Investment outlook still shines

 

 

BANGKOK: -- Investment is improving gradually after the investors’ confidence index for the next three months is showing signs of increasing.

 

The improvement was attributed to investments by the state in various infrastructure mega projects.

 

Director-general of the Federation of Thai Capital Market Organisations (FETCO) Kanet Wangpaijit said that investors’ confidence index in the next 3 months is showing signs of improving and would stand at 104.55 points, an increase of about 0.68 per cent from the month of October.

 

The main reason behind the change is mainly due to the new policy which provided better support for state investments and the increase in registered companies’ profit which positively affected the Thai investment market.

 

For confidence index in the month of November, he said individual investor’s confidence stands at 97.3 points, while institutions’ confidence has lowered slightly to 92.86 points, a decrease from the previous month in contrast to the higher number of foreign investors in the country, which has reached 42.86 per cent.

 

Meanwhile Thai Shopping Centres Association (TSCA) President Ms Walaya Jirathiwat said that between 2016-2017 members of the association have planned to invest around 70 billion baht into the sector.

 

She said that income from shopping malls accounts for about 12 per cent of the country’s GDP, noting  that TSCA has targeted to increase the area of shopping centres by 8-10 per cent next year, as the average spending of tourist per head on shopping currently stands at 1,200 baht.

 

Full story: http://englishnews.thaipbs.or.th/investment-outlook-still-shines/

 

-- © Copyright Thai PBS 2016-11-11

The investment outlook is based on what the govt is spending as opposed to foreign investment that crashed in the last couple of years?

The trouble is all these investment types have rosy predictions.  Thailand being one of the worst.

4 hours ago, Thailand said:

The investment outlook is based on what the govt is spending as opposed to foreign investment that crashed in the last couple of years?

well after falling about 90% last year it should not take much to improve this year. thought i read it was down 80% in the first 6 months of this year. that would have meant it was down to almost zero at the start of the current 6 month period. foreign investors dont seem to like military 'governments' especially those who cut the tax incentives for foreign investment.

actually is it foreign investment in thailand or thai money invested in thailand. confusing title.

Edited November 11, 20169 yr by williamgeorgeallen
confused

Never ending crapola!

10 hours ago, Thailand said:

The investment outlook is based on what the govt is spending

And that assumption is questionable.

In October 2016 Deputy Prime Minister Somkid Jatusripitak declared that the government need not implement economic stimulus measures during this time.

http://www.thaivisa.com/forum/topic/949827-deputy-pm-somkid-calls-for-confidence-in-thai-economy/

That leaves only tourism to grow the whole economy.

7 minutes ago, Srikcir said:

And that assumption is questionable.

In October 2016 Deputy Prime Minister Somkid Jatusripitak declared that the government need not implement economic stimulus measures during this time.

http://www.thaivisa.com/forum/topic/949827-deputy-pm-somkid-calls-for-confidence-in-thai-economy/

That leaves only tourism to grow the whole economy.

Ha! So what about something Thaksin probably did over 10 years ago? Or Yingluck or something? 1-0 to me, I think.

14 hours ago, webfact said:

She said that income from shopping malls accounts for about 12 per cent of the country’s GDP, noting  that TSCA has targeted to increase the area of shopping centres by 8-10 per cent next year, as the average spending of tourist per head on shopping currently stands at 1,200 baht.

Yes we need many, many more large shopping malls full of high end handbag shops with 5 staff standing around and no customers. Only 12 per cent of GDP? Is that using the same formula which tells us often that tourism is only 6 per cent?

"Meanwhile Thai Shopping Centres Association (TSCA) President Ms Walaya Jirathiwat said that between 2016-2017 members of the association have planned to invest around 70 billion baht into the sector."

Ms Wallaya Jirathiwat   -  (Chirathivat )

Among its subsidiaries are Central Pattana and the Central Retail Corporation. Its current CEO is Tos Chirathivat grandson of the company founder.

I am sure Ms Wallaya has the best insider information for her position.