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Phonvichai - 1 Limjaroenrat - 1 Pita - 1 Orathai Sriring - 1 Tom Hogue - 1
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BANGKOK Thailand Bangkok
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University of - 1 Thai Chamber of Commerce - 1 Thomson - 1

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2 mentions found


☆ Thai consumer confidence at 40-mth high in June but politics a worry
  + stars: | 2023-07-13 | by ( ) www.reuters.com   time to read: +1 min
BANGKOK, July 13 (Reuters) - Thai consumer confidence rose for a 13th straight month in June, reaching its highest in nearly 3-1/2 years, bolstered by a recovery in tourism despite concerns over political uncertainty, a survey showed on Thursday. The consumer index of the University of the Thai Chamber of Commerce rose to 56.7 in June from 55.7 in May. Thailand has long been a popular destination for foreign tourists, receiving nearly 40 million visitors in pre-pandemic 2019. "Consumer confidence has improved steadily because of the tourism sector, but consumers are very worried about political impacts," Thanavath Phonvichai, president of the university, told a briefing on the consumer survey that determines the index. "Politics will have an impact on the economy if there is a violent protest and a delay in forming a government," he said.
Persons: Phonvichai, Limjaroenrat, Pita, Orathai Sriring, Tom Hogue Organizations: University of, Thai Chamber of Commerce, Thomson Locations: BANGKOK, Thailand, Bangkok
☆ Thai household debt in election focus as millions in 'endless struggle'
  + stars: | 2023-05-09 | by ( Devjyot Ghoshal Juarawee Kittisilpa Orathai Sriring | Devjyot Ghoshal | Juarawee Kittisilpa | ) www.reuters.com   time to read: +5 min
The sole breadwinner of a family of five is about 8 million baht ($236,000) in debt and has no cash savings. In February, it said that household debt levels should be brought down from 86.9% of GDP at the end of 2022 to below 80% to help reduce financial risks. Political parties' extravagant election promises could increase the macro-economic risks posed by debt, analysts say. "There was no warning," said Achin Chunglog, president of a nationwide group of volunteers that helps people struggling with debt. In the rural hinterland, 90% of farm households have outstanding loans, according to a March study that described a "vicious cycle of debt".
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