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Thailand’s corporate confidence index falls for 7th consecutive month

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Thailand’s corporate confidence index falls for 7th consecutive month

 

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Thailand’s corporate confidence index has fallen for the seventh month in a row, dipping to 46.2 points in September from August’s 46.5 points due to export contraction, trade tensions between China and the US, protests in Hong Kong, recent flooding in the north-eastern provinces and PM2.5 dust problems in Bangkok and surrounding provinces.

 

Mr. Thanawat Pholvichai, director of the Economic and Business Forecast Centre of the Thai Chamber of Commerce University said, however, that there were positive factors during the same period.

 

He cited the government’s Chim-Shop-Chai (Eat, Shop, Spend) program which, he claimed, received an overwhelmingly positive response from the public, generating increased spending by both the government sector and the public.

 

Full story: https://www.thaipbsworld.com/thailands-corporate-confidence-index-falls-for-7th-consecutive-month/

 

 
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2 hours ago, webfact said:

Mr. Thanawat Pholvichai, director of the Economic and Business Forecast Centre of the Thai Chamber of Commerce University said, however, that there were positive factors during the same period.

The spin doctors got a pay rise?

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2 hours ago, Fex Bluse said:

This is a country where the most sophisticated of minds seem to do brilliant promotions like 

 

"buy one for 50 Baht, buy 2 for 100 Baht" 

Or lotus the other week, washing machine softener, B14 each or 3 in a pack (from memory) B48, and not the first time I've seen it and guess it won't be the last time either. 

 

 

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So each and every month after the elections. A coincidence?

 

 

Sent from my iPad using Thaivisa Connect

 

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With the Baht at 7-year high—no wonder confidence is down.  Thanks to ChiComs pumping in billions—all parts of the economy will suffer.

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17 hours ago, Fex Bluse said:

This is a country where the most sophisticated of minds seem to do brilliant promotions like 

 

"buy one for 50 Baht, buy 2 for 100 Baht" 

Not as good as Makro. Side by side on the same shelf, 75cl Gilbeys Gin, 395baht. 1l Gilbeys Gin, 390baht.

Stocks of litre bottles didn't last long!

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