Kremlin stands by police crackdown
MOSCOW: The Kremlin has defended its crackdown on protesters demanding the release of opposition figure Alexei Navalny as his allies vowed to continue putting pressure on the authorities. Protest monitors said that more than 10,000 people have been detained at recent nationwide rallies in support of President Vladimir Putin’s loudest critic, who was handed […]
Read More‘High’ command under fire over ganja issue
Army chief Gen Narongphan Jitkaewtae said the 1st Army Region has been asked to explain alleged assaults on conscripts caught smoking marijuana in their barracks in Chon Buri. The conscripts complained they were beaten by their instructors last Friday. Two came forward to lodge a police complaint. They said five conscripts were accused of smoking […]
Read MoreTraders and politicians make risky arguments about low interest rates
The Wall Street bulls embracing sky-high stock values and the Washington pols embracing big deficits may be ideological opposites, but they have something important in common. Both draw sustenance from near-zero interest rates which make stocks more valuable and debt more supportable. And both risk taking this basically sound logic to extremes. The rally […]
Read MoreBank of Thailand to cut growth forecast
The Bank of Thailand is expected to lower its 3.2% growth forecast for Thailand this year against the backdrop of increasing downside risks stemming from the persistent Covid-19 outbreak. The economy is expected “to expand somewhat lower than the previous forecast”, said MPC secretary Titanun Mallikamas, even though the central bank’s Monetary Policy Committee (MPC) […]
Read MoreMyanmar army chief says coup was “inevitable”
(Yangon) – Army chief Min Aung Hlaing appointed himself head of a new cabinet stacked with former and current generals, justifying his coup as the “inevitable” result of civilian leaders’ failure to heed the army’s fraud warnings. The military declared a one-year state of emergency and said it would hold new elections once their allegations […]
Read More