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The Center for the Administration of Peace and Order (CAPO) has expected that about 30,000 supporters would show up in the upcoming mass gathering of the United Front of Democracy Against Dictatorship (UDD). | |
| Thailand Business News |
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Thailand braces for New Mass Gathering of Red Shirts
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.
Pathom Yongvanich, a founding partner of PYI, says Asian markets have not only benefited from the inflow of international capital, but also from the growing sophistication of Asian investors themselves.
‘‘Only 35 companies on the SET have market capitalizations of more than $1 billion, with another 80 companies between $200 million and $1 billion.
