ID :
103073
Thu, 01/28/2010 - 09:43
Auther :
Shortlink :
http://m.oananews.org//node/103073
The shortlink copeid
Thai economy still engulfed by risk factors
BANGKOK, Jan 28 (TNA) – Thailand’s economy remains engulfed with many risk factors that need to be closely monitored, particularly the mounting political uncertainties and impacts from the investment project suspension in the Map Ta Phut Industrial Estate, according to a prominent academic.
Speaking at a seminar on “Monitoring Economic Crisis and Stock Market Direction in 2010,” Ekkachai Nittayakasetwat, dean of the National Institute of Development Administration’s Business Administration Faculty, said the problems, if allowed unsolved, would make the gross domestic product (GDP) this year grow only 1 per cent, not 3 per cent as many expected earlier.
Other risk factors include the possible global economic setback, fuel price rise by over US$100 per barrel, stronger baht, terrorist attacks, increasing public debts, bubble in the property and stock markets, and impacts from the global warming.
Sukij Udomsirikul, executive vice president of the SCIB Research Institute, said the Stock Exchange of Thailand (SET) composite index is likely to fall in February due to negative internal and external factors.
The internal factors include the political uncertainties and the mounting protests by the anti-government red-clad demonstrators prior to the court’s ruling on the seizure of fugitive ex-premier Thaksin Shinawatra’s assets valued at Bt76 billion.
The external factors include measures issued by the US and Chinese governments to contain loosing financial transactions by financial institutions, which could affect the liquidity in stock markets around the world.
Given the factors, he projected the SET index is likely to move in a range of 550-880 points for this year. (TNA)
Speaking at a seminar on “Monitoring Economic Crisis and Stock Market Direction in 2010,” Ekkachai Nittayakasetwat, dean of the National Institute of Development Administration’s Business Administration Faculty, said the problems, if allowed unsolved, would make the gross domestic product (GDP) this year grow only 1 per cent, not 3 per cent as many expected earlier.
Other risk factors include the possible global economic setback, fuel price rise by over US$100 per barrel, stronger baht, terrorist attacks, increasing public debts, bubble in the property and stock markets, and impacts from the global warming.
Sukij Udomsirikul, executive vice president of the SCIB Research Institute, said the Stock Exchange of Thailand (SET) composite index is likely to fall in February due to negative internal and external factors.
The internal factors include the political uncertainties and the mounting protests by the anti-government red-clad demonstrators prior to the court’s ruling on the seizure of fugitive ex-premier Thaksin Shinawatra’s assets valued at Bt76 billion.
The external factors include measures issued by the US and Chinese governments to contain loosing financial transactions by financial institutions, which could affect the liquidity in stock markets around the world.
Given the factors, he projected the SET index is likely to move in a range of 550-880 points for this year. (TNA)
