Thailand’s baht jumped the most in 10 months, breaching 29 per dollar for the first time since 1997, as demand for the nation’s bonds rose amid unprecedented monetary easing in Japan. Stocks dropped to a two-month low.
Thai lawmakers moved to change parts of a military-backed constitution after the country’s highest court agreed to hear a case that may block them from doing so, signaling a renewed round of political tension.
Thailand’s credit rating was restored to BBB+ by Fitch Ratings four years after political turmoil prompted a cut, signaling confidence in Prime Minister Yingluck Shinawatra’s ability to maintain social stability.
Thai Prime Minister Yingluck Shinawatra’s party is on course to win Bangkok’s governor election for the first time, dealing a blow to opponents aligned with royalist groups who have held the capital since 2004.
Left motherless at a young age, Yingluck Shinawatra says her eldest brother became like a parent to her. From college in the U.S., to running Thailand’s biggest mobile phone company and now seeking to become prime minister, Thaksin Shinawatra guided her life.
Former Thai Prime Minister Abhisit Vejjajiva said soldiers acted in self-defense when setting up live-fire zones around a protest site in 2010 as he fights murder charges over a crackdown that killed more than 90 people.