Suthep vows boycott of firms tied to Shinawatras

[webfact]

ANTI-GOVERNMENT CAMPAIGNS
Suthep vows boycott of firms tied to Shinawatras
Jeerapong Prasertpolkrung,
Piyanut Tumnukasetchai,
Prapasri Osathanon
THE NATION

BANGKOK: -- SUTHEP THAUGSUBAN, head of the anti-government People's Democratic Reform Committee (PDRC), yesterday vowed to ratchet up pressure on caretaker premier Yingluck Shinawatra to step down by launching a campaign to boycott goods and products offered by the businesses of the Shinawatra clan and families of government figures.

He said he got the idea from Luang Pu Buddha Issara, leader of the PDRC's protest site at the Government Complex on Chaeng Wattana Road north of Bangkok.

Suthep dropped by to meet the monk on his way to office of defence ministry permanent secretary where Yingluck used as temporary office.

After meeting the monk, Suthep led the convoy to the office to meet Yingluck but she was away the whole day. There Suthep met the military’s representatives. He then told the waiting crowds outside that he told the military not to allow Yingluck to use the place which was built by taxpayers’ money.

Suthep called on shareholders of Shinawatra-owned or affiliated companies, such as Advanced Info Service and residential developer SC Asset, to sell their stakes en mass. The anti-Shinawatra business drive was in retaliation for the government's initial plan to make public the names of businesses supporting the anti-regime operations, he said.

Frustrated farmers have also gathered around the compound to continue their demand for payment under the government's beleaguered rice-pledging scheme. Some of them have declared their support for the PDRC's bid to oust the caretaker government.

Suthep and the protesters left the venue and travelled inbound and briefly gathered in front of the office of the government's anti-protest operation, the Centre for Maintaining Peace and Order.

They then went to SC Asset building building, formerly Shinawatra 3 Tower on Vibhavadi Rangsit Road. They briefly gathered in front of the building and vowed to return today at 8.30am.

He said he would assign 500 protesters to "make contact" with staff in the offices on every floor of the tall building during office hours. "This will be done before the Shinawatra-owned or -affiliated businesses collapse," he said.

Meanwhile AIS chief executive officer Wichian Mektrakarn said in a statement AIS has run its business with careful consideration of investors' interest, dividends and revenues, he said.

Somprasong Boonyachai, executive chairman of InTouch said all businesses under the holding company including AIS, Thaicom Plc and CS Loxinfo were operating transparently.

He said he had no comment on the PDRC's threat to gather outside or blockade the SC Asset building.

InTouch's share price yesterday dropped 1.34 per cent to close at Bt73.75, while that of AIS dropped 0.91 per cent to close at Bt217. The share price of Thaicom rose 0.63 per cent to close at Bt40, while that of CS Loxinfo remained unchanged at Bt10.50.

-- The Nation 2014-02-20

[schbang]

Would be useful to get a list of Shin's businesses, so we know which ones to boycott. Any ideas folks? If anyone has a complete list - please post. Many thanks.

[aussieinthailand]

would be fantastic to get a list of Suthep's businesses' and his backers.

just as a certain young lady choose to change her name so as to avoid a backlash by people and the family business product's, seems the mighty Baht holds more to her heart than pride in family name and her belief's and convictions???

[Griffo63]

A more effective response would be for everyone using AIS mobile network to switch to another network. No point in selling the shares better to cut off the line of revenue

[noitom]

The newspaper is giving Suthep and now Abhisit a lot of press space and coverage. The Thai press is showing their blatantly partisan favoritism at the expense of evangelizing true rights and freedoms inherent in the one man one vote principle.

We don't see the Thai press campaigning for the voting rights of poor Thais standing around in front of their shacks with no teeth and warn down rubber flip flops and the the towel around their neck. Rather instead, we see a lot of press space provided for the establishment and the elite privileged class seeking to run Thailand with a "people's council" run by 185 elite/establishment/privileged insiders rather than the ordinary man on the street.

[GentlemanJim]

Would be useful to get a list of Shin's businesses, so we know which ones to boycott. Any ideas folks? If anyone has a complete list - please post. Many thanks.

It would be very useful to get a list of these businesses so that we know which ones to short on the market, we may as well make money out of their demise

[moe666]

The newspaper is giving Suthep and now Abhisit a lot of press space and coverage. The Thai press is showing their blatantly partisan favoritism at the expense of evangelizing true rights and freedoms inherent in the one man one vote principle.

We don't see the Thai press campaigning for the voting rights of poor Thais standing around in front of their shacks with no teeth and warn down rubber flip flops and the the towel around their neck. Rather instead, we see a lot of press space provided for the establishment and the elite privileged class seeking to run Thailand with a "people's council" run by 185 elite/establishment/privileged insiders rather than the ordinary man on the street.

Unfortunately we have seen how the government elected by the people have run the country as their own private slush fund. Failed rice scam, failed school policy, failed amnesty for big brother, 2 trillion baht in debt off the books fund and probably a few more bits and pieces that have not come to light.

[SOTIRIOS]

...out of curiosity....I wouldn't mind seeing that list...it would give a good idea of how much influence and control they have in Thailand...besides the political one

[Scamper]

Suthep's move is a good one. Thaksin's money is everywhere. If people don't want to contribute to it, they don't have to. It's a free society. For those who still propagate the tired fiction that the poor are the closest to Thaksin's heart, take a look one day at these skyscrapers, and you'll see an entirely different fixation. It's time to wake up and smell the coffee. These enterprises exist to serve Thaksin and further his empire.

[GentlemanJim]

Well, one thing is for sure, if the GSB situation is anything to go by, Thais really do vote with their wallets! The use of social media to mobilize people is amazingly successful here and at the moment, if there was a concerted push to bring Thaksin's Thai businesses to their knees then 50-55% of the population would do it. Name the businesses and see what happens. Do they have the system in Thailand where you can keep your mobile number but change operator? If so AIS would be in trouble if a boycott is pushed.

[rijb]

Get real! The boycott will be as effective as blowing a whistle.

[Patpending]

So from closing down Bangkok, to shutting down the government, 6 million man march which even with the "dead cat bounce" yesterday only came back up to 5 or 6 thouand, we are down to hounding a business!!!.

[telecom]

Would be useful to get a list of Shin's businesses, so we know which ones to boycott. Any ideas folks? If anyone has a complete list - please post. Many thanks.

I would be happy to make a website so people can add Shin company interests onto the list and also issue their business addresses to be blocked as an added bonus.

No need to block government premises, block Shin businesses instead. Would be much more painful, that goes for all PTP government ministers., with an offer to unblock if they publicly denounce Yingluck and Thaksin.

[noitom]

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The newspaper is giving Suthep and now Abhisit a lot of press space and coverage. The Thai press is showing their blatantly partisan favoritism at the expense of evangelizing true rights and freedoms inherent in the one man one vote principle.

We don't see the Thai press campaigning for the voting rights of poor Thais standing around in front of their shacks with no teeth and warn down rubber flip flops and the the towel around their neck. Rather instead, we see a lot of press space provided for the establishment and the elite privileged class seeking to run Thailand with a "people's council" run by 185 elite/establishment/privileged insiders rather than the ordinary man on the street.

Unfortunately we have seen how the government elected by the people have run the country as their own private slush fund. Failed rice scam, failed school policy, failed amnesty for big brother, 2 trillion baht in debt off the books fund and probably a few more bits and pieces that have not come to light.

So is your point to take the vote away from the ordinary man because you get crooks for the last 7 decades?

[Katipo]

PTT is controlled by his family and friends. There is no way you can buy petrol in Thailand without supporting them thanks to PTT's monopoly.

By the way, the UNSUBSIDISED price of 95 unleaded is currently 27 Baht per litre in Malaysia (20 Baht per litre with subsidy), compared to 41 Baht per litre in Thailand.

[Thaiready]

Amen

The newspaper is giving Suthep and now Abhisit a lot of press space and coverage. The Thai press is showing their blatantly partisan favoritism at the expense of evangelizing true rights and freedoms inherent in the one man one vote principle.

We don't see the Thai press campaigning for the voting rights of poor Thais standing around in front of their shacks with no teeth and warn down rubber flip flops and the the towel around their neck. Rather instead, we see a lot of press space provided for the establishment and the elite privileged class seeking to run Thailand with a "people's council" run by 185 elite/establishment/privileged insiders rather than the ordinary man on the street.

[brit1984]

"Suthep called on shareholders of Shinawatra-owned or affiliated companies, such as Advanced Info Service and residential developer SC Asset, to sell their stakes en mass"

what would that achieve?... except for losses for existing investors and gains for anyone who has taken a short position in the stocks prior to Suthep's statement?...

[Nickymaster]

The newspaper is giving Suthep and now Abhisit a lot of press space and coverage. The Thai press is showing their blatantly partisan favoritism at the expense of evangelizing true rights and freedoms inherent in the one man one vote principle.

We don't see the Thai press campaigning for the voting rights of poor Thais standing around in front of their shacks with no teeth and warn down rubber flip flops and the the towel around their neck. Rather instead, we see a lot of press space provided for the establishment and the elite privileged class seeking to run Thailand with a "people's council" run by 185 elite/establishment/privileged insiders rather than the ordinary man on the street.

Do you know who gets all the press space and coverage from all the government controlled free (public) tv channels and other media that is funded by taxpayers' money?

Edited February 20, 2014 by Nickymaster

[LomSak27]

You're missing the point - think how long it took to get to this point

Both the Dems and Reds have tried to avoid it, Finally Chalerm threatens to name Dem supporters, the Dems respond with a boycott. This might affect profits and both the man in Dubia and Democrat, Yellow, and the Pubas that fund them, wanted at all costs to avoid this. After all, flash back a decade and the man in Dubai and Sondhi, Dems used to be friends.

Fighting is fighting but PROFITS are sacrosanct. Things be getting ugly when you can't admit defeat and go back to your sandbox

[Suriya4]

We should all stop using AIS & 1-2-Call.

There are other phone companies that is not own by Thaksin.

[Red Snake]

<script type='text/javascript'>window.mod_pagespeed_start = Number(new Date());</script>

"Suthep called on shareholders of Shinawatra-owned or affiliated companies, such as Advanced Info Service and residential developer SC Asset, to sell their stakes en mass"

what would that achieve?... except for losses for existing investors and gains for anyone who has taken a short position in the stocks prior to Suthep's statement?...

I wonder how many shares Suthep sold the day before he announced this boycott.

[ginjag]

<script type='text/javascript'>window.mod_pagespeed_start = Number(new Date());</script>

"Suthep called on shareholders of Shinawatra-owned or affiliated companies, such as Advanced Info Service and residential developer SC Asset, to sell their stakes en mass"

what would that achieve?... except for losses for existing investors and gains for anyone who has taken a short position in the stocks prior to Suthep's statement?...

I wonder how many shares Suthep sold the day before he announced this boycott.

Many people will have to understand if they boycott Shinawatra interests, they could be treading on the toes of the Maid-housekeeper-valet-gardener-handyman-baby family members.

[Muhendis]

The newspaper is giving Suthep and now Abhisit a lot of press space and coverage. The Thai press is showing their blatantly partisan favoritism at the expense of evangelizing true rights and freedoms inherent in the one man one vote principle.

We don't see the Thai press campaigning for the voting rights of poor Thais standing around in front of their shacks with no teeth and warn down rubber flip flops and the the towel around their neck. Rather instead, we see a lot of press space provided for the establishment and the elite privileged class seeking to run Thailand with a "people's council" run by 185 elite/establishment/privileged insiders rather than the ordinary man on the street.

The press is about selling newspapers. Whilst it is desirable to highlight the plight of the poor and underprivileged such stories do not have the headline grabbing stuff of anti government activities. Newspapers have always been partisan in their reporting. It is normal for all points of view to be represented across a broad range of papers, but only if it sells.

[chooka]

Get real! The boycott will be as effective as blowing a whistle.

Don't think it would effect Thaksin to much. The biggest losers would be the average Thai person who has invested/bought shares, the small shareholders may suffer. Sure Suthep has said they should sell their shares but what if they are receiving good returns why should they sell to assist Suthep? Where are they going to invest then, with Suthep Inc and make him rich? Suthep and his rich corporate mates would probably be the only winners out of this.

[Goat Roper]

The newspaper is giving Suthep and now Abhisit a lot of press space and coverage. The Thai press is showing their blatantly partisan favoritism at the expense of evangelizing true rights and freedoms inherent in the one man one vote principle.

We don't see the Thai press campaigning for the voting rights of poor Thais standing around in front of their shacks with no teeth and warn down rubber flip flops and the the towel around their neck. Rather instead, we see a lot of press space provided for the establishment and the elite privileged class seeking to run Thailand with a "people's council" run by 185 elite/establishment/privileged insiders rather than the ordinary man on the street.

Do you know any place in the 'western' world that does not pick sides? Why complain about the press in Thailand and point fingers.

[falangadang]

Actually, in principle this makes a lot of sense.

I had a phone account with AIS and quickly changed it when they "stole" my very cool phone number and hundreds of baht of credit as 3G had been activated which I didnt want and they started to dictate which pack I "must" have.

Seemed to me that the Shinawatra ethos filtered all the way down from the top. So I shut that account.

I hear that the Shin Clan also own a huge part of the privatized electricity utility when it was privatized under Thaksin's watch.

So if everyone stops using electricity that will really hurt them!

[Piichai]

"Suthep called on shareholders of Shinawatra-owned or affiliated companies, such as Advanced Info Service and residential developer SC Asset, to sell their stakes en mass"

what would that achieve?... except for losses for existing investors and gains for anyone who has taken a short position in the stocks prior to Suthep's statement?...

Turns out the Shin family still hold some major stakes in companies like AIS.

AIS sent an SMS message to subscribers today saying who were the top two or three investors in the company, but they failed to mention Thaksin's "daughter" was number 9.

[Piichai]

We should all stop using AIS & 1-2-Call.

There are other phone companies that is not own by Thaksin.

This morning at Future Park, lines at AIS and True were out the door. Very strange for a Thursday. It's even a bit much for the weekends.

Don't know if people are switching to True or are also closing their accounts as it's owned by CP.

[asiamint]

BANGKOK, Feb 20 (Reuters) - Shares in Thai property developer SC Asset Corp fell 5 percent when the market opened on Thursday after anti-government protesters said they would target businesses linked to the family of Prime Minister Yingluck Shinawatra.

Yingluck was executive chairwoman of SC Asset before running for office in a general election in 2011, which her party won. The Shinawatra family owns about 60 percent of SC Asset, according to the company's website.

At 0305 GMT, SC Asset shares were down 4.3 percent at 3.10 baht after falling 5 percent earlier. The shares also lost 5 percent on Wednesday.

The broad market index was 0.5 percent lower in early trade. (Reporting by Khettiya Jittapong; Editing by Alan Raybould)

10% in two days is quite a wild swing for a big company,

[Ace of Pop]

Shareholders who bought into anything Shin new he was a Shister,so what if they loose. Alpine Land etc , the list is endless.