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Private sector adopting a“wait and see” approach to new government

Mr. Thanawat disclosed that the Consumers Confidence Index dropped to 77.7 in May, the lowest in 19 months, due to the people’s concerns over political uncertainties and fears of the trade war between the United States and China

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Private sector waits to see new economic ministers to raise investors’ confidence

(NNT) – The private sector is waiting to see new ministers in charge of economic portfolios who may raise the confidence of investors. The Consumers Confidence Index was reported at 77.7 in May, the lowest in 19 months.

Thanawat Pholvichai, director of University of the Thai Chamber of Commerce’s Economics and Business Forecasting, said a new cabinet is expected within this month following the recent election of a prime minister. In particular, the economic ministers would carry out the performances to raise the investors’ confidence. The coalition government would continue to steer policy matters.

In particular, the economic ministers would carry out the performances to raise the investors’ confidence. The coalition government would continue to steer policy matters.

Mr. Thanawat disclosed that the Consumers Confidence Index dropped to 77.7 in May, the lowest in 19 months, due to the people’s concerns over political uncertainties and fears of the trade war between the United States and China which is affecting Thailand’s export industry. The prices of farm goods remain low, thus restraining the purchasing powers of the farmers

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Thailand aims to push its games and content industry

After almost a year under the pandemic, the number of game players in Thailand rose to 32 million and helped the market generate over a billion dollars in 2020, according to NewZoo, an international analytics and market research group.

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