Word: shinful
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...seems squarely behind Thaksin, Bangkok's urban ?lite accuses him of everything from abuse of power to mismanagement of the ethnic violence in the impoverished, Muslim-dominated south. The tipping point was the announcement in January that Thaksin's family had sold its 49.6% stake in the telecommunications giant Shin Corp. for $1.87 billion to a group led by Temasek Holdings, the Singapore government's investment arm. The sale has infuriated many Thais. It means that one of Thailand's corporate crown jewels is now controlled by a foreign entity. And the sale has sparked furious resentment because Thaksin...
...Last Friday the Securities and Exchange Commission fined Thaksin's son Panthongtae $150,000 for not disclosing changes in his Shin holdings dating back to 2001. The authorities say the Prime Minister has broken no law, but the controversy over the Shin deal refuses to die, and Bangkok has been rocked by street protests drawing tens of thousands clamoring for him to step down. By calling an election, Thaksin is turning to the people to pass judgment on him, and their verdict would likely be to return him and his party to power, albeit with a smaller majority...
...been the same. I have decided that it's no good for him to be in this position [of Prime Minister]. It's not only I, but the educated people around the country. Thaksin has been cleared of any legal wrongdoing regarding the sale of his family's Shin Corp. But that's not enough for the man who is Prime Minister. We have to abide by ethics. That's much more important than law and regulations. If Thaksin were a normal man and not the Prime Minister, that's okay, but he's the leader of this country. Thaksin...
...Thaksin did not have to pay income tax on the Shin Corp. sale. It's not illegal, but it's not particularly ethical. As one of the richest men in the country and its top politician, he doesn't exactly show a good moral example to the business community or the country. If he had just paid the tax, none of this probably would have happened. It's a matter of, say, paying $200 million, which is not the end of the world when you are getting over a billion...
...fashion show. In August, Ohama, 34, threw Japan's largest fashion event to date, the Tokyo Girls Collection. The 12,600 attendees?and 15 million people watching the live cell-phone broadcast?could purchase items on their phones as soon as they appeared on the catwalk. Shin Akamatsu launched his Joias line at the festival and received more orders than the established labels did. "We struck gold right from the beginning," says the creative director, who saw $4.2 million in sales in five months. Other brands plan to present new lines at the next event...