[Bloomberg] Thai Thaksin Supporters Plan Largest Rally Since April Riots
[Thailand’s political turmoil has weighed on the benchmark SET index, which is trading at 11 times estimated earnings for this year, the second-lowest in Asia after Pakistan. The index, up 35 percent so far this year, remains 24 percent below its level a year ago.
“Political chaos has forced overseas investors to discount our market,” said Paiboon Nalinthrangkurn, managing director of Tisco Securities Co. “We expect the Thai market to be this cheap as long as political instability remains.”]
BP: So where will the market go now?[Asia Times] Crispin Interviews Korn
Thai Finance Minister Korn Chatikavanij says he was raised as a mandarin but that his economic policies are all for the people. The former JP Morgan investment banker designed and this week partially passed through the senate what promises to be the largest fiscal push in Thailand's modern history
BP: Interesting article which hope time permitting to cover next week.
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