BOT Governor admits political crisis affecting investor confidence, domestic consumption

September 3rd, 2008 - 1:31 pm ICT by Amrit Rashmisrisethi  

The Governor of the Bank of Thailand, Mrs. Tharisa Watthanaket (ธาริษา วัฒนเกส), admits that Thailand’s political situation is affecting investors’ confidence and domestic consumption.

Mrs. Tharisa reveals that conflicts have also caused the Thai Baht currency to depreciate, and the Stock Exchange of Thailand to experience great reductions in trading value and volume. The Bank of Thailand Governor said that external factors were also to blame for the stock exchange’s performance.

Mrs. Tharisa is confident that Thailand’s political crisis will be short-lived, with the Thai economy continuing to grow due to the nation’s strong economic foundations and good performance in the export sector. The Governor of the Bank of Thailand adds that the government’s megaproject scheme can still proceed forward, especially projects which have already received Cabinet approval. Mrs. Tharisa said that officials will also assess the impact of Thailand’s political situation on tourist numbers.

Source : National News Bureau, Public Relations Department of Thailand

Tags: , ,

Posted in Thailand |