Thai soldiers swooped to detain a fugitive former cabinet minister on Tuesday after he emerged from hiding to become the first member of the ousted government to publicly denounce a military coup.
The military coup will neither restore investor confidence in Thailand nor help its economy to avoid a cut in its growth forecast this year of 2-3 percentage points from its pre-crisis 4.5 percent if the political impasse persists for the rest of the year, according to Moody's Investors Service. Moody's said in its updated “Credit Outlook” publication yesterday that last Thursday, the Army suspended the Constitution and ousted the government, two days after declaring martial law.
Thailand's coup leader received royal endorsement to lead the politically divided kingdom Monday and quickly issued a stark warning that he would brook no further opposition to his takeover following a weekend of angry protests.
Thailand's coup leader said Monday that the country's king had officially endorsed him to run the nation after the armed forces seized power last week. The announcement came one day after the junta warned protesters it was ready to crackdown on civilian opposition to its takeover.1 Comment
Thailand's ruling junta warned protesters it would not tolerate any further rallies against its coup after tense standoffs Sunday between soldiers and angry crowds in the capital Bangkok.1 Comment
To say it is delusional would be an understatement when one considers the explanation provided by the Army chief of what he think the military could achieve by launching this latest coup.
Thailand's military junta said on Saturday it had disbanded the Senate and placed all law-making authority in the army chief's hands, dramatically tightening its grip after a coup that has sparked Bangkok protests and drawn international condemnation.
Thailand's new military junta summoned the kingdom's ousted government leaders Friday and banned them from leaving the country, following a coup that has provoked an international outcry.
First Thailand's junta seized power, then they commandeered every TV channel for round-the-clock broadcasts of dour announcements and patriotic hymns. The public's verdict: DJ, please change the soundtrack.
Honda Motor said Friday it has cut production in its Thai plant by 40 percent, blaming a drop in demand, the day after the country's army chief seized power in a military coup.