Two days after the head of Thailand’s army declared martial law on the protest-ridden country, General Prayuth Chan-ocha on Thursday announced a military takeover of the government, explaining that a coup was necessary in order to maintain stability.
Chartchai Singhadeja, executive director of Thai Garment Manufacturers Association, said by phone that there are still no details as to how long the takeover would be, or what it would entail for the business community.
“[The army] think it’s the best way for the country if they take over the operations and start over again,” Chartchai said, adding that he welcomed such a drastic move from the military. “Before this, we were all lost in space. For six months, we did not know what the [situation of the] country was.”
He also said that while a coup d’etat might seem alarming from an international standpoint, it would ultimately bring security back to Thailand, which could boost investors’ confidence.
Thailand has been rocked with continuous demonstrations for the past six months as anti-government protesters called for the ouster of Prime Minister Yingluck Shinawatra. She was officially removed from her position on May 9, but demonstrations continued in Bangkok as the caretaker prime minister is a part of the ruling party. Since the movement began in November, more than 20 people have been killed and about 700 protesters suffered injuries.
“[T]here are two main problems: the economic problem and the security problem. If we have to choose, security comes first, and then later, we will deal with the business problems,” Chartchai said. “This way is better than letting everything solve itself because I don’t think it will be solved.”
He added that the 400 exporting factories will run as usual, and that the city of Bangkok is functioning like normal — save for a few military checkpoints near “critical areas,” like by government buildings and ministries.
Thailand exported $2.87 billion worth of clothing last year, and TGMA is confident to forecast $3 billion worth of exports for 2014, despite the political unrest in the beginning of the year.
The annual Veuve Clicquot Polo Classic in Pacific Palisades this weekend drew Kate Hudson, Tracee Ellis Ross, Laura Dern and more. See pictures of the star-studded event on WWD.com. (📷: @chelsealaurenla) #wwdeye
In his new book “Hollywood Royale,” Andy Warhol’s Protégé Matthew Rolston celebrates the Eighties revival of Hollywood glamour. Featuring more than 100 portraits taken by Rolston from 1977 to 1993, the book contains photos of icons like Michael Jackson, Cyndi Lauper, and @drewbarrymore, pictured here in 1991. “Hollywood Royale,” out today, will be accompanied by an exhibition opening at Los Angeles’ Fahey/Klein Gallery on March 1. #wwdeye
"Nowadays when life is not so happy with everything going on in the world, I think people come to me for a little bit of whimsy and color and fun." - Designer Rebecca De Ravenel on her cult-favorite jewelry line. (📸 : @vsteves) #wwd40
“Everyone is talking about how the retail industry is struggling, but I think it’s an incredible time because brands who are doing something different and innovative are setting themselves up for the future,” said @adamgoldston, who founded the luxury athletic brand @apl with his brother @ryangoldsten. The Goldston’s are part of WWD’s 40 under 40: a group of industry notables. See the rest of the list on WWD.com. (📷: @vsteves) #wwd40
@eyeswoon blogger Athena Calderone debuted her first-ever cookbook, “Cook Beautiful,” which is heavily centered on the presentation and visual expression of food. Pictured here are her miso glazed carrots from the book. Get the recipe on WWD.com. (📷: @johnny_miller_) #wwdeye
“It’s passion that helps get anybody to a certain point and it’s what’s propelled me,” said Kith founder @ronniefieg, one of WWD’s 40 under 40: a group of industry notables who are changing the face of retail, fashion and beauty. Fieg, who opened a Manhattan flagship on October 7, began his career at age 13 as a stock boy and salesman for footwear chain David Z. “I think staying true to [my] beliefs, hard work and passion have gotten me to where [Kith] is today.” See the rest of the 40 at WWD.com. (📷: @vsteves) #wwd40
25-year-old @samweaving is about to break out this fall, starring in Netflix’s horror film “The Babysitter,” fittingly out today on Friday the 13th. That’s not the only place you’ll be seeing her, though — Weaving’s got a role Showtime’s “SMILF” and another alongside Frances McDormand and Woody Harrelson in “Three Billboards Outside Ebbing, Missouri.” Though she’s got a full plate at the moment, there’s one role she’s got her eye on: Marilyn Monroe. “I’m a little too young at the moment, but it’s on my bucket list,” the actress told WWD (📷: @dandoperalski) #wwdeye
BFF's Poppy Jamie and Suki Waterhouse celebrated the launch of their bag line Pop x Suki at Nordstrom last night. "The line is really about our friendship, and how we are so different but complement each other," said Waterhouse. 👯 (📷: Katie Jones) #wwdeye
After designing the new @louisvuitton and @bulgariofficial flagships and a @chanelofficial boutique opening in Japan, @petermarinoarchitect has another project on his plate: The Lobster Club. Located in the Seagram Building, it’s the famed architect’s first restaurant project in New York, serving up modern Japanese brasserie-style cuisine. Bronze hues, bespoke material detailing, blush and chartreuse tones and a heavy emphasis on Picasso can be seen throughout. Mark your calendars for Nov. 1 for the much-anticipated opening. (📷: @clint_spaulding) #wwdeye