Protestors defies Thailand's junta; economic chief appointed

|By:, SA News Editor

Hundreds of people in Bangkok have demonstrated against Thailand's military junta despite a warning by army chief Prayuth Chan-ocha, who carried out a coup last week, not to hold rallies.

Yesterday, the military dissolved the Senate and took on its legislative powers. The military has also detained well over 100 people, included ousted prime ministers, and told dozens of others to turn themselves in.

The army has appointed Air Chief Marshal Prajin Juntong to run economic ministries, including finance, commerce, industry and energy. Prayuth said on Friday that he would only "return power to the people" after economic, social and political reforms.

The U.S. has canceled military exercises in Thailand and threatened to cut military assistance. A question is whether the U.S. will start to cut economic ties.

ETFs: THD