Thailand expects windfall from Trump’s policies

The private sector says US President’s trade policies could be a windfall to Thailand.

This was what the private sector expressed at yesterday’s seminar.

TISCO Assets chief executive Mr Paiboon Nalintarangkun stated at the ‘Stock Market Outlook after the Inauguration of Donald Trump as US President’ seminar that the core of Mr Trump’s economic stimulus packages centers on jump-starting basic economic infrastructures and lowering corporate taxes from 35% to 15%.

The tax reduction will directly contribute to increased private sector investments and should help drive the US economy, he said.

This in turn will allow the global economic situation to improve which will consequently result in a windfall for Thailand, he said.

This in turn will allow the global economic situation to improve which will consequently result in a windfall for Thailand, he said.

As for the fear of a rise in global capital movement, he said that this will be an unavoidable short-term phenomenon as international markets adapt to the new US President’s policies but will be significantly less than in 2016.

He expects Thailand’s stock market to move in the region of 200 points in 2017 and views that the stock market index will be at 1,650 points.

Thai PBS

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