December 2008
Asia Monitor: South East Asia Monitor Volume 1;Dec2008, Vol. 19 Issue 12, p2
Country Report
The article reports on the political and economic risk in Thailand. The government announces the change of the venue for the annual ASEAN summit from Bangkok to Chiang Mai to avoid the embarrassment of protesters disrupting the meeting. Meanwhile, the cabinet endorsed a three year spending budget of THB7.1 trillion, of which THB 1.6 trillion will be used for mega-project investments, and the shares of property developers rose sharply following the tax breaks for the property sector.


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