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Wednesday, 17 March 2010 - Thai red shirts take protest to PM's home |
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    Edition: U.S. Article Comments (0) Slideshow Video Save Email Print Reprints Most Popular Most Shared U.S. puts brakes on "virtual" border fence 16 Mar 2010 U.S. air travelers complain about body scans 16 Mar 2010 U.S. missile strikes kill 6 militants in Pakistan 12:35am EDT UPDATE 1-Fox to mine "Avatar" DVD release three times 16 Mar 2010 China digs in heels on yuan as U.S. raises pressure | Video 2:42am EDT UPDATE 1-Liberty ends WorldSpace radio deal talks 16 Mar 2010 Q+A-How closed are China's commodity futures market? 03 Sep 2009 Honda to recall 412,000 vehicles in U.S. for brakes 16 Mar 2010 Afghanistan confirms blanket pardon for war crimes 16 Mar 2010 U.S. puts brakes on "virtual" border fence 16 Mar 2010 Thai "red shirts" take protest to PM's home Chalathip Thirasoonthrakul BANGKOK Wed Mar 17, 2010 2:15am EDT Related News Q+A: Who are Thailand's "red shirts?" Mon, Mar 15 2010 Scenarios: Will Thailand's government ride out the storm? Mon, Mar 15 2010 Related Video Bloody protest in Thailand Tue, Mar 16 2010 Thai protesters splash blood < 1 / 31 > View Full Size BANGKOK (Reuters) - Thousands of anti-government protesters headed to the heavily guarded home of Thailand's prime minister on Wednesday in the fourth day of protests aimed at forcing him to call elections. World Despite the tensions, Thai stocks soared to a year-high and the baht currency reached a 21-month peak. Investors have been emboldened by the lack of violence in the opposition campaign so far and the view that Prime Minister Abhisit Vejjajiva would survive the crisis. Economists say the central bank will likely bring forward an expected interest rate rise that could have been delayed by unrest. Benchmark five-year bond yields dropped two basis points to 3.53 percent as prices rose. "The political event does not have as much teeth as expected," said Chakkrit Charoenmetachai, an analyst with Globlex Securities, adding that foreign money should continue to flow into Thai assets if the protest did not end in violence. But the supporters of ousted premier Thaksin Shinawatra are not letting up in their campaign for new elections. Wearing trademark red shirts and honking horns, singing folk songs and waving red flags, protesters on motorcycles and in pick-up trucks drove slowly toward Abhisit's house in an affluent Bangkok neighborhood where they planned to splash donated blood. The protesters say the pouring of their blood is a "symbolic sacrifice for democracy" after demands for elections were rejected. It is also bid to re-energize a movement that appears to be waning. Political analysts say a violent clash is still possible but looks increasingly unlikely. Abhisit has not stayed at his home since Friday and has instead taken refuge at a military base, keeping a low profile. On Tuesday, the "red shirts" poured bottles of their own blood -- about a teaspoon from each protester -- outside Abhisit's office and later at the headquarters of the premier's Democrat Party. The blood splashing followed an unorthodox ritual by a priest in white garb to curse the premier. 'NOT SURE WE WILL WIN' At the main rally site on a central Bangkok bridge, some "red shirts" were showing visible signs of fatigue after days of living on Bangkok's streets under scorching sun. Of up to 150,000 demonstrators who massed on Sunday night, many had left. Police say about 40,000 remained on Wednesday -- a number that is still relatively large compared to past protests. Despite days of fiery rhetoric by demonstrators on how the mainly rural "red shirts" have been marginalized by the military, urban elite and royalists who back Abhisit, some expressed frustration about the rally's lack of impact and clear direction. "I am still going every night but I am not sure we will win this time, especially without any real bloodshed," said Pitaya Boonkum, a Bangkok taxi driver from northeastern Roi-et province. "Red shirt" leaders, however, lauded the big show of support as a victory for their movement. "We have put concepts of class differences and double standards into the public's mind," Weng Tojirakarn, a protest leader, told Reuters. Veera Musikapong, another protest leader, said the group is considering what to do next. "Our utmost consideration is to the people. Our objective of toppling the government and the elite will be achieved peacefully even if it takes long." The twice-elected Thaksin was ousted in a military coup in 2006 and later sentenced in absentia to two years jail for graft. He fled into exile shortly before his sentence was passed and lives mainly in Dubai, but is now thought to be in Europe. Analysts said a drop in numbers may force the leaders to start looking for ways to end the rally. "It's tricky for them. They have to do it in a way that does not embarrass the leaders and disappoint participants too much because that could undermine their credibility among their own supporters," said political scientist Somjai Phagaphasvivat. "But in the long term, (keeping the rally peaceful) helps their image, especially among the public who are on the fence -- people who agree with their cause but have been reluctant to join because they do not support Thaksin and disagree with violence." ($1=32.55 Baht) (Writing by Ambika Ahuja; Additional reporting by Ploy Ten Kate; Editing by Jason Szep and Raju Gopalakrishnan) World     Add a Comment More from Reuters China digs in heels on yuan as U.S. raises pressure BEIJING (Reuters) - China said on Wednesday it "could not be any clearer" in its repeated commitment to a stable exchange rate after the U.S. Congress threatened to levy duties on some Chinese exports unless it revalues its currency. | Video Intel, global chip shares jump China in "great leap forward" for gas Arrow to soon respond on Shell, PetroChina offer: source World Bank tells China to tighten policy U.S. puts brakes on "virtual" border fence » More Top News Advertisers warn Google Google's ad partners in China want to know more about the Internet giant's plans in the country, saying they'll seek compensation if it shuts its Chinese portal.   Full Article  Schools in hacking case ask "why us?" Google sees big mobile ad growth Google Goldman's dilemma Goldman Sachs couldn't hand back its bank charter and shake off Fed policing even if it wanted to. That's a shame, analysts say.  Full Article  Senate panel seen approving reform Dodd boosts Fed in financial reforms Regulation © 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.

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