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Thailand’s Military Coup


Okay, this comes as shocking as how I got some sleep last night. Well okay, this is MORE shocking. Apparently last night (Thai’s time), there’s a military coup d’etat by military to seize control last night. Of course by nature this will affect Thai’s bath (and it already did) in the currency market.

The currency dropped as tanks rolled into the capital. Thaksin, who was in New York attending meetings at the United Nations, fired the head of the army in a broadcast on state television made from the U.S. Coup leaders said they revoked the constitution, imposed martial law and appointed a new prime minister.

On the economy side, it will take a big blow since Thailand is considered the most stable country in South East Asia. The tourism in that country will take the biggest hit since at the time of this writing, tourists already packing their way out of the country.

Indonesia’s economy will also take a hit. I’m not currently sure in a positive or negative way. There’s logics behind those two. The first one is many global investors will try to pull their money and investments out of Thailand and the biggest economy in SE that can handle such exposure is only Malaysia and Indonesia. The second one is that those investors might pull their funds completely out of South East Asia, the exotic land for investment.

I’m strongly hope that it’s the first one that take place.

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September 20th, 2006
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Comment Number:
1
Written by:
Minda Indra » Kudeta di Thailand
Posted on:
9/20/2006 at 11:35 am

[...] Thailand’s Military Coup, dari Permagnus [...]

Comment Number:
2
Written by:
Donald Douglas
Posted on:
9/21/2006 at 5:45 am

Thaksin sounds like a hack who clearly needed to be replaced, through parliamentary forms rather than military. Another implication here not mentioned is that Thailand’s facing an Islamist insurgency which will likely kick-up due to regime instability. The Thai police regularly open fire on protesters during demonstrations, so let’s hope that the coup is indeed “temporary,” that legitimate authority is restored quickly to keep economic and political development on track, and that the Islamist threat is tamped-down before a crackdown darkens the streets there any further.

Take care.

http://burkeanreflections.blogspot.com/2006/09/implications-of-military-takeover-in.html

Comment Number:
3
Written by:
Oskar Syahbana
Posted on:
9/21/2006 at 8:31 pm

@Donald Douglas: Yes, from the voice of Thais, I do think that Thaksin needs to be replaced. Now here’s the funny part came. The urban population doesn’t like him because he’s too much favoring the rural populations (mostly farmers and below poverty line). Of course there’s another thing such as corruptions and such.

By claiming Islamic population there as “insurgency”, you forgot the fact that they are turned that way by Thaksin’s hard-fist policy. What’s the best way to incite a rebellion other than repression?

Plus, the brain behind the coup, Gen. Sonthi is a moslem entrusted to “quell” the “Islamic insurgency” to the south. I think he is gradually succeeded his mission ;)

Comment Number:
4
Written by:
Donald Douglas
Posted on:
9/21/2006 at 9:12 pm

Oskar: Stick to ideas and rational debate when you comment on my page. Personnal attacks are not welcome.

Comment Number:
5
Written by:
Oskar Syahbana
Posted on:
9/21/2006 at 10:07 pm

@Donald Douglas: Sorry, I got a bit hot-headed there. Please edit my comments on your blog.

Comment Number:
6
Written by:
Nofie
Posted on:
9/21/2006 at 10:59 pm

Saya menunggu gimana reaksi Thailand, terutama dalam menyikapi pariwisatanya yang selama ini jadi andalan. Barangkali kita bisa belajar banyak dari sana.

Comment Number:
7
Written by:
Oskar Syahbana
Posted on:
9/21/2006 at 11:24 pm

@Nofie: Kayaknya engga terlalu ngaruh banyak yah. Walaupun banyak travel warning tapi kayaknya warga mereka masih tenang - tenang aja tuh.

Comment Number:
8
Written by:
Donald Douglas
Posted on:
9/22/2006 at 4:44 am

Oskar: I’ve responded to your comments on my page.