Thai baht rises over likely win for ruling Party
Thailand's baht strengthened on March 25 when investors saw a likely win for Palang Pracharath Party which backs incumbent Prime Minister Prayuth Chan-ocha.
Illustrative image (Source: BBC) Hanoi (VNA) - Thailand's baht strengthened on
March 25 when investors saw a likely win for Palang Pracharath Party which
backs incumbent Prime Minister Prayuth Chan-ocha.
The baht rose 0.4 percent against the US dollar at 12:45pm (local time). It has been up about 3 percent against the greenback since the year’s beginning. Meanwhile, Thailand's benchmark stock index dropped 0.89 percent on March 25 morning, in line with broader Asia declines.
According to analysts, the possibility of Prayuth remaining in office is positive for Southeast Asia's second-largest economy and encouraged foreign capital inflows.
Kobsidthi Silpachai, head of Kasikornbank capital markets research, said the continuation of economic policies for investors seems to be likely, adding that this should help boost investors’ confidence to a certain degree.
In the afternoon the same day, the Election Commission (EC) of Thailand delayed the announcement of preliminary vote result without any reason, saying that it will be announced on March 29.
With 94 percent of polling counted, the EC reported that the pro-junta Palang Pracharat was leading with 7.69 million votes. The Thaksin-linked Pheu Thai Party trailed with 7.23 million votes, showed the initial data.-VNA
The baht rose 0.4 percent against the US dollar at 12:45pm (local time). It has been up about 3 percent against the greenback since the year’s beginning. Meanwhile, Thailand's benchmark stock index dropped 0.89 percent on March 25 morning, in line with broader Asia declines.
According to analysts, the possibility of Prayuth remaining in office is positive for Southeast Asia's second-largest economy and encouraged foreign capital inflows.
Kobsidthi Silpachai, head of Kasikornbank capital markets research, said the continuation of economic policies for investors seems to be likely, adding that this should help boost investors’ confidence to a certain degree.
In the afternoon the same day, the Election Commission (EC) of Thailand delayed the announcement of preliminary vote result without any reason, saying that it will be announced on March 29.
With 94 percent of polling counted, the EC reported that the pro-junta Palang Pracharat was leading with 7.69 million votes. The Thaksin-linked Pheu Thai Party trailed with 7.23 million votes, showed the initial data.-VNA
You should also see
Leaders pay tribute to President Ho Chi Minh on National Reunification Day
Leaders and former leaders of the Party, State, Government, National Assembly (NA), and Vietnam Fatherland Front (VFF) paid tribute to President Ho Chi Minh at his mausoleum in Hanoi on April 26 on the occasion of the 49th anniversary of the Liberation of the South and National Reunification Day (April 30, 1975-2024).
See more
World
Laos speeds up granting licences to foreign workers
Laos's Ministry of Labour and Social Welfare plans to issue visas to illegal foreign workers and extend permits to legal ones so that they can continue to work in the country.
World
Argentinian scholar praises Vietnam’s April 30, 1975 victory
The complete reunification of Vietnam on April 30, 1975 was an extremely significant event in the history of the country and the world, opined a scholar from the Institute for International Relations at the National University of La Plata, Argentina.
World
Malaysia tackles food security challenges
Empowering local communities in the agriculture sector to attract young people to this field is one of the measures taken by Malaysia to address labour shortage while also contributing to tackling challenges in food security.
World
Danger warning issued for Thailand’s Bangkok as extreme heat bites
Thai authorities on April 24 issued an extreme heat warning for Bangkok, urging people to stay indoors for their safety as temperatures soared.
World
Schools in Philippines go online amid extreme heat
Record heat in the Philippines in April has forced schools to send children home for online classes.
