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Tuesday, May 14, 2024

Stocks facing pressure if government in limbo

An investor monitors an electronic display of stock indices. (File photo)

The Stock Exchange of Thailand (SET) index could dip to around 1,470 points if a new government cannot be formed until May 2024 when the Senate’s term ends, dealing a blow to fiscal budget disbursement over the next three years.

If the Pheu Thai Party and the Move Forward Party (MFP) stay together and declare themselves as the opposition or wait until the Senate’s term finishes in May next year…

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