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The Other Thai Uprising

Posted by: Christian Madera
Thanks to: John Koch-Schulte
28 September 2006 - 1:00pm

The new Thai military junta is freezing big box stores expansion programs in an effort to protect the remaining small stores.

"When the Thai military decided to take control of their government last week, there was already another uprising of sorts -- this time on the economic front -- that was constantly in the news in Bangkok. Like the political uprising, this one was also directed at a big figure whose name starts with "T."

Tesco, the UK retail chain whose Lotus stores have been sprouting all over Bangkok and beyond, has been the object of protest particularly from small Thai retailers fearful for their livelihoods...over half of small groceries have closed in Thailand over the past 5 years as big box stores have increased their presence.

Recent reports have it that Tesco has backed down and suspended plans of opening new Lotus outlets in Thailand, thus appeasing this particular Thai uprising for now."

Full Story: The other Thai uprising
Source: Inquirer (Philippines), September 24, 2006
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“
The decision to abandon a property is a symptom of the loss of confidence. And while abandonment certainly affects confidence among surrounding homeowners, the most important question to answer is not "how do we deal with abandoned properties?" but "what is the most cost-effective way to restore market confidence, and how do abandoned properties fit into that picture?"
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