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 Key figures of the six coalition parties join hands to announce the nomination of deputy People Power party leader Somchai Wongsawat for prime minister yesterday at a Bangkok hotel. — Pawat Laopaisarntaksin Deputy leader of People Power party (PPP) Somchai Wongsawat was elected prime minister by parliament as expected on Wednesday morning with a solid 298 votes from PPP and the coalition. (BangkokPost.com) - The Supreme Court on Wednesday postponed its verdict on the land purchase case against ex-premier Thaksin Shinawatra and Khunying Potjaman until Oct 21, because the couple should be present. Acting Prime Minister Somchai Wongsawat said on Tuesday he was certain that politicians could haggle a new government - and said he had not even considered dissolution of the House. The Supreme Court issued a second arrest warrant for ousted premier Thaksin Shinawatra on Tuesday after he failed to appear for a case charging him with influencing the Export-Import Bank's four-billion-baht loan to Burma four years ago.   Somchai secures backing, set to be PM Deputy leader of the People Power party (PPP) Somchai Wongsawat is poised to become prime minister after securing backing from a rebel faction and the five coalition partners yesterday. Insurance regulators urge calm Insurance regulators yesterday called on policyholders of industry giant American International Assurance (AIA) to remain calm amid the turmoil in the global financial markets. Ratchada verdicts likely today The Supreme Court's Criminal Division for Holders of Political Positions may deliver its verdicts on the Ratchadapisek land deal today despite the absence of the defendants, former prime minister Thaksin Shinawatra and his wife Khunying Potjaman. xxx
The collapse of Lehman Brothers Holdings, the largest bankruptcy in US history, could disrupt Thailand's prime office market, as the 158-year-old investment bank is one of the largest holders of commercial space in Bangkok. Lehman's global assets, listed at $639 billion as of May 31, include an estimated 50 billion baht worth of ''grade-A property, hotels and offices in Thailand'', according to Krisada Kaweeyarn, the executive adviser for Lehman's Bangkok office. Bloodletting continues as bank selloff thumps SET Thai shares dropped 2.78% as world markets tumbled over continued fallout over the collapse of the Wall Street icon Lehman Brothers. MBK, Siam Piwat taking over Seri Center After attempting for 14 years to establish its presence in the capital's hotly contested retail market, the operator of Seri Centre has decided to sell the business for 975 million baht to MBK and Siam Piwat. Taekwondo has come a long way, but there is still work to do The 29th Olympic Games in Beijing finally came to a close. Each and everyday during the Games was exciting and memorable with many new records set. Thai twins Sonchat and Sanchai ready for Thai Open Thai twins Sonchat and Sanchai Ratiwatana are ready to defend their doubles title at next week's Thailand Open at Impact Arena, Muang Thong Thani. US focused as they bid to take control The US have a much better record over Europe in the Ryder Cup with 24 wins, 10 defeats and two halves going into the 37th edition at Valhalla in Kentucky this weekend. Sri Lanka jets bombs house visited by top rebel Sri Lanka's air force jets Wednesday bombed a house in the northern jungles believed to be frequented by the leader of the Tamil Tiger rebels. Thaksin's in-law elected new Thai PM Lawmakers elected a brother-in-law of deposed Prime Minister Thaksin Shinawatra as the new leader of Thailand on Wednesday, a development likely to intensify country's heated political crisis. World's shortest man, leggiest woman meet Trafalgar Square routinely serves as a stage for mimes, jugglers and other acts, but the tourist attraction drew an exceptionally curious crowd Tuesday when the shortest man who can walk met the woman with the longest legs. |
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