Word: shinawatra
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Investments by SWFs can be politically risky too. In 2006, Temasek Holdings, an investment arm of the Singapore government, bought Shin Corp., Thailand's major telecommunications company, for $3.8 billion from the family of Thaksin Shinawatra, who at the time was Thailand's Prime Minister. Public outrage in Thailand over the sale of what was considered an important national asset to a Southeast Asia rival contributed to Thaksin's ouster as Prime Minister in a military coup in September...
...Thai voter who longs for the return of ousted Prime Minister Thaksin Shinawatra, then Samak Sundaravej is your man. An acid-tongued, fire-breathing ultra-conservative who brands his opponents communists and "street gangsters," the 72-year-old former Bangkok governor is running in the Dec. 23 national election on a platform the rural masses find irresistible: as he unabashedly declares, "I'm Thaksin's nominee." Samak, the nominal leader of the People Power Party (PPP), has promised that if elected he'll bring back Thaksin and his populist policies, like cheap credit and debt moratoriums. Samak has vowed...
...campaign stage in this sleepy town is veteran politician Samak Sundaravej, 72, the right-wing firebrand who leads the People Power Party (PPP). The PPP is an ill-disguised facsimile of Thai Rak Thai (TRT), the party outlawed after the Thai military overthrew its leader, the multi-billionaire Thaksin Shinawatra, in September 2006. The TRT's Bangkok headquarters is now occupied by the PPP, and the two parties' logos are almost identical. So are their policies, such as cheap health care and easy loans, and for this, PPP leader Samak makes no apology. "This party has inherited the policies Thaksin...
...Investments by SWFs can be politically risky, too. In 2006, Temasek Holdings, an investment arm of the Singapore government, bought Shin Corp., Thailand's major telecommunications company, for $3.8 billion from the family of Thaksin Shinawatra, who at the time was Thailand's Prime Minister. Public outrage in Thailand over the sale of what was considered an important national asset to a Southeast Asia rival contributed to Thaksin's ouster as Prime Minister in a military coup in September...
...early front-runner in elections slated for December. Yet history has taken an ironic twist for the now 43-year-old politician. The upcoming polls are the handiwork of the very military whose overthrow spurred Abhisit's political passions more than three decades ago. After deposing Prime Minister Thaksin Shinawatra in a bloodless army coup last September, Thailand's ruling junta promised to restore democracy by the end of this year. Now that the new constitution overseen by the generals has won a 58% approval rating in a referendum on Aug. 19, the junta appears committed to carrying...