June 19, 2014
When you hear that Thailand is currently under a “military coup” a natural question would be are the business and financial markets continuing to operate, and if so, is it safe. The short answers are (respectively) a resounding, yes and yes.
Thailand is no stranger to military coups. As a matter of fact, as noted by Business Insider reporter, Michael Kelley, "The Thai military has staged 18 successful or attempted coups since 1932.” In fact, several of those coups and attempted ones have occurred in Thailand since Tiger-Consulting opened its doors in 1990.
Just a few weeks ago, the Thai Army announced on local television that it was assuming power of the country. Since then, the markets have remained strong. In addition, the Thai Baht has only weakened minimally against the dollar.
Other factors contribute to our country’s “business as usual” status in Thailand. One of them is that the country has become-if anything-more stable since the military took over in response to anti-government protests spurred by the earlier ousting of Prime Minister Yingluck Shinawatra.
Thailand is no stranger to military control. The country and its leaders respect the need for business and tourism to continue through these times of change.
The Thai people are resisilant and persevere with grace through these situations. Political conflicts have always had minimal impact on local business and financial markets here, and because they do occur periodically, the Thai people and long term investors don’t tend to overreact to short-term transitions.
We are open for business and the markets are thriving. Join us.
Founder & CEO, Tiger-Consulting