webfact Posted June 1, 2023 Share Posted June 1, 2023 Policy proposals to tackle monopoly and market dominance outlined by the new coalition expected to form the next government appears to have been given the cold shoulder by the stock market. The SET Index recently traded below 1,600 points, a critical level, and saw significant capital outflows from the bond market. The Move Forward Party-led coalition, which aims to form the next government, has vowed to reform the energy sector which has largely been blamed for high energy prices. The party wants to revise government concessions in renewable energy given to large corporations such as Gulf Energy Development Pcl, a company listed on the local bourse. Some investors even claimed that the party policy is not conducive to market liberalization. The party is also eyeing levying a capital gains tax on stock trading, raising concerns among investors who are worried such a tax will reduce share trading activities and make the SET less appealing. The current government had earlier flirted with the idea of collecting a tax on stock transactions, which was strongly opposed by the financial community. Due to the pushback, the outgoing government held back on the plan to impose a financial transactions tax. Full story: https://www.thaipbsworld.com/is-move-forward-partys-policy-platform-giving-the-markets-the-jitters/ -- © Copyright Thai PBS 2023-06-01 - Cigna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here. The most versatile and flexible rental investment and holiday home solution in Thailand - click for more information. 1 Link to comment Share on other sites More sharing options...
Popular Post ikke1959 Posted June 1, 2023 Popular Post Share Posted June 1, 2023 Monopolistic businesses are under pressure .. of course if new trader come in it will cost them money, as they were protected by the highest institutions.... now they have to do something to keep their profits but with more dealers in the same market they need to re invent things 3 Link to comment Share on other sites More sharing options...
Popular Post scorecard Posted June 1, 2023 Popular Post Share Posted June 1, 2023 33 minutes ago, ikke1959 said: Monopolistic businesses are under pressure .. of course if new trader come in it will cost them money, as they were protected by the highest institutions.... now they have to do something to keep their profits but with more dealers in the same market they need to re invent things 1. There should be a level playing field. 2. For decades there hasn't been. We had laws on this but somehow the big players got past these laws and created mega companies which dominated the market and controlled prices / kept prices at high levels. At the same time this created profitable investments for SET players. But also lacking in ethics and what's morally good for society. 3. These mega companies should be broken up. It can be done. 4. The broken up versions might need to find ways to win customers. That's capitalism at work. 5. And perhaps they should make themselves more kniwledgable about competitive advantage. 6. If this reduces return on SET investment bad luck. 3 1 1 Link to comment Share on other sites More sharing options...
scorecard Posted June 1, 2023 Share Posted June 1, 2023 43 minutes ago, ikke1959 said: Monopolistic businesses are under pressure .. of course if new trader come in it will cost them money, as they were protected by the highest institutions.... now they have to do something to keep their profits but with more dealers in the same market they need to re invent things '... re invent things'. They should make themselves more aware of competitive advantage. Link to comment Share on other sites More sharing options...
Purdey Posted June 1, 2023 Share Posted June 1, 2023 While my business teacher said that monopolies are not good for business, when I worked for a couple of monopolies they thought it was the bees knees. A whole market for them and no competitors. Now, why would they give that up? A government can break up monopolies if it has control, but sharing power with others of a different sensibility will make it doubly hard. Thaksin made more money after AIS phones' IMEIs were unlocked, which shows it can be done. Link to comment Share on other sites More sharing options...
hotchilli Posted June 1, 2023 Share Posted June 1, 2023 6 hours ago, ikke1959 said: Monopolistic businesses are under pressure .. of course if new trader come in it will cost them money, as they were protected by the highest institutions.... now they have to do something to keep their profits but with more dealers in the same market they need to re invent things The rich don't like competition and the new MFP making waves on their cosy set-up. 1 Link to comment Share on other sites More sharing options...
SunnyinBangrak Posted June 1, 2023 Share Posted June 1, 2023 7 hours ago, webfact said: Policy proposals to tackle monopoly and market dominance outlined by the new coalition expected to form the next government appears to have been given the cold shoulder by the stock market. more like fear of yet another extra-democratic intervention by those that can't stay in their lane 1 Link to comment Share on other sites More sharing options...
ThailandRyan Posted June 1, 2023 Share Posted June 1, 2023 10 minutes ago, SunnyinBangrak said: more like fear of yet another extra-democratic intervention by those that can't stay in their lane Yet what occurs if the decide the whole election needs to be redone....that will cause more grief as far as the Baht goes. Link to comment Share on other sites More sharing options...
scorecard Posted June 1, 2023 Share Posted June 1, 2023 44 minutes ago, ThailandRyan said: Yet what occurs if the decide the whole election needs to be redone....that will cause more grief as far as the Baht goes. And seems to me would bring even bigger vote numbers to MFP. (But of course still might need coalition partners and senate votes.) Link to comment Share on other sites More sharing options...
h90 Posted June 1, 2023 Share Posted June 1, 2023 The basically say: Much higher salaries. Spending money on social security like never before massive increase of taxes higher electric costs getting aggressive against the biggest trading partner China. social unrest...we know how it is when the airports are blocked No persons with experience But booze get cheaper Normally that should be all good news for investors, or? Link to comment Share on other sites More sharing options...
zzaa09 Posted June 1, 2023 Share Posted June 1, 2023 3 hours ago, hotchilli said: The rich don't like competition and the new MFP making waves on their cosy set-up. These things can be resolved with substantially filled envelopes and other incentives. Even the most idealistic and honourable politicians can be twisted.......as they usually are - and they cave in eventually. Same as it ever was. 1 Link to comment Share on other sites More sharing options...
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