Tag Archives: Thailand Economy

Foreign business leaders are hoping for more political stability after Thailand's general election while calling on the new government to promise more consistent policies and open up the economy.

As expected, the Cabinet quickly approved the huge Bt66-billion budget for its populist policies with the hope of winning majority support in the next general election.

The Bank of Thailand expects an eventual balance between capital inflow and outflow this year, with such a position likely to be even more clearly seen next year.

Food prices are expected to rise on growing demand from catastrophe-hit Japan and more frequent natural disasters cutting the supply of ingredients.

The new government should focus more on tax restructuring, as it is the key to maintaining fiscal discipline amid greater need for infrastructure investment and spending on social programmes, economists say.

With a series of natural disasters and political crisis that has happened globally during the past 12 months, we are urged to realise the fact that we live in uncertainty.