Thai Opposition Losing its Gamble?

It is starting to appear that the gamble by forces backing Thai opposition leader Suthep Thaugsuban to use the courts to drive Prime Minister Yingluck Shinawatra and her fugitive brother Thaksin from political dominance may fail. That coincides with a fading campaign to attempt to bring down the government through three months of demonstrations that closed government offices, choked Bangkok intersections, damaged tourism and cut into gross domestic product. As one of the omens that things may be making a turn for the better, the country’s stock market has again begun to rise, slowly but steadily, from 1304.62 on Feb. 26 to 1345 on March 4. Another omen is a report that the Election Commission has approved US$22 million from the central budget to pay rice farmers who pledged their rice under the rice-pledging scheme.

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