Thai PM declares state of emergency

After three months of anti-government protests the move was not unexpected, but the baht falls sharply nevertheless.

One protestor was shot dead and 45 injured Tuesday, prompting ThailandÆs prime minister, Samak Sundaravej, to declare a state of emergency yesterday. The declaration came after three months of protests by anti-government demonstrators demanding the prime ministerÆs resignation.

Pro-government and anti-government protestors clashed overnight despite police intervention near the prime ministerÆs official compound. Pro-government demonstrators were demanding the release of the compound after more than a week-long sit-in by demonstrators from the anti-government PeopleÆs Alliance for Democracy PAD.

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