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3 Jun 2014

Thai confidence jumps on hopes army will bring order after chaos

Author: admintech | Filed under: World

A female riot police officer gives a command to her team as they take position at the vicinity of Victory Monument in BangkokBy Orathai Sriring BANGKOK (Reuters) – Thai consumer confidence jumped in May on hopes a new military government would impose order after months of political chaos that had threatened to tip the economy into recession. The army toppled the remnants of Prime Minister Yingluck Shinawatra's government on May 22 after sometimes deadly protests since November that had forced ministries to close, hurt business confidence and caused the economy to shrink. The coup was the latest convulsion in a decade-long conflict between the Bangkok-based royalist establishment, dominated by the military, old-money families and the bureaucracy, and the supporters of Yingluck and her brother, Thaksin Shinawatra, who are adored by the poor in the north and northeast.

Source: http://news.yahoo.com/thai-confidence-jumps-hopes-army-bring-order-chaos-055319562–business.html