Thai troops patrolled Bangkok’s financial district on Monday in a show of force as protesters threatened a march on Tuesday that could incite a new confrontation.

With the nearby commercial center already paralyzed by thousands of protesters, the prospect of a demonstration in the financial district seemed emblematic of the economic costs of the monthlong unrest.

Fitch Ratings announced a cut in Thailand’s long-term currency credit outlook to negative from stable, citing the country’s continuing unrest.

The index for the nation’s main stock exchange, the SET, dropped for a third day by 1.3 percent to close at its lowest level in five weeks.

In another indication of flagging confidence, Amata, the country’s biggest seller of industrial land, said some Japanese clients — their biggest customers — had delayed signing deals.

via Thai Economy Reels From Monthlong Unrest – NYTimes.com.

About the author

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Sign Up for Our Newsletter

Get notified of our weekly selection of news

You May Also Like

Moody’s affirms Thailand’s Baa1 rating and keeps outlook stable

The affirmation of the Baa1 ratings reflects Moody’s expectations that Thailand will continue to display economic resiliency to future shocks, underpinned by its large and diverse economy and strong macroeconomic policy effectiveness.

Stock Exchange of Thailand welcomes property developer PEACE

PEACE is a real estate developer focusing on low-rise residential properties for sales, consisting of single-detached houses and townhomes, mainly in Greater Bangkok.

SET Index Series Semi-annual Review

FTSE Russell has partnered with The Stock Exchange of Thailand (SET) to jointly create the FTSE SET Index Series for the Thai stock market representing various sizes of companies, sectors and themes.