Industry blues: Thailand’s TISI takes a double dip, blaming government formation woes

[snoop1130]

 

The Thailand Industry Sentiment Index (TISI) suffered another setback after experiencing a decline for the second month in a row, partly due to uncertainties surrounding the formation of a new coalition government. In May, the TISI dropped to 92.5 points from 95 in April.

 

Kriengkrai Thiennukul, chairman of the Federation of Thai Industries (FTI), cited issues in setting up a government and the political situation as significant factors in the TISI decline.

 

Despite the Move Forward Party (MFP) securing the most votes in the May election and quickly partnering with seven other political parties, doubts have risen over MFP leader Pita Limjaroenrat‘s alleged violation of Section 151 of the organic law on the election of MPs. Kriengkrai questioned whether the Senate would vote in favour of Limjaroenrat’s prime ministerial candidacy.

 

The TISI decline is influenced by domestic political uncertainty, an export downturn, and the impact of global geopolitical conflicts on business confidence.

 

The TISI reading for May is based on a survey of 1,327 entrepreneurs across 45 industries. Kriengkrai highlighted that domestic political uncertainties are causing concern among manufacturers and exporters as shipments experience a slowdown.

 

By Alex Morgan

Caption: Photo courtesy of Bangkok Post

 

Full Story: https://thethaiger.com/news/business/thai-industry-sentiment-falters-amid-political-uncertainty-and-export-downturn

 

-- © Copyright Thaiger 2023-06-15

 

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[hotchilli]

10 hours ago, snoop1130 said:

Kriengkrai Thiennukul, chairman of the Federation of Thai Industries (FTI), cited issues in setting up a government and the political situation as significant factors in the TISI decline

Blame the EC jokers.

[MrJ2U]

The useless junta government doesn't care.

 

They just want to keep there cushy jobs that have an endless supply of corrupt money pouring into there coffers.

 

It's so blatent!

 

Everyone knows the election committee and the constitutional court members are part of the charade. 

[RichardColeman]

Probably taking a dip due to unelected senators !

[mikebell]

12 hours ago, snoop1130 said:

doubts have risen over MFP leader Pita Limjaroenrat‘s alleged violation of Section 151 of the organic  convenient law

to oust any threat to the present trough-guzzlers.