Thailand is now facing a new round of coronavirus infections with cases jumping in Bangkok and a number of other provinces. The major cluster in this wave appears to have originated in pubs and entertainment areas in the upscale Thong Lor district of Bangkok.
Given the relatively slow pace of vaccinations in Thailand, this latest outbreak has given rise to some panic and affected the investment mood on the SET. With Songkran celebrations just around the corner, the new wave has stoked fears that containment measures — such as pub closures in 41 provinces — will curb spending during the holiday and again stall the country’s economic recovery.
Before the news of the latest outbreak, the SET had actually climbed to a peak of 1,606.41 points in early April before quickly retreating to below 1,560 as of Thursday. In line with the…
