Yingluck ouster adds to Thai deal-flow drag

The ouster of prime minister Yingluck Shinawatra is likely to spell an even quieter second half for Thailand's capital markets.
Yingluck Shinawatra
Yingluck Shinawatra

In Thailand, a country plagued by tremendous political uncertainty, one thing looks certain its capital markets are poised for a quiet second half.

On Wednesday Thailand's constitutional court ordered prime minister Yingluck Shinawatra and nine of her cabinet members to step down, charging her with an abuse of power after she replaced the country's national security chief in 2011 with a relative.

Yingluck is the third prime minister to be removed by Thailand’s judiciary, which has sometimes acted on seemingly trivial offenses. Back in September 2008, Samak Sundaravej was ousted as prime minister for hosting a television cookery show and receiving payment after the Thai court...

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