ID :
146964
Thu, 10/21/2010 - 19:04
Auther :
Shortlink :
http://m.oananews.org//node/146964
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Thailand's confidence index in September drops 2nd straight month
BANGKOK, Oct 21 – Thailand's industrial sector’s confidence index in September stood at 100.8, dropping from 102.4 in August for the second consecutive month because orders and sales volumes decreased due to the baht appreciation, Federation of Thai Industries (FTI) chairman Payungsak Chartsuthipol said.
The drop in the confidence index was also caused in part by concerns over Thailand's political problems, flooding and the fragile world economy, the FTI chairman said.
September’s confidence index forecast for the coming three months declined to 114.7 from 115.4 as business operators are still concerned about advance orders as prices cannot be fixed thanks to the continuing strengthening of the baht.
Business operators suggested that the government should oversee both the currency and policy interest rates for stability and support funding sources for them, especially Small and Medium-size Enterprises (SMEs), as well as building confidence among investors and solving the problem of labour shortage, Mr Payungsak said.
As flooding is hitting 21 provinces in the upper part of the country, he said it has begun to have an impact on industrial factories. Some factories were forced to close because floods interrupted road transport by truck which would carry goods to market.
Business operators have asked the government to exempt social insurance for employers and employees for a temporary period of three months.
The FTI will coordinate with auto operators to help fix cars and farm machinery damaged by flooding after the flood recedes, he added. (MCOT online news)
The drop in the confidence index was also caused in part by concerns over Thailand's political problems, flooding and the fragile world economy, the FTI chairman said.
September’s confidence index forecast for the coming three months declined to 114.7 from 115.4 as business operators are still concerned about advance orders as prices cannot be fixed thanks to the continuing strengthening of the baht.
Business operators suggested that the government should oversee both the currency and policy interest rates for stability and support funding sources for them, especially Small and Medium-size Enterprises (SMEs), as well as building confidence among investors and solving the problem of labour shortage, Mr Payungsak said.
As flooding is hitting 21 provinces in the upper part of the country, he said it has begun to have an impact on industrial factories. Some factories were forced to close because floods interrupted road transport by truck which would carry goods to market.
Business operators have asked the government to exempt social insurance for employers and employees for a temporary period of three months.
The FTI will coordinate with auto operators to help fix cars and farm machinery damaged by flooding after the flood recedes, he added. (MCOT online news)
