Thailand's New Stimulus Package

On March 4, Thailand's Finance Minister Surapong Suebwonglee announced a tax stimulus package that has been approved by Thailand's cabinet. The tax stimulus package has three goals: to increase the income of Thai citizens, to promote small and medium enterprises (SMEs) and to stimulate investment and enhance competitiveness. This is good news for the Stock Exchange of Thailand Index (SETI) because it will increase the participation of smaller players, such as local mutual funds, which should act as downside support for the broader market.

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