InfoAnda - Thai turmoil to slam already reeling economy

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Mark Ruffalo wants academy voters to grow a pair | | 18 January 2011
France's Carrefour says plans 2010 entry into India | 20 February 2010
James Kirkland stops Alfredo Angulo in fight-of-year candidate | 6 November 2011

HTC reaffirms to appeal U.S. decision in Apple lawsuit: CFO | | 27 July 2011

">Forum Views () ">Forum Replies ()

Read more with google mobile : Thai turmoil to slam already reeling economy

Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: Thai turmoil to slam already reeling economy By MALCOLM FOSTER,AP Business Writer AP - Tuesday, April 14 BANGKOK - The violent showdown between protesters and security forces in Thailand's capital will slam the country's tourism industry, dealing another blow to an economy already bruised by the global slowdown, business leaders and officials said Monday. ADVERTISEMENT With Bangkok, the capital, under a state of emergency and thousands of anti-government protesters roaming its streets, Australia, China, France, Britain, South Korea, and the U.S. warned citizens in Thailand to stay indoors or cautioned against traveling to the country. Major shopping malls in central Bangkok were closed Monday as soldiers at various points around the city advanced on red-shirted protesters loyal to ousted premier Thaksin Shinawatra, firing weapons into the air. The turmoil, combined with the fallout from the airport shutdown late last year, will likely slash tourism revenue by a third from 2008 _ or 200 billion baht ($5.6 billion) _ as foreigners shun the country, said Kongkrit Hiranyakit, chairman of the Tourism Council of Thailand. That could lead to 200,000 jobs lost at hotels and other travel businesses, he said. All told, Thailand's tourism industry directly employs about 2 million people. "This is very serious," Kongkrit said. "I've never seen anything like this." The upheaval is the latest blow to Thailand's economy and international reputation, coming just five months after rival protesters _ clad in yellow to symbolize devotion to Thailand's king _ occupied Bangkok's two main airports for about a week, stranding tens of thousands of tourists and blocking shipments. "This is our first time here, so coming into this mess, it's shocking," said Georg Brandmayr, a 29-year-old Austrian who arrived with his girlfriend Sunday. "We saw a burning bus and lots of soldiers with guns." They were moving to a hotel further away from the chaos, but still planning to travel to the northern city of Chiang Mai and return to Bangkok later this week. Despite the crackdown, authorities had only partial success in dispersing the protesters, who are demanding the resignation of Prime Minister Abhisit Vejjajiva just four months into his rule. More than 70 people have been injured. Dozens of Western tourists were seen rushing out of Bangkok hotels with their suitcases Monday morning and piling into taxis to flee. The turmoil is also likely to give pause to foreign businesses considering building factories or making other investments in the country. "New industries such as automobile, auto parts, electronic parts, and food may look at other countries," said Santi Vilassakdanont, president of the Federal of Thai Industries. "It's possible that they may change the manufacturing base." Santi said he was fielding many calls from investors, including from China and Japan, about the government's policies and country's stability and security. Thailand's export-dependent economy, Southeast Asia's second-largest after Indonesia, is already contracting as demand dries up for autos, electronics and other goods. The World Bank earlier this month projected that Thailand's economy would contract 2.7 percent this year after growing 2.6 percent last year. Thailand's long-running political crisis intensified over the weekend, when more than 1,000 anti-government protesters stormed a convention center in the beach resort of Pattaya, forcing the abrupt cancellation of a 16-nation Asian summit. Asian leaders, who were evacuated by helicopter from the venue, are from nations that represent about 60 percent of Thailand's visitors, said Kongkrit. Already, "there are a lot of cancellations, and those (tourists) in Bangkok want to move to the countryside," said Apichart Sankary, president of the Association of Thai Travel Agents. Some travelers are heading home early amid concerns that the airport might be closed again, he said. Apichart called for political reconciliation _ and for a nationwide apology from the Thai people to the nations at the Asian summit. "If we don't have unity, people don't want to come," he said. Email Story IM Story Printable View Blog This Recommend this article 0 users recommend Sign in to recommend this article » Most Recommended Stories » Related Articles: China's Economy Thailand's turmoil to slam already reeling economyAP - 1 hour 20 minutes ago Wall Street opens moderately lowerAP - 2 hours 6 minutes ago China's economy shows signs of recoveryAP - Tuesday, April 14 Thai turmoil to slam already reeling economyAP - Tuesday, April 14 Related Articles: Business Thailand's turmoil to slam already reeling economyAP - 1 hour 20 minutes ago GULF STOCKS-Most Gulf markets rise as banks lead gainersReuters - 1 hour 25 minutes ago HIGHLIGHTS-Tech Mahindra executives on Satyam bidReuters - 1 hour 38 minutes ago Boeing shares fall on production cut worriesReuters - 1 hour 40 minutes ago Tech Mahindra to sell $120 mln bonds-sourcesReuters - 1 hour 43 minutes ago Related Full Coverage China Economy china economy All Full Coverage Most Popular – Business Viewed Mummies found in ancient Egypt burial chamber Harry Potter actor arrested over cannabis find Swedish church unveils Lego Jesus statue for Easter US govt tells GM to prepare for bankruptcy filing Soldiers get a taste of Afghanistan in US training View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

Other News on Monday, 13 April 2009
Cuba readies for possible influx of U.S. tourists | International |
Hannah Montana rocks North American box office | Entertainment |
Thai army cracks down on anti-government protesters | International |
Sudan kidnappers threaten to kill aid workers
U.S. Navy rescues captain and kills Somali pirates | International |
Iraq's embattled Christians celebrate Easter
On jumpy Lebanon-Israel frontier, a quiet drug war
Afghan villagers say air strike kills civilians | International |
Russia's Lukoil to send team to Iraq for talks
China sets human rights agenda for sensitive year | International |
Iraqi lawmakers decry move against cartoonist
US govt tells GM to prepare for bankruptcy filing
Soldiers get a taste of Afghanistan in US training
British Telecom to slash 10,000 jobs: report
Maoists shut down mine in eastern India, 14 dead | International |
Switzerland 'to hit back' at OECD in tax row
Indonesia president's party may extend Golkar tieup | International |
Swedish church unveils Lego Jesus statue for Easter
Bolivia's Morales to keep up hunger strike protest | International |
US Al-Qaeda member urges support for jihadists
Bodies of US troops killed in Iraq arrive home
US weighing where to charge captured Somali pirate
US general Odierno: Iraq violence low
US-TECH Summary
US military deaths in Iraq war at 4,272
South Africa's campaigns embrace technology
Obama twice approved force to rescue hostage
EBay buys Korean rival's stake for $413 million: report | Technology |
Commander: Pirates' deaths could escalate violence
Officer: Split-second decision to fire on pirates
British PM faces tough questions over 'smeargate'
Florence Cassez's lawyer ready to go before ICC
11 police, 4 rebels killed after Indian mine siege
Fiji's media dark under political news blackout
Dragonball Evolution a backward step | Entertainment |
Thai army cracks down on protesters
Star Wars: Musical Journey out of this world | Entertainment |
Japan whaling fleet returns to port after clashes
NBC sees some hope with Thursday premieres | Entertainment |
China sets human rights agenda for sensitive year
Bitter pill: Showtime passes on Tim Robbins drama | Entertainment |
Gunfire heard, water cannons fired in Bangkok
TNT cancels ad-agency drama Trust Me | Entertainment |
Taiwan working with China on WHA status
Grisly sights at Sydney's Museum of Human Disease
Seoul shares end up helped by autos, shupbuilders
Heavy fog delays China helicopter rescue
NBC sees some hope with Thursday premieres
S.Korean won ends up 0.3 pct on EBay news
Sri Lanka suspends offensive for 2 days
Bids are in for India's troubled Satyam
China eyes new stimulus to boost spending
China to allow banks to start insurance units
China: industrial output up 8.3 percent in March
Japan wholesale prices log fastest drop since 2002
US charities take double blow as economy slows
Taiwan dollar up on stocks amid slow trade
US-ENTERTAINMENT Summary
S.Korea banks' loan delinquency ratio falls in Mar
"Dragonball Evolution" a backward step
China holds up Lucite takeover: Mitsubishi Rayon
Richard Price, T.C. Boyle elected to arts academy
Amazon 'glitch' removes sales rank from gay books
British adventurer abandons Antarctic rowing bid
NBC sees some hope with Thursday premieres
Bitter pill: Showtime passes on Tim Robbins drama
TNT cancels ad-agency drama "Trust Me"
'Hannah Montana' teenybops to top of box office
Four Lebanese soldiers killed
Gaza boat explodes in apparent attack, no injuries
Iran says it's open to nuclear dialogue with powers | International |
Pakistani Taliban begin imposing rule in new area | International |
Iran says it welcomes nuclear talks with West
Police nab Norwegian pair during high-speed sex
Georgia protesters intensify push to oust president | International |
Turkey detains 18 over links to government plot case | International |
Vague Russia pledge on no S-300 to Iran: Israelis | International |
Sudan's Bashir hails Obama's overture to Islamic world | International |
India digs for votes with job plan: Will it work? | International |
Iran tells EU official ready for nuclear talks
US sergeant pleads not guilty to murder in Iraq
Microsoft, Discovery in online advertising deal | Technology |
Sri Lanka suspends offensive for 2 days
Caine says career will fade away like old soldier | Entertainment |
Sri Lanka strips Norway of peace role
Hannah Montana rocks box office | Entertainment |
Japan supports US goal to eliminate nuclear arms
Thai soldiers spray gunfire, tear gas at protest
Norway no longer Sri Lankan peace mediator
Kazakh deputy defense minister arrested
Japan deports Filipinos in immigration row, daughter stays
China's economy shows signs of recovery
No conditions on US aid
Thai turmoil to slam already reeling economy
China pledges to improve human rights
India outsourcing firm buys stake in Satyam
'Deep concern' after Fiji throws out journalists
SE Asian cities 'facing hotel room glut'
Habib, MCB eyeing RBS Pakistan unit
Asian markets up as dealers remain confident
18-month sentence sought for SKorean blogger
Kazakhs, China in talks over stake in oil producer
Final auction of scandal-hit dairy's assets fails
Japan ends import duties on Hynix memory chips
Caine says career will fade away like old soldier
"Hannah Montana" rocks box office
Hannah Montana tops box office with $34 million
Concert pays tribute to Marian Anderson
Low-caste Indians hold high cards in election
Indonesia imposes new law on airliners
Indonesia president's party eyes pact with Golkar
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

USD EUR - 1 year graph		BlogMeter 1.01