Bangkok - Thai shares shed 2.86 per cent of their value on Monday as investors remained uncertain about the global outlook despite the US's proposed
700-billion-dollar bailout.
Bangkok - Thailand's revered King Bhumibol Adulyadej swore in the cabinet of Prime Minister Somchai Wongsawat Thursday amid mounting criticism they are not up to the challenges facing the country.
Somchai, who is also serving as defence minister as had former prime minister Samak Sundaravej who resigned earlier this month, said the first cabinet meeting will be held Friday and added the policies of his government will be compatible with those during the Samak administration.
Bangkok - A Thai appeals court upheld a libel conviction against former prime minister Samak Sundaravej Thursday and sentenced him to two years in jail but then released him on bail.
The verdict came after Samak lost his post as prime minister on September 9 when the Constitution Court found him guilty of illegal moonlighting by hosting television cooking shows while he was in office. It is illegal for sitting prime ministers to earn income from a second job.
Bangkok - Thailand's king on Wednesday approved the cabinet lineup submitted by new Prime Minister Somchai Wongsawat and the new ministers are scheduled to be sworn in Thursday, the government announced.
Under Thailand's constitutional monarchy the appointments must be approved by King Bhumibol Adulyadej, who is head of state, and they are official only after they are sworn in by the king.
The 35-member cabinet includes Somchai also serving as defence minister, as had former prime minister Samak Sundaravej who resigned earlier this month.
Bangkok - Thai Prime Minister Somchai Wongsawat submitted his proposed cabinet lineup for royal approval Tuesday and expects to hold his first cabinet meeting as early as late this week.
Under Thailand's constitutional monarchy the appointments are not official until approved by King Bhumibol Adulyadej, who is head of state. Somchai said he would not identify who is in his cabinet until they are approved.
After they are endorsed they can be sworn in and get to work, he said.
Bangkok - Thai shares los
Bangkok - Thailand's revered King Bhumibol Adulyadej swore in the cabinet of Prime Minister Somchai Wongsawat Thursday amid mounting criticism they are not up to the challenges facing the country.
A Thai appeals court upheld a libel conviction against former prime minister Samak Sundaravej Thursday and sentenced him to two years in jail but then released him on bail.
Bangkok - Thailand's king on Wednesday approved the cabinet lineup submitted by new Prime Minister Somchai Wongsawat and the new ministers are scheduled to be sworn in Thursday, the government announced.
Bangkok - Thai Prime Minister Somchai Wongsawat submitted his proposed cabinet lineup for royal approval Tuesday and expects to hold his first cabinet meeting as early as late this week.
