The US State Department yesterday warned its citizens on their travels to or residing in Bangkok to avoid areas of demonstrations and exercise caution as the current peaceful protests now in the capital could escalate into violence.
It its warning, the State Department said domestic political activists in Thailand are holding large demonstrations at several sites throughout Bangkok, including at several government complexes. These demonstrations may continue throughout the week.
In consideration of these activities, the Thai government has increased the police presence around government buildings and in other locations. Demonstrators moving around the city may cause significant traffic delays.
It said even demonstrations that are meant to be peaceful can turn confrontational and escalate into violence.
It advised its citizens to avoid areas of demonstrations, and exercise caution if in the vicinity of any large gatherings, protests, or demonstrations.
Clear skies over Asia’s new foreign investment landscape?
Compounding the fallout of the US–China trade war, the global pandemic and recession have caused considerable speculation on the future of foreign investment and global value chains (GVCs). But though there is likely to be some permanent change, it will probably not be as great as politicians expect.(more…)
How higher US bond yields will impact Asia Pacific bonds
As financial markets started pricing in stronger US economic growth and inflation because of Joe Biden’s stimulus plan, US bond yields have risen, causing ripple effects across the world, including in APAC.
Following the rise in US bond yields in response to Joe Biden’s stimulus plan and amid higher inflation in some economies, Asia Pacific bond yields have risen significantly as well, especially in Southeast Asia, India, Hong Kong, and Australia. However, Northeast Asian bond yields have risen little.(more…)
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