Panic as stock market records biggest crash in 31-year history
The stock market yesterday crashed by almost 20 per cent, the biggest one-day fall in the bourse's 31-year history. It hit a two-year low on concerted sell-offs by foreign and local investors who were spooked by the 30-per cent reserve withholding on new capital inflow.
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ANALYSIS
Stock market endangered by controls on investors
MR Pridiyathorn Devakula, a deputy prime minister and the finance minister, and the banking authorities have made a big mistake by introducing wholesale capital controls instead of selective controls on the money market to stem the baht speculation.
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No dictatation on the charter : CNS chief
The junta will not dictate the content of the new constitution, Gen Sonthi Boonyakalin, chairman of the Council of National Security (CNS), said Wednesday.
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Doctors satisfied with HM the King's improvement
The Royal Household Bureau reported Wednesday that latest Xray and magnetic wave examinations of His Majesty the King found that his lumbar spinal stenosis had broadened.
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Bomb hoax delays THAI flight to India
A bomb threat on a Thai Airways plane at Suvarnabhumi International Airport caused a five hour delay Wednesday but after an intense search officials found no explosive on the aircraft.
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Thailand and Laos linked by new Mekong bridge
Crowds of people on both the Thai and Lao banks of the Mekong River in the border provinces of Mukdahan and Savannakhet celebrated the grand opening yesterday of the second Friendship Bridge.
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Asian stocks recover as Thailand backs down on currency controls
Hong Kong - Asian stocks recovered from sharp falls Wednesday after Thailand's military government backed down on imposing harsh currency controls which saw Bangkok shares lose a massive 15 per cent.
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Violence continues in the south
Suspected militants intensified their arson attacks in Yala province by burning a public health office and a kindergarten in Yaha district late Tuesday night.
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Thai stock closes and rebounds 11.16 per cent
The Stock Exchange of Thailand Wednesday rebounded by 11.16 per cent to close at 691.55, up by 69.41 points due to the buying forces from local investors.
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