Foreigners are following up national roadmap, economic stimulation

BANGKOK, September 16 (TNA) -- Other countries are monitoring the roadmap to the next general election and economic stimulus measures and believe confidence in Thailand can be restored if they are clear, said Paiboon Nalinthrangkurn, chairman of the Investment Analysts Association. In the Global Emerging Market road show in New York, foreign investors and fund managers asked about situations in Thailand, especially the roadmap, charter drafting, the next general election, economic stimulation plans and megaproject investment, said Mr Paiboon who is also the CEO of TISCO Securities Plc. Foreign investors reflected that an early election and quick investment by the government could restore confidence, he said. Mr Paibool commented that the direct injection of money to low-income earners and its spending on their career start-up could effectively stimulate the national economy. He predicted that the index of the Stock Exchange of Thailand (SET) should move around 1,400 points in the remaining period of this year because there would not be any significant factor to affect it. He did not expect the Fed to raise its policy rate for the time being because the US economy had not recovered fully and the Fed would like to curb US dollar appreciation. He recommended shares concerning local consumption and retail and said that the SET should have a bright prospect next year thanks to infrastructure investment and the then clear progress of the roadmap to the next general election. (TNA)