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World at Risk: Investors should shun Thailand - Nomura

Monday, May 19, 2014 - 03:06

May 20 - The Thai Army has declared martial law to try to restore order after six months of fierce anti-government protests. Nomura’s Alastair Newton says investors should continue to look elsewhere.

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I'm Alastair Newton senior political analyst at Nomura international PLC. Do. I've spent a good day at a time in Thailand the last six months asylum crisis that has been growing in all reality -- -- word to describe. And on delta crisis which is still moving very very slightly in many respects it's perhaps surprising. That it so. The loyalists. I -- as long as she did to oust prime minister Shinawatra. We still love the sport -- house on let's to some sort of compromise. Which -- on the situation. And even today people are -- on the streets of Bangkok as a rival groups. Government what redshirt them. And -- -- A position PLC. Sometimes -- Continue to -- both sides test. The risk of course is that if we get some sort of judicial constitutional. Decision. Which palace rubber bullets flying from. We will see a rapid escalation in violence to purchase. Like that this question. Even. I failed to see -- There's a lot of talk about the type of itself should know what -- that would result because -- it's a great. I don't wish to -- noise that Texas Shinawatra is -- For both sides in this dispute. But the real problem in Scotland is -- the this year between the minority. Short. Rural. People who lost to -- support that very Shinawatra as. And even if -- and -- -- my company is removed without some sort of institutional assessment. Which recognizes. The rights of the majority in time. Form legitimate governments which can does that jolt of governance. That will be no solution to this crisis. Consequence of which is that's what we'll continue to struggle economically. As far as investor stretching -- has to send the person's face and recently I have found very little evidence. Any foreign money and -- what's. Picture perfect -- supporters. The accuracy government. Factions. Have been supporting -- -- stock market but right now I'm certain risks had an excuse to the downside. This is a good time for investors to continue to look elsewhere.

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World at Risk: Investors should shun Thailand - Nomura

Monday, May 19, 2014 - 03:06