Bangkok’s Democracy Monument was erected to commemorate the 1932 coup that ended Thailand’s seven-century reign of kings, and became a rallying point last year for protesters seeking to oust the government. Now, the landmark’s builder is going abroad for the first time in its 84- year history as political instability saps demand at home.
Supporters of Thailand’s embattled Prime Minister Yingluck Shinawatra plan to rally in the hundreds of thousands in Bangkok, a show of force they said is aimed at those plotting the government’s ouster.
Two Thai soldiers were wounded last night in what appeared to be a gun and grenade attack in Bangkok near the besieged Government House, as groups both supporting and opposing the government demonstrated in the city.
Thailand’s Constitutional Court agreed to hear a case accusing Prime Minister Yingluck Shinawatra of violating the charter by transferring a security official, providing another potential avenue for her ouster.
The latest casualty of Thailand’s five-month political deadlock may be foreign investment, as project approvals face delays and new investors hesitate to commit funds, the head of the investment promotion board said.
Thai voters went to the polls yesterday to select half of the nation’s Senate, without facing opposition from protesters who derailed a general election on Feb. 2 and have vowed to disrupt any future vote.
Thailand’s finance ministry cut its forecast for economic growth for the third time in as many months and said the failure to form a new government may delay approval of the budget until the second quarter of 2015.
Thailand’s Constitutional Court will consider annulling the country’s Feb. 2 incomplete election and ruled that Prime Minister Yingluck Shinawatra’s 2 trillion- baht ($61.6 billion) infrastructure bill was illegal, giving ammunition to protesters trying to topple her government.