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NEW UPDATES Asean Affairs   20 December 2013  

Thai industrialists’ confidence worst in 2 years

Thailand’s monthly Industrial Sentiment Index (TISI) plummeted to its lowest in 24 months at 90.3 mainly due to the months-long political turmoil, an industrialist said today.
Payungsak Chartsuthipol, Federation of Thai Industries (FTI) chairman, said the latest TISI in November declined 2.5 points from 92.8 in October.
The political conflicts have an impact on the overall economy and consumption given decreasing purchase and sales orders, he said, calling for cooperation among all factions to urgently the disputes.
He said operators of small and medium industries have suffered from financial liquidity which compels them to slow down their investment and business expansion.
He predicted the index in the next three months at 101.4, a decline from 102.4 in October, adding that industrial operators’ sentiment index in November was also lowered in domestic and international markets.
Political issue has become the highest concern among industrialists in addition to the problems of oil price, currency exchange and borrowing interest rate, said Mr Payungsak.
The FTI chairman urged the public sector to extend low interest loans to ease small and medium enterprises’ liquidity and elevate their production standard to meet global requirement as well as boost their competitive edge.
The government should seriously and successively solve the political disputes and corruption, he said.

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






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