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Strategies & Market Trends : Thailand

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To: fred douglas liebling who wrote (434)6/22/1998 3:15:00 PM
From: Tom  Read Replies (1) of 457
 
Someone from PERC said recently that "Thailand is in more trouble now than they were a year ago, according to most indicators."

There's a lot of trouble there right now, Fred. Seems this new labor law is receiving heavy opposition. The affected workers feel the government may not see it through. Workers will be protesting for its passage.

Protests all around the country. Farmers also marching over a debt moratorium, and maybe as many as 50,000 of the nation's poor protesting in Bangkok this week, plus another 20,000 from the NE of Thailand about something. Speaking of which: Remember this guy?

"When you (farmers) are ready to make the move just tell me and I will lead the rally." Chavalit Yongchaiyudh, opposition leader, on Wednesday's planned protest.

The same guys that raped the place last year are the ones stirring-up all the trouble, telling the Thai people that the current gov't wants to steal from the poor and give to the rich. (Now you're going to get me started, Fred. I'll be sending emails.) Also PERC commented last week that the current gov't is unproven, and that they have genuine worries over these protests just because of the guys that are leading them.

What are your feelings about Japan getting off their hands by July 8?
Imgaine if they did, the SET could take a jump.

I'm staying away yet.
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