US futures point to slightly higher open

Elon Musk pressured Thai officials to say nice things about him… According to new court filings, Musk was focused on what Thai officials were saying about him while they were trying to rescue a trapped soccer team and its coach. Technologyread more


Elon Musk pressured Thai officials to say nice things about him… According to new court filings, Musk was focused on what Thai officials were saying about him while they were trying to rescue a trapped soccer team and its coach. Technologyread more
US futures point to slightly higher open Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-09  Authors: sam meredith
Keywords: news, cnbc, companies, musk, open, slightly, trying, officials, soccer, futures, point, things, say, team, thai, saying, trapped, higher


US futures point to slightly higher open

Elon Musk pressured Thai officials to say nice things about him…

According to new court filings, Musk was focused on what Thai officials were saying about him while they were trying to rescue a trapped soccer team and its coach.

Technology

read more


Company: cnbc, Activity: cnbc, Date: 2019-10-09  Authors: sam meredith
Keywords: news, cnbc, companies, musk, open, slightly, trying, officials, soccer, futures, point, things, say, team, thai, saying, trapped, higher


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Elon Musk pressured Thai officials to say nice things about his mini-subs in the midst of a deadly rescue mission

Additionally, Musk directed his team to pressure foreign officials in Thailand to say nice things about him and his mini-sub, even as they were grappling with what would prove to be a deadly rescue mission. Wood replied, on Twitter, “Musk lawyer’s comments are simply more accusations of a dishonest Elon Musk defense & PR campaign to demean & falsely attack my client. Since the rescue, Mr. Unsworth has received a total of £2,400 for his assistance in connection with two documentaries about Thai C


Additionally, Musk directed his team to pressure foreign officials in Thailand to say nice things about him and his mini-sub, even as they were grappling with what would prove to be a deadly rescue mission. Wood replied, on Twitter, “Musk lawyer’s comments are simply more accusations of a dishonest Elon Musk defense & PR campaign to demean & falsely attack my client. Since the rescue, Mr. Unsworth has received a total of £2,400 for his assistance in connection with two documentaries about Thai C
Elon Musk pressured Thai officials to say nice things about his mini-subs in the midst of a deadly rescue mission Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-08  Authors: lora kolodny
Keywords: news, cnbc, companies, musk, unsworths, ceo, officials, case, unsworth, mission, things, rescue, nice, minisubs, tesla, pedophile, cave, team, thai, say, pressured


Elon Musk pressured Thai officials to say nice things about his mini-subs in the midst of a deadly rescue mission

Of all the controversies stirred up by Tesla CEO Elon Musk last year, none was more embarrassing than when he called expert spelunker and diver Vernon Unsworth a “pedo guy” and “child rapist,” after Unsworth criticized him for getting involved in a massive effort to rescue 12 boys and their soccer coach from a flooded cave in Thailand.

Musk now faces a defamation lawsuit in the U.S. from Unsworth, who, in a lengthy filing released late Monday, illustrates just how far the CEO is willing to go when he digs in on an issue, even something so far afield from his businesses, Tesla, SpaceX, the Boring Company and Neuralink.

The dispute began in July 2018, after Musk said that his team was developing a mini-submarine — a pod — that could assist in carrying the kids and their coach to safety. Unsworth said in a TV interview at the time that it wouldn’t help, which led to Musk’s multiple online rants.

What Unsworth now reveals, through deposition transcripts and emails that his lawyers obtained, is that Musk and his affiliates paid private investigators, including one who tuned out to be a convicted felon, to try and dig up dirt on the cave rescuer. Additionally, Musk directed his team to pressure foreign officials in Thailand to say nice things about him and his mini-sub, even as they were grappling with what would prove to be a deadly rescue mission.

Last month, Musk asked the court to decide that Unsworth had no viable reason for the defamation case, in part, because he claims he was using slang and didn’t really mean Unsworth was a pedophile. Unsworth’s legal team, led by L. Lin Wood, says the case should proceed because, among other reasons, Musk made several contradictory and false statements to defend himself under oath.

“Musk’s motion is based principally on the antithetical bases that, on the one hand, he was not calling Unsworth a pedophile, while on the other hand, he did not harbor serious doubts as to whether Unsworth was actually a pedophile,” Unsworth’s attorneys wrote in the filing. “Musk’s accusations are false, defamatory, and were published negligently and with actual malice. His motion for summary judgment must be denied.”

Musk’s attorney, Alex Spiro, said in a statement e-mailed by a PR firm to CNBC: “This case is nothing but a money-grab in which Unsworth has hired an agent and pursued profit, publicity and self-promotion at every turn. The truth of his motivations and actions will come out soon enough.”

Wood replied, on Twitter, “Musk lawyer’s comments are simply more accusations of a dishonest Elon Musk defense & PR campaign to demean & falsely attack my client. Since the rescue, Mr. Unsworth has received a total of £2,400 for his assistance in connection with two documentaries about Thai Cave Rescue.”

As Musk struggles to stabilize his electric vehicle maker’s precarious financial position, the lawsuit is yet another distraction for the CEO and Tesla shareholders. Tesla’s stock is down 28% this year, as the company suffers from ongoing legal and logistical challenges, and attempts to sell cars in more markets than ever before.

The Unsworth case looks particularly bad for Musk, whose image has taken a beating amid conflicts with employees, investors and regulators in the past two years. It also shows a shocking lapse in judgment.


Company: cnbc, Activity: cnbc, Date: 2019-10-08  Authors: lora kolodny
Keywords: news, cnbc, companies, musk, unsworths, ceo, officials, case, unsworth, mission, things, rescue, nice, minisubs, tesla, pedophile, cave, team, thai, say, pressured


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‘You prepare for war’: how one US firm tried escaping Trump’s China tariffs

But the trade war forced his hand. “I will be able to make products in Thailand,” Sloven said at the end of last summer. “I don’t think there’s going to be a trade war, but that doesn’t change things,” he said at the time. Regardless of what happened with the trade war, Sloven felt covered. But Sloven kept pressing ahead with the Thailand plan, concerned about the toll the trade war was taking in China.


But the trade war forced his hand. “I will be able to make products in Thailand,” Sloven said at the end of last summer. “I don’t think there’s going to be a trade war, but that doesn’t change things,” he said at the time. Regardless of what happened with the trade war, Sloven felt covered. But Sloven kept pressing ahead with the Thailand plan, concerned about the toll the trade war was taking in China.
‘You prepare for war’: how one US firm tried escaping Trump’s China tariffs Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-21  Authors: anne marie roantree
Keywords: news, cnbc, companies, trade, capstone, tariffs, china, thai, firm, factory, war, prepare, thailand, smart, escaping, trumps, tried, sloven


'You prepare for war': how one US firm tried escaping Trump's China tariffs

Workers assemble LCD 4K televisions on an assembly line at a Panasonic factory. Toru Yamanaka | AFP | Getty Images

When Larry Sloven heard last year that U.S. tariffs threatened his China electronics business, he knew that setting up shop elsewhere would be a slog rather than an adventure. The 70-year-old had spent half his life building supply chains in southern China to produce goods for big-box U.S. retailers. But he had never reshuffled one on short notice, with tariffs hanging over his head. “It is the hardest thing I’ve ever had to do in all my 30 years in the business,” said Sloven, president of Capstone International HK Ltd, a division of Florida-based Capstone Companies. “You’ve got packaging, assembling, auditing, labor, overheads, components, logistics, transportation,” he said. “I went from first gear to fourth gear very quickly.” Sloven, a native of Long Island, New York, cut his teeth in Asia in the 1970s sourcing lighting products from Japan. He then moved to Taiwan and then mainland China, making and sourcing electrical products for AT&T and Duracell, before becoming a buying agent for sporting goods retailer Dick’s. He joined Capstone in 2012 to manage its network of Chinese manufacturers from Hong Kong. Rising labor costs and tighter regulations in China had already led him to consider moving the business elsewhere in Asia. But the trade war forced his hand. Through dozens of interviews and phone, Whatsapp and email exchanges over a year, Reuters documented Sloven’s quest to uproot his supply chain operation, an effort entailing many close calls, bureaucratic headaches – and some good luck. Sloven is just one of thousands of entrepreneurs who have been forced by the trade war to upend their business operations in China in the biggest supply chain shift in a generation. Companies like Capstone contribute over $200 billion in U.S. purchases of China-made electronics and machinery annually.

Due diligence

When Washington imposed the first tariffs in July 2018, Capstone’s core products, such as battery-powered LED bulbs and motion-activated lighting, were not on the list. Nor were some Capstone prototypes that Sloven sees as the future of the company: “smart furniture” like a mirror that doubles as a touchscreen with internet access. But his instinct was that U.S.-China ties were taking a turn for the worse. “You don’t know what’s coming next in China,” he said. He set his sights on Thailand as the site of a possible second production base. Sourcing raw materials locally was difficult, but at least they carried no import duties. Setting up a business entity in Thailand was also cheap and fast, and some of the work could be subcontracted. A U.S. trade official in Thailand introduced him to various local companies who could help. “I will be able to make products in Thailand,” Sloven said at the end of last summer. But, he added, “it’s not going to be easy.” In September, U.S. President Donald Trump gave him an even better reason to move. The total value of U.S. tariffs on Chinese goods was expanded from $50 billion to $250 billion, putting Capstone’s LED products in the crosshairs of 10% levies. Smart furniture, if made in China, would take a hit. Soon after, a survey by Amcham China, which represents U.S. businesses, showed that a third of its members were planning to shift the sourcing of components or assemble some goods outside of China. Sloven’s efforts in Thailand appeared to have paid off. After numerous meetings, he found a furniture factory and an assembler outside Bangkok that could help him. Both had international experience and were expanding to meet increasing demand from U.S. firms. And while smart furniture was new to them, they were confident they could pull it off and were ready to invest. The companies cannot be named because of non-disclosure agreements. After a site visit in February, Sloven ordered components for his smart mirror to be shipped to Thailand. By mid-March, Capstone engineers were showing the factory how to put them together. “I’m not concerned,” Sloven said in February. “I’m giving him the information step by step,” he said, referring to his Thai partner. Even as Sloven grew more optimistic, the urgency to leave China seemed to abate as 2019 began.

Trump and President Xi Jinping of China had declared a cautious truce at a Group of 20 summit in Buenos Aires, and it seemed to be holding. Officials on both sides were suggesting a deal before a March deadline, and the threat of tariffs rising to 25% seemed distant. But Sloven was sticking to his plan. “I don’t think there’s going to be a trade war, but that doesn’t change things,” he said at the time.

Moving slowly

The March deadline passed, but tariffs remained unchanged. That gave Sloven breathing room. He scheduled a series of pilot runs to test how well the Thai factory handled assembly. He also needed to prepare for audits of labor rights and environmental standards that U.S. retailers require. He estimated that would take at least another six months. “I’m going to start moving on a small scale because they’re not going to be able to just do it immediately,” Sloven said. “As much as they say, ‘Oh, I can do this right now’ – I’m not taking that chance.” More investment in tooling and moulds was required, too, but the Thai companies agreed to bear the cost. Regardless of what happened with the trade war, Sloven felt covered. “You prepare for war,” he said. “You’re ready if you’re attacked.”

Re-negotiating China

Sloven also had work to do in China. His suppliers in Shenzhen, Dongguan and Guangzhou were certain the trade conflict would blow over and were reluctant to negotiate deals that would send components and raw materials abroad for assembly. But Sloven kept pressing ahead with the Thailand plan, concerned about the toll the trade war was taking in China. In early April, Sloven invited Reuters to meet his trade lawyer, Sally Peng of Sandler, Travis & Rosenberg. Peng described how Chinese factory floors were emptying out as workers were laid off. Few owners had the expertise or resources to automate or find new export markets, so most were riding it out, hoping for a trade deal. They were “losing money every day,” she said. “They believe that eventually it will all come back,” Sloven said. “I think within five years, it will all be gone,” Peng replied.

Investor call

The same day Sloven met his lawyer, his bosses in Florida announced 2018 results that reflected the effects of the trade war. Net revenues came in at $12.8 million, down from $36.8 million in 2017. Net losses were $1 million, a swing from a $3.1 million profit. “Capstone faced challenges in 2018 unlike any in its history,” chief financial officer Gerry McClinton said. Meanwhile, development of the smart mirror was in full swing. The prototype was deemed a success at a Las Vegas electronics show in January, and a PR agency and a marketing company were hired to advertise the new product. Then Trump hiked tariffs to 25% on May 10. For Sloven – and many others – the urgency level bounced back up. That month, a survey by AmCham China and AmCham Shanghai showed the number of firms that had moved production or were considering doing so leaped above 40%. To speed things up, Sloven introduced the Thai assemblers to his Chinese suppliers.

He wanted to set the rules of the game and then let them interact independently. Those meetings had to go well, or all could fall apart. In a stroke of luck, he discovered the two sides had something in common. “The Thai guy, his family was from China originally so he spoke a certain dialect. And the factory in China – my supplier – and him speak the same dialect,” Sloven said. “What a home run!” After months of digging in its heels, the Chinese company finally relented and agreed to supply Sloven in Thailand.

Audits, logistics


Company: cnbc, Activity: cnbc, Date: 2019-08-21  Authors: anne marie roantree
Keywords: news, cnbc, companies, trade, capstone, tariffs, china, thai, firm, factory, war, prepare, thailand, smart, escaping, trumps, tried, sloven


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Three small blasts hit Bangkok as city hosts major security meeting

Three small explosions, one possibly a homemade bomb, injured three people in Bangkok on Friday, as the Thai capital hosted a Southeast Asian security meeting with top diplomats from the United States, China and other world powers. The first explosions were heard just before 9 a.m. (0200 GMT) at two sites near central Bangkok. A third blast was heard shortly afterwards at a government complex hosting several ministries on the northern side of the city. Bangkok is currently hosting a regional sec


Three small explosions, one possibly a homemade bomb, injured three people in Bangkok on Friday, as the Thai capital hosted a Southeast Asian security meeting with top diplomats from the United States, China and other world powers. The first explosions were heard just before 9 a.m. (0200 GMT) at two sites near central Bangkok. A third blast was heard shortly afterwards at a government complex hosting several ministries on the northern side of the city. Bangkok is currently hosting a regional sec
Three small blasts hit Bangkok as city hosts major security meeting Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-02
Keywords: news, cnbc, companies, regional, major, city, world, meeting, small, hosts, near, hit, thai, blasts, security, united, states, southeast, hurt, bangkok


Three small blasts hit Bangkok as city hosts major security meeting

Three small explosions, one possibly a homemade bomb, injured three people in Bangkok on Friday, as the Thai capital hosted a Southeast Asian security meeting with top diplomats from the United States, China and other world powers.

The first explosions were heard just before 9 a.m. (0200 GMT) at two sites near central Bangkok. A third blast was heard shortly afterwards at a government complex hosting several ministries on the northern side of the city.

Police said two street cleaners had been hurt by what appeared to be a homemade bomb in the Suan Luang district.

Local news websites showed pictures of them — one sitting on the ground with medics and the other being taken into an ambulance. Neither appeared to have major wounds.

Eyewitnesses said a security guard had also been hurt close to the 77-story King Power Mahanakhon building. The area was partly cordoned off as police searched the area.

Government spokesman Narumon Pinyosinwat said Prime Minister Prayuth Chan-ocha had ordered an investigation.

“The situation is being closely monitored and security measures have been tightened. The public is urged not to panic,” he said.

Bangkok is currently hosting a regional security meeting of foreign ministers from the Association of Southeast Asian Nations (ASEAN) and their counterparts from world powers including the United States, China and Russia.

None of the blasts on Friday were in the immediate area of the meeting venue.

On Thursday, Thai police said they had found two fake bombs near the venue of the regional security meeting. The packages prompted a brief security scare but were quickly deemed harmless. It was unclear whether the meeting was the target.

Police said two men had been arrested in connection with the fake bombs.

China’s top diplomat Wang Yi and U.S. Secretary of State Mike Pompeo are attending the forum along with other regional and global officials.


Company: cnbc, Activity: cnbc, Date: 2019-08-02
Keywords: news, cnbc, companies, regional, major, city, world, meeting, small, hosts, near, hit, thai, blasts, security, united, states, southeast, hurt, bangkok


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Thailand tows bitcoin trader’s floating home; owners may face death sentence

The Royal Thai Navy has towed a floating home owned by an American bitcoin trader and his Thai girlfriend, who currently face possible death sentences or life imprisonment for “deteriorating Thailand’s independence,” according to multiple reports. Chad Elwartowski and his partner Supranee Thepdet lived in the cabin roughly 15 miles from the Thai coast to avoid jurisdiction from the Thai government, according to British news outlet Sky News. Thai authorities have revoked Elwartowski’s visa and ch


The Royal Thai Navy has towed a floating home owned by an American bitcoin trader and his Thai girlfriend, who currently face possible death sentences or life imprisonment for “deteriorating Thailand’s independence,” according to multiple reports. Chad Elwartowski and his partner Supranee Thepdet lived in the cabin roughly 15 miles from the Thai coast to avoid jurisdiction from the Thai government, according to British news outlet Sky News. Thai authorities have revoked Elwartowski’s visa and ch
Thailand tows bitcoin trader’s floating home; owners may face death sentence Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: shirley tay
Keywords: news, cnbc, companies, according, thai, independence, owners, thailand, bitcoin, jurisdiction, deteriorating, face, sentence, traders, life, death, imprisonment, floating, sky, thailands, tows


Thailand tows bitcoin trader's floating home; owners may face death sentence

The Royal Thai Navy has towed a floating home owned by an American bitcoin trader and his Thai girlfriend, who currently face possible death sentences or life imprisonment for “deteriorating Thailand’s independence,” according to multiple reports.

Chad Elwartowski and his partner Supranee Thepdet lived in the cabin roughly 15 miles from the Thai coast to avoid jurisdiction from the Thai government, according to British news outlet Sky News.

Thai authorities have revoked Elwartowski’s visa and charged the couple for violating Thai sovereignty — an offense punishable by the death penalty or life imprisonment, according to Reuters.

“The couple announced on social media declaring their autonomy beyond the jurisdiction of any courts or law of any countries, including Thailand,” Sky News reported Thai Rear Admiral Vithanarat Kochaseni as saying. “We see such action as deteriorating Thailand’s independence.”


Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: shirley tay
Keywords: news, cnbc, companies, according, thai, independence, owners, thailand, bitcoin, jurisdiction, deteriorating, face, sentence, traders, life, death, imprisonment, floating, sky, thailands, tows


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Look for Thailand’s next government to be a coalition, senior official says

It’s “quite likely” that Thailand’s next government will be formed through a coalition, a senior government official told CNBC on Monday, as initial tallies came following Sunday’s long-awaited election after five years of military rule. Speaking to CNBC’s Sri Jegarajah in Bangkok, Panitan said: “It seems quite likely that the next government will be a coalition party between one big party and maybe two important, medium-sized parties.” An anti-military group that comprises the Pheu Thai Party a


It’s “quite likely” that Thailand’s next government will be formed through a coalition, a senior government official told CNBC on Monday, as initial tallies came following Sunday’s long-awaited election after five years of military rule. Speaking to CNBC’s Sri Jegarajah in Bangkok, Panitan said: “It seems quite likely that the next government will be a coalition party between one big party and maybe two important, medium-sized parties.” An anti-military group that comprises the Pheu Thai Party a
Look for Thailand’s next government to be a coalition, senior official says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-25  Authors: weizhen tan, sopa images, lightrocket, getty images
Keywords: news, cnbc, companies, vote, look, thailands, official, party, pheu, seats, likely, thai, quite, pracharat, senior, coalition, palang


Look for Thailand's next government to be a coalition, senior official says

It’s “quite likely” that Thailand’s next government will be formed through a coalition, a senior government official told CNBC on Monday, as initial tallies came following Sunday’s long-awaited election after five years of military rule.

Panitan Wattanayagorn, a security advisor to Thai Deputy Prime Minister Prawit Wongsuwan, said that officials in the pro-military Palang Pracharat Party and Pheu Thai Party — linked to self-exiled former premier Thaksin Shinawatra — are in discussions and also “talking to all parties.”

Speaking to CNBC’s Sri Jegarajah in Bangkok, Panitan said: “It seems quite likely that the next government will be a coalition party between one big party and maybe two important, medium-sized parties.”

The vote is shaping up as a contest between three groups:

A pro-military camp that includes the Palang Pracharat Party — led by current cabinet members in the military regime.

An anti-military group that comprises the Pheu Thai Party and the newly founded Future Forward Party.

Parties that are neutral or undecided about how they will align themselves.

The last group includes the Bhumjaithai Party, whose vote is said to be crucial to swinging the election’s final outcome.

Panitan, who is also a professor at the Chulalongkorn University, said: “It seems quite likely that Bhumjaithai will be a decisive force.”

“The final analysis is whoever gains the majority of the seats will form the government,” he added, “so Bhumjaithai will be very hard at work today and over the next few days to make sure that they coordinate and communicate with all supporters.”

His comments come as Thailand’s Election Commission reported the numbers on Monday with 94 percent of votes counted: Palang Pracharat was leading the popular vote with 7.69 million votes, while the Pheu Thai Party was next with 7.23 million votes.

The numbers released were for the popular vote, but those do not reflect parliamentary seats won. Pheu Thai could still take the lion’s share of those, because of its concentrated popularity in the north and northeast of the country.

The ruling junta repeatedly postponed general elections after it overthrew an elected government in 2014.

The Sunday vote will determine 500 members of the House of Representatives, the lower chamber of Thailand’s legislative branch. The junta will appoint the 250-member Senate, or the upper house.

None of the parties are expected to single-handedly win enough seats in the House to form a government. Therefore, the 250 appointed senators will join their colleagues in the House to select the next prime minister to lead the next government.

Based on a Reuters tally of partial results of the 350 constituency seats contested on Sunday, Pheu Thai was on track to win at least 129 and Palang Pracharat at least 102.

— CNBC’s Yen Nee Lee and Reuters contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-03-25  Authors: weizhen tan, sopa images, lightrocket, getty images
Keywords: news, cnbc, companies, vote, look, thailands, official, party, pheu, seats, likely, thai, quite, pracharat, senior, coalition, palang


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Thailand election: Economic growth, income inequality are key issues

Investors are hoping for greater political and economic stability in Thailand after the country’s upcoming general election — but some analysts aren’t so sure that will come to pass. This year, foreign buying of Thai equities has not return in a significant way, with many investors opting to wait for clarity on the political front. The election on March 24 will be Thailand’s first since a military coup overthrew the elected government in 2014. An anti-military camp that consist of the Pheu Thai


Investors are hoping for greater political and economic stability in Thailand after the country’s upcoming general election — but some analysts aren’t so sure that will come to pass. This year, foreign buying of Thai equities has not return in a significant way, with many investors opting to wait for clarity on the political front. The election on March 24 will be Thailand’s first since a military coup overthrew the elected government in 2014. An anti-military camp that consist of the Pheu Thai
Thailand election: Economic growth, income inequality are key issues Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-14  Authors: yen nee lee, gonzalo azumendi, getty images
Keywords: news, cnbc, companies, thailand, economic, party, minister, foreign, election, thai, growth, political, issues, parties, income, prime, inequality, key, investors


Thailand election: Economic growth, income inequality are key issues

Investors are hoping for greater political and economic stability in Thailand after the country’s upcoming general election — but some analysts aren’t so sure that will come to pass.

Last year, the Thai stock market suffered a record $9 billion in foreign investment outflows as investors withdrew from emerging markets amid rising interest rates in the U.S. and global economic concerns. This year, foreign buying of Thai equities has not return in a significant way, with many investors opting to wait for clarity on the political front.

The election on March 24 will be Thailand’s first since a military coup overthrew the elected government in 2014. The vote is set to be a contest between three political fractions:

A pro-military camp that include the Palang Pracharat Party, which named current Prime Minister Prayuth Chan-o-cha as its candidate to lead the country.

An anti-military camp that consist of the Pheu Thai Party — which is linked to exiled former Prime Minister Thaksin Shinawatra — and the newly founded Future Forward Party.

A group of parties that are neutral or undecided on which side they would align, including the Democrat Party led by another former prime minister, Abhisit Vejjajiva, and Bhumjaithai Party, which recently made headlines for its promotion of marijuana as a new cash crop in Thailand.

None of the parties are expected to single-handedly win enough seats to form the next government, which means the most likely scenario is a coalition administration. That may be challenging, however, in a polarized political environment like Thailand, analysts said.


Company: cnbc, Activity: cnbc, Date: 2019-03-14  Authors: yen nee lee, gonzalo azumendi, getty images
Keywords: news, cnbc, companies, thailand, economic, party, minister, foreign, election, thai, growth, political, issues, parties, income, prime, inequality, key, investors


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Thai court bans party for nominating princess for PM

“The court has ordered that the party be dissolved,” Judge Taweekiet Meenakanit said in the Constitutional Court ruling, which also banned the party’s executive board members from politics for 10 years. Thai Raksa Chart is one of several parties loyal to ousted former prime minister Thaksin Shinawatra in an election that broadly pits his supporters against establishment parties, including one that has junta leader Prayuth Chan-ocha as its prime ministerial candidate. Police had deployed more tha


“The court has ordered that the party be dissolved,” Judge Taweekiet Meenakanit said in the Constitutional Court ruling, which also banned the party’s executive board members from politics for 10 years. Thai Raksa Chart is one of several parties loyal to ousted former prime minister Thaksin Shinawatra in an election that broadly pits his supporters against establishment parties, including one that has junta leader Prayuth Chan-ocha as its prime ministerial candidate. Police had deployed more tha
Thai court bans party for nominating princess for PM Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-07  Authors: lillian suwanrumpha, afp, getty images, lawrence k ho los angeles times getty images, krit phromsakla na sakolnakorn, thai news pix
Keywords: news, cnbc, companies, nominating, bans, junta, parties, constitutional, prime, party, leader, minister, court, election, thai, ruling, princess


Thai court bans party for nominating princess for PM

“The court has ordered that the party be dissolved,” Judge Taweekiet Meenakanit said in the Constitutional Court ruling, which also banned the party’s executive board members from politics for 10 years.

Thai Raksa Chart is one of several parties loyal to ousted former prime minister Thaksin Shinawatra in an election that broadly pits his supporters against establishment parties, including one that has junta leader Prayuth Chan-ocha as its prime ministerial candidate.

Opposition parties say Prayuth’s candidacy, combined with electoral laws allowing the junta to appoint the 250-seat upper house Senate, could result in an elected government that extends military influence.

Police had deployed more than 1,000 officers in and around the court and cordoned off the surrounding area ahead of the ruling.

Party leader Preechapol Pongpanich, who was visibly emotional, told reporters outside the court the party accepted the ruling. “We all had good intentions for the country,” he said.

Supporters were seen crying, saying they would vote instead for other opposition parties.

The Election Commission asked the court to dissolve the party after it nominated Princess Ubolratana Rajakanya Sirivadhana Barnavadi for prime minister, which the commission described as “antagonistic toward the constitutional monarchy”.


Company: cnbc, Activity: cnbc, Date: 2019-03-07  Authors: lillian suwanrumpha, afp, getty images, lawrence k ho los angeles times getty images, krit phromsakla na sakolnakorn, thai news pix
Keywords: news, cnbc, companies, nominating, bans, junta, parties, constitutional, prime, party, leader, minister, court, election, thai, ruling, princess


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Thousands scramble as flights from Pakistan to Europe are canceled due to conflict with India

Thousands of travelers were left scrambling on Thursday when Thai Airways International cancelled more than a dozen flights to and from Europe after Pakistan closed its airspace amid rising tensions with India. Most of Thai’s European flights leave after midnight. Many airlines route flights over Pakistan, so the closure of its airspace caused major disruptions on Wednesday. Several airlines, including Emirates and Qatar Airways, suspended flights to Pakistan and others, such as Singapore Airlin


Thousands of travelers were left scrambling on Thursday when Thai Airways International cancelled more than a dozen flights to and from Europe after Pakistan closed its airspace amid rising tensions with India. Most of Thai’s European flights leave after midnight. Many airlines route flights over Pakistan, so the closure of its airspace caused major disruptions on Wednesday. Several airlines, including Emirates and Qatar Airways, suspended flights to Pakistan and others, such as Singapore Airlin
Thousands scramble as flights from Pakistan to Europe are canceled due to conflict with India Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-28  Authors: lillian suwanrumpha, afp, getty images
Keywords: news, cnbc, companies, airspace, pakistan, scramble, flights, leave, indian, airlines, thousands, india, canceled, thai, europe, conflict, airways, airport


Thousands scramble as flights from Pakistan to Europe are canceled due to conflict with India

Thousands of travelers were left scrambling on Thursday when Thai Airways International cancelled more than a dozen flights to and from Europe after Pakistan closed its airspace amid rising tensions with India.

Flights to and from London, Munich, Paris, Brussels, Milan, Vienna, Stockholm, Zurich, Copenhagen, Oslo, Frankfurt, and Rome had been scheduled to fly over Pakistani airspace on Thursday, Thai Airways said in a statement.

That left passengers scheduled to leave Thailand’s main Suvarnabhumi International Airport searching to find alternative flights early on Thursday. Most of Thai’s European flights leave after midnight.

“Last night there were about 5,000 passengers who came to check-in but unable to fly, mostly Thai Airways,” Colonel Umnart Chomshai, superintendent of tourism police at Suvarnabhumi Airport, told Reuters.

Another airport official said a help center had been set up for stranded travelers.

Thai Airways said later on Thursday it would resume flights after gaining permission from China to use its airspace for nearly a dozen flights to Europe set to leave on Thursday afternoon and Friday morning.

However, it said all flights to and from Pakistan were cancelled. The airline operates one flight a day to Karachi and Lahore and four flights per week to Islamabad.

Thailand is among the world’s most popular tourist destinations, receiving more than 38 million visitors last year.

Pakistan closed its airspace after India and Pakistan both claimed to have shot down the other’s fighter jets on Wednesday, with Pakistan capturing an Indian pilot a day after Indian warplanes struck inside Pakistan for the first time since a 1971 war.

World powers have urged restraint between the two nuclear-armed South Asian neighbors, who have fought three wars over the disputed Himalayan region of Kashmir.

Many airlines route flights over Pakistan, so the closure of its airspace caused major disruptions on Wednesday.

Several airlines, including Emirates and Qatar Airways, suspended flights to Pakistan and others, such as Singapore Airlines and British Airways, were forced to reroute flights.

On Thursday, Singapore Airlines said all of its Europe-bound flights would now continue as planned, without the need for refueling stops, and they would reroute to avoid the affected airspace as necessary.

Malaysia Airlines said on its website it was not currently flying over the affected airspace and was avoiding Pakistan and northern Indian airspace for flights to and from Europe until further notice.

Tensions have been running high since at least 40 Indian paramilitary police were killed in a Feb. 14 suicide car bombing claimed by Pakistan-based militants in Indian-controlled Kashmir.


Company: cnbc, Activity: cnbc, Date: 2019-02-28  Authors: lillian suwanrumpha, afp, getty images
Keywords: news, cnbc, companies, airspace, pakistan, scramble, flights, leave, indian, airlines, thousands, india, canceled, thai, europe, conflict, airways, airport


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Thai princess apologizes after being disqualified from election race

The Thai king’s sister, disqualified this week by the Election Commission from running for prime minister, apologized for causing “problems” for the Thai people ahead of next month’s election, the country’s first since a 2014 coup. Princess Ubolratana Rajakanya Sirivadhana Barnavadi’s comments late on Tuesday came a day after the commission dropped her name from an official list of candidates for prime minister. The commission said members of the royal family should stay above politics, echoing


The Thai king’s sister, disqualified this week by the Election Commission from running for prime minister, apologized for causing “problems” for the Thai people ahead of next month’s election, the country’s first since a 2014 coup. Princess Ubolratana Rajakanya Sirivadhana Barnavadi’s comments late on Tuesday came a day after the commission dropped her name from an official list of candidates for prime minister. The commission said members of the royal family should stay above politics, echoing
Thai princess apologizes after being disqualified from election race Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-13  Authors: paula bronstein, getty images
Keywords: news, cnbc, companies, race, work, royal, apologizes, family, princess, commission, disqualified, prime, thai, election, ubolratana, politics, problems


Thai princess apologizes after being disqualified from election race

The Thai king’s sister, disqualified this week by the Election Commission from running for prime minister, apologized for causing “problems” for the Thai people ahead of next month’s election, the country’s first since a 2014 coup.

Princess Ubolratana Rajakanya Sirivadhana Barnavadi’s comments late on Tuesday came a day after the commission dropped her name from an official list of candidates for prime minister.

The commission said members of the royal family should stay above politics, echoing a sharp rebuke from King Maha Vajiralongkorn that her bid was “inappropriate” and unconstitutional.

“I am sorry my genuine intention to work for the country and Thai people has caused such problems that shouldn’t have happened in this era,” she said on Instagram after making a public appearance in central Thailand. She ended her statement with the hashtag, “#howcomeitsthewayitis”.

Some social media users urged her to serve the people as a member of the royal family, but Ubolratana responded: “I don’t want to be in that position anymore. I gave that up a long time ago.”

Ubolratana’s unprecedented nomination by a party allied with populist ex-premier Thaksin Shinawatra unsettled the Southeast Asian nation, where the monarchy is revered by millions of Thais and remains above politics.


Company: cnbc, Activity: cnbc, Date: 2019-02-13  Authors: paula bronstein, getty images
Keywords: news, cnbc, companies, race, work, royal, apologizes, family, princess, commission, disqualified, prime, thai, election, ubolratana, politics, problems


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