Investor sentiment index slightly up

The Thai investor sentiment index has increased for two consecutive months despite capital outflows from new markets. Analysts have forecast that the Thai stock index will be above 1,800 points at the end of 2018.

Chairman of the Thai Capital Market Organizations, Phaibun Nalintharangkun said the investor sentiment index in August was at 108.11, after increasing for two months in a row, and being stable for four consecutive months. Investors were still confident in the Thai economy expected to expand by 4-5%, following the government’s stimulus measures. However, investors were still concerned over capital outflows caused by trade barriers and the U.S-China trade rift, said the chairman.

Analysts and fund managers have predicted that the Thai stock index will stand at 1,803 points at the end of this year with most of the driving factors being the trade policy of large economies such as the U.S., China and Europe as well as the Fed’s signals to increase policy interest rates.

Regarding the direction of interest rates in Thailand, investors believed the monetary policy committee will decide to maintain the benchmark rate at 1.5% to support Thai economic growth.

Information and Source
Reporter : Suwit Rattiwan
Rewriter : Suwit Rattiwan
National News Bureau & Public Relations : http://thainews.prd.go.th

Comments

Development of payment system in PTT gas stations

In the future, those who use the services of PTT petrol stations will be able to make convenient, fast, and safe payments through the PTT e-Wallet system. PTT and Kasikornbank recently signed an agreement to develop the PTT e-Wallet system. The system is expected to be launched in the last quarter of this year in keeping with the national e-payment policy of the government, which encourages more use of financial technology. Ms. Chiraporn Khaosawat, Deputy Managing Director of the Oil Business Unit of PTT Co., Ltd., recently dealt with the introduction of the PTT e-Wallet system as an alternative for customers in paying for goods and services at gas stations, that also offer convenience stores, using an application and cards. Since April, PTT has been using the system of paying for goods using QR codes. As a result, 20% more customers have come in to use the system. Therefore, it is likely that there will be more people turning up to make payments using the electronic system. Mr...

ACMECS leaders to implement master plan for 5-year development cooperation

The leaders of countries participating in the Ayeyawady – Chao Phraya – Mekong Economic Cooperation Strategy (ACMECS) Summit, vowed to implement a five-year master plan for regional development, before the official opening ceremony this morning. The five member countries are Cambodia, Laos, Myanmar, Vietnam and Thailand, which also constitute the CLMVT cluster. Prime Minister Gen. Prayut Chan-o-cha presided over the opening ceremony. The summit is centered on approaches to carrying out the ACMECS Master Plan 2019-2023. The plan is the first of its kind to highlight infrastructure connectivity among the five member nations, as well as joint development of financial regulations and human resources. The summit is also expected to endorse the Bangkok Declaration. The declaration reflects the political intentions of ACMECS countries, while facilitating development cooperation in the region and the unification of the ASEAN bloc. World leaders, including Chinese Prime Minister Li K...

DPM Prawit:Govt yet to set dates for political party meetings

The Deputy Prime Minister for Security Affairs has insisted it is not yet time for the government to set clear dates for meetings with political parties or to lift the ban on political activities. Speaking to the press, Deputy Prime Minister and Defense Minister Gen. Prawit Wongsuwan asserted that the Kingdom has achieved a certain level of reconciliation. He assured reporters that all political activities will eventually be unlocked, and dates will be set for meetings with political parties ahead of the general election. When asked about a push for amnesty by the Palang Prachachat Party for those who have committed political crimes, Gen Prawit said he believes the matter should be discussed by the elected administration. Regarding reports of several political parties expressing their intention to abandon the current administration's 20-year national strategy, Gen Prawit replied that the plan could be amended if later administrations deemed it necessary. However, he claimed t...

Thailand News Agency

Search This Blog