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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

National News Bureau of Thailand

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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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Business

Political uncertainties send Business sentiment to 15-month low

The TCC Confidence Index figure in May 2019 is recorded at 47.7, which is the lowest in 15 months, with lower indication scores in all regions including Bangkok and neighbouring provinces.

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BANGKOK, 21 June 2019 (NNT) – Uncertainties regarding the forming of a new government and trade war concerns, have resulted in confidence among business operators in May 2019 continuing to decline, reaching a 15-month low, as shown in the latest TCC Confidence Index.

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Asean

Thai Prime minister opens ASEAN Business Summit

Thailand has gone through restive situations and solved obstacles to national development, such as the illegal, unregulated and unreported fishing and human trafficking, as well as facilitated doing business to upgrade the country’s competitiveness.

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BANGKOK, 21 June 2019 (NNT) – Prime Minister Gen. Prayut Chan-o-cha delivered a speech, entitled ’the Future of Thailand and ASEAN’, during the fifth Bloomberg ASEAN Business Summit. The premier confirmed that Thailand, as chair of ASEAN this year, has had the potential and is prepared in all aspects to make progress alongside the ASEAN community.

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Business

King Power bags duty free contract at Thailand’s four major airports

King Power Duty Free Company won the contracts to operate duty free shops at Suvarnabhumi International, Phuket, Chiang Mai and Hat Yai airports

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The board of Airports of Thailand (AOT) today endorsed the bid committee’s decision to award the contracts to operate duty free shops at Suvarnabhumi International, Phuket, Chiang Mai and Hat Yai airports, and to manage commercial areas at Suvarnabhumi International airport, to King Power Duty Free Company.

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