Gold has recently decreased about $ 50 an ounce on demand lagging behind in world markets with an overall decrease of 11% of demand in 2009 from 2008. At the local level, in current prices are relaxed with the prices in Bangkok to 17,300 baht for the purchase of tariffs, while gold was sold at 17,400 baht earlier this week.
This week, the baht was trading at just under 33.2 to the dollar, while the Japanese yen, trading at 100 yen -36.45 to 36.33 baht. The battered euro was trading at around 45 baht to the euro.
On the Stock Exchange of Thailand (SET), the shares have recently fallen by about 10% from their highs nine months 10 to 11 January, 2010 to market levels by about 700 points for the main index. Friday in Bangkok, the SET was up to more than four points close at 700.44.
Most European and Asian markets lost momentum Thursday, dipping in response surprise announcement of the Federal Reserve Bank of A.25% increase in emergency lending rate it charges to banks.
downward risks on Thailand 's economic outlook include the uncertainties posed by the fortune of some 65 industrial projects worth billions of dollars still waiting for the Central Administrative Court's ruling on whether they will be allowed to continue due to environmental causes led by the inhabitants of local villages, threatened protests by / UDD Phue Pandin Thai Red Shirt and allied activists in Bangkok Suvarnabhumi International Airport and elsewhere, as fears of threats and political uncertainty regarding the asset seizure of the former deposed Prime Minister Thaksin Shinawatra $ 76,000,000,000 baht against senior politicians and judges of the Supreme Court involved in the final decision, expected Feb. 26. The goods were seized amid allegations of corruption and the failure of Thaksin's return in August 2008 to appear to face charges after being allowed to fly to Hong Kong after posting bail to go to 2008 Summer Olympics in Beijing .
Since then, Thaksin has made a number of its temporary home countries including London, Dubai, China and Cambodia, while recent tensions between Cambodia and Thailand have also emerged in a series of high-level international meetings, such as the recent ASEAN meeting in Hua Hin. Hun Sen has offered dubious the first time Thai Prime Minister free and a safe place, and appointed him economic adviser in Cambodia, a move the current Thai government in Bangkok believes interfere in its sovereignty, justice system and domestic policy, allowing the Thailand and Cambodia have extradition treaties that Cambodia has failed against Thaksin.
Thaksin, his wife Pojamarn and their three adult children have faced numerous corruption investigations into political activists, supporters and allies to support rural areas in the former prime minister is seen as politically motivated. The final verdict is due to be decided in the short time that the final arguments were delivered.
Relations between Thailand and Cambodia: No Love Lost
While relations with Cambodia were at levels close to the crisis last month, Hun Sen or not Thailand's Prime Minister Abhisit Vejajiiva seem willing to reconcile their positions.
Some political analysts and Thai media blame, in part on the government for the appointment of Mr. Abhisit his foreign minister, accused of openly insulting the leader cambodian to get its diplomatic relations with its neighbor off on the wrong foot.
The cambodian prime minister and his wife tried to visit a Buddhist religious site near disputed border areas along the Thai-cambodian border in early February, sparking new initiatives of the Thai government to ease the problem, where he had left the forces to fight border skirmishes around a dozen Thai and Cambodian troops wounded or killed in the last year.
Last week, a website cambodian government has launched a new war of words in his spat with Thailand, making a series of accusations against the current volatile Thai Prime Minister, Abhisit Vejajiiva. It was also reported in Thai media that the wife of Hun Sen had called curse aginst the Thai prime minister in a temple near their border. Hun Sen is also reported to have occult curses invoked against the leader of the Thai.
Trouble in Paradise …
The largest Thai bank, Bangkok Bank has been far-sighted to close its headquarters and principal place for customers to noon Friday, Feb. 19, after about 1,000 protesters gathered and a contingent of 500 police officers closed to traffic the area. The protesters, from the red shirts / UDD, or the United Front for Democracy against dictatorship in search of revenge and gather support for what according to their financial support for Prem Tinsulanonda by the owners of the bank.
Meanwhile, last week in Bangkok between Saturday evening and Sunday morning, a pair of explosive devices were intended to get publicity in the case of imminent involvement of former Prime Minister Thaksin. In the first, an M-79 grenade exploded in a parking lot near the Government Palace, where officials and leaders, including Prime Minister, your work often.
The second was a £ 3 C-4 explosive bomb that had been placed near the perimeter of the Division of the Supreme Court for holders of 'the political office, where seizure activity will be decided. 'S view that the widespread violence and protests will likely increase before the case is determined to come. The device was safely removed and disabled by bomb squad of the Metropolitan Police Bureau in Bangkok. Other protests took place in locations throughout Bangkok and in provinces outside, but so far have remained mostly peaceful.
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