October 19, 2020
Thai Enquirer Summary
Political News
The protest against the government of embattled Prime Minister Prayut Chan-o-cha has intensified to a degree that it is likely to be impossible for him to dig himself out of this hole.
The watershed moment was on Friday evening when high powered watercannons were used to disperse the protestors around Siam Paragon area.
The move by the government to use excessive force to control the situation is likely to have an impact on the capital markets which are set to open today
To read more details see the ‘Economic News’ section of our News Summary.
The crackdown on the protestors on Friday evening prompted more than just a resentment against the current regime but it also triggered the coalition partners to come out with statements yesterday (Sunday)
Parliament Speaker (President) Chuan Leekpai has come out to say that
Today at 09:00 hrs he would call for a meeting with all parties to find a way out for the country
He said that all sides should be ready for a possible ‘emergency’ convening of the parliament. The parliament is formally set to convene on November 1
Democrat party’s incumbent leader - Jurin Laksanawisit, came out to say that the government should take the lead to find a way out of this situation
Chuan will call an internal meeting with leaders of all political parties today (October 19) to discuss on whether an extraordinary House session is needed. Initially, Chuan said he had ordered authorities to prepare for an extraordinary House session. However, Chuan said he had yet to receive any requests from any parliamentarians. He said he had no authority to call an extraordinary House session himself unless the government or lawmakers submit a petition calling for an extraordinary session
Deputy Prime Minister and Commerce Minister Jurin, speaking as the Democrat Party leader, supported the idea of resolving the current political crisis through parliament. The party wants the government to take the initiative in requesting a joint House-Senate sitting for a general debate without a vote under Section 165. Jurin said the parliament can speed up the charter amendment process in the 1st reading without setting any conditions that made society believe that the government is trying to buy time.
Bhumjaithai leader Anutin Charnvirakul is adamant that his party supports an amendment to Section 256 of the constitution as the first step to pave the way for the formation of a new charter drafting assembly (CDA) to allow the people to
take part in the rewriting of the whole charter and leave the first 2 chapters of the constitution untouched.
Meanwhile, the opposition Pheu Thai Party supports a call for an extraordinary parliamentary session to discuss the political conflict, says Pheu Thai’s secretary- general Prasert Chanruagnthong but noted that some coalition parties showed resistance against the idea.
Prasert said Chuan had contacted his party for its core leaders to convene an internal meeting with leaders of the coalition parties and parliamentarians at Parliament to discuss the political conflict today (October 19).
Prasert insisted that Pheu Thai remains firm with its calls for 1) embattled Prime Minister Gen Prayut Chan-o-cha to scrap the state of emergency to deal with protesters in Bangkok and 2) the government to release protest leaders who had been detained.
Pheu Thai plans to send Prasert and Somkid Chueakhong, a deputy opposition whip and Pheu Thai MP, to attend the planned talk at Parliament today.
Lt Gen Paradon Pattanathaboot, secretary of Pheu Thai’s committee on special affairs, called on the coalition parties to withdraw from the government as soon as possible if they wished to be forgiven by the younger generation.
The former deputy secretary-general of the National Security Council (NSC) warned that the coalition parties will have to be held accountable for the government’s decision to impose the emergency law.
While all this haggling among politicians continues, students have continued to go out in droves all across the country not just in Bangkok. The weekend saw protest continue with State official numbers for the protest on Saturday being around 15,000 Sunday being around 25,000
One should remember that the official numbers are usually half or 1/3 of the actual numbers Protest were held all across the country not just in Bangkok 1. Chiang Mai 2. Nakorn Pathom 3. Nothaburi 4. Khon Kaen 5. Samut Prakarn 6. Pathum Thani 7. Kamphaengphet 8. Rayong 9. Saraburi 10. Singburi 11. Suphanburi 12. Prachinburi 13. Yasothorn 14. Phuket 15. Udon Thani 16. Nakhon Ratchasima 17. Sisaket 18. Chonburi 19. Songkla 20. Kalasin 21. Samut Sakhon
22. Chachoengsao 23. Chanthaburi
The Free Youth group and the United Front of Thammasat and Demonstration (UFTD) said they believed that the Digital Economy and Society (DES) Ministry would soon
close their websites in an attempt to block their communication channels. The 2 groups told protesters to use encrypted messaging service Telegram instead.
Following the announcement, the UFTD and Free Youth reported that 50,000 people had signed up to use Telegram within 1 hour. Telegram allows users to exchange encrypted text messages, photos and videos, and also create “channels”. For as many as 200,000 people.
Reports are already emerging that ‘Declaration of a Serious Emergency Situation in Bangkok’ has given the authorities the right to close many media outlet’s online platform such as Facebook and/or Twitter. The authenticity of the document is still being questioned.
Among the media named in a letter that is circulating this morning on Social Media are The Standard (vernacular Thai language online platform) The Reporter (another vernacular Thai language online platform) Prachathai (a mostly Thai language but also some English content portal) Voice TV (another Thai language online platform backed by the Shinawatra family)
FreeYouth movement’s online platform o Free Youth is the loose alliance of the student leaders that are reportedly the leaders of the current ongoing protest movement.
Pheu Thai’s call for Gen Prayut to scrap the emergency law is in line with legal experts.
The Internet Dialogue on Law Reform (iLaw) announced a petition by 452 legal experts who signed their names to oppose the imposition of the serious state of emergency. The group of legal experts also opposed the use of the emergency law to disperse the protest and called for authorities to unconditionally release pro-democracy activists and drop charges of causing harm to Her Majesty the Queen which they perceived to be too severe.
Meanwhile Deputy Prime Minister Gen Prawit Wongsuwan, as leader of the Phalang Pracharat Party (PPRP), came out to announce the party’s stand to protect a democratic system under the Monarchy. He stressed that the PPRP is adamant with its role to protect the nation, religions and the Monarchy.
The party is committed to the push for constitutional amendments through parliamentary mechanisms without touching the constitution’s chapters 1 and 2 which contain general principles and sections associated with the Monarchy.
Dr Thossaporn Sereerak, a former MP candidate of the Pheu Thai Party and a close aide of former prime minister Yingluck Shinawatra, reportedly travelled to the Pathumwan Police Station at 16.00 hrs yesterday (October 18) to answer the police’s charge for defying the severe state of emergency law.
The charge was brought against Thossaporn by Pathumwan Police after he attended the pro-democracy rally in Ratchaprasong Intersection on October 15.
Pathumwan Police brought the charge against Thossaporn along with Chinawat Chankrachang, key leader of a Youth group in Nonthaburi, Atthaphol Buapat, leader of the Free People group in the northeast, and Panupong “Mike Rayong” Jadnok with the same charge for defying the state of emergency.
Economic News
The crackdown on Friday is likely to have an impact on the investor’s sentiments and expectations are that the current standoff in Thailand is likely to continue for a few months ahead.
This is likely to keep investors at bay and may even scare some investors who are already invested in the market as fears of possible bloodshed in this protest starts to rise.
The good news though is that the bond markets opened flat this morning with yields remaining stable
The Thai baht opened slightly weaker
It yet to be seen what the Stock Exchange of Thailand (SET) is going to react
Industry bodies have come out to say that they want the government to look at ways of resolving the current problems in the country before looking at any more stimulus or other measures.
The various industry bodies have come out to warn the government not to impose ‘curfew’ in order to control the crowd because that could kill the already ailing
economy which is already suffering from mismanagement and the impact of the coronavirus (Covid-19) impact. Business leaders came out to echo their views on the government’s decision to disperse the anti-government rallies during the weekend in which they said caused jitters among local and foreign investors.
Kalin Sarasin, chairman of the Thai Chamber of Commerce, sees foreign investment fleeing to Vietnam in the wake of current political crisis. He warned that rallies that spread across various business locations would have a severe impact on the Thai economy. He says what worries him most is the possibility of “third hands”, warning that Thailand could lose business opportunities in many aspects as Thailand’s political instability dampen confidence among foreign investors.
Sanan Angubolkul, also a vice-chairman of the Thai Chamber of Commerce, said the chaotic scene of protesters clashing with authorities, dimmed hopes that the Thai economy will be on course to a recovery from October after the government eased lockdown restrictions to allow economic activities to resume.
Sanan said he feared that prolonged rallies would push foreign investment flows out of Thailand and move to Vietnam in a medium-term.
Tanit Sorat, chairman of the Employers’ Confederation of Thai Trade and Industry (EconThai), concurred with Sanan and warned that although the current political crisis might not be the factor that have a direct impact on foreign investors’ decision to relocate their production bases. The crisis is a determining factor for investors to decide to relocate to neighbouring countries.
Finance Minister Arkhom Termpittayapaisith, voiced confidence that Thailand’s gross domestic product (GDP) that is forecast to contract 7.5 per cent this year will see growth of 4-5 per cent next year.
During his speech to the 102nd meeting of the World Bank Development Committee Plenary through video conference, Arkhom highlighted the government’s economic reforms and policies to sustain long-term economic growth to benefit the country’s GDP growth. He praised the Centre for Covid-19 Situation Administration (CCSA) for its success in curbing the spread of the COVID-19 to allow the economy to move forward and the economic situation administration centre that takes care of revving up economic growth.
This week, Arkhom is set to meet with the State Enterprise Policy Office (Sepo) to discuss disbursement of investment budget for state-owned enterprises (SOEs), says Sepo director-general Prapas Kong-Ied.
The Sepo plans to seek approval from the ministry to raise SOEs disbursed investment budget for Fiscal Year 2021 to more than the original proposed budget of 291 billion baht to drive forward the economy and boost the employment rate.
Earnings prediction for a combined profit of listed firms in the third quarter of 2020 is expected at 95.6 billion baht, up mere 5 per cent from the previous quarter or a 45 per cent drop from the same period of last year, according to a Bloomberg consensus that surveyed 111 listed firms, accounting for 71 per cent of total market cap (on October 15).
Apichart Phubancherdkul, head of strategy research at Tisco Securities, said the downward profit forecast was attributed to domestic political turbulence that put pressure on the Stock Exchange of Thailand (SET), triggering continuous foreign net outflows from Thailand. Shares of the hospitality, tourism, airline and airport sectors registered continuous losses because of the pandemic and effects compared with last year’s corresponding period.
The SET index tumbled 2 per cent during the past 3 trading days; foreign investors were the net-sellers of 4 billion baht worth of Thai shares.
The Employers' Confederation of Thai Trade and Industry (EconThai) expects the country's employment to continue slowing until the first quarter of 2021.
The dim prospect is the result of the far-reaching impact of the coronavirus pandemic, which has crippled the global economy and limited Thailand's capacity utilisation in the manufacturing sector.
EconThai vice-chairman Tanit Sorat forecasts average capacity utilisation this year at 60.8%, a poor sign for businesses and their employment. “The pandemic will continue to affect the global economy until the vaccine against the virus is found," he said. "This is a tough time for any employment plans."
EconThai said the government's economic stimulus measures such as a job retention scheme and a job fair have yet to result in significant impact.
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General News
The Centre for Covid-19 Situation Administration (CCSA) reported 7 new Covid-19 cases over a 24-hour period on October 18.
The new cases are a 47-year-old Thai woman who returned from Sweden on October 11 tested positive at a Bangkok state quarantine facility; a 39-year-old businesswoman returned from the United Kingdom on October 12 and tested positive in a Samut Prakan state quarantine hotel and a 54-year-old Belgian technician arrived in Thailand on October 12 and was found positive in a Samut Prakan alternative quarantine hotel.
A 33-year-old Burmese driver was deported to Myanmar after he tested positive at the Mae Sot border checkpoint on October 16.
Three Burmese family members residing in Mae Sot district, Tak province -- a one-year-old boy, a 10-year-old girl and a 23-year-old man.
A Mae Sot provincial official announced a provincial lockdown on Saturday (October 17) in order to prevent the spread of the virus with schools closing for seven days and religious ceremonies suspended.
The total number of confirmed cases in Thailand increased to 3,686 (739 in state quarantine), 146 are in hospital and 3,481 have recovered and been discharged, while the death toll is 59.
Tak officials announced a week-long border closure on the same day Covid-19 tests came back negative for all 26 classmates of a 10-year-old found among the latest batch of three reported cases in the district.
Mae Sot Hospital announced the results of swiftly conducted tests yesterday just hours after the province's governor signed an order temporarily suspending commercial use of the crossing, in a bid to prevent curtail a spike in cases that has already seen eight positive test results so far this month.
Tak governor Phongrat Phiromrat ordered the border closed for goods transit from 3pm yesterday until 8.30am on Sunday, Oct 25, as part of disease control measures.
Political News Headlines in Thai Media
Here is a list of activities that the Prayut Chan-ocha administration has made illegal due to growing protests and the imposition of their state of emergency decree.
o Link- https://www.thaienquirer.com/19740/the-state-of-emergency-decree-and-the- new-selfie-rule/
Student councils, opposition parties, human rights groups, and foreign observers have all condemned the Thai government’s use of force against unarmed protestors on Friday.
o Link- https://www.thaienquirer.com/19737/foreign-countries-rights-groups-and- student-councils-join-chorus-in-condemning-government-crackdown/
Thailand is entering a phase of political volatility with violence by the state towards protesters not out of the question. Yet despite a crackdown by the police on unarmed demonstrators on Friday, smaller coalition partners continue to stick by a government headed by the 2014 coup leader General Prayut Chan-ocha.
o Link- https://www.thaienquirer.com/19733/opinion-the-time-has-come-to-boycott- the-smaller-parties-that-enable-prayut-and-co/
As police were using riot shields and water cannons to crackdown on pro-democracy protesters in Bangkok on Friday, student-led protests erupted on college campuses across the country in solidarity.
o Link- https://www.thaienquirer.com/19717/as-the-crackdown-in-rajprasong- happened-protests-occured-on-campuses-across-the-country/
As stirring theme music plays, the digital logo for NBT News does its digital magic, then fades, revealing a sparkling studio. The TV news studio is sleekly designed, immaculate, and brightly-lit.
o Link- https://www.thaienquirer.com/19711/come-and-enter-the-alternative-reality- that-is-thai-state-media/
Following a government crackdown on student-led anti-government demonstrators on Friday, friends and family of protest-goers have taken to social media to find the wherabouts of missing dissidents.
o Link- https://www.thaienquirer.com/19707/protesters-take-to-social-media-to-ask- about-missing-friends-after-government-crackdown-on-demonstrations/
I only just met Francis [Bunkueanun Paothong], we joined together in some events on the afternoon of August 14. Now he is facing life imprisonment for holding a microphone and telling the masses to calm down.
o Link- https://www.thaienquirer.com/19700/opinion-the-government-may-jail-francis- but-we-are-all-francis-now/
October 14 shows how divided our society reallly is. On one side, we had royalists professing their love for institution and tradition, on the othersides the forces of progression and liberalism.
o Link- https://www.thaienquirer.com/19678/thai-enquirer-journalists-take-a-moment- and-reflect-on-the-past-few-days/
As rallies to oust the government mushroomed across the country, Prime Minister Prayut Chan-o-cha appeared to tone down his stance against protesters.
o Link- https://www.bangkokpost.com/thailand/politics/2004115/prayut-softens-tone- as-rallies-spread
Thailand’s Deputy Prime Minister, Prawit Wongsuwan, in his capacity as leader of the Palang Pracharat Party, today announced the party’s full support of and reverence for the Monarchy, in the wake of protesters’ demand for sweeping reform of the institution.
o Link- https://www.thaipbsworld.com/thailands-palang-pracharat-party-against-any- changes-to-constitution-regarding-the-monarchy/
Speaker of the lower house of Parliament, Chuan Leekpai, plans to discuss on Monday with government and opposition MPs the possibility of holding an extraordinary session of Parliament to discuss the current political crisis.
o Link- https://www.nationthailand.com/news/30396403?utm_source=category&utm_mediu m=internal_referral
In a veiled dig at Prime Minister Prayut Chan-o-cha, former premier Yingluck Shinawatra has jogged the general's memory to a time six years ago when her government was besieged by protests.
o Link- https://www.nationthailand.com/news/30396382?utm_source=category&utm_mediu m=internal_referral
Phra Nakhon Si Ayutthaya Hospital has apologised for a Facebook post by its emergency room doctor critical of the pro-democracy protesters.
o Link- https://www.nationthailand.com/news/30396377?utm_source=category&utm_mediu m=internal_referral
Police visited the Progressive Movement’s Bangkok headquarters on Friday afternoon, interrupting a press conference by the movement’s secretary general Piyabutr Saengkanokkul.
o Link- https://www.nationthailand.com/news/30396327?utm_source=category&utm_mediu m=internal_referral
A female doctor has been sacked from a Bangkok hospital for condemning the use of violence by the authorities against protesters on October 16.
o Link- https://www.nationthailand.com/news/30396385?utm_source=category&utm_mediu m=internal_referral
Economic News Headlines in Thai Media
Tisco Financial Group Plc (TISCO) reported its 2020 third-quarter earnings of 1.6 billion baht, down 14 per cent year-on-year but up 21 per cent quarter-on-quarter, exceeding analysts’ forecast and the market consensus.
o Link- https://www.thaienquirer.com/19691/tisco-reports-higher-than-expected-3q- results-stands-as-top-pick-in-banking-sector/
The board of the State Railway of Thailand (SRT) has approved the proposed delay to the signing of Contract 2.3 on the Bangkok-Nong Khai High-Speed Train Project by 90 more days, said SRT governor Niruj Maneepun.
o Link- https://www.bangkokpost.com/business/2003551/srt-agrees-to-delay-in- sealing-deal
Fresh political tensions have spurred communication on social media, with posts shooting up almost 100% from normal days to 40 million on Thursday, says social media analytics firm Wisesight.
o Link- https://www.bangkokpost.com/business/2003527/social-media-gets-bounce- from-protests
The Bank of Thailand has extended the debt moratorium period to next June for small and medium-sized enterprises (SMEs) with a credit line below 100 million baht and difficulty in servicing existing debts.
o Link- https://www.bangkokpost.com/business/2003535/bot-prolongs-debt- moratorium-for-smes
Third-quarter profit recoveries for Thai listed companies are on track to be stronger in some sectors (especially Electronics and Food) than in others. Earnings quality remains a key theme, given the ongoing risks, including domestic political tension, US election uncertainty and macroeconomic risk tied to resurgent global Covid-19 infections.
o Link- https://www.bangkokpost.com/business/2003615/earnings-improvement- steady-but-uneven
SET-listed Asset World Corp (AWC), the property arm of billionaire Charoen Sirivadhanabhakdi's TCC Group, plans to turn its 19-year-old Pantip Pratunam into a new wholesale trade hub for Thai manufacturers.
o Link- https://www.bangkokpost.com/business/2003571/pantip-pratunam-pivots-to- wholesale-trade-hub
Shrinkflex Thailand Plc (SFT), the country's largest shrink-film label maker, remains confident in its IPO plan despite growing anti-government sentiment and the resulting massive street rallies.
o Link- https://www.bangkokpost.com/business/2003567/shrinkflex-moving-ahead- with-ipo
The state-owned Bank for Agriculture and Agricultural Cooperatives (BAAC) may have to extend the debt moratorium period because of the Covid-19 crisis and unimproved farm product prices, says a Finance Ministry source.
o Link- https://www.bangkokpost.com/business/2004275/leaden-farm-prices-may-tip- extended-debt-moratorium
Tourism operators in Samui are preparing to urge the government to help lower flight costs for tourists, while more hotels have been approved for alternative local state quarantine (ALSQ) status, including a five-star cluster owned by one of the richest families in Thailand.
o Link- https://www.bangkokpost.com/business/2004283/samui-ready-to-petition-for- cheap-flights
The Employers' Confederation of Thai Trade and Industry (EconThai) expects the country's employment to continue slowing until the first quarter of 2021.
o Link- https://www.bangkokpost.com/business/2004271/econthai-jobs-drag-into-q1
The government is set to launch a number of projects in fiscal 2021, starting this month, to narrow income disparity in all provinces based on the Thai People Map and Analytics Platform (TPMAP), a data analytics tool.
o Link- https://www.bangkokpost.com/business/2004287/anti-poverty-projects-set-for- fy2021
SET-listed Scan Inter (SCN), a compressed natural gas (CNG) service provider, plans to acquire more assets in the renewable energy sphere via subsidiary Green Earth Power Thailand (GEP), which sees opportunities in Myanmar's growing capital, Naypyidaw.
o Link- https://www.bangkokpost.com/business/2004295/scan-inter-moves-away-from- gas-via-gep
Issues to be watched out for
October, 2020 – The bidding for construction and operation for the 140-billion-baht Orange Line western extension linking the Thailand Cultural Centre with Bang Khun Non.
October 2020 – The Trade Competition Commission is set to rule on CP’s acquisition of Tesco Lotus’s Asia business in a deal worth US$10.6 billion.
October, 2020 – The Thailand Grand Prix was rescheduled after being postponed due to the coronavirus outbreak.
October 21, 2020 – The House committee assigned to study charter amendment bills is expected to complete its study and submit its report to parliament on the next day.
October 23 -December 31, 2020 – 14 million welfare cardholders will receive an extra monthly discount of 500 baht on their shopping under the government’s economic stimulus package.
October 25, 2020 – Phuket is expected to be reopened to foreign tourists.
October 27, 2020 – The Central Bankruptcy Court is set for first hearings for Nok Airlines regarding the rehabilitation process.
October 28-November 1, 2020 – Fast Auto Show Thailand at Bitec, Bangna.
November 2-3, 2020 – A mobile cabinet meeting scheduled in Phuket.
November 1, 2020 – The second batch of 120 foreign tourists issued with the Special Tourist Visa (STV) scheme from Scandinavian and Schengen countries on a Thai Airways International (THAI) flight and land at Suvarnabhumi Airport.
November 1, 2020 – The next parliamentary session will begin.
December 2020 – The Federation of Thai Industries (FTI)’s “Faster Payment” scheme to increase liquidity for small and medium-sized enterprises (SMEs) during the pandemic is set to end. December 20, 2020 – Tentative date for elections of Provincial Administrative Organizations (PAOs) in 76 provinces.
February 28, 2021 – Tentative date for municipality elections and the election of tambon administrative organizations (TAOs).
April, 2021 – The central bank plans to officially implement the new rule on the rate of penalty imposed on loan defaulters in a bid to ease borrowers’ burdens and motivate them to repay their debts. Key Data
SET Index 1,233.68 -9.28
Link - https://www.set.or.th/en/company/ipo/upcoming_ipo_set.html
Global Commodities
Metal -Link http://www.bloomberg.com/markets/commodities/futures/metals/
Energy -Link - http://www.bloomberg.com/energy/
Baltic Dry Index (BDI)-Link - http://www.bloomberg.com/quote/BDIY:IND
Global Equity Market’s Movements
Link - http://www.bloomberg.com/markets/stocks/world-indexes/asia-pacific/
Asian Equity Markets Movement
Link - http://www.bloomberg.com/markets/stocks/world-indexes/
Information on October 16, 2020
Buying, Selling or Transfer of shares by Owners/Management
Stock Code Volume Value Action
BM 2,000 2.04 Purchase BM 3,000 2.03 Purchase BKER 48,000 5.7 Purchase CPN 50,000 41.25 Purchase CPN 50,000 41 Sale EP 200,000 3.87 Purchase JKN 28,125,000 12 Sale PRIME 30,000 0.48 Purchase PRIME 4,719,100 0.52 Sale UTP 50,000 13.9 Purchase UTP 38,600 14.1 Purchase UTP 49,000 13.96 Purchase VRANDA 900,000 - Transfer
XD, XE or XM or other notifications
For list of Companies that have dividend payment and AGM meeting schedules click on http://www.set.or.th/set/calendarofevents.do
Trading Breakdown on the Stock Exchange of Thailand
Daily as of 16 Oct 2020 Unit: M.Baht Investor Type Buy Sell Net Value % Value % Value % Local Institutions 2,029.49 4.55 4,038.62 9.06 -2,009.12 - Proprietary 6,362.23 14.27 5,836.76 13.09 525.47 -
Trading Foreign Investors 17,719.27 39.75 18,199.27 40.83 -479.99 - Local Individuals 18,464.82 41.42 16,501.17 37.02 1,963.65 - Monthly Cumulative between 1 - 16 Oct 2020 Unit: M.Baht Investor Type Buy Sell Net Value % Value % Value % Local Institutions 52,337.80 9.48 53,838.96 9.76 -1,501.17 - Proprietary 70,798.10 12.83 69,662.88 12.62 1,135.22 - Trading Foreign Investors 192,069.41 34.8 204,224.08 37 -12,154.67 - Local Individuals 236,699.86 42.89 224,179.24 40.62 12,520.62 - Yearly Cumulative since 1 Jan - 16 Oct 2020 Unit: M.Baht Investor Type Buy Sell Net Value % Value % Value % Local Institutions 1,320,134.93 10.86 1,253,463.76 10.31 66,671.17 - Proprietary 1,275,931.60 10.5 1,272,485.19 10.47 3,446.41 - Trading Foreign Investors 4,271,175.60 35.14 4,561,004.27 37.53 -289,828.66 - Local Individuals 5,285,772.92 43.49 5,066,061.84 41.69 219,711.08 -
Total Trading Value 44,575.81 Million Baht
Background Information –
The strength of each party in the Thai Parliament as of May 8, 2019 as per the report by the Election Commission of Thailand. Elections took place on March 24, 2019
https://www.ect.go.th/ect_th/news_all.php?cid=24
List of MPs - https://www.ect.go.th/ect_th/download/article/article_20190508184334.pdf
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