Thai Investor Confidence Index likely to drop in March

[webfact]

Investor Confidence Index likely to drop in March

BANGKOK, 12 January 2016, (NNT) - Volatility in global markets and currencies is forecast to push down the local Investor Confidence Index by 17.85% to 73.46 in March.

The President of the Federation of Thai Capital Market Organization (FETCO), Worawan Tharapoom, made the three-month projection, citing previous figures. She said the foreign Investor Confidence Index would take the biggest hit, falling 57.15% to 33.33.

Ms. Worawan explained that the massive drop is the culmination of international concerns, and volatility in global markets and currencies, particularly China's weakening yuan. Other key factors include low fuel prices, unrest in the Middle East, and the U.S. Federal Reserve's decision to raise the benchmark interest rate.

According to the FETCO President, government policy would be the most influential element affecting the local stock market. She suggested that the administration find measures to improve agricultural prices, arguing that agriculturalists make up the biggest group of consumers. Ms. Worawan also recommended that the government come up with a plan to effectively deal with the anticipated drought.

-- NNT 2016-01-12

[spidermike007]

Why would anyone have confidence in the governments ability to provide a healthy and robust economy, when all they have done so far, has hurt the economy, and discouraged investors, tourists, ex-pats, and business in general? They are inept, incompetent, incapable, unwilling, unprepared, in way over their heads, and way too full of themselves to recognize any of those pitfalls.

[ikke]

How can confidence drop under zero....this numbers are amazing , there is NO confidence in this Junta, nor in the economy, so zero minus 17,85% what a bs.........

(With no confidence i mean out of English John and the pumpkin....)

[Srikcir]

"foreign Investor Confidence Index would take the biggest hit, falling 57.15%"

With zero export growth, fleeing foreign capital and failing agricultural crop prices, all the government has left for an economic recovery is tourism. Forget domestic capital investment. The government has literally bet the bank on agricultural subsidies and SME financial support while household debt continues unabated. Blue chip Thai companies have begun looking outside of Thailand for economic growth.

What remains for the government is more borrowing and that will now require higher interest rates in conjunction with another currency devaluation. 2016 will be a very hazardous road for the economy and for governance of Thailand.

[elgordo38]

How can confidence drop under zero....this numbers are amazing , there is NO confidence in this Junta, nor in the economy, so zero minus 17,85% what a bs.........

(With no confidence i mean out of English John and the pumpkin....)

If interest rates can go minus zero why can't the confidence level?

[waldroj]

There's good and bad news in this!

The bad news, is it looks like we're in for "negative" growth. But, the good news, is that it will come with a "positive" outlook from the junta.