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Posts Tagged ‘Thai protests’

28th February 2014

As of the time of this writing, the “Shutdown Bangkok” campaign is scheduled to end on Monday, March 3rd. However, from initial reports it is not clear whether the movement will be fully dissolved in all locations. Apparently, leaders of the movement have scheduled an end to the blocking of key intersections throughout the city while consolidating the movement’s location at Lumpini Park. Meanwhile, it remains unclear whether the protest site at Chaeng Wattana will be closed as well.

Apparently, this decision was made as a result of concerns that the protest has had a dampening effect upon the Thai economy. As protests intensified many people from all sectors of the Thai business community raised concerns that the situation was causing losses in the tourism industry as well as possibly leading to decreases in future foreign direct investment.

The recent news will likely come as a welcome surprise to the Thai business community especially the tourism sector as it could be a portent of a future lasting compromise leading to a maintenance of stability in the country. Those living and working in Bangkok will likely also be glad to hear of the reopening of major intersections since doing so will undoubtedly lead to less traffic congestion in the city.

Hopefully, this announcement will encourage foreign governments around the world to lift their travel warnings and travel bans regarding Thailand. As a consequence, tourists will return to Thailand on a scale that is relatively commiserate with tourism numbers prior to the outset of protesting.

Notwithstanding recent political tension there are many who feel as though Thailand still represents one of the top tourism destinations in the world. Furthermore, Thailand is also considered a prime destination for foreign direct investment as the Kingdom remains one of the strongest economies in Southeast Asia. Couple this with the fact that as of January 2015 the ASEAN Economic Community (AEC) will come into being creating a wide range of business opportunities in Thailand and throughout the region, and there is good reason to believe that Thailand will remain strong economically. Should the AEC also herald the coming of a single unified ASEAN visa scheme Thailand as well as the rest of Southeast Asia could see an increase in the numbers of both business and leisure travelers. Only time will tell how all of these developments will play out, but cautious optimism is apparently called for under the present circumstances.

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6th December 2013

Notwithstanding the fact that demonstrations in Bangkok were briefly discontinued in order to observe His Majesty the King’s birthday, it appears that demonstrations are set to recommence as of Friday December 6th. It would appear that some anti-government demonstrators have remained in government office buildings as of the morning of the 6th as pro-government activists vow to undertake demonstrations at a later date.

The demonstrations in Bangkok have been a cause for concern especially for businesses which operate in the Thai tourism sector. However, officials in the Thai government appear willing to take measures to maintain tourism numbers in Thailand. The fact that a number of governments around the world have issued travel warnings to their citizenry has been a cause for worry amongst many in the tourism industry. It  was recently announced that notwithstanding the recent demonstrations tourism numbers in Thailand are still holding strong, but should demonstrations continue and tensions escalate there are some who worry that the effects could be detrimental. Hopefully, leaders from both factions can come to an amicable solution and avert a prolonged stalemate, only time will tell.

Meanwhile, various news outlets throughout Thailand are reporting upon recent news about Thai Immigration officials taking a firmer stance regarding the issuance of Thai retirement visas. In the past it was possible to obtain a retirement visa based upon showing a balance of eight hundred thousand Thai baht in a Thai bank account. Furthermore, a retired married couple could both use this balance when making an application for a retirement visa. With the passage of a law amending the Thai immigration rules, officials with the Thai immigration police have announced that future Thai retirement visa applicants must now show that they independently maintain an eight hundred thousand baht bank balance. This means that it is no longer possible for a foreign retired married couple to both obtain retirement visas based upon showing only 800,000 baht. In fact, such a hypothetical couple would now need to show at least 1.6 million baht in a joint Thai bank account or in 800,000 increments in two separate accounts. Officials noted that those maintaining a statutorily defined minimum pension may be eligible to receive a retirement visa provided proof of said pension could be verified by Thai immigration authorities. Those married to Thai nationals could also be eligible to receive Thai marriage visas (sometimes referred to as an O visa) which requires a lower bank balance in order to prove financial ability to support one’s spouse.

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