BANGKOK, 27 June 2011 (NNT) – Kasikorn Research Centre (KResearch) has projected that the Stock Exchange of Thailand (SET) index is likely to increase this week (27 June – 1 July 2011) after the Greek debt crisis has eased off.
KResearch reported that the SET index last week closed at 1,022.94 points, up 0.39% from the week earlier following a declining concern over the Greek debt crisis. Meanwhile, the MAI index closed at 300.69 points, up 1.79% from the week before.
The SET index fell last Monday as investors delayed investment before rebounding on Tuesday after Greek debt crisis partially eased off; however, it went down on Wednesday due to bad economic news from the US and concerns over domestic politics before going up again on Friday.
KResearch and Kasikorn Securities predicted that the SET index this week would go up due to improving situation in the Greek debt crisis and investors’ speculations. The support line will be at 1,009-985 points and the resistance line at 1,036-1,050 points respectively.
Investors are however warned of selling force to reduce risk before the upcoming 3 July general election. Another domestic factor that should be monitored for this week is the monthly economic report on the Thai economy. External factors in focus are the global oil prices and reports of US economic figures.
]]>Several red-shirt leaders including Natthawut Saikua, Jatuporn Prompan, Kwanchai Praipana, Nisit Sintuprai, Yoswarit Chuklom and Whiphutalaeng Pattanaphuthai were seen surrendering to police at the Royal Thai Police headquarters at about 1.30pm.
But three other leaders — Arisman Pongruengrong, Weng Tojirakarn and Arisman Pongruengrong — did not surrender.
Red-shirt leader Jatuporn Prompan announced from the stage at 1.15pm that that he and other leaders would surrender to prevent further losses.
“I apologise to you all but I don’t want any more losses. I am devastated too. We will surrender,” he said.
He also announced the ending of the anti-government protest.
But the announcement did not put the end to waves of riotting and arsoning around the capital. Many key buildings were set ablaze such as upmarket Central World shopping complex near the Ratchaprasong intersection, the TV Channel 3 station, a section of the Stock Exchange of Thailand (SET) building and the Metropolitan Electricity Authority Office were set ablaze.
The Channel 3 was forced to stop broadcasting in the late afternoon after the Maleenont building was set on fire. Employees of the network had to flee to the building’s top floor waiting for evacuation by helicopter.
There were many incidents of vandalism as rioters burned down public properties such as phone booths and bank branches.
…http://www.bangkokpost.com/news/local/178444/violence-erupts-after-red-shirt-leaders-surrender
]]>Under the declared curfew, the people in restricted provinces are not allowed to leave their homes from 8pm today to 6am on Thursday.
The state authorities are allowed to perform duty in the restricted areas to help restore peace and order.
The curfew order immediately takes effect.
The CRES order was signed by Prime Minister Abhisit Vejjajiva late this afternoon.
http://www.bangkokpost.co.th/
]]>Prime Minister Abhisit Vejjajiva said the government would come up with measures to prevent the retail price of diesel from exceeding 30 baht a liter by cutting the levy to the Oil Fund in an effort to alleviate the public’s higher cost of living. In addition, He indicated that the government was intended to continue pegging the prices of cooking and NGV gases until August next year.
The Prime Minister added that the government’s assistance on social security, which would support not only the social security holders but also their spouses and children, would be endorsed in the Cabinet meeting within next week.
]]>Chairman of Gold Traders Association Jitti Tungsitpakdee has announced the domestic gold prices for 8 August. Gold bars were quoted at 15,250 to 15,350 baht a gold baht and gold ornaments 15,023.56 to 15,750 baht a gold baht.
The US’s gold price has continued to sink and closed at 959.50 per ounce, down 3.40 USD.
]]>Delivering a lecture on “Thailand Climbs Up” to top officials of the Office of the Civil Service Commission, he said Thailand would not be in a position to compete in the world community when the global economy recovers if it fails to change itself.
Because of this, it is necessary to encourage Thai people to be active, love to learn, access varied information and analyse it, and review what they have done regularly for the betterment of their living.
He conceded that there would be resistance on the part of people who lose privilege or benefit from changes.
Regarding corruption, the premier said the more anti-graft laws are enacted, the more loopholes are found.
Unless the problem was solved, it would fuel burdens in the future, but if it is addressed, Thailand will be able to climb up proudly, he said.
Asked how seriously the current political situation would impact the “Thailand Climbs Up” slogan, he said politics is a key factor to the country’s development.
Many countries are watch to see whether Thai democracy will stride ahead, or retreat.
“This government pledges to neither violate the basic rights of its people nor use violence against opponents,” Mr Abhisit affirmed.
“However, in a country where the democratic system is adopted, no one can claim that the majority of people are unable to shape the law,” said the premier. (TNA)
]]>Professor Doctor Sombat Thamrongtanyawong, the President of the National Institution of Development Administration (NIDA), stated that Thailand’s ability to host the AMM and other relevant meetings was a great success of the country which is now the ASEAN Head. He asserted that it could restore a positive image of the country in the international community’s eyes.
He also believed that the success of the meeting would help stabilize the political condition in the country and would enhance the regional cooperation under the ASEAN frame.
]]>Prime Minister, Abhisit Vejjajiva, this morning met with the ambassadors to Thailand of Australia and Switzerland who have both ended their stay of duty. He is scheduled to chair a much anticipated Cabinet meeting at mid-day, set to tackle several key issues concerning the public well-being and also film a television program celebrating National Thai Language Day.
In the early evening today Mr. Abhisit will meet with the US Secretary of State at Government House who is visiting Thailand for the first time since taking on her position. Mrs Clinton will travel to Phuket province to attend the ASEAN Ministerial Meeting on Wednesday.
]]>The latest Suan Dusit Poll was conducted among people in Bangkok and other provinces on 20 July 2009 on how to communicate the A (H1N1) situation effectively. The poll showed that the majority or 89.50% backed daily news presentation on the flu virus while 9.39% called for a weekly basis as planned, and only 1.11% said the matter should not be publicized.
The majority or 49.76% wanted to be informed of the preventive measures and treatments while 25.84% wished to be able to identify preliminary flu symptoms, and another 13.88% were interested in the transmission and spreading of the virus. About 66.30% viewed that the most effective means for propagating information about the flu was via television, followed by radio, newspapers, websites, cell phones and personal acknowledgement by health officials.
In addition, the survey indicated that the majority of respondents or 80.04% had some knowledge of the H1N1 virus; 10.68% had very good knowledge and the other 7.18% admitted to being uninformed. Up to 90.61% said they were not ashamed of wearing face masks while the other 9.39% said they were.
]]>BoT Deputy Governor Atchana Waiquamdee said the issuance of the government savings bonds would result in financial institutions adjusting for improved services because depositors have more channels for savings.
She said the first batch of Bt50 billion baht in such bonds represents 0.5 per cent of current total deposits of Bt9.6 trillion.
The bonds will offer an interest rate of 3 per cent in the first two years, 4 per cent in the third year, and 5 per cent in the fourth and fifth years, unlike deposit rates offered by commercial banks, which remain at 1.5-2.75 per cent.
Under the circumstances, some depositors might shift some of their deposits to the new government saving bonds.
“The BoT must monitor the liquidity following the issuance of the bonds by the Ministry of Finance so that it can be used to establish the policy interest rate in a proper manner,” she said. (TNA)
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