The Thai stock market has been the best performing of the biggest Asian markets since May. The SET index has increased by more than 20 percent since its May low. “Foreigners are starting to invest in Thai equities again on strong earnings and economic growth,” Supakorn Soontornkit, chief investment officer at MFC Asset Management...
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The Thai economy continues to suffer due to a large drop in export. The head of the Tourism Council of Thailand does not see any positive factors for the touristm sector.
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The Thai economny contracted more than expected in the first quarter. Political stability is the key to create growth later in the year.
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Thai consumers are turning more negative - the consumer confidence index is at its lowest in seven years.
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Is Thailand turning the corner? The business sentiment seems to be improving. The Finance Minister belive the economy has bottomed out and will show an improvement in the 2nd quarter.
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