Investors shun Thailand as growth weakens, political protests heat up

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Foreigners have been selling Thai stocks and bonds for months. FMTNews Thailand

Pro-democracy students raise the three-finger symbol of resistance during a protest north of Bangkok.

At the same time, the government is facing a student protest movement which is gathering momentum and disruption to its policy agenda by the surprise resignation of Finance Minister Predee Daochai on Tuesday, after less than a month in the job. The baht fell and has dropped about 0.6% on the dollar since Tuesday on the news, its steepest two-day slide in about two weeks. It now sits where it traded in June despite a slide in the greenback over the past few months.

 

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Thai finance minister quits, less than a month into the jobHis resignation adds uncertainty in reviving Thailand’s faltering economy amid the Covid-19 pandemic. FMTNews Thailand
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