Thailand: Investor confidence expected to rise sharply in March
Investor confidence is forecast to soar following recent Thai economic expansion, continuously increasing stock market index and the global economic recovery.
Investor confidence is forecast to soar following recent Thai economic expansion. (Photo: Reuters)
Bangkok (NNT/VNA) - Investor confidence is forecast to soar following recent Thai economic expansion, continuously increasing stock market index and the global economic recovery.
The Federation of Thai Capital Market Organisations has published an investor confidence report, January 2018 issue, which forecasts the stock market index in the next three months.
In March 2018, the index is predicted to stand at 153.94 points, increasing by 2.08 percent compared to February of the same year. Positive factors for the index hike include higher economic growth, capital inflows as well as the Thai stock index’s increase to 1,753.71 in December 2017.
Such an increase is close to the index’s all-time record high.
The US’ tax policy which is expected to stimulate the US economy is another positive factor for the Thai stock index.
International capital flows and the Thai political situation are among the factors that may negatively impact on investor confidence. The report speculates that the Thai stock index might tumble if the government does not announce a general election this year. Furthermore, if the government raises the policy interest rate, funds will move from the capital market to the savings market.
The report predicts that this year’s Thai stock index will move between 1,650 and 1,870 points. - VNA
The Thai National Shippers’ Council (TNSC) believes the export sector could have expanded by no less than 10 percent in 2017 and forecast a 5.5 percent growth in 2018.
Thai Industry Minister Uttama Savanayana has expressed confidence that bidding for five major projects in the Eastern Economic Corridor (EEC) will be completed in 2018.
Thailand’s Central Wage Committee has recommended that the daily minimum wage be increased by 7 percent to 330 baht (10.33 USD) in its two most industrialised provinces namely Chonburi and Rayong.
Thailand's Eastern Economic Corridor Management and Development Commission is to propose that the PM consider declaring 19 more areas industrial promotion zones to accommodate 1.3 trillion baht in projected investment.
The Republic of Korea (RoK), China and Japan agreed on May 3 to reinforce the regional financial safety net, along with members of the Association of Southeast Asian Nations (ASEAN), by launching a new financing facility programme meant to extend greater support in case of a financial crisis.
A technical issue combined with an extreme heatwave was blamed for a series of explosions at a military base that killed 20 soldiers and injured several others in Cambodia on April 27, the country’s Ministry of Defence said in a May 2 statement as reported by the Xinhua news agency.
The Customs Department of Thailand is scheduled to commence the collection of value-added tax (VAT) on imported goods sent via postal services, regardless of the goods value, starting in May.
A lecturer from Chulalongkorn University’s Faculty of Medicine has warned Thais to be more vigilant against COVID-19, saying infection rates appeare to be worsening with higher hospital admissions, deaths and severe cases.
Malaysia should harness the collective expertise and resources to drive sustainable growth and development of the halal industry, according to Minister of Investment, Trade and Industry Zafrul Abdul Aziz.
Laos has officially restored the 10% value-added tax (VAT) rate starting May 1, in a bid to support the country’s budget revenue and socio-economic development.
The ASEAN Future Forum 2024 (AFF 2024) entered its second plenary session in Hanoi on the afternoon of April 23, discussing ways to ensure comprehensive security for the people-centred ASEAN Community.
The first session of the ASEAN Future Forum 2024 (AFF 2024) in Hanoi on April 23 focused on fast and sustainable growth for the Association of Southeast Asian Nations (ASEAN).
The Canada-ASEAN Business Council (CABC) and the ASEAN Alliance on Carbon Markets (AACM) have signed a Memorandum of Understanding (MoU) to strengthen collaboration and accelerate the implementation of carbon crediting programmes across Southeast Asia.
ASEAN Secretary-General Kao Kim Hourn reaffirmed ASEAN leaders' commitment to empowering the youth to unleash their full potential when he had a dialogue with ASEAN youth in Hanoi on April 22 on the sidelines of the ASEAN Future Forum (AF 2024).
The Thai Government is being urged to increase the proportion of renewable power generation to more than the target of 50% set in the power development plan (PDP).
The Centre for Volcanology and Geological Hazard Mitigation (PVMBG) of Indonesia on April 21 lifted its tsunami advisory issued previously following the eruption of Mount Ruang in Sitaro district of North Sulawesi province.
Thailand expects to export about 1 million tonnes of durian, valued at an estimated 130 billion THB (3.53 billion USD) this year, with most of the shipments to China, according to Minister of Agriculture Thammanat Prompao.
The 72nd meeting of the ASEAN Working Group on Intellectual Property Cooperation (AWGIPC) and related meetings are being held by the Ministry of Science and Technology’s Intellectual Property Office (IPO) of Vietnam in the central city of Da Nang on April 22-26.
Enhancing regional food security and tackling the pressing challenges of climate change will be key agendas defining Malaysia’s ASEAN Chairmanship in 2025, Speaker of the Dewan Rakyat (lower house) Johari Abdul told the press on April 19.
Investor confidence is forecast to soar following recent Thai economic expansion. (Photo: Reuters) 
