Thai talibanism : another victory for the ennemies of ThaiBev


Another victory for the thai talibans, a bunch of people (sincere for some, hypocrite for others) who have two obsessions in life : to tell the people what they can do and what they can’t do, and… to prevent… ThaiBev to be listed on the thai stock market.

Again, anti-drinking activists led by Buddhist monks can celebrate jubilantly their success in shooting down ThaiBev’s plan to list the firm on the Stock Exchange of Thailand.

The company, which produces Chang and Federbrau beer, on Monday decided to suspend the plan in the wake of massive demonstrations in front of the SET by thousands of activists and Buddhist monks, who are against the listing of what they claim to be a “sinful business”.

This is the third attempt on the part of demonstrators who have conducted a vigorous anti-ThaiBev listing campaign since 2005. At that time, the company turned to Singapore for a successful listing, instead. (Bangkok Post)

Sinful business ? The moral justification is totally flawed, there is no point to discuss it : nobody has to drink alcohol, and nobody has to invest in a beer maker. And Buddhism is certainly not a synonym for coercion.

This is just talibanism and bigotry. It’s totally, utterly unbearable.

ThaiBev is a legitimate and successful thai company. It went to Singapore to be listed on a stock market… How do you say absurd in thai ?

But eventually, we shal argue : are those protests totally honest and sincere ? Afterall we don’t see protesters in front of the thousands of beer gardens, restaurants, bars, hotels in Thailand serving gazillions of liters of Singha Beer, do we ? So ?

So the questions remain : who are really the ennemies of ThaiBev, and why they want to prevent the company to be listed on the thai stock exchange ?

Welcome to the Rabbit Hole, where economy can blend with politics and dark age stupidity…

6 Responses to “Thai talibanism : another victory for the ennemies of ThaiBev”

  1. 1 magnacacrta 11 December 2008 at 1:31 am

    another beer?????????////

  2. 2 chinesethai 11 December 2008 at 2:22 am

    Fact is the protesters comprised mostly muslims rather than monks and buddhists.

    Protesting against the listing is an awkward way to discourage alcohol consumption.

  3. 3 Rockderk the Great 11 December 2008 at 4:32 am

    Incredible and not a little scary, events of late are like something out of Fellini, but without the rationality. That mass defection to the Dems by the Whores-R-Us faction, Chevalit’s ‘enlightenment’, Superthug (even) being considered for PM, idiots protesting about a company listing, the forgotton war in the south, the glaring hypocrisy. And nobody home…I mean the whole thing is positively Homerian – no , not that Homer.

  4. 4 FDL 11 December 2008 at 6:59 am

    A pity. ThaiBev should have made a pretty good addition to SET index. I could have bought myself a few ThaiBev shares too . . . But I guess those Thailibans won’t make any impact on my regular consumption of beer and whisky for now.

    Those Thailibans would do better to try to close those Patpong/Soi Cowboy bars and they would really be in for some rough, very very rough, street tumble.

  5. 5 ThaiCrisis 11 December 2008 at 7:09 am

    I certainly would have been a buyer too !

    And even a big one. You see guys, I’m not always pessimistic. 😉

    I really think that one sector is working well during economic crisis…. always… beverages. With alcohol.


  6. 6 fall 11 December 2008 at 2:13 pm

    A sin tax?
    Oh, dont forget tobacco. It’s cost 3 baht for a pack of dry tobacco and 5 baht for wrapping paper(rural area). And they sell Marlboro for 100+ a pack! Freaking rip-off, I say!
    Who need stupid cigarette filter! Lung cancer, I already got that from car pollution, thank you.

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Thailand Crisis

Coup, Economic slowdown, Terror In the South... The situation is worsening in Thailand. Bumpy road like often before.

But this time, it's different.

The key to understand the present turmoil is the inevitable... succession of King Bhumibol.

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