Judgement Day – the aftermath and what is next ?

30 May 2007, the day when the tribunal court decided to rule out Democrat from all charges, and found Thai Rak Thai (Taksin’s party) guilty of all charges. It results in the Thai Rak Thai party disbanded and 111 key party members, Taksin included, banned from political activities for 5 years.

What does this mean to the future of Thai democratic and foreign investment?

As strange as it may sounds, I’d say this is officially the end of the turmoil era and the beginning of the new era.

It is how it should be ending, as most people from business and analyst sectors would agree.

To put it bluntly, many voices from major business sectors simply want a clear direction of how the nation is heading, one way or another and they could not care less.

I would not be surprised to see the SET index on the rise from tomorrow even.

From political sector, most political analysts, both from international and local, generally see that despite the really tense build up, the virtually peaceful ending signals the public feeling about the verdict.

That Thai people feel that the verdict is fair and the Tribunal court is doing what it is set to do, which is the to carry on the King’s wish to end the political mess in the most peaceful way possible.

Realistically speaking, despite the vow to fight and the claim that this is the ruling from the gun barrel, most Thai Rak Thai key members will probably leave the party in the “blink and you miss” fashion anyway.

As for Democrat party, it is expected that its leader Arpisit Wejchacheewa will be leading the new government come election, given the amount of the congratulation phone calls he received from the ex member of Thai Rak Thai party …

The Thai politicians are at their best when it comes to this old saying “No real friends or foe in politics”, I can assure you …

6 Comments so far

  1. Daniel (unregistered) on June 1st, 2007 @ 2:59 pm

    The main problem is that the people currently in charge have no experience in leading countries, but tank units.

    The moral crusade they have been on recently has damaged Thailands image, just look at the last 6 months and the lack of investment

  2. Jackie (unregistered) on June 1st, 2007 @ 3:35 pm

    Exactly right, Daniel.

    And that is why this must happen, to fix the problems you just described.

    So the people who has experiences in leading the country can now step in and take it from the tank guys..

    I don’t favor the tank guys as much as you don’t and I think the longer they stay, the more they screw up.

    And that is why it is crucial the foundation has to be laid now (by the verdict that is), and laid it right. So the fresh water can now come in to take it to next step.

    As for the economic and investment side , the verdict has already been justified by the raise of SET index today by 10 points.

    It indicates that the country’s image and the faith from investment sector has now been restored, slowly but it is the begining.

  3. Xbkk (unregistered) on June 2nd, 2007 @ 8:57 am

    “That Thai people feel that the verdict is fair”

    Not sure where you got that tidbit there but I highly doubt the entire Thai kingdom agree with what has happened.

    In addition, this basically now means there is 1 main political party left, which is not a democracy at all either.

    Who is to say every member of the Democratic party has clean hands?

  4. Tarrin (unregistered) on June 8th, 2007 @ 3:54 pm

    “As for the economic and investment side , the verdict has already been justified by the raise of SET index today by 10 points.”

    Only a day after the raise the stock go back to the same level. Hardly justifies the faith of investers’ to Thailand situation.

    What the verdict left is a country with only 1 potential political party, which is more or less, undemoreatic in many nations. We can hardly say that Thailand’s Democratic party got a lot of new water either.

    Obviously this is not “the way” to fix the tumoil, since more than 14million people who choose TRT during the last election will certainly dissagree with the verdict. What the Junta laid for foundation that more than 14 million poeple didnt choose to be and it will lead to even larger fraction within the Thai’s society.
    After all, the junta didnt come from the vote ballot, but rather, from the guns and tanks.
    Hardly justify that as democratic…

  5. Jackie (unregistered) on June 8th, 2007 @ 4:25 pm

    :-) I am delighted to see different view from others , this is the real democratic. When people are free to offer different opinion and discuss it openly.

    Will post my further opinion on next entry.

    cheers to all


  6. me, david (unregistered) on July 4th, 2007 @ 3:19 pm

    no comment on this matter, just questioning why there are no more updates on this blog ?

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