thai-pm-declares-state-of-emergency

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.

While not unexpected, the state of emergency did put another dent in the investor confidence and media reports say the countryÆs central bank was forced to intervene to support the baht which fell to its lowest...
¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222