Analysts shrug off court dismissal of Thai PM Srettha

Quick Summary:

Despite uncertainties regarding the Pheu Thai Party's digital handout scheme, analysts are playing down the economic impact of the Constitutional Court's disqualification of Srettha Thavisin as prime minister, saying the political vacuum should be shorter than expected.

Mr Chak said politics aside, Maybank has positive views of the Thai stock market's fundamentals, particularly as the earnings season so far "has been a relatively strong one".

A special parliament session is scheduled for Friday to select a new premier, and any delay to the 2025 budget bill should be limited, said Rakpong Chaisuparakul, senior vice-president of KGI Securities (Thailand).

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Article Details

Category: EconomyBusiness

Markets: Thailand

Topics: Source Data Market Handout Chak Government Digital Wallet Thai Budget Year

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-16 @ 04:35:00 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 628 words

Reading Time: 4 minutes read

Sentences: 28 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 22093993

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