Internet users in Thailand reported temporarily losing access to Facebook Inc., sparking speculation the social media site had been blocked by the military. At the same time, the junta that seized power a week ago released leaders from the Red Shirt movement opposed to the coup.
Thailand, the largest rubber exporter, reaffirmed a plan to drive local prices to 120 baht ($3.87) a kilogram by buying up supplies, while announcing its intention to push them as much as 50 percent higher than that.
Thailand’s baht rebounded from a seven-week low, stocks rose and bond risk fell as the government said it is willing to reopen talks on holding an early election to help bring an end to six days of gun battles in Bangkok.
Thai protesters camped in Bangkok’s commercial center planned another offensive this week to test security forces in their five-week campaign to pressure Prime Minister Abhisit Vejjajiva to dissolve parliament.
Thailand, Indonesia and Malaysia, representing about 70 percent of global natural-rubber supply, agreed steps to boost prices, said Yium Tavarolit, chief secretary of the International Rubber Consortium Ltd.
Thai anti-government protesters canceled a march and fortified their camp in central Bangkok after failing to attract large crowds a day after armed troops took up positions in a neighboring business district.
Thai Prime Minister Abhisit Vejjajiva proposed holding an election on Nov. 14 to his opponents as part of a reconciliation plan that may end eight weeks of deadly protests that have shut down Bangkok’s commercial center.
Thai anti-government protesters moved a step closer to ending two-months of rallies on Bangkok streets after the country’s deputy prime minister said he is willing to listen to criticism of his role in deadly clashes last month.