Economist, Centennial Asia Advisors

Jason Tan

Economist

Centennial Asia Advisors

At Centennial Asia Advisors, we tell it like it is. We have no vested interests, no need for a China wall, and no reason to skew our outlook any other way. With over 30 years experience covering Asia’s political economy, you can be sure our conclusions and analyses are based on the unadulterated facts. Through years of fine-tuning our research methodologies, we deliver a quality of macroeconomic analysis few other houses can match.

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Macroeconomics

<p><strong>Thailand: Affirmation of referendum means short-term stability, but underlying issues remain</strong></p><ul><li>Thais voted on 7 Aug to approve the military junta’s proposed constitution, with around 61.4% supporting and 38.6% rejecting the constitution on a 55% turnout.</li><li>This outcome will enhance the political legitimacy of the military government and bolster short-term stability, leading to a release of pent-up investment and consumption impetus.</li><li>However, in the longer-term, challenges are likely as the underlying political divides have not been addressed. The affirmed charter will crimp democracy in Thailand and possibly cause a large proportion of the population to feel disenfranchised.</li><li>Finally, in addition to the political rift, the ailing health of the Thai King, the upheaval in Thai Buddhism and the increasingly vicious insurgency in the South will test any incoming government.</li></ul>

Thailand: Affirmation of referendum means short-term stability, but underlying issues remainThais voted on 7 Aug to approve the military junta’s proposed constitution, with around 61.4% supporting and 38.6% rejecting the constitution on a 55% turnout.This outcome will enhance the political legitimacy of the military government and bolster short-term stability, leading to a release of pent-up investment and consumption impetus.However, in the longer-term, challenges are likely as the underlying political divides have not been addressed. The affirmed charter will crimp democracy in Thailand and possibly cause a large proportion of the population to feel disenfranchised.Finally, in addition to the political rift, the ailing health of the Thai King, the upheaval in Thai Buddhism and the increasingly vicious insurgency in the South will test any incoming government.

North Bangkok Power Plant Block 1 Infrastructure Fund (EGATIF TB)

North Bangkok Power Plant Block 1 Infrastructure Fund

Thailand Referendum: Short-Term Stability but Underlying Issues Unresolved