Thailand became a signatory to the pact in 2003. Thailand must show its sincerity in fighting graft by rushing ratification of the United Nations Convention Against Corruption, both private and public sectors urged over the weekend. All UNCAC signatories – 135 countries at present – are obliged to coordinate with each another on mutual legal assistance and asset recovery for crimes, even to the extent of extradition. Thailand Business News
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Thailand urged to ratify UN Convention Against Corruption,
For 2009 as a whole, nonetheless, real GDP fell 2.3 percent despite a pick-up in consumption in the fourth quarter, external demand will be the main contributor to growth in the near term.
Government consumption will likely contract due to the phase-out of consumption measures of the first fiscal stimulus package. Investment is expected to recover, as capacity utilization rises and deferred maintenance, machine replacements and limited expansion of existing plants take place. In addition, there are indications that construction investment, long subdued, may be picking up.
The relative strength and power of sovereign wealth funds is massively increasing, and the money has to go somewhere.
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.
