Thai Prime Minister Yingluck Shinawatra’s administration is pushing the central bank to cut its key interest rate to slow foreign inflows that drove the baht to its strongest level in 16 years last month.
Worasit Sriburanasorn points to the spot where floodwaters overwhelmed a dike in central Thailand and left hundreds of factories submerged a year ago, part of a tour he now routinely gives to customers wary of returning.
Thai Prime Minister Abhisit Vejjajiva sought a royal decree today to dissolve parliament, paving the way for an election that will test political stability in a nation beset by protests since a 2006 coup.
Thailand’s five-week old government signaled it wants the nation’s central bank to stop raising interest rates as Prime Minister Yingluck Shinawatra seeks to stoke growth in Southeast Asia’s second-biggest economy.
Thai Prime Minister Abhisit Vejjajiva said his Democrat party would be happy if it won more than 200 seats in the country’s 500-seat parliament after it slipped in opinion polls ahead of July 3 elections due to rising prices.