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Business community backs government’s security measures for Red Shirt protest

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Thailand’s private sector on Monday voiced support for the government’s plan to enforce the Internal Security Acts (ISA) March 11-23 to maintain law and order during the Red Shirt’s weekend demonstration as a precautionary measure.

Board of Trade of Thailand and Thai Chamber of Commerce deputy secretary-general Pornsilp Patcharintanakul said he agreed, speaking personally, with the government’s planned application of the security measures to prevent possible disruption during the Red Shirt rally.

If the government waits too long and uses the security acts after violence occurs, Mr Pornsilp said, the situation may become chaotic and more difficult to control as happened in April last year.

Mr Pornsilp said the ISA is expected to be applied in specific areas where anti government Red Shirts from the United Front for Democracy against Dictatorship (UDD) will protest. He said it would not impact foreign investor confidence.

If the demonstration calls for democracy, there will be no problem, as that is acceptable among the business community.

“Businessmen don’t want violence, fighting and turmoil because it would cause [economic] losses and tarnish the country’s image. While the Thai economy is currently recovering”,

Mr Pornsil said, if political unrest occurs, it will have negative impact on investor confidence as well as the tourism industry.

via Business community back’s government planned security measures for Red Shirt protest.

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China’s economy stumbles on power crunch

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BEIJING (Reuters) – China’s economy hit its slowest pace of growth in a year in the third quarter, hurt by power shortages, supply chain bottlenecks and major wobbles in the property market and raising pressure on policymakers to do more to prop up the faltering recovery.

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Thailand aims to push its games and content industry

After almost a year under the pandemic, the number of game players in Thailand rose to 32 million and helped the market generate over a billion dollars in 2020, according to NewZoo, an international analytics and market research group.

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Currently, key digital organizations involved in the economy are joining forces to push the Thai gaming industry, so as to attain the level of a regional hub.

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