Obama's re-election seen as good signs for Thai and Asian economies

BANGKOK, November 7 (TNA) - The re-election of incumbent US President Barrack Obama in the November 6 presidential poll is seen beneficial to the Thai and the overall Asian economies. Somchai Sajjapongse, Director-General of the Thai Ministry of Finance's Fiscal Policy Office (FPO) pointed out Wednesday that, initially, Obama's re-election for his second four-year term enables continual policies and economic relations between the United States and trading partners, including Thailand, covering trade and investment ties. Somchai acknowledged that Obama's focus on diplomatic policies should also facilitate and propel US trade and investment with other economies worldwide, including the Thai economy. The FPO chief assessed that Asian countries should also benefit from Washington’s unlocking of its fiscal cliff policy, as expected by international investors, covering the postponement of its tax hikes and a cut in spending on public projects for a certain period of time, which should stimulate the US, the Thai and other economies through expanding investment and international trade. Meanwhile, President of PTT Global Chemical Public Company Limited Anon Sirisaengtaksin also foresees no changes in US economic policies after the re-election of Obama, with a focus remained on addressing the US unemployment problem through measures on promoting investment and spending in the US economy, with deferred tax hikes. (TNA)