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Supreme Court Verdict In Thaksin Loses THB 46 Billion

Category: Tourism, Posted:27 Feb 2010 | 07:52 am

Thailand's Supreme Court has ruled in favor of the Governments seizure of THB 46 billion in assets allegedly controlled by deposed ex Prime Minister Thaksin Shinawatra in a landmark ruling. It has left him THB 30 billion of the frozen assets as these were presumed personal funds.
Despite many concerns over security and demonstrations, the UDD 'red shirt' movement have asked supporters not to demonstrate at the court and have asked for new elections following the democratic process. For both Bangkok and Phuket the day had been marked by 'business as usual' for both companies and tourists alike.
As Thailand's economic outlook has continued to improve under the stewardship of the Democrat led Government of Abhisit Vejjejiva, foreign investment has returned to the country with tourism numbers strongly rebounding in the final two quarters of 2009 and poised for a growth in visitors of over 16 million in 2010. By the end of Friday the SET (Stock Exchange of Thailand) composite index was up 4.27 pts. on positive market sentiment.

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