The Democrat leader pledges to increase people’s income if his party returns to power after the July 3 election. Democrat Party leader Abhisit Vejjajiva, deputy leader Korn Chatikavanij and director of the party’s Election Coordinating Center, Apirak Kosayodhin, introduced the party’s economic policies during a seminar titled Moving Thailand Forward at the Queen Sirikit National Convention Center. Abhisit said the country’s economy got stuck in the doldrums and all economic indicators were in the negative when he took office, so his government decided to pump more cash into the system through the handout of the 2,000-baht check to workers whose monthly salary was less than 15,000 baht.

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Democrat Leader Pledges to Raise Public Income

On the demand side, the importance of external demand can be fully appreciated by recognizing that the bulk of inventories in Thailand are primarily inputs and finished goods for the export-oriented manufacturing. In the fourth quarter of 2009, for example, net exports and the change in inventories contributed 44 percent of the quarterly growth.
While the Thai government is aware of the need for these reforms, political uncertainties have made it more challenging to pursue them

Alexander Wood, a founding partner of AWR Lloyd, believes the global crisis has acted as a catalyst for a fundamental, structural change in the global capital markets. The real new players in the markets are the sovereign wealth funds.
But for the smaller companies, you see much greater volatility in returns,’’ he said, adding that smaller firms on the SET with market cap below $200 million offer 40% to 60% lower long-term TSRs compared with their larger brethren.

In 1972 the Government took a further step in this direction by amending the “Announcement of the Executive Council No. 58 on the Control of Commercial Undertakings Affecting Public Safety and Welfare”. The changes extended Government control and regulation over the operations of finance and securities companies, which until then had operated fairly freely. Following these amendments, in May 1974, long-awaited legislation establishing “The Securities Exchange of Thailand” (SET) was enacted. This was followed by revisions to the Revenue Code at the end of the year, allowing the investment of savings in the capital market. By 1975 the basic legislative framework was in place and on April 30, 1975, “The Securities Exchange of Thailand” officially started trading. On January 1, 1991 its name was formally changed to “The Stock Exchange of Thailand” (SET).