Others   

Bangkok Blasts

Not much effect on Thai stocks

 

hmm. i hope so too. but many Singapore companies, such as Capitaland have interests in Thailand. hopefully, they wouldn;t be adversely affected

 

Well, one thing for sure .... there's more chances of foreign funds channelling into other Asian markets like Singapore, instead of Bangkok with these blasts!!!

 

Its on the news today... suspects are either Thaksin supporters or Muslim insurgents.

 

some @#?!@# were spreading rumours that Thaksin was behind the Bangkok blasts. What is this world becoming to man?

 

The West is losing its dominance to the East. They are watching, waiting to pound on the East the moment the sharks smell blood!. Thailand was the first to cause the Asian Crisis back in 1997 just after HK handed back to Mother China on 30 June 1996. This time round Thailand did tried to stop hot hot money moving into its shores buy imposing a 30% Reserve Requirement on Dec 19. Realised the deep impact it withdrew very quickly. At all cost Thailand will not rock its boat again. Any dips present opportunity buys for some long term pensions funds, asset management funds, emerging funds over there. It is also entering into political infighting with the return of Gen Chavilat. Our mkt is more linked to HK which in turn is looking at Shanghai mkt for Chinese dual listing counters. Papers reported that previously it is the closed Shai mkt that looked at HK and followed HK prices. What happened during the last week of 2006 was S'hai opened on Boxing Day while HK was closed. On Wed when HK mkt opened it gapped up more than 500 points to play catch up on Shai mkt. This is crazy and irrational. Any rise will be followed by sharp pullbacks along the way. Bet many hedge funds are waiting on the sideline watching all these wayang ke-tai of Asia. Year 2006 is a faithful year of the dog. Pig? What is the Pig's traits?

 

yet another reason why Thaksin should return to Thailand

 

OH NO !!!! 

Hope this doesn't affect the Capricorn Effect!

BANGKOK, Thailand (AP) -- Six or more bomb blasts rocked the Thai capital Bangkok on New Year's Eve, killing at least two people and injuring more than 20, officials said. The culprits and motive were unknown.

The bombings in several parts of city capped a year of unrest in Thailand, including a military coup three months ago and a mounting Muslim insurgency in the south.

National police chief Gen. Ajirawit Suphanaphesat said the insurgents were probably not behind Sunday's attacks.

Police and army troops fanned out across Bangkok on Sunday night to guard entertainment venues and important sites.

Ajirawit said on the iTV television network that at least six blasts occurred, and that authorities were inspecting several more locations where there were suspicious packages.

Bangkok's Mayor Apirak Kosayothin ordered the cancellation of the two major public New Year's Eve countdown celebrations and other smaller ones.

"Due to several bomb explosions in Bangkok and for the sake of peace and security, I would ask all of you to return to your homes now," Apirak told some 5,000 revelers at the downtown Central World Plaza shopping mall complex. The crowd quickly began to disperse.

Hotels stepped up security, searching cars on their premises. Some fast food outlets closed early.

Police Lt. Gen. Chongrak Juranond said one person died at Chulalongkorn hospital. Another police officer, Lt. Col. Teerawit Butsaban, said a second victim succumbed to injuries at another hospital.

A senior health ministry official, Surachet Sathitniramai, said that more than 20 people had been hospitalized at four Bangkok hospitals.

Ajirawit said six people were injured by a bomb in the slum area of Klong Toey, and four by a bomb near a department store at the city's Victory Monument, which is on a major traffic circle.

He said other blasts occurred near a police post in the Saphan Kwai district, where two were injured, and in Kae Lai district in Nonthaburi, a northern suburb of Bangkok.

"I heard a loud explosion and I thought it was fireworks. I ran there and saw a bleeding woman at the bus stop," said Somrak Manphothong, a receptionist at the Saxophone bar near the Victory Monument.

"Another guy was lying on the floor, covered with blood, and his wife was shaking his body," Somrak said.

At the Klong Toey vegetable market, where one bomb went off, a pool of blood and egg yolks covered the roadside next to an overturned motorcycle.

There was no immediate word on the attackers' identities or possible motive.

The police chief said that "the situation remains under control," but cautioned those out celebrating to exercise caution and to notify police immediately if they find suspicious objects.

Bombings and shootings occur almost daily in Thailand's three southernmost provinces of Yala, Narathiwat and Pattani, where an Islamic insurgency that flared in January 2004 has killed more than 1,900 people.

Muslims make up the majority in overwhelmingly Buddhist Thailand's deep south, where they have long complained of discrimination.

The insurgents are not known to have launched any attacks in Bangkok.

Thailand has also been immersed in political turmoil.

In September, Prime Minister Thaksin Shinawatra was ousted in a bloodless coup by Gen. Sondhi Boonyaratkalin. The military installed Surayud Chulanont as the interim prime minister until elections in October 2007.