By Susan Cunningham
Forbes.com | May 15, 2014
Tourist alert! Three people are dead and 22 people are injured in Bangkok after a gunfire and grenade attack on a new protesters’ site early Thursday morning. The anti-government PDRC camp is close to the Democracy Monument–in the city’s prime tourist area.
The deadly violence achieved one of the immediate goals of the anti-election PDRC protesters: parliamentary polls set for July 20 have now definitely been postponed by the Election Commission. The commission’s secretary-general indicated Thursday that the elections are being postponed rather than cancelled: “The situation has to be right and accommodating for an election to take place … We don’t think this is the right time.”
Army Reacts to Fresh Bangkok Violence
Were members of the UDD (United Front for Democracy Against Dictatorship), the so-called Red Shirts who support the present Pheu Thai Party caretaker government, responsible for the shots and grenades last night?
As in most previous incidents–28 people have died since last November in violence related to the protests–we may never know. The grenades and guns were wielded by occupants of a pickup truck that plowed through the protest camp. But the responses of the military and Electoral Commission certainly aren’t what the pro-elections UDD is seeking. The Army chief, General Prayuth Chan-ocha, warned Thursday that if unrest continues, “it will be necessary for the military to launch a full-scale effort to end the violence.” MORE
Jasmine’s Pete Bodharamik
By Susan J. Cunningham
Five years ago Pete Bodharamik was a 35-year-old with a big challenge. He had just taken over as chief executive of Jasmine International, the telecom holding company his father had started back in 1982. It was going through rough times, emerging from years in bankruptcy court after his father had diversified madly on borrowed money in the 1990s.
One of Jasmine’s biggest assets, a 30% share of fixed-line operator TT&T, was in bankruptcy itself. And expectations weren’t high that Pete was the one to turn things around. He had held what he calls a “small job” at Jasmine for a few years, dabbling (and losing) in the dot-com boom, before leaving in 2003. “It was surprising,” one equity analyst recalls. “To many observers he was just a rich boy with a big inheritance. No one thought him capable of cleaning up his dad’s mess.” MORE
By John Koppisch
This is our seventh annual project highlighting the generous and often innovative efforts of the Asia-Pacific region’s most notable givers. We feature biotech entrepreneur Kiran Mazumdar-Shaw, who’s working to improve cancer care in India. And, below, we spotlight the 2013 crop of 48 leading philanthropists in the region. MORE
I contributed to this annual issue of Forbes Asia.
By Susan Cunningham
Southeast Asia Globe
As discount deal websites explode in the region, a Thai company shows how it’s done.
Deep-discount deal sites have been surging throughout the United States and Europe for almost three years, but they were late off the starting blocks in Southeast Asia – arriving only in mid 2010. Since then, they have moved and morphed, bought and sold themselves.
In June 2010, when Tom Srivorakul and his two younger brothers launched Ensogo, the first deal website in Thailand, they employed five people and had a single offer: a 60% discount at ice cream chain iBerry.
A year later, when Ensogo was bought for an undisclosed sum by LivingSocial–the second-largest US deal company with a monthly revenue of $50m as of the start of this year–the start-up had 430 employees, 17 city sites in Thailand, the Philippines and Indonesia and more than two million subscribers to its daily discount deal e-letter … MORE