Thais use social media to call for a boycott of Siam Commercial Bank

Thais, on Sunday, were using social media platforms to call for a boycott of Siam Commerical Bank for its perceived connection to the country’s conservative institutions.

Tens of thousands of pro-democracy demonstrators braved rain and heat to rally in Bangkok this weekend with speeches and events that broached subjects previously considered taboo for public discussion.

Among the subjects discussed by the protesters was the role that the Crown Property Bureau played in governance and ultimately who the CPB belongs to.

The call to boycott SCB by the protesters came up during speeches about Thailand’s lack of sovereign wealth fund and the massive amount of money the CPB has.

As one of the main shareholders of the bank, SCB became a target for the protesters with calls to make bank-runs and close accounts.

The hashtag #แบนscb (Ban SCB) gained more than 347,000 tweets by Sunday evening. Many protesters showed their accounts emptied of cash or made plans to do so.

Calls to SCB’s investor relations department were not returned.

Stock Price Info

Stock Fundamental

Peer Comparison

Stock Price Chart

COVID-19

Government introduces new measures to combat pandemic but stops short of introducing curfews

The government announced new regulations on Friday to help stem the tide of the third wave of the pandemic...

Latest article

Government introduces new measures to combat pandemic but stops short of introducing curfews

The government announced new regulations on Friday to help stem the tide of the third wave of the pandemic which has infected thousands across...

American academic has work permit terminated by Thai government

A foreign scholar, who wrote about politics and the lese-majeste law in Thailand, had his work-permit revoked on Friday after security officials had earlier...

Third wave not expected to subside until June

Internal discussions within the government and the public health ministry suggest that the current wave of the pandemic will not be brought under control...

Opinion: A school banned ‘abnormal’ sexualities so I filed a lawsuit

In 2015, the Thai legislative body passed the Gender Equality Act which outlaws discrimination based on sexes (including sexual orientation). The bill has garnered...

Opinion: Spare a thought for our friends in jail during the holidays

If we think back to the last year at Siam Square when the government deployed water cannons against high school students, we can remember...