Thai capital tense as political rivals rally

Thai capital tense as political rivals rally

24 November 2013 | 07:54 | FOCUS News Agency

Bangkok. Tens of thousands of anti-government demonstrators massed in Bangkok on Sunday, with a major rival rally due later as Thailand faces its most significant political street action since bloody protests in 2010, AFP reported. Authorities expect at least 50,000 anti-government protesters to gather by Sunday afternoon, with thousands more “Red Shirts” set to mobilise in another area of the city on Sunday evening in support of prime minister Yingluck Shinawatra’s crisis-hit administration.
Both groups have vowed to remain in the capital overnight.Thailand has been rocked by periodic outbreaks of unrest since divisive former premier Thaksin Shinawatra – Yingluck’s brother – was deposed in a military coup seven years ago.
The Thai capital has already faced weeks of opposition-backed rallies sparked by an amnesty bill that could have allowed the return of Thaksin from self-imposed exile – and pardoned those responsible for a deadly military crackdown on his Red Shirt supporters.
The bill was kicked out by the Thai senate, but anti-government protesters have remained on the streets and are now seeking to topple the government, which they say acts as a stooge for Thaksin.
Addressing a large anti-government rally at the capital’s Democracy Monument, protest leader Satit Wongnongtaey hailed the strong turnout for so-called “People’s Day”.
“How can this government survive? How can the Thaksin system survive?” he said to applause from the crowd, many of whom came to the capital from the provinces.
In addition to the amnesty failure, Yingluck’s ruling Puea Thai party was battered further by a Constitutional Court ruling last week that scuppered plans for a fully elected senate.

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Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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