BANGKOK, May 13 (TNA) – Political stability under the new
government remains a big concern among investors, says president of the
Federation of Thai Capital Market Organizations (FETCO).
Phaibul Nalintarangkul commented on Monday that investors
had closely watched post-election political development foreseeing an unstable
government that could result in a fresh election within one year.
With the likely scenario, he urged the new government to
appoint well-experienced ministers to oversee the economy because they must be
able to work right away and to boost confidence in the Thai economy, he said.
External factors particularly US-China trade war required
the next government to find economic stimulants to offset imminent sluggish
export and tourism, said Phaibul.
Strong confidence in politics could turn around investment
climate, prompting foreign investment flow to return to Thai capital markets,
added Phaibul.
Despite dim outlook, FETCO has projected Stock Exchange of
Thailand could hit a record high at 1,800 points this year.(TNA)
