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The upcoming general election slated for May 7 is sparking speculation on a potential successor to Prime Minister Prayut Chan-o-cha as well as new economic policies that might be promoted by an incoming government.
RECAP: Asian shares and currencies slipped on Friday as strong economic data from the US and hawkish Federal Reserve comments revived fears that the US central bank will stick to its path of interest rate increases to tame inflation.
The Thailand Industry Sentiment Index (TISI) rose to 93.9 points in January, the highest level in 43 months, up from 92.6 points in December last year as entrepreneurs benefited from the state "Shop Dee Mee Khuen" tax rebate, the tourism recovery and China's reopening.
Consumer confidence rose to the highest level in 26 months in January, driven by the economic recovery, a surge in foreign tourist arrivals and the easing of the pandemic.
Global financial services firm J.P. Morgan has upgraded its rating for Thailand's stock markets to overweight from neutral because of returning Chinese tourists, with the SET Index forecast to hit 1,800 points this year.