Picture courtesy of ThaiPost
Political turbulence, both on the domestic and international fronts, is tempering the growth prospects of the Stock Exchange of Thailand (SET), despite the Thai index briefly surpassing the 1,500-point mark.
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Political turbulence, both on the domestic and international fronts, is tempering the growth prospects of the Stock Exchange of Thailand (SET), despite the Thai index briefly surpassing the 1,500-point mark. Analysts note that the Election Commission’s (EC) recent decision to investigate Thaksin Shinawatra for potentially exerting undue influence over the ruling Pheu Thai Party is a significant factor.
The political landscape within Thailand has become increasingly fraught since the EC accepted the petition calling for Pheu Thai’s dissolution.
Independent lawyer Thirayut Suwankesorn filed a complaint requesting the Constitutional Court to order Thaksin, the former prime minister, and the ruling party to cease actions that allegedly undermine the constitutional monarchy and violate Article 49 of the Constitution.
The EC determined the complaints were…