BANGKOK, 7 May 2019 (NNT) – Political sector remains pivotal to investment climate, prompting the Federation of Thai Capital Market Organizations to suggest that investors diversify their portfolio in such volatile situation.
Phaibul Nalintharangkun, the president of the Federation of Thai Capital Market Organizations, said the Investor Confidence Index in May has slightly declined to 104.49, which was in the same range as last month with political sector being closely watched by investors.
However, the federation is confident that the stock index would hit a record high at 1800 this year.
International flows of venture capital to new markets such as Thailand where tourist industry has made outstanding growths remain a supportive factor at the moment.
Given Thailand’s economic growth which has slowed down due to the world’s economic slowdowns, the investors are suggested to monitor the United States’ Federal Reserve Bank’s rate adjustments and development in trade talks between the U.S. and China.
The investors are advised to diversify their portfolio though business performances of listed firms remain positive in the Stock Exchange of Thailand where this year’s index was expected to hit a record high at 1800.
Thai Mango growers complain of low prices and fewer exports
Because of the global COVID-19 pandemic, their mangoes are not being exported, due to fewer buyers, and their prices have plunged to between 10 and 20 baht per kilogram, depending on size.
Mango orchard owners in Thailand’s northern province of Phitsanuloke are seeking help from the provincial administration to promote the sale of their sweet fruit, particularly Barracuda Mango variety.(more…)
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