities - and bring those asymmetric methods to the city .

They aren't allowed to congregate any more, so would expect to see them adopting Southern Thailand 'freedom fighter' methods in the next month or so in urban Bangkok, with the aim of disrupting the military without any direct, personally hazardous, confrontation.

Originally Posted by Yasojack

i'm in suki 4 no sign of any curfew here, if you've paid your dues your open as usual.

It 9:06 on your post lets see what happens....

Originally Posted by The Ghost Of The Moog

A logical move for red shirts now would be to move directly to terrorist activities - and bring those asymmetric methods to the city .

They aren't allowed to congregate any more, so would expect to see them adopting Southern Thailand 'freedom fighter' methods in the next month or so in urban Bangkok, with the aim of disrupting the military without any direct, personally hazardous, confrontation.

'Move directly to'?

Wouldn't 'continue with' be more appropriate?

Originally Posted by pickel

Originally Posted by BaitongBoy

That's funny, actually...Probably just have a couple of soldiers on the big island...

About a dozen actually, what's your point?

Howz biz? Them damn Thaksinites, eh?

Its fine already know which bars will be open, just waiting for a friend and on a bender.

Originally Posted by aging one

Originally Posted by Yasojack

i'm in suki 4 no sign of any curfew here, if you've paid your dues your open as usual.

It 9:06 on your post lets see what happens....

Originally Posted by Yasojack

if you've paid your dues your open as usual.

Thais call it Issara

Originally Posted by Moonraker

Originally Posted by The Ghost Of The Moog

A logical move for red shirts now would be to move directly to terrorist activities - and bring those asymmetric methods to the city .

They aren't allowed to congregate any more, so would expect to see them adopting Southern Thailand 'freedom fighter' methods in the next month or so in urban Bangkok, with the aim of disrupting the military without any direct, personally hazardous, confrontation.

'Move directly to'?

Wouldn't 'continue with' be more appropriate?

Legitimate anti-dictatorship

Originally Posted by The Ghost Of The Moog

A logical move for red shirts now would be to move directly to terrorist activities - and bring those asymmetric methods to the city .

Not a logical move and not a clever one either.

The Military don't need any help at all in creating their downfall. They are quite capable of doing it all by themselves.