ID :
107242
Thu, 02/18/2010 - 11:10
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http://m.oananews.org//node/107242
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Investors remain confident of govt’s ability to contain political unrest
BANGKOK, Feb 18 (TNA) – Thailand's domestic institutional investors are more confident of the government’s capacity and competence to keep peace and order in the country following Deputy Prime Minister Suthep Thaugsuban’s discussion of security responses to cope with possible violence from anti-government Red Shirt demonstrators, according to Finance Minister Korn Chatikavanij.
More than 20 Bangkok-based institutional investors from asset management companies met the deputy premier in charge of security affairs and the finance minister at Government House on Tuesday to seek their views on the current political situation.
Speaking after the 2-hour meeting, Mr. Korn said the deputy premier explained to the investors about the ongoing political tension and security measures to prevent untoward incidents.
“Overall, most fund managers have more confidence because Mr. Suthep was able to clarify all doubts about coup rumours and internal conflicts among the government [coalition] partners,” he said.
Bualuang Asset Management managing director Voravan Tarapoom, who is president of the Association of Asset Management Companies, said the deputy premier was able to clear all doubts voiced by the investors
about preventive and security measures to cope with any possible violence by anti-government demonstrators.
“We are completely confident the government will be able to supervise and control the situation after being informed of what it planned to do to prevent the violence,” she said.
On the coup rumors, she said Mr Suthep affirmed there would be no coup because the government had firm connections with the military top brass.
Mrs Voravan said she believed there would be no violence on the eve of the court ruling on the confiscation of ex-premier Thaksin
Shinawatra’s frozen assets valued at Bt76 billion on February 26.
Mrs Vorawan conceded some investors had redeemed their investments in the company’s mutual funds since early this year because they felt upset about the persistent political turmoil. However, the redemption amount was less than 1 per cent of all portfolios.
Meanwhile, Bank of Thailand (BoT) Assistant Governor Suchada Kirakul said the central bank is set to prepare a contingency plan if there is any disorder following the court’s ruling on the ousted premier’s frozen assets on February 26.
She said every central bank must have a contingency plan to maintain liquidity and rein in heavy fluctuations in response to any possible undesirable incidents such as a sabotage or disaster.
The Stock Exchange of Thailand’s composite index edged up slightly by 4.76 points or 0.69 per cent to close at 697.49 points on Tuesday trading with a moderate turnover of Bt12.79 billion. (TNA)
More than 20 Bangkok-based institutional investors from asset management companies met the deputy premier in charge of security affairs and the finance minister at Government House on Tuesday to seek their views on the current political situation.
Speaking after the 2-hour meeting, Mr. Korn said the deputy premier explained to the investors about the ongoing political tension and security measures to prevent untoward incidents.
“Overall, most fund managers have more confidence because Mr. Suthep was able to clarify all doubts about coup rumours and internal conflicts among the government [coalition] partners,” he said.
Bualuang Asset Management managing director Voravan Tarapoom, who is president of the Association of Asset Management Companies, said the deputy premier was able to clear all doubts voiced by the investors
about preventive and security measures to cope with any possible violence by anti-government demonstrators.
“We are completely confident the government will be able to supervise and control the situation after being informed of what it planned to do to prevent the violence,” she said.
On the coup rumors, she said Mr Suthep affirmed there would be no coup because the government had firm connections with the military top brass.
Mrs Voravan said she believed there would be no violence on the eve of the court ruling on the confiscation of ex-premier Thaksin
Shinawatra’s frozen assets valued at Bt76 billion on February 26.
Mrs Vorawan conceded some investors had redeemed their investments in the company’s mutual funds since early this year because they felt upset about the persistent political turmoil. However, the redemption amount was less than 1 per cent of all portfolios.
Meanwhile, Bank of Thailand (BoT) Assistant Governor Suchada Kirakul said the central bank is set to prepare a contingency plan if there is any disorder following the court’s ruling on the ousted premier’s frozen assets on February 26.
She said every central bank must have a contingency plan to maintain liquidity and rein in heavy fluctuations in response to any possible undesirable incidents such as a sabotage or disaster.
The Stock Exchange of Thailand’s composite index edged up slightly by 4.76 points or 0.69 per cent to close at 697.49 points on Tuesday trading with a moderate turnover of Bt12.79 billion. (TNA)
