Forum Views ()
Forum Replies ()
Read more with google mobile :
Thai protesters start bid to topple government
|
Edition:
U.S.
Article
Slideshow
Save
Email
Print
Reprints
Most Popular
Most Shared
Factbox: Examiner's findings of claims against Lehman officers
11 Mar 2010
FCC releases Internet speed test tool
11 Mar 2010
Sushi chef, restaurant charged with serving endangered whale
11 Mar 2010
China warns Google as Internet row deal seen soon
7:35am EST
Buffett kept distance from Lehman
11 Mar 2010
Nurses' union: Care does not include sex
11 Mar 2010
FCC releases Internet speed test tool
11 Mar 2010
Sushi chef, restaurant charged with serving endangered whale
11 Mar 2010
Smartphones will shake up paid content debate
11 Mar 2010
Factbox: Examiner's findings of claims against Lehman officers
11 Mar 2010
Pictures
Editor's choice
A selection of our best photos from the past 24 hours. Slideshow
Thai protesters start bid to topple government
Ambika Ahuja
BANGKOK
Fri Mar 12, 2010 9:40am EST
Related News
Q+A: Who are Thailand's "red shirts?"
4:16am EST
Scenarios: Will Thailand's government ride out the storm?
5:47am EST
<
1 / 13
>
View Full Size
BANGKOK (Reuters) - Anti-government protesters began gathering in Bangkok on Friday for what they promise will be a "million-man march" in coming days to paralyze Thailand's capital and force the government to call elections.
World
About 40,000 soldiers and police fanned out across the city as several thousand red-shirted supporters of deposed premier Thaksin Shinawatra began gathering in one of the biggest challenges yet to Prime Minister Abhisit Vejjajiva.
But the political turbulence has failed to shatter confidence in Thailand's financial markets. Many investors and political analysts doubt even violent protests will derail the government, which is backed by the military's top brass and the urban elite.
In a reflection of this, Thai stocks have surged 75 percent in the past 12 months on nearly $2 billion of foreign fund inflows, though they were a touch weaker on Friday on some disquiet among local retail investors.
In five major areas of Bangkok, protesters gathered under searing afternoon sun to listen to speeches by leaders of their movement, the United Front For Democracy Against Dictatorship (UDD), standing on trucks-turned-makeshift stages.
"We are calling for the return of power to the people. Let them decide the fate of this country," one "red shirt" leader, Veera Muksikapong, told cheering supporters.
Economists caution that possible unrest could hurt some businesses and sap consumer confidence in Southeast Asia's second-biggest economy, possibly forcing the central bank to delay an expected rise in interest rates from record lows.
But most expect the rising trend in Thai stocks, among the cheapest in Asia, to remain intact, noting that "red shirt" protests last April that sparked Thailand's worse political violence in 17 years failed to unseat the government.
Foreign investors are more focused more on a swift, export-led economic rebound in Southeast Asia's emerging markets, and have snapped up about $500 million of Thai stocks since January, with most of the buying in recent weeks.
"Like the UDD's 'last stand' in April 2009, the 'million-man march' may prove to be nothing of the kind and the stability of this regime offers encouragement to investors," said Timothy Powdrill, a political risk analyst at consultancy Riskline ApS.
INTRACTABLE CRISIS
The protesters will disperse later on Friday before regrouping on Sunday with the "red shirts" vowing to bring hundreds of thousands from the provinces into Bangkok's streets -- a scale almost unprecedented in recent years. Organisers say the rally will last at least seven days.
Many businesses and schools were shut in the capital while some companies allowed staff to work from home.
Armed guards stood at many banks and state buildings after government warnings of potential sabotage, including bombings.
The protests add a new strain to a seemingly intractable political conflict pitting the military, the urban elite and royalists, who wear the revered king's traditional color of yellow at protests, against the mainly rural supporters of Thaksin, who say they are disenfranchised and wear red.
The protesters say the Oxford-educated Abhisit came to power illegitimately by forming a parliamentary coalition with the help of the military that toppled Thaksin in a 2006 bloodless coup on charges of massive corruption and disloyalty to the monarch.
The "red shirts" chafe at what they say is an "unelected elite" preventing allies of twice-elected Thaksin from returning to power through a vote. Adding to their anger, Thailand's top court last month seized $1.4 billion of Thaksin's assets, saying they were accrued through abuse of power.
Protesters marched to a military base where Abhisit held a security meeting, police headquarters and a government television station. Thousands chanted: "Elites get out."
Few expect a million protesters, but the prospect of even tens of thousands flooding the streets has rattled nerves in the city of 15 million people.
"There are all sorts of rumors going around about how it may turn violent so it is best to close, then wait and see," said Puangthong Limjitikul, an open-air restaurant owner in Bangkok.
Protesters accuse authorities of trying to fan the fears, but the government insists the threat of violence is real.
"I will not respond to threats," Abhsiti told reporters.
Government House, which includes Abhisit's office, has been cordoned off. Authorities have closed several other roads to prevent protesters from besieging government buildings.
In 2008, a rival protest group sought to topple a Thaksin-allied government by seizing Government House for three months and shutting the country's international airport for eight days. The UDD insist they would not use the same tactics.
(Additional reporting by Pracha Hariraksapitak, Chalathip Thirasoonthraukul and Martin Petty; Editing by Jason Szep)
World
More from Reuters
Retail sales rise as shoppers fight winter blues
WASHINGTON (Reuters) - U.S. retail sales rose unexpectedly last month despite heavy snow storms and a drop in vehicle purchases by consumers spooked by Toyota recalls, bolstering hopes of a sustainable economic recovery.
Obama to tap Yellen for Fed vice chair: source
Iraq's election race tight as results delayed again
Provopoulos backs call to rethink ECB collateral rules
UBS urges parliament to back U.S. tax deal: report
KKR files for long-awaited NYSE listing
» More Top News
The big guns fire back
The Wall Street behemoths that came close to collapse in the financial crisis are back and pushing aside the boutiques that made a killing during the turmoil. Full Article
BofA chief must now walk the walk
"The Big Short": An unsettling read
Live Chat: Michael Lewis answers your questions on March 16th
Banks
Reuters Breakingviews:
Repo 105: Lehman's poison
The autopsy of Lehman Brothers appears to have found many causes of death, including balance-sheet shenanigans, hubris, and a poison called Repo 105. Commentary
Accounting gimmicks in demise
Graphic: A look at "Repo 105"
Buffett kept distance from Lehman
Regulatory News
© Copyright 2010 Thomson Reuters
Editorial Editions:
Africa
Arabic
Argentina
Brazil
Canada
China
France
Germany
India
Italy
Japan
Latin America
Mexico
Russia
Spain
United Kingdom
United States
Reuters
Contact Us
Advertise With Us
Help
Journalism Handbook
Archive
Site Index
Video Index
Analyst Research
Mobile
Newsletters
RSS
Podcasts
Widgets
Your View
Labs
Thomson Reuters
Copyright
Disclaimer
Privacy
Professional Products
Professional Products Support
Financial Products
About Thomson Reuters
Careers
Online Products
Acquisitions Monthly
Buyouts.com
Buyouts Europe:
Buyouts Conferences:
Venture Capital Journal
EVCJ
International Financing Review
International Securitisation Report
Project Finance International
PEhub.com
PE Week
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
Other News on Friday, 12 March 2010 Iraq PM in tight contest with ex-premier for poll lead
Stolen Swiss bank data at HSBC hits 24,000 clients
Maliki leads vote count in two mainly Shiite provinces
Media need multiple platforms, revenue streams to thrive
Sweden to extradite ex neo-Nazi for Auschwitz theft
Over 170 Chinese consumers file complaints on HP laptops
China lawmakers test out microblogging
Cyber-attack shut 150 Montenegrin websites
U.S. human rights report hits China, Iran
|
Over 170 Chinese consumers file complaints on HP laptops
China lawmakers test out microblogging
China rights record worsening in areas: US
Turkey recalls envoy to Sweden over Armenia vote
|
Lithuania marks landmark 1990 split that doomed Soviet Union
New York Man New King of "Kong"
Colombian rebels give hostage handover coordinates
|
Club-Goer Calls 911 After Cops Confiscate Keys
China rights record worsening in areas: US
Australia face Germany in World Cup final
Two kidnapped foreign aid workers freed in Haiti
|
Kenya thanks Japan prince for climate support
Senator Dodd To Release Own Financial Reform Package
Thailand braces for anti-government protest
Dutch nurses: Care does not include sex
|
Japan set to arrest anti-whaling activist: reports
Sout Africa may face power cuts without loan
|
Cambodian MPs approve long-awaited corruption law
U.S. Expresses Disappointment In Myanmar Election Laws
Myanmar's Suu Kyi calls for united response to 'unjust' law
China steps up security crackdown in Tibet
U.S. Trade Deficit Shrinks In January
Meningitis Claims Life Of Oklahoma Student
Samsung unveils world's first 3-D LED TV sets
McDonnell Issues Directive Reversing Attorney General's Letter On Gay Discrimination
Prosecutor Asks Public For IDs To Hundreds Of Photos By Serial Killer
Malaysia studying new regional trade pact with US
China's February inflation accelerates
Myanmar's Suu Kyi denounces new election laws
3rd Tokyo airport opens to fanfare and criticism
Indonesia arrests 2 Malaysians on $10M drug haul
"American Idol" Alum Scott MacIntyre Pulls "Heartstrings" On New Album
Italian Police, FBI Nab 27 Suspects In Trans-Atlantic Mafia Sweep
Sony unveils motion-sensing controller for PS3 consoles
Mexico women to wed in first for Latin America
Life's no beach for Greece's crisis-hit tourism sector
US-ENTERTAINMENT Summary
Briton tells of torture during Iraq kidnap ordeal
Venezuela-bound ETA suspect held in Portugal
FCC releases Internet speed test tool
Iraq results trickle out, Maliki rivals cry fraud
|
Biden appeals for Mideast peace talks without delay
Web will be 'critical' revenue source for Times: publisher
Iraq results trickle out, Maliki rivals cry fraud
Battle for human rights increasingly fought on Internet: US
Witness: Battlefield dead haunt U.S. Marines and Afghans alike
|
Rights group puts Australia on Internet watchlist
Text message erasing application goes international
Cabinet shake-up tests Taiwan's pro-China president
|
Conan O'Brien Officially Announces 32-City Tour
Second Season Of Starz Comedy "Party Down" Premieres In April
"Food Wars" Heads To Kansas To Settle Fried Chicken Feud
Congress Closer To Health Care Reform But Snags On Abortion
Salary Unchanged, Buffett Takes Home $100,000 For 29th Year
Gulf State Airlines Shine in Global Passenger Survey
Pacific Sunwear Reports Larger Q4 Loss On Falling Sales
Climate change pushing bird species 'towards extinction:' US
U.S. Markets Press 2010 Highs As Banks Rally
Lithuania commemorates split that doomed Soviet Union
Obama Faith Initiative Recommends Reforms For Bush Era Funding Office
Australian navy faces inquiry in alleged sex ring
Obama Nobel Peace Prize Money Goes To Minority Organizations
Fed. appeals court upholds 'under God' in pledge
Lesbian teen in prom flap sues, returns to school
Israel seeks to patch up row over settlement plans
U.S. raises rights concerns in Russian North Caucasus
Roads to protect Angkor from fires
Saudi, UAE ready to press China on Iran sanctions: US
U.S. human rights report hits China, Iran
Mexico's first gay couples wed under landmark law
|
Tibetan protesters jailed without trial in Nepal
NGOs in China say threatened by new donor rules
Torture, abuse mark Uzbekistan's rights record: U.S.
|
Indonesian police kill 2 suspected militants
Cabinet shake-up tests Taiwan's pro-China president
Seoul shares rise; Asiana losses cap gains
Thai protesters start bid to topple government
S.Korea may appoint new c.bank head in late March
Taiwan minister resigns over death penalty row
China condemned for denying visa to HIV+ writer
Somali tied to Islamists worked with two U.N. agencies
|
Indonesian police say 2 suspected militants killed
Air China to raise over $950 mln in share issue
Hyundai chairman's son gets seat on the board
Lenovo says business will focus on mobile Internet
Japan PM calls for 'firm steps' against strong yen
PAKISTAN
Club-Goer Calls 911 After Cops Confiscate Keys
Seoul shares up on techs; China caution weighs
Skydiver Survives 3,000-Foot Freefall With Minor Injuries
Providence Police Force Threatens To Sue Mayor Over Random Drug Tests
Korea Hot Stocks-Samsung Card up on Samsung Life IPO approval
Baby Elephant's Live Birth Surprises Australian Zoo Officials
S.Korea KOGAS Feb LNG sales up 26 pct on year
Nude Burglar Just Needed Place To Sleep
Romania Town Puts Up 'Drunk Pedestrian' Traffic Signs
"Last Tree" Not Payment Enough To Keep Man Out Of Jail
Heli-skiing back in Kashmir as violence dips
Fox mulling "Avatar" summer re-release
FCC releases Internet speed test tool
|
"Matrix" bad guy eyes "Captain America" villain
Sequels, reboots bring sizzle to summer box office
Slain Islamist militant leader buried in Indonesia
"Love Never Dies" a brilliant sequel to "Phantom"
Alleged Bali bomber Hambali seeks Guantanamo release
Yulia, a Cossack chief in a man's world
4 at Hong Kong broadcaster arrested in graft case
"Alice" set to stay No. 1 at box office
Football and TV star Merlin Olsen dies aged 69
Glenn Close has genes mapped
O'Brien shakes off Tonight Show, hits the road
|
Fox mulling Avatar summer re-release
|
Betty White set to host Saturday Night Live
|
Matrix bad guy eyes Captain America villain
|
Sequels, reboots bring sizzle to summer box office
|
Glenn Close has genes mapped
|
New Matt Damon movie may bring Iraq war into mainstream
|
Alice set to stay No. 1 at box office
|
TBS casts actresses for Security drama pilot
|
Football and TV star Merlin Olsen dies aged 69
|
Israel seals off West Bank amid heightened tension
British Airways cabin crew to strike in late March
Pope meets German bishop over abuse scandal
Iraq opposition alleges 'flagrant' election fraud
Confrontations, anger in Jerusalem over building
|
France's Sarkozy in Britain for talks on economy
$657mln deal for sick Ground Zero workers
Israel orders army to seal off West Bank for 48 hours
Old and new converge in rising British Conservative
|
Family Hires Lawyer After Daughter Assualted In School Bathroom
Texas Executes Cop Killer In 2000 Crime Spree
Thai protesters start bid to topple government
|
NY Attorney General Recuses Himself From Paterson Investigation
Police Looking For Satanic Artist Who Defaced Church
Mississippi Man Spots Jesus Among The Nuts
U.S. man arrested in Yemen worked in nuclear plants
|
Twiggy's London Fashion To Launch On HSN
Suicide blasts in Pakistan's Lahore kill 45
|
Yoplait Greek Yogurt Team Up With "Clash Of The Titans"
Senate Majority Leader's Wife, Daughter Injured In Car Crash
British hostage endured mock executions in Iraq
|
Lehman failure 'fault of managers, banks, auditors'
Justin Timberlake's Clothing Brand Back To Non-Fur Collection
Vienna Boys Choir admits possible sexual abuses
|
Equine Artwork Going For Big Bucks
India, Russia to sign agreements
US slams rights abuses in China, N.Korea and Iran
Activist arrested over boarding Japan whaling ship
Grave likely holds East Timorese freedom fighters
Suicide blasts in Pakistan's Lahore kill 45
Friend: Suspected US al-Qaida member grew radical
Chinese zoo blamed for death of 11 Siberian tigers
Judge to hear plan to pay $657M to WTC responders
Two militants killed in Indonesian gunfight
Heavy rain causes severe flooding in Kazakhstan
China warns Google as Internet row deal seen soon
|
S.Korea to probe huge online data leak
Nokia, Apple seek patent trial in 2 years
|
Malaysia detains 93 Rohingya men at sea for month
Tea greases the wheels of Chinese politics
Chinese oil demand leaps, but top economies lag
Kazakhstan shakes up government to boost economy
UBS Taiwan plans $312 mln China,Russia equities fund
China to crack down on land misuse
China warns Google not to stop filtering web searches
LG to spend 1.3 billion dollars to expand plant
India industrial output surges in January
China tells US not to 'politicise' yuan policy
Indonesia landslide leaves 7 dead, 3 missing
TBS casts actresses for "Security" drama pilot
Showtime signs deal to air DreamWorks films
|
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights