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.
Thailand's economy was already struggling before the country's military seized power in a bloodless coup Thursday, saying it needed to restore order after six months of protests aimed at ousting the elected government. The military takeover, the second since 2006, could ensure stability in the short term. But analysts fear the army's intervention will result in Thailand's political divide becoming even sharper, holding back the economy and living standards in the longer run.
Late Breaking: Thai junta forbids former leaders from leaving country. Thailand's ruling military on Friday summoned the entire ousted government and members of the politically influential family at the heart of the country's long-running conflict, a day after it seized control of this volatile Southeast Asian nation in a non-violent coup.1 Comment
Thailand's military hosted ground-breaking talks Wednesday between warring political rivals after imposing martial law to prevent the deeply divided kingdom degenerating into another “Ukraine or Egypt.”
Thailand's military called crisis talks Wednesday between warring political rivals, vowing to stop the kingdom degenerating into another "Ukraine or Egypt" after imposing martial law to suppress months of street bloodshed.
Thailand's army chief imposed martial law Tuesday after months of deadly anti-government protests caused political paralysis, but insisted the intervention did not amount to yet another military coup.
Thailand's biggest investor Japan on Tuesday expressed “grave concerns” after the army imposed martial law, with the United States saying it must only be “temporary” as multinational firms monitored events nervously.
Thailand's army declared martial law before dawn Tuesday in a surprise announcement it said was aimed at keeping the country stable after six months of sometimes violent political unrest. The military, however, denied a coup d'etat was underway.
Thai opposition protesters suffered a setback Friday in their long-running battle to topple the government as the upper house of parliament shunned their call to pick an unelected premier.
The chief of Thailand's coup-prone army warned Thursday his troops “may use force” to quell political violence after three people were killed in a grenade and gun attack on protesters in Bangkok.