Political Changes Have No Impact on Thailand’s International Trade

The political changes in Thailand that came about after the National Council for Peace and Order (NCPO) had taken control of the country have had no impact on Thailand’s international trade.

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Positive Investment Trend Following Signs of Improving Political Situation in Thailand

Thailand Board of investment (BOI) believes that it will receive more applications for promotional privileges from investors, as the political conflict in the country is starting to ease.

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Businesses and Transport Services throughout Thailand Are Operating

Businesses, public services, and transport services throughout Thailand are operating, but have adjusted operating hours to comply with the curfew.

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Thailand’s Macroeconomic Fundamentals Remain Sound

Thailand’s overall macroeconomic fundamentals remain sound against the back-drop of a healthy banking system, low and well-anchored inflation, and a strong financial position.

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National Council for Peace and Order Has Taken Control of the Country

The National Council for Peace and Order, led by General Prayut Chan-o-cha, Commander-in-Chief of the Royal Thai Army, has taken control of the country to prevent further loss of life and to prevent the conflict from further escalating.

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Thai Economy Expected to Improve Following the Easing of the Political Situation

The enforcement of martial law is expected to have only short-term effects on the Thai economy. The private sector also believes that the Thai economy will improve after the political situation eases.

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Diplomatic Corps Briefed on the Declaration of Martial Law

The Ministry of Foreign Affairs has briefed members of the diplomatic corps in Bangkok on the declaration of martial law in Thailand.

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Thailand’s Political Developments

Following the declaration of martial law by the Royal Thai Army, effective from 03.00 hr on 20 May 2014, life in Thailand continues as normal.

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Martial Law Has Been Announced

Army Commander-in-Chief General Prayut Chan-O-Cha, has declared martial law covering the whole country as of 03:00 a.m. on 20 May 2014 onwards.

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Thai Economy in the First Quarter and Outlook for 2014

Protracted political turbulence slowed down Thailand’s economic growth in the first quarter of 2014, according to the Office of the National Economic and Social Development Board (NESDB).



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