The impeachment case against Yingluck, 47, who was removed from office by a court ruling days before a May putsch, is ostensibly about her handling of an allegedly graft-riddled government rice purchasing program, yet has more to do with a decade-long vendetta aimed at erasing her family’s influence from politics after victories in every national […]
Read More →We have an interesting few weeks coming up with politics in Thailand: Yingluck has been given a 15-day reprieve by the National Anti-Corruption Commission (NACC), so by the 29th March she will have to present her defence and then the NACC will conclude an impeachment case -> nothing positive out of this for her. The […]
Read More →That must’ve been the first thing that came across the mind of the President of the Government Saving’s Bank (GSB) this morning as he awoke to the the news that THB 30 billion had been withdrawn from the bank. Backstory? Well very simply the GSB had recently provided a loan of THB 5 bn to the Bank […]
Read More →What has happened thus far? Well as a positive the Senate had passed through the THB 2 trn borrowing bill however the Democrats and a group of 66 lawmakers filed a case to the constitutional court to invalidate the bill as they believe the loan bill contravenes Section 169 of the constitution as it would […]
Read More →The weekend’s and yesterday’s protests actually caught quite a fair bit of attention in the global media and made the market drop some 40 pts (2.5%) in a day. Our viewpoint is simple, this bill still has to go through the Senate and then the Constitutional Court at which point we think it won’t pass. […]
Read More →What happened now? Yesterday the House President called for an early bill debate today with 2nd and 3rd readings and votes by the end of this week and early next week and who sold off the market? Local institutions and prop desks (something we’ve been watching closely)… So whats the timeline of events now? If […]
Read More →So politics is coming back to the forefront of the news headlines, its been building up over the past few weeks and with the Internal Security Act invoked a few days ago, market participants have become more worried. We’ve also heard that Mr. T is becoming more and more agigtated and desperately wants to return […]
Read More →Great op-ed by K. Voranai in the Bangkok Post the other day, a few snippets which caught my attention… Perhaps the truth is a mixture of both, but the numbers tell a most convincing story. According to the report, economic growth in Isan climbed 40% from 2007 to 2011, against 23% for the country and […]
Read More →Despite what people say, we think the impact of the village fund that Thaksin implemented years ago can already be seen with the growth in each and every region outside of Bangkok, the expansion of Tesco’s, BigC’s, 7-11s, motorcycle sales, pick-up sales, consumer goods and electronics in the past 10 years is evidence of it, […]
Read More →Funny little article on Bberg over the weekend on Thai politics. The writer, William Pesek, puts forth an idea to allow Thaksin to come back and prove himself. Thaksin has been extraordinarily successful at three things since fleeing to avoid prison: playing the victim, drumming up support overseas and distracting Thailand’s leaders from moving on. […]
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