InfoAnda - Thailand maintains growth projections despite riots |

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

Thousands of Italian students rally against austerity in Rome | | 24 November 2012
China Mobile says profit up 1.1 percent | 20 April 2010
Home WiFi gives 30 percent slower connection | 8 May 2012

Stress on economy as China holds annual meetings | 4 March 2010

Forum Views () Forum Replies ()

Read more with google mobile : Thailand maintains growth projections despite riots |

Edition: U.S. Article Comments (2) Slideshow Video Save Email Print Reprints Most Popular Most Shared Duchess of York apologizes over newspaper sting 1:17am EDT UPDATE 1-'Shrek' sequel underperforms at box office 23 May 2010 Australia expels Israeli diplomat over Dubai hit 12:53am EDT WRAPUP 1-Pressure piles on BP as Gulf spill widens 1:04am EDT Jamaica declares emergency in capital after attacks 23 May 2010 China avoids commitment to U.S. on currency | Video 3:01am EDT Obama tells military: prepare for North Korea aggression 2:05am EDT Thailand maintains growth projections despite riots | Video 3:06am EDT Seoul shares down amid N.Korea tension;shipyards up 23 May 2010 U.S. drops criminal probe of AIG executives 22 May 2010 U.S. reverses stance on treaty to regulate arms trade 14 Oct 2009 Jamaica declares emergency in capital after attacks 23 May 2010 China avoids commitment to U.S. on currency | Video 3:01am EDT Obama tells military: prepare for North Korea aggression 2:05am EDT Australia expels Israeli diplomat over Dubai hit 12:53am EDT "Sex and the City" sequel better than first one 23 May 2010 Imagenetix Enters into Business Relationship with MonaVie PR Newswire 02 Jun 2008 Red Bull drink lifts stroke risk: Australian study 14 Aug 2008 U.S. drops criminal probe of AIG executives 22 May 2010 Thailand maintains growth projections despite riots | Video 3:06am EDT Thailand maintains growth projections despite riots Ambika Ahuja BANGKOK Mon May 24, 2010 3:06am EDT Related News Bangkok residents sweep away remnants of riots Sun, May 23 2010 Related Video Bangkok, under curfew, cleans up Sat, May 22 2010 < 1 / 4 > View Full Size BANGKOK (Reuters) - Thailand expects resilient economic growth for the year, despite the worst political mayhem in its modern history and political uncertainties ahead, as battle-scarred Bangkok re-opened for business on Monday. World | Thailand The government reported quarterly economic growth of 3.8 percent in the first quarter, double market expectations of 1.8 percent, but analysts said output over the rest of the year would be hostage to the likelihood of more violence. "Investors may be temporarily relieved that a semblance of normalcy has returned, but the political risk remains high and investors will likely be cautious," said Warut Siwasariyanon, head of research at Finansia Syrus Securities in Bangkok. "The big, underlying conflict is still there and the wound is deeper than ever, even as the roads have been wiped clean." At least 54 people were killed in Bangkok and more than 400 injured in the latest bout of violence that began on May 14. Almost 40 buildings were set on fire last week as the army dispersed thousands of anti-government protesters who had taken over the commercial heart of the city for months. But the crisis has not been resolved and "red shirt" protesters plan to resume their campaign for new elections next month. The state planning agency said the 2010 growth forecast was being maintained at 3.5-4.5 percent. But the forecast would have been 1.5 percent higher if not for the two-month protest in central Bangkok that paralyzed business, decimated the vital tourism industry and depressed consumer spending, the agency said. RATES ON HOLD? Thailand's $264 billion economy grew 12 percent in the first quarter of 2010 from a year earlier, its best rate in 15 years, beating the consensus of 8.9 percent due to a surge in exports and a low base last year. "Outstanding first-quarter growth was much anticipated but I think what we have to keep an eye on is the second-quarter growth, which will seriously take a hit from political violence in Bangkok," said Pimonwan Mahujchariyawong, an economist at Kasikorn Research Center in Bangkok. Economists said the disruption to the economy could also persuade the central bank to leave interest rates on hold at a record low 1.25 percent at its next review on June 2. But, with the protests over, most expect rates to start rising, perhaps from July or August. Thai bond yields jumped in early trading after an enforced two-day break as the market began to price in a rate rise, traders said. In early deals, benchmark five-year bond yields rose eight basis points to 3.20 percent. Thailand's five-year credit default swaps, the cost of insuring against a sovereign default, narrowed 10 basis points to 150/160, from a one-year high of 165/175 reached last week as violence escalated between troops and protesters. The baht firmed slightly, but Thai stocks were off 2.3 percent at the midday break, with retail, tourism-related and hotel shares taking the brunt. Central Pattana, which operates Central World, Southeast Asia's second largest department store that was burned down in the riots, dropped 8 percent although the company said it expected no significant impact since it was covered by insurance. Erawan Group PCL, which operates two Bangkok hotels -- Grand Hyatt Erawan and Courtyard by Marriott -- was down about 1.8 percent. Erawan said revenue during April and May would drop 150 million baht ($4.6 million) from last year due to the impact of the protests. The government said it had received complaints of damage totaling 4.8 billion baht ($148 million) from at least 2,900 individual businesses in central Bangkok. "This is just an initial estimate based on complaints," said Sathit Wongnongtoey, a minister in the prime minister's office. "But in the long-term, we may have to consider low-interest loans to small businesses which are affected." On Monday, however, the city of 15 million appeared to be operating as usual, at least on the surface. Both metropolitan train services, the Skytrain and the underground, were running after starting skeletal service over the weekend following disruptions during the protests. Trains were crowded, but with enough space to stand comfortably, even in morning rush hour. Government offices and some schools reopened, but a night curfew in the city and 23 provinces remained. "You look around and it feels like nothing has happened," said Dao Pipirom, a 35-year-old market researcher whose apartment is in the business district. "Life goes on as normal now." "But I still get very agitated when I hear loud noise. I keep thinking it's another grenade blast or gunshot." (Writing by Raju Gopalakrishnan; Editing by Bill Tarrant) World Thailand Comments See All Comments (2) | Post Comment May 23, 2010 11:54pm EDT every rainy and winter season, those people asking help from bangkok for food, cloth, money, and bangkok give them every year. this year they came to bangkok, they burn bangkok, then they leave, and city of bangkok have to clean up their mess, rebuild our town. and! we keep telling each other to forgive them. ask! since bangkok became a capital of thailand more than 200 years ago. if those out side of bangkok ever offer help when bangkok really need it? not even one we got help! ask! do the red-shirt will tell each other to forgive and try to talk for better understanding as bangkok resident is now telling each other? ha! we will see, but by far, didn’t the news just said they will resume protest outside of bangkok? blackout Report As Abusive May 24, 2010 2:38am EDT More Photos from the “Big Cleaning Day” http://www.flickr.com/photos/angelidarling/ angelidarling Report As Abusive See All Comments (2) Add a Comment *We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language or appear to be spam and review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. © 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 Venture Capital Journal International Financing Review 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 Monday, 24 May 2010
New Turkish secularist party leader sacks old guard
Fresh appeals lodged in Iraqi election impasse |
Iran will ditch fuel plan if new sanctions
New Turkish secularist party leader sacks old guard |
Fresh appeals lodged in Iraqi election impasse
Man sentenced to death in Iraq for Russian killings |
Iran says U.S. "hikers" spies, proposes prisoner swap
Rebel Nagorno-Karabakh holds parliamentary vote |
Iran's IAEA envoy says not handed over fuel swap letter
Gunmen torch UN camp for Gaza children
Thai film wins top prize at Cannes
Relatives: 3 Pakistanis innocent in Times Sq. case
Sprint shares could rise on 4G phone: Barron's |
Thai film takes Cannes top prize
Russia gives U.S. Afghan drugs data, criticises NATO
Yemen cleric urges US army Muslims to kill comrades
Pakistanis angry over detentions in Times Sq. case
US has uphill struggle in key talks with China
Insurgents attack NATO's southern Afghan base
Clinton briefs China on S.Korean warship sinking
Afghan peace conference delayed for 2nd time
Jihadis make their way to Pakistan training areas
South Korea to take ship case to U.N
Thai film surprise winner in Cannes |
US-ENTERTAINMENT Summary
Lost fans gear up for series finale |
Thai film surprise winner in Cannes
French farmers turn Champs Elysees green
Shrek sequel underperforms at box office |
French rocker Hallyday goes home for medical tests |
Thai film 'Uncle Boonmee' takes Cannes top prize
France's Juliette Binoche takes Cannes best actress prize
"Lost" fans gear up for series finale
Indonesia's Democratic Party elects new head
"Shrek" sequel underperforms at box office
Darfur rebels say release 63 government soldiers
Putin party embarrassed by local poll debacle
Facebook founder out to fix "a bunch of mistakes"
Two Koreas snarl at each other as tensions rise |
Syria defies Western pressure over Hezbollah
Britain's coalition sets out plan to cut record deficit
Sprint shares could rise on 4G phone: Barron's
Britain's Duchess of York apologises after paper sting
Thailand maintains growth projections despite riots |
Man sentenced to death in Iraq for Russian killings
Air passengers face misery as BA strike starts
Dutch to hold first European Somali pirate trial
Spanish PM vows to stay firm on cuts despite strike threat
Jamaica declares emergency in capital after attacks |
Anger mounts as oil blackens Louisiana marshes, beaches
Australia expels Israeli diplomat over Dubai hit |
Duchess of York apologizes over newspaper sting |
Militants attack U.N. Gaza summer camp |
Iran executes brother of rebel leader Rigi: IRNA |
South Korea's Lee says to take North to Security Council |
Jamaica PM vows tough response to gang violence
Bangkok gets back to business after protests
US threatens to take control of BP spill
India PM: "major effort" in Indo-Pakistan talks
Jamaica crackdown: women, children ordered away
India PM hopes for progress on inflation and Pakistan
Lee: NKorea must pay for torpedo attack on warship
India PM: 'trust deficit' in way of Pakistan ties
HK Democrats meet Chinese official for first time
Philippine boxing star Pacquiao hospitalized
Surreal Thai film wins Cannes gold for Asia
Australia moves to expel Israeli diplomat
Tata Motors orders checks on Nanos after fires
Pakistani c.bank sells 12.5 bln rupees of T-bills
WRAPUP 4-Two Koreas snarl at each other, tensions rise
Seoul shares turn up on steelmakers, shipyards
Hu says China to hold firm on yuan policy
Reliance, RNRL shares up after Ambanis call truce
Bargain hunting drives Asia stocks higher
China presses US to end tech export controls
"Robin Hood" holds on to No. 1 overseas
China backs exchange rate reforms but no timetable
The undead live on through George Romero
PAKISTAN
Ailing rocker Bret Michaels wins "Celebrity Apprentice"
Thai Cannes winner steeped in spiritualism
Gumbo, oyster delicacies could be next victims of oil slick
Indonesian worker bitten by Komodo dragon
Hemp backers try to escape shadow of marijuana
Rolling Stones return to top of album chart
3-D Shrek knocks Iron Man off North American box office top spot
Lost leaves fans with still more questions |
Ailing rocker Bret Michaels wins Celebrity Apprentice |
The undead live on through George Romero |
Thai Cannes winner steeped in spiritualism |
Robin Hood holds on to No. 1 overseas |
Lindsay Lohan back in LA for Monday court showdown |
Iran outlines nuclear fuel swap plan to U.N. watchdog
Rescue of Spain bank 'could cost' 2.7 bln euros
Iran notifies UN nuclear watchdog of fuel deal
Iran urges skeptical powers to accept atom swap offer |
US-TECH Summary
Flights misery as BA cabin crew launch strike
Iran hands over response to fuel deal to IAEA
Samsung, Sony chiefs may discuss 3D TV deals, LCD supplies
Japanese team discovers 'super disc' material
Iran executes brother of Sunni rebel leader Rigi
BP Reveals Less Oil Is Being Siphoned Than Reported
Large fire breaks out in Myanmar market complex |
Museums Salute Military Families With Free Admission
Man Falls Off Cliff Trying To Grab Cell Phone
Slovak opposition KDH bets on right-wing coalition |
Trial Begins Of Chicago Cop Accused Of Torture
Arctic Sea Ice Melt Parallels 2007 Record Low Level
Israel denies report on nuclear arms sale offer |
Three Dead, 3 Injured In Freeway Collisions In Southern California
Ethiopia's Meles expected to win election |
Report: Childhood Mortality Rates Declining
EU aid to Palestinians may shrink if talks fail |
Bret Michaels Wins “Celebrity Apprentice”
Afghans: 7 arrests in deaths of 6 NATO troops
Harvey Milk Day Celebrated 32 Years After His Death
Li displeased despite French Open first round win
Yemen tribesmen kidnap US couple
Samsung, Sony chiefs may discuss 3D TV deals, LCD supplies
Djou Becomes First Republican To Win Honolulu Congressional Seat In 20 Years
HK Democrats meet Chinese official for first time
With US support, SKorea cuts trade with North
Thailand maintains growth projections despite riots
Philippines' Aquino not ready to quit smoking
Nokia and Yahoo in maps, e-mail deal |
S.Korea cuts trade, sea lanes with North
Samsung, Sony chiefs may discuss 3D TV deals, LCD supplies |
US presses China on N.Korea as key talks open
Fire rages at major market in Yangon in Myanmar
Pakistan keeps policy rate unchanged at 12.5 percent
GM China joint venture to boost capacity 50% by 2012
Pakistan keeps policy rate unchaged at 12.5 pct
China, US open trade-focused talks
Nissan Motors to sell Micra in India
SK Energy to run lower-emission cracker from Oct
Cannes 2010 awards ceremony
Thai economy grows but unrest to crimp expansion
Boring or beautiful? Cannes winner splits critics
Afghan farmers at war's epicentre play both sides
Brittany Murphy's husband found dead in Los Angeles |
Boring or beautiful? Cannes winner splits critics |
Jessica Simpson wins ban on exercise video |
Serbia dreams of becoming movie hotspot |
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	VPN on MacOSX	BlogMeter 1.01