PM assures investors that capital market fluctuations are temporary

[snoop1130]

Prime Minister Prayut Chan-o-cha

 

Prime Minister Prayut Chan-o-cha has asked investors to look at the strong economic fundamentals of Thailand, as he claimed that the current fluctuations in the capital market are just short-term phenomena, said Traisuree Traisoranakul, deputy spokesperson for the government, today (Monday).

 

The Thai stock market retreated last week due to investor concerns over post-election political uncertainty, as the new government is yet to be formed.

 

Traisuree said that the prime minister is confident that oveall the Thai economy remains strong, driven by tourism recovery, new investments by the private sector, the promotional incentives offered by the Board of Investment and the fact that projects in the Eastern Economic Corridor can proceed without waiting for the new government.

 

Full Story: https://www.thaipbsworld.com/pm-assures-investors-that-capital-market-fluctuations-are-temporary/

 

-- © Copyright Thai PBS 2023-05-22

 

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[stoner]

can i take that as financial advice ? 

[Eric Loh]

SET has nosedived last few days because of the election uncertainty created by Prayut's hairbrained constitution  amendement to include the appointed senators to be involved in the election of the Prime Minister. Investors are not stupid. 

[StayinThailand2much]

Is he about to become a financial advisor for the masses?

[Andycoops]

He is completely clueless when it comes to any economic policy or strategy, with an IQ from an army academy you can't expect anything else.

Bye bye...

[hotchilli]

14 hours ago, stoner said:

can i take that as financial advice ? 

I wouldn't.

[stoner]

28 minutes ago, hotchilli said:

I wouldn't.

what you doubt the generals talents for finance and understanding economics ? :)

Edited May 23, 2023 by stoner

[hotchilli]

31 minutes ago, stoner said:

what you doubt the generals talents for finance and understanding economics ? :)

Totally....

[Pink Mist]

A troll post using a purposely misspelled word to describe the PM as well as a reply have been removed 

[mikebell]

15 hours ago, snoop1130 said:

the prime minister is confident that oveall the Thai economy remains strong,

He was confident he would win the election, eradicate corruption and continue to be Prawit's best friend.  I have little faith in his misplaced confidence.

[spidermike007]

After 9 years of turning Thailand from the once great tiger of SE Asia, into a whiny, sickly, anemic alley cat, and nearly destroying the entire tourism industry, with highly selective, draconian shutdowns, favoring his cronies, and crushing the common man, and other extremely foolish policies, he is now giving advice to investors. 

 

It would be like asking Nicolas Cage for financial advice. Or asking Chuwit how to deal with the failed war on drugs. Or asking Justin Bieber for advice on nuclear fusion technology. Or asking Xi for advice on human rights. Or asking Trump how to demonstrate integrity while getting rich. 

 

Prayuth is a failure. He fails at everything he touches. Thankfully, this charlatan is on his way out, heading toward utter oblivion, and the waste basket of tragic history. 

 

 

Edited May 23, 2023 by spidermike007

[klauskunkel]

Quote

PM assures investors that capital market fluctuations are temporary

He actually knows this time what he's talking about: these are ripple effects caused by last ditch governmental corruption. They will subside when the new government comes in.

Edited May 23, 2023 by klauskunkel

[h90]

With the higher taxes and inflation and carbon taxes with MF the stock market won't look good. But on the other hand if the inflation is high enough the numbers will rise again.

[h90]

3 minutes ago, klauskunkel said:

He actually knows this time what he's talking about: these are ripple effects caused by last ditch governmental corruption. They will subside when the new government comes in.

yes because they want to

 

1 hour ago, spidermike007 said:

After 9 years of turning Thailand from the once great tiger of SE Asia, into a whiny, sickly, anemic alley cat, and nearly destroying the entire tourism industry, with highly selective, draconian shutdowns, favoring his cronies, and crushing the common man, and other extremely foolish policies, he is now giving advice to investors. 

 

It would be like asking Nicolas Cage for financial advice. Or asking Chuwit how to deal with the failed war on drugs. Or asking Justin Bieber for advice on nuclear fusion technology. Or asking Xi for advice on human rights. Or asking Trump how to demonstrate integrity while getting rich. 

 

Prayuth is a failure. He fails at everything he touches. Thankfully, this charlatan is on his way out, heading toward utter oblivion, and the waste basket of tragic history. 

 

 

Your timeline is wrong....The big crash was 1997...than a bit of recovery with the Democrats and Thaksins first term. Than huge damage with the Yingluck rice scam. Which the Prayuth government repaired but than did not do any other reforms....and than killed the last economic activities and tourism with their Covid politics.
Short version: he is to blame but not him alone.....And MF politics will make a short term boom and than long term problems.

[MrMojoRisin]

*caretaker PM

[MrMojoRisin]

1 hour ago, h90 said:

yes because they want to

 

Your timeline is wrong....The big crash was 1997...than a bit of recovery with the Democrats and Thaksins first term. Than huge damage with the Yingluck rice scam. Which the Prayuth government repaired but than did not do any other reforms....and than killed the last economic activities and tourism with their Covid politics.
Short version: he is to blame but not him alone.....And MF politics will make a short term boom and than long term problems.

Huge damage from Yingluck’s government? Even the juntas dodgy figures had total losses at about 1% of gdp

 

Also, your timeline seems to have overlooked the 2006 and 2008 coups - both of which caused immediate and significant damage to the gdp. It is also a matter of fact that the 2014 coup caused more damage to the Thai economy than the rice scheme.

 

 

Why do you persist with the dishonesty?

Edited May 23, 2023 by MrMojoRisin

[h90]

21 minutes ago, MrMojoRisin said:

Huge damage from Yingluck’s government? Even the juntas dodgy figures had total losses at about 1% of gdp

 

Also, your timeline seems to have overlooked the 2006 and 2008 coups - both of which caused immediate and significant damage to the gdp. It is also a matter of fact that the 2014 coup caused more damage to the Thai economy than the rice scheme.

 

 

Why do you persist with the dishonesty?

1% of GDP and many dead farmer...many companies left Thailand. Japan officially complained.

And how can your source know what damage was from the demonstrations (blocking airport, scaring tourists) and what from the coup?
And correct me if I am wrong, I can't remember a 2008 coup.......2006 and 2014
 

[MrMojoRisin]

1 hour ago, h90 said:

1% of GDP and many dead farmer...many companies left Thailand. Japan officially complained.

And how can your source know what damage was from the demonstrations (blocking airport, scaring tourists) and what from the coup?
And correct me if I am wrong, I can't remember a 2008 coup.......2006 and 2014
 

More inaccuracy and dishonesty.

 

In February 2014, the Mental Health Department published the result of their investigation into the suicides of 13 farmers, which was that there appeared to be no connection between these suicides and the delayed payments. This was widely reported in the media at the time.

 

Japan officially complained ????????

What did the juntas coup do for Thailands economy?

 

https://www.straitstimes.com/asia/se-asia/foreign-investment-plummets-78-in-junta-ruled-thailand

 

There was a judicial coup in 2008 that ousted the elected government

 

When the December 2007 elections resulted in a clear victory for a Thaksin-backed party, the former prime minister’s opponents mobilized once again. The PAD took to the streets, creating a crisis of governance, and the Constitutional Court disbanded the Thaksin-affiliated party in 2008. This decision allowed the Democrat Party, a long-time ally of the royalist establishment, to lead the government coalition, setting in motion one of the most violent confrontations in Thai political history.