wide range of economic activities, weakening purchasing powers, lowering household income, increasing number of laid off labors, high debt burden, and lowest consumers’ confidence in more than 21 years
merchandise exports contracted in response to the weakening global economy and sustained Baht appreciation. In addition, the contraction in merchandise exports has affected private consumption and investment
) and the value of R-squared (69.17%).4 This slight weakening of the results most likely reflects the small sample size. [Table 5 around here] Another concern is that the trailing PE ratio is employed as
Budget Act and drought. Furthermore, domestic spending may be limited due to weakening purchasing power and hefty household debt. Apart from economic woes, businesses face numerous other challenges that
market and weakening investors’ confidence. High oil prices, rising interest rates, the outbreak of avian influenza, and concerns over inflation were among the main factors. Coupled with this uncertainty
several other central banks in Asia gradually adopted a more accommodative stance in response to the weakening global economy amid looming risks. The US central bank cut its policy rate to 2.00-2.25 percent
, private consumption, private investment and public spending were all on the wane. Moreover, exports were still in contraction, beset by the weakening economies of Thailand’s trade partners and tumbling
small audit firms. For instance, while large audit firms experienced insufficient audit staff in senior and manager levels, thus weakening the quality of the audits in areas that involved complex business
boutiques that rely heavily on tourists as their clientele. Other events likely to reduce the number of tourists, such as geopolitical instability and insecurity (e.g., terrorist attacks) and weakening of the
listed companies were sometimes assigned to the auditors with insufficient experiences, and as a result, weakening the audit quality in areas that involved complex business transactions or those that