Shutdown damage put at B200bn

The shutdown of Bangkok threatened by anti-government protesters could create economic damage of up to 200 billion baht, says the Pheu Thai Party.

The People's Democratic Reform Committee (PDRC) rallies led by former Democrat MP Suthep Thaugsuban have so far caused more than 70 billion baht in economic damage, said Pheu Thai deputy spokesman Anusorn Iamsa-ard.

If the PDRC really shuts down the capital as threatened on Jan 13, foreign investors will no longer have confidence in Thailand, Mr Anusorn said on Saturday. Foreign capital inflows will be reduced substantially, and prices of shares on the Stock Exchange of Thailand would sink, worsening the ongoing economic slowdown, he added.

The SET lost 5.7% of its value on the first two trading days of this year, the worst start to a year for the local stock market since 1988.

Mr Anusorn called on businessmen and others who have been supporting the anti-government rallies to think twice before joining the planned "Bangkok shutdown".

He warned that it could take more than 10 years to heal the economic damage if the event really occurs.

In a related development, Caretaker Deputy Prime Minister Surapong Towichakchaikul warned the public that the planned Jan 13 shutdown would be illegal.

Speaking in an address televised by the Television Pool, he said disruption on the scale threatened by Mr Suthep would be a violation of the law and would create difficulties for citizens and business operators.

The government had directed all state agencies to come up with backup plans for the possible capital shutdown, he added.

Legal actions would be taken against all PDRC co-leaders who violated the law, said Mr Surapong, who also heads the Centre for the Administration of Peace and Order (Capo).

He urged people not to support the PDRC rallies as they had already caused severe damage to the country.

Mr Surapong also called on people to turn out to exercise their voting rights in the Feb 2 general election in order to bring about peace and allow the country to move forward under a democratic system.

Mr Suthep announced on Friday night that the protesters' main rally stage at Democracy Monument would be shut down on Jan 13.

Rally stages would be set up across the capital at 20 major intersections to disrupt the work of government officials and paralyse Bangkok to pressure caretaker Prime Minister Yingluck Shinawatra to step down, he said.

Share your thoughts

Discussion 1 : 05/01/2014 at 02:57 AM
Leotro You talk about rants. The poster is pointing out what the govt has screwed up. By your post you are not willing to listen.
Discussion 2 : 05/01/2014 at 01:10 AM
200Bn loss. Pros and cons, you take responsibility.
Discussion 3 : 04/01/2014 at 11:45 PM
Foreigners should be warned the possibility of Bangkok and or Thailand shut down from the outside world. from iPhone application.
Discussion 4 : 04/01/2014 at 07:58 PM
One thing Pheu-Thai MP's will NEVER understand is that some things are more important than money.
Discussion 5 : 04/01/2014 at 07:31 PM
A trip to Dubai does not run a country. soltair, gleentea take a few moments to think about how utterly illogical your argument is. A country of 68m governed by Skype or phone?
Discussion 6 : 04/01/2014 at 07:21 PM
How is this number believable, PTP have never told the truth, so why should this be any different? If he is so sure about speculation, why not look into the rice scheme and give the public the number, this should be easier as there are no speculation here.
Discussion 7 : 04/01/2014 at 06:20 PM
The PDRC are cleaning the area up them selfs read the new unlike the UDD just go and leave a big mess
Discussion 8 : 04/01/2014 at 05:51 PM
What about the economic impact of your UDDocrats protests? Did they care about what they were doing to the tourism industry or investment market? In a simple answer .... NO.
Discussion 9 : 04/01/2014 at 05:49 PM
That 200 billion is not what the government is spending, it is their estimated loss for the overall economy. The protests have no effect on government expenditures for education, etc. Education money should have been allotted by the PTP government, but they prefer to subsidize rice millers and tablet makers.
Discussion 10 : 04/01/2014 at 05:05 PM
"Mr Anusorn warned that it could take more than 10 years to heal the economic damage if the event really occurs" What if the the PT get their hands on the Trillions ? It could take a generation for the country to recover. Amazing ! What were these people saying back in 2010 ? Have they learnt new vocabulary in the driver's seat ?
Discussion 11 : 04/01/2014 at 05:00 PM
Like running over a policeman with a Ferrari.
Discussion 12 : 04/01/2014 at 04:58 PM
These people are not wearing Jack Boots and swastikas.there only weapon is a whistle my friend.
Discussion 13 : 04/01/2014 at 04:56 PM
Enemy of Thailand, former Democrat MP Suthep Thaugsuban. It would only take 500 Police and 500 Military to march right up to his speeches and march him off to jail. I am sure the Military do not support any enemy of Thailand. Enough flapping in the wind and damaging your own country Mr Suthep.
Discussion 14 : 04/01/2014 at 04:50 PM
I am so sad, this money could have been shared by Thailands provinces instead. 2,5 billion Bath a province for better education of children like books, food and better educated teachers. Now they just throw away 200 billions, again, for nothing good, again. Do not forget the children, they are Thailands future. It is this children how can learn about todays peoples wrongdoing and with good education this children can make Thailand a better world when they grow up and take over the leadership of Thailand.
Discussion 15 : 04/01/2014 at 04:34 PM
Contrarian, it looks like you are good on maths, so can you calculate the damage that pt + your red buddys have done to the economy of Thailand in recent years. (Just to have a comparison ). But anyway, if pt + the dubai baker can reap some profit for themselves, they never think of the damage they cause.
Discussion 16 : 04/01/2014 at 04:31 PM
So the planned shut down on the 13th is deemed iligal , I presume that the actions in November and December where Legal and OK ?
Discussion 17 : 04/01/2014 at 04:27 PM
If they do not talk, there would be lesser support for Suthep. The more they talk, the more people will come out.
Discussion 18 : 04/01/2014 at 04:22 PM
snig27, you must not remember the PT slogan; "Thaksin thinks, PT acts".
Discussion 19 : 04/01/2014 at 04:20 PM
Hahahaha Contrarian "unelected, coup-rooted Govt." Besides you are wrong (again) it's this government trying hard to involve the military. Oh, you did not see this yet.
Discussion 20 : 04/01/2014 at 04:13 PM
I have always kept my point of view to myself and although it changes nothing even when I say, I still feel better off saying it out. First of all, there are no winners in this situation and it's so unfortunate that nobody cares about the outcome of there actions. supposedly that the PM where to resign and the reform takes place allowing the people's , what next? Will the Red shirt ever lay low to the outcome? Its like a circle that never ends and unless people can accept the truth and for the sake of all in Thailand, work together to find a common grounds to work on, then I guess it's back to 1933.
Discussion 21 : 04/01/2014 at 04:08 PM
Indeed Juli, "Few businessmen are capable of being in politics, they don't understand the democratic process, they have neither the tolerance or the depth it takes. Democracy isn't a business. Malcolm Forbes " Say no more.
Discussion 22 : 04/01/2014 at 04:06 PM
Yes Snig27, that's how absurd it really is, plenty of proof though. His underlings visit him an mass to receive his blessings, read the news Snig.
Discussion 23 : 04/01/2014 at 03:54 PM
It probably cost more than that just to clean up. Look at all the graffiti they left on the monuments.
Discussion 24 : 04/01/2014 at 03:52 PM
Or the money goes under the table. Why should the poor have it when the elites of both parties can get their hands on it.
Discussion 25 : 04/01/2014 at 03:49 PM
Economic impact didn't concern the "airporters", so why would they be concerned now....They are mostly the same people....Unelectable coup-mongers of 2006 and today....The fact that the first election since their 2006 caper threw them out on their ear, hasn't fazed them...They are so absolutely convinced they have the market cornered on Political awareness, elections be damned.....Like a regional Red Shirt leader stated, "we will not let that electoral minority control us"....The 2010 R'song uprising was against an unelected, coup-rooted Govt....this one against an Internationally sanctioned free and fairly elected one....
Discussion 26 : 04/01/2014 at 03:43 PM
So you, are you an expert in political analysis, economy, environmentalism education? If so why not give yur proposals instead of rants. I would be willing to listen.
Discussion 27 : 04/01/2014 at 03:42 PM
Are you seriously going to compare the shutting down of a few intersections, with the genocide of millions of people (based purely on their nationality/religion)? If I recall, the person who you are referring to from the outset aimed for world domination. Last time I checked, domination of Asoke and Ratchaprasong intersections was not considered "The World" #DRAMAQUEEN
Discussion 28 : 04/01/2014 at 03:40 PM
It does not matter. If the rice scheme is deemed so bad that voters will want to elect another party then fine. Otherwise bad ideas are not justification for worse ideas, like toppling yet another elected government, for the fourth time since 2006.
Discussion 29 : 04/01/2014 at 03:39 PM
As long as AV is being charged with murder, the police and govt will never enforce the law for fear of PM also being charged with murder should anyone die.Again, PT only have themselves to blame for the mess they are in, you reap what you sow Surapong!
Discussion 30 : 04/01/2014 at 03:15 PM
Reality must be a distant friend if you really think that a country like Thailand could be governed by one man via phone or skype from Dubai. Think about the implied lack of logic in the notion. I'm no fan of Thaksin but the idea that he's running Thailand is just absurd.
Discussion 31 : 04/01/2014 at 03:14 PM
200 baht is only an estimate, other analyist predict much higher cost which these money can actually help the very poor and neglected people of Thailand, His Majesty subjects.
Discussion 32 : 04/01/2014 at 03:09 PM
Does the 200 Bn include the kick backs the PTP Clan would have earned from contracts?
Discussion 33 : 04/01/2014 at 03:09 PM
His reply would be total denial "Were there any riots in 2010 I do not remember them."
Discussion 34 : 04/01/2014 at 03:07 PM
May be the government should look at way to work with the PDRC it if they are right or wrong instead of just saying how much it's going to cost I also believe Thailand is still paying off the damage the UDD when the blocked off central world area Start to look at both sides instead of just one side
Discussion 35 : 04/01/2014 at 03:04 PM
Yes but she is not the leader the true leader will not let here step down by the signs we see.
Discussion 36 : 04/01/2014 at 02:56 PM
Just curious, among the PTP's backers, why would any farmer care about GDP losses? Doesn't affect them!
Discussion 37 : 04/01/2014 at 02:41 PM
PT can estimate cost of protest and the losses. Has PT disclosed the estimate cost of the rice scheme and its losses?
Discussion 38 : 04/01/2014 at 02:27 PM
The PT "caretaker Government" could easily avoid the feared economic damage by resigning, thus making way for the reforms needed to make Thailand a more democratic and less corrupt country. In any case, the feared damage from the current anti-government protests is minuscule, when compared to the damage the country will incur by PT's intended 2 trillion B loan, their environment-destroying water management scheme, their corrupt rice-scheme, the tablet policy, etc.
Discussion 39 : 04/01/2014 at 02:21 PM
Did Chamlong and his friends ever paid for the damage they cased with the blockade of the airports in 2008...? People learn only out of sanctions and while there are still red shirt protesters in Jail, some people in Thailand seem to won this special card from monopoly... - isn't it?
Discussion 40 : 04/01/2014 at 02:12 PM
I think these protesters under Suthep and PDRC leaders are playing the cards wrong. They should have continue to educate the citizens with what the PTP is doing wrong and what laws they broke, educate citizens in every province. Why policies or schemes are unsustainable, shame the politicians for approving no good deals, holding Bangkok and government offices hostage again does nothing constructive, its just the same as being a red shirt again.
Discussion 41 : 04/01/2014 at 01:57 PM
The planned “Bangkok shutdown” on Jan 13 by the People's Democratic Reform Committee (PDRC) is illegal as well corruption plaguing amongst civil servants from the low-paid officers upt to ministry levels.
Discussion 42 : 04/01/2014 at 01:53 PM
Hasn't it been illegal every previous time Suthep has done it?
Discussion 43 : 04/01/2014 at 01:35 PM
Arrest Suthep and the leaders I agree. But how and when? The sooner the better. But how do you arrest a man who has bodyguards toting sub-machine guns as one photograph shows? Easier said than done. Had this been the red shorts the soldiers would have already been bashing in heads long ago.
Discussion 44 : 04/01/2014 at 01:30 PM
Is that the best Surapong can come up with ? "its illegal" . Well Sir the Courts said what you did at 4.30 am was illegal also. A big fuss was made recently about a major drug ring being run from prison-how could a convict be allowed to do this. PTP is no better than this. Thats why people are on the street.
Discussion 45 : 04/01/2014 at 01:27 PM
I am certain that a substantial majority of Bangkokians do not want to see a shut-down of the city. Maybe, between now and Jan 13 they should themselves take to the streets to show Suthep and his followers that what they are doing is not wanted, is unnecessarily destructive and is simply wrong. If it is to be effective any such demonstration must be a totally apolitical. There must be no involvement of Red Shirts and the government too must keep its distance. If so I believe such a demonstration can be carried out effectively and above all peaceably with no physical clashes and certainly no bloodshed.
Discussion 46 : 04/01/2014 at 01:26 PM
Surapong is an idiot! But that's old news
Discussion 47 : 04/01/2014 at 01:24 PM
Suthep says it is only civil disobedeyance and nothing criminal. But a corrupt criminal never understood what is right and what is wrong. There was a very ugly person in history before who also laid open all his plans - he even wrote it in a book before he seized power. The book's title was "Mein Kampf" (my fight) and a huge majority of this nation regretfully blindly followed him and paid bitterly. Does Thailand want to go this way with a maniac?
Discussion 48 : 04/01/2014 at 01:23 PM
What sot of statement is that made by Surapong.Of course it is illegal, any law abiding citizen knows that, but when is the law going to be applied?
Discussion 49 : 04/01/2014 at 01:19 PM
Practically everything that's illegal here is quite legal if you have the right sort of money!
Discussion 50 : 04/01/2014 at 01:17 PM
So do something about it please. But then of course, we wouldnt want anyone to be hurt or even killed, because that would mean someone maybe charged with murder...right?
Discussion 51 : 04/01/2014 at 01:11 PM
A true leader of the people would have step down from power by now, and have someone else (not associated with their family), from their political party take over. This would truly help with the political situation tension in Thailand. I take no side in this political feud since I am just a foreigner in your country. But as a corporate business leader of a multimillion dollar company, if my company reputation and stake was in trouble, and required me to step down, or as we call it in America, "take one for the company" I would. Because in the long run people will remember what I did, and why I did it.
Discussion 52 : 04/01/2014 at 01:08 PM
Surapong Surapong, you are playing a broken record. You know what is really illegal? Taking orders from a criminal hiding overseas. This PT government is (was) his third attempt to stay in charge and by the look of it it FAILED again.
Discussion 53 : 04/01/2014 at 01:01 PM
Where was this outspoken person in 2010 when downtown Bangkok was held hostage by a group of rabble-rouser's for 2-3 months? Heard nary a word.
Discussion 54 : 04/01/2014 at 12:57 PM
Capo, stop 'lawyering' Stop the rhetoric and DO your job! Arrest the protest leaders. They have broken the law and are planning to do so again and again under your very noses. If you guys can't do your job, then I would suggest you close shop.
Discussion 55 : 04/01/2014 at 12:55 PM
Did he say the same about 2010 riots?

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