Thailand

Thai shares down 3.49 per cent on instability

Bangkok - Thai shares started strong Wednesday but ended down 3.49 per cent as investors reacted to declines on other bourses in Asia and Europe.

Thais put their faith in judiciary, poll finds

Bangkok - The vast majority of Thai people believe the judicial system is the best means to solve the country's political impasse that has pitted anti-government against pro-government forces for months, an opinion poll revealed Wednesday.

Of 4,988 people surveyed by leading pollster Assumption Business Administration College (ABAC Poll), 92.4 per cent said judicial procedures provided the best solution to Thailand's political woes.

According to ABAC, 80.5 per cent of the respondents also said they wanted all parties to follow last week's Supreme Court ruling that sentenced former prime minister Thaksin Shinawatra in absentia to two years in jail.

Thai shares nose up 2.74 per cent

Bangkok  - Thai shares rose 2.74 per cent Tuesday in a slight rebound that underperformed most other Asian markets.

Thai shares fall 10.5 per cent on regional panic

ThailandBangkok - Thai shares lost 10.5 per cent of their value on Monday, prompting a circuit break at 4 pm, as investors continued to dump equities in panic selling.

The Stock Exchange of Thailand (SET) index ended at 387.43, down 45.44 points or 10.5 per cent, crashing through the 400-point psychological barrier.

Authorities enforced a 30-minute circuit break at 4 pm after the market had tumbled more than 10 per cent.

"Asia fell hard today in region-wide panic selling," said Phuwadon Larpudomsuk, an analyst at Asia Plus Securities.

Honda exports from Thailand up 11 per cent, but trend is downward

Bangkok - Honda-brand products exported from Thailand earned 80.98 billion baht (2.6 billion dollars) during the first nine months of this year, a 11 per cent increase year-on-year, Asian Honda Motor Comany announced Monday.

But exports of Honda automobiles, motorcycles and power products grew only 4 per cent in the third quarter, pointing to a downward trend.

December ASEAN summit shifts to Chiang Mai

Bangkok - December's summit of the Association of South-East Asian Nations (ASEAN) has been moved from Bangkok to Chiang Mai to avoid ongoing anti-government protests in the capital, media and ministerial sources said Monday.

Thai Prime Minister Somchai Wongsawat announced the shift over the weekend during a visit to Chiang Mai, Thailand's second-largest city, located 550 kilometres north of Bangkok, the Bangkok Post said.

The change in venue, however, has yet to be confirmed with Thailand's fellow ASEAN members: Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore and Vietnam.

"It's 90-per-cent certain, but this will have to be ruled on soon," Thai Foreign Ministry spokesman Tharit Charungvat said.

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