Thailand Monument Builder Looks Abroad as Growth Stalls: Economy

Bangkok’s Democracy Monument was erected to commemorate the 1932 coup that ended Thailand’s seven-century reign of kings, and became a rallying point last year for protesters seeking to oust the government. Now, the landmark’s builder is going abroad for the first time in its 84-year history as political instability saps demand at home.

“Because of the uncertainty, government projects are on hold and some have been canceled,” said Khushroo Wadia, managing director at Christiani & Nielsen Thai Pcl. “We are looking for opportunities in neighboring countries like Myanmar, Laos and Cambodia as a way to diversify our risk.”