Newly appointed Finance Minister Pichai Chunhavajira is taking a less hostile stance towards the Bank of Thailand than the premier, aiming to better coordinate fiscal and monetary policies.
RECAP: Asian stocks tracked Wall Street lower in response to more economic data that signalled the US Federal Reserve might keep interest rates on hold for most of this year. Regional currencies also took a hit as dollar strength persisted.
First-quarter financial results were stronger than expected for listed Thai companies, gaining 3% year-on-year and 68% quarter-on-quarter, which could attract more fund inflows to the Thai bourse, with the index topping 1,400 points in the near term, say analysts.
Three capital market organisations will meet on Tuesday to reach a final conclusion on the tax-deductible funds they want to propose to the Finance Ministry, hoping to revive investments in good fundamental stocks in the Thai stock market.