Thailand’s SET Index closed at 1,340.25 points, decreased 14.09 points or 1.04% with a trading value of 56.43 billion baht. The analyst stated that the Thai stock market exhibited movements in the negative territory, attributing it to the sell-off of DELTA and PTT, while traders kept a close watch on President-elect Trump’s upcoming policy announcements on January 20.
The analyst anticipates a continuation of losses in the Thai market on the following day, as investors also await the release of U.S. inflation data this Wednesday evening, which could lead to heightened pressure on risk assets if the figures exceed expectations.
Thaksin Shinawatra, former Thai Prime Minister, emphasized the importance of trust, confidence, and sentiment in the Thai stock market as well as boosting the Thai economy at a strategic seminar titled “Dinner Talk Chat with Tony: Bull Rally of Thai Capital Market” hosted by ‘Kaohoon Turakij’.
He called for regulatory reforms to boost investor confidence and stimulate Thai capital market, with key areas requiring improvement include enhancing stock market transparency, monitoring company behaviors to prevent misuse of funds, ensuring proper accounting practices, and implementing robust management systems.
The Thailand Board of Investment (BOI) revealed that applications for investment promotion in 2024 soared 35% in value to 1.14 trillion baht (USD 33 billion), the highest level since 2014, led by large foreign direct investment (FDI) projects in data centers, cloud services, as well as semiconductor and advanced electronics manufacturing.
China announced the plan to expand its unilateral visa-free entry scheme to an appropriate extent. More countries will receive visa waivers without giving any specifics.
This scheme will topple the original easing visa requirement for many countries in 2023. Its current purpose is to help push the economy, attract investment, and promote a better image, especially before Donald Trump returns to the White House.
The United Kingdom expressed a desire to establish its own regulatory framework for artificial intelligence (AI), suggesting it may diverge from the strategies adopted by its Western counterparts.
As per sources familiar with the matter, members of President-elect Donald Trump’s economic team are reportedly discussing a monthly gradual increase of tariffs, aiming to boost negotiating leverage while avoiding an inflation spike.
The source said one of the ideas involves a gradual 2-5% increase a month, relying on executive authorities under the International Emergency Economic Powers Act.
