Private sector waits for new economic ministers to raise investor confidence

The private sector says they’re waiting to see the new ministers emerge from the current negotiations that will be in charge of economic portfolios, who may raise the confidence of investors. Meanwhile, the Consumer Confidence Index was at 77.7 in for the month of May, the lowest in 19 months.

Thanawat Pholvichai, director of University of the Thai Chamber of Commerce’s Economics and Business Forecasting, said a new cabinet is expected before the end of this month following the recent election of a prime minister last Wednesday. In particular, private investors are hoping the economic ministers will adjust policy to raise investors’ confidence.

“The coalition government would continue to steer policy matters.”

Mr. Thanawat disclosed that the Consumer Confidence Index dropped to 77.7 in May, the lowest in 19 months, due to people’s concerns over political uncertainties and fears of the trade war between the US and China which is affecting Thailand’s export industry. The prices of farm goods remain low, thus restraining the purchasing powers of the farmers.

SOURCE: National News Bureau & Public Relations

Business NewsThailand News

Thaiger Talk

Join the conversation and have your say on Thailand news published on The Thaiger.

Thaiger Talk is our new Thaiger Community where you can join the discussion on everything happening in Thailand right now.

Please note that articles are not posted to the forum instantly and can take up to 20 min before being visible. Click for more information and the Thaiger Talk Guidelines.

Click to comment

Leave a Reply


If you have story ideas, a restaurant to review, an event to cover or an issue to discuss, contact The Thaiger editorial staff.

Related Articles

Leave a Reply

Check Also