SINGAPORE/HONG KONG - A selloff in the Thai baht, underperforming stocks and pressure on the bond market reflect growing concern from global investors over political instability and the growth outlook in Southeast Asia’s second-biggest economy, analysts and fund managers say.
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 only foreigners left in Thai equities really are the passive investors, the ETFs and the funds which track the index. The active managers are gone,” said Jeep Chatikavanij, founder of the Ton Poh Fund which manages $150 million.
Support my PM
Our PM is tyrant don’t support him
It's just like any other country. 🤷♀️
'WednesdayPureWord For the Lord, there is no democracy. The Lord is the commander of the army in heaven. Tribulation is a very terrifying time. With repentance and holiness Prepare the way for the Lord
And the King reinstated his concubine😂
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Source: Reuters - 🏆 2. / 97 Read more »