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Hotel occupancy rates in central Bangkok have plunged. Conventions have been canceled. Business deals have been postponed. Tourist bookings for coming months are way down. The latest spasm in Thailand's near decade of political upheaval is taking an economic toll as anti-government protesters barricade Bangkok's major intersections and confrontations between protesters and supporters of Prime Minister Yingluck Shinawatra periodically flare into deadly clashes. Since a 2006 coup ousted Yingluck's brother Thaksin Shinawatra as prime minister, Thailand's economy has bounced back from several episodes of violent political conflict. However, the underlying failure to resolve deep divisions in Thai society has diminished its reputation as a reliable country for foreign business and raised the prospect of ever increasing instability.
|Thai Firms Feel Squeeze From Crisis, Seek Solution|
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