Court's dismissal of Bt2t loan bill unlikely to affect Thai bourse

BANGKOK, March 14 (TNA) - The Constitution Court's recent dismissal of the government's 2-trillion-baht borrowing bill, planned to fund new mega-infrastructure development projects, is unlikely to affect the Thai stock market. Charamporn Jotikasthira, President of the Stock Exchange of Thailand (SET), made the assessment on Friday, reasoning that international investors had been aware of the development. The SET president's remarks were in response to the Constitution Court’s ruling earlier this week that the bill violates the Constitution. Charamporn pointed out when the government stops imposing the emergency decree, it will have positive impacts on the Thai economy and tourism. The SET president proposed that the government can, instead, exercise the Internal Security Act (ISA), which is softer than the emergency decree. According to the SET president, external factors now have stronger impacts on the Thai stock market, especially the US quantitative easing measure, which may end sooner and more abruptly. (TNA)