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DEMOCRACY TRIUMPHS IN THAILAND
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AseanAffairs Magazine May - June 2011
CONTENT • ASEAN TECH
• ASEAN ECONOMY • ASEAN TRAVELLER
• ASEAN MARKETING

• BEYOND ASEAN

• ASEAN POLITICS INSIDE OUT
• ASEAN TALK • BOLD NEW ASEAN

 

 

DEMOCRACY TRIUMPHS IN THAILAND
The election of Yingluck Shinawatra through a peaceful and democratic election may usher in a new period of political stability in Thailand.


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ASEAN AFFAIRS FOUNDER & CHAIRMAN, SWARUP ROY CONGRATULATES PRIME MINISTER-ELECT YINGLUCK SHINAWATRA

Asean Affairs congratulates Yingluck Shinawatra on her election to the post of prime minister in the recent Thai elections. We hope that her election opens a new page in the evolution of democracy in Thailand and our best wishes go to her new government.
S. Roy Founder AseanAffairs greeting Yingluck Shinawatra. Pichai Na
S. Roy, Founder AseanAffairs, congratulates Yingluck Shinawatra. S. Roy, Founder AseanAffairs informing Yingluck Shinawatra on the AseanAffairs TV debate on Thai Elections


                                                                           Economic outlook


Here is a look at some likely winners and losers from the economic policies of the Pheu Thai party.

Pheu Thai plans easier access to credit, social benefits and price subsidies that spur consumption and this should benefit the retail and property sectors.

Convenience store chains such as Charoen Pokphand, retailer Big C, Siam Makro and building materials supplier Home Product Center should also benefit.

In the property sector, Pheu Thai promises zero-percent, five-year mortgages, exemption from transfer and mortgage fees and a 50 percent cut in business tax for first homes priced below 4 million baht ($133,000).

If the policies are implemented, property firms will benefit from both higher demand and lower costs. Leading homebuilder Land & Houses would be a top pick.

Developers that focus on medium- to low-priced homes such as LPN Development, Supalai, Pruksa Real Estate and MK Real Estate could benefit the most.

Stronger housing demand and populist spending in rural areas should boost spending on house renovation in the provinces, helping building material firms such as Siam Cement and Siam City Cement.

Pheu Thai is also expected to implement a policy of returning taxes to first-time car buyers, which should stimulate demand and benefit car parts makers such as Somboon Advance Technology and AAPICO Hitech.

Pheu Thai also plans to raise minimum wages, which would push up operating costs in the labor-intensive electronics sector.

Integrated circuit packager Hana Microelectromics, Star Microelectronic and Cal-Comp Electronics may be affected.


                                                                         Infrastructure


Spending on infrastructure projects should continue, but some projects may be delayed due to the change in government. Italian-Thai Development could benefit most from spending, followed by Ch. Karnchang.

However, Sino-Thai Engineering and Construction may be hurt by Pheu Thai’s victory. ChaowaratCharnveerakul, leader of the Bhum Jai Thai Party -- a member of the outgoing coalition of the Democrat Party -- is a founder of the company.. ..........

 

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