Thai stock inflows to rise bourse chief

Good times ahead: A Thai investor watching a electronic board showing share prices at a stock brokerage in Bangkok. Sathit says stock inflows are poised to extend biggest monthly gain this year. – EPA

BANGKOK: Thailand's stock inflows are poised to extend the biggest monthly gain this year as the government takes steps to boost the economy and the United States delays an increase in interest rates, according to the head of the nation's bourse.

It will continue to lure back overseas funds as government incentives for home purchases and increased spending in rural areas will spur the economy and earnings growth, Sathit Limpongpan, chairman of the Stock Exchange of Thailand, said in an interview in his Bangkok office on Wednesday. Foreigners are also chasing higher yields as the Federal Reserve is seen maintaining borrowing costs this year, he said.