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Protestors defies Thailand's junta; economic chief appointed

  • 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
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Comments (3)
  • drax7
    , contributor
    Comments (296) | Send Message
     
    Did the junta arrest the king? The king could topple the junta
    If he were to ask the people to defy the military.
    25 May, 09:24 AM Reply Like
  • BearDog2
    , contributor
    Comments (46) | Send Message
     
    Juntas r a regular event in Thailand. Its business as usual. Been there, seen that. My opinion, buy THD on Friday's dip.
    25 May, 12:54 PM Reply Like
  • Tom Shaughnessy
    , contributor
    Comments (1131) | Send Message
     
    Is Thailand dangerous to begin with, or was this expected?
    25 May, 04:26 PM Reply Like
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