Recent Bombings, Erratic Military Government Cause Jitters in Thailand

Recent Bombings, Erratic Military Government Cause Jitters in Thailand

BANGKOK, Thailand -- While a jittery Thai capital has been warned to brace for more bomb attacks from unidentified terrorists, the country's military-installed government is sowing fear among Thailand's foreign business community.

New laws promulgated by the unelected interim regime following the September army takeover seem to have less to do with the coup's professed aim of putting the country back on the road to national unity than with blatant nationalism.

Foreign companies in Thailand are seething in the wake of a law that tightens restrictions on foreign business ownership. This follows a clumsy diktat in late December on foreign investment in stocks that sent the Thai stock market plummeting to its worst-ever one-day drop before the regime amended its action.

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