Al-Khereiji: Collective action in combating terrorism is a must for achieving stability and prosperity    SFDA Chief visits premier biotechnology and medical firms in China    Saudi Awwal Bank becomes the Kingdom's first bank obtaining ISO certification for quality management system in operations    2- month jail and SR40000 in fine for woman citizen convicted of commercial cover-up    10 cooperation agreements signed during Saudi-Turkish Business Forum in Istanbul    Saudi Arabia's non-oil revenues grow 6% in 9 months while Q3 budget posts SR30 billion deficit    Spanish flood rescuers focus search on underground car parks    Quincy Jones, titan of US music, dies aged 91    Slavery reparations not about transfer of cash, says UK's Lammy    Pro-EU leader claims Moldova victory despite alleged Russian meddling    Domestic violence should not be taboo subject, says Queen Camilla    Enhancing zakat, tax, and customs compliance takes center stage at the Zakat, Tax, and Customs Conference 2024    Neymar expected to join Al Hilal squad for AFC clash against Esteghlal, says coach Jesus    Al Qadsiah secure 2-0 victory over Al Ettifaq in first Eastern Derby since 2021    Riyad Mahrez admits he's no longer the dribbler he once was    Al-Ahli coach Jaissle understands fans' frustration, vows to improve team's performance    MBC Group announces sale of Istedamah's 54% stake to Public Investment Fund for SR7.4 billion    Hidden sugars in Asia's baby food spark concerns    HONOR unveils pre-order of the stunning HONOR MagicBook Art 14 Featuring an ultra-slim design, HONOR Eye Comfort Display and AI Cross-OS WorkStation    Teri Garr, Young Frankenstein and Tootsie star, dies at 79    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Muted Eid celebrations for millions of Nigerian Muslims    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Tension rises as Thailand blocks some websites, TV
Published in Saudi Press Agency on 08 - 04 - 2010

Thailand blocked opposition websites and TV channels on Thursday and the prime minister scrapped an overseas visit a day after a state of emergency was declared to quell nearly a month of mass protests, according to Reuters.
Prime Minister Abhisit Vejjajiva called off a one-day trip to Vietnam for a Southeast Asian leaders summit as tension remained high, with "red shirt" protesters vowing defiance.
On Wednesday, they stormed parliament, forcing officials to flee by helicopter and triggering an emergency decree that gives the military broad powers to control unrest.
Despite the decree, the red-shirted supporters of twice-elected and now fugitive former Prime Minister Thaksin Shinawatra ignored orders to leave the capital's main shopping district and promised to stage their biggest rally yet on Friday.
The risk of a confrontation subdued Thailand's recently hot stock market, which posted its biggest fall in more than two months, losing more than 2 percent and underperforming its Asian peers. The local baht currency was also weaker.
Frequent protests, violent riots, airport blockades and three changes in government in the past 19 months have hurt consumer spending, but the prospect of prolonged strife is already priced into Thailand's relatively cheap stocks.
Foreigners have snapped up $1.82 billion of Thai stocks since Feb. 22. But, reflecting recent tensions, five-year credit default swaps widened 8 basis points on Thursday to as much as 109, the highest since March 4. "The political factor has affected consumers and business," Bank of Thailand Chief Economist Suchart Sakkankosone told reporters, adding unrest could influence the timing of an interest-rate rise that most economists expect in June.
Overnight, two men on a motorbike fired into the offices of the nationalist monarchist "yellow shirts", wounding two security guards, witnesses said. A grenade fired at a radio station affiliated with the yellow shirts failed to explode.
In 2008, the yellow shirts, who opposed Thaksin's allies in the previous government, occupied the prime minister's office for three months and blockaded Bangkok's main airport until a court expelled the government.
The recent protests pushed consumer confidence last month to its lowest level since November, data released on Thursday by the University of the Thai Chamber of Commerce showed.
"The political front will be a major issue of the Thai market today and we need to watch it closely," said Teerada Charnyingyong, an analyst at brokerage firm Phillip Securities.
DIFFICULT CHOICE
Abhisit faces a difficult choice: compromise and call an election he could easily lose, or launch a crackdown on tens of thousands of protesters that could stir up even more trouble.
Most analysts doubt the authorities will use force to remove the mostly rural and working class protesters who have been camped in Bangkok's upmarket shopping district since Saturday -- a politically risky decision for Abhisit as his 16-month-old coalition government struggles to build support outside Bangkok.
The number of protesters in the district of malls and luxury hotels was growing steadily, reaching about 10,000 by early afternoon. Numbers typically swell into the tens of thousands in the cooler evenings in a carnival-like atmosphere.
But pressure is growing on Abhisit from residents in Bangkok, a stronghold of his Democrat Party, to take decisive action to end the rolling protests, which began on March 14 when up to 150,000 massed in the city's old quarter.
"Abhisit has been accused of finding it difficult to make decisions and he seems to be struggling here somewhat. But it is a difficult position. There's human cost involved," said Danny Richards, senior Asia editor at the Economist Intelligence Unit.
The emergency decree allows authorities to suspend certain civil liberties, ban public gatherings of more than five people and stop media reporting news that "causes panic".
Abhisit assured the public on Wednesday that the emergency would not be used to impose a crackdown. Recently he has offered some concessions, including dissolving parliament in December, a year early, but protesters are demanding immediate elections.
By Thursday, authorities had blocked most websites associated with the protesters and taken several opposition TV channels off air. Military checkpoints had gone up outside Bangkok to stop more from entering the sprawling city of 15 million people.
Red shirt leaders remained defiant.
"Today we will go on the offensive. We can't sit still and do nothing -- this is our right," Weng Tojirakarn told Reuters.
Another leader, Nattawut Saikua, said they "would not give up".
"We are not worried. This is not a state of emergency of the red shirts, it is for the government," he told reporters. "Regardless of how it is enforced, we will resist peacefully."
The supporters of Thaksin see the urbane, British-born, Oxford-educated Abhisit as a front man for an unelected elite and military intervening in politics with impunity.
They say Abhisit lacks a popular mandate after coming to power in a 2008 parliamentary vote following a court ruling that dissolved a pro-Thaksin ruling party. If allies of the red shirts were to prevail in an election, it would probably spark a new round of protests by Thaksin's opponents.
Many investors doubt even a violent impasse will derail a rebound in Southeast Asia's second-biggest economy and one of the world's fastest-rebounding emerging markets. Thai stocks are up 80 percent over the past 12 months, Asia's third-best performer.


Clic here to read the story from its source.