Koon Thaveepat is in danger of losing his pickup truck and his livelihood. He’s behind on loan payments as Thailand’s anti-government protests delay state rice-purchase payments, threatening to plunge thousands of farmers deeper into debt.
Thai anti-government protesters said they plan to disrupt elections this weekend as part of a three- month campaign to unseat Prime Minister Yingluck Shinawatra and dismantle her brother’s political network.
Thailand’s economy grew at the slowest pace in almost two years last quarter as political unrest hurt local demand and tourism, increasing pressure on the central bank to cut interest rates and support expansion.
Bank of Thailand Governor Prasarn Trairatvorakul comments on the impact of the global slowdown on the nation’s economy, inflation and the central bank’s deliberations before deciding on interest rates. He spoke in an Oct. 13 interview in Tokyo.
Thailand’s baht fell to a 12-week low and government bonds dropped as protesters seeking to oust Prime Minister Yingluck Shinawatra vowed more unrest after clashes left three dead in Bangkok at the weekend.