The Thai baht rose 1.3% to 31.2 per dollar, boosted by the Bhumjaithai Party’s election victory, securing 191 seats and enhancing market confidence and policy continuity in Thailand.

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Key Points

• The Thai baht increased by 1.3% to 31.2 per dollar on Monday, recovering from previous losses and reaching a one-week high due to improved market sentiment following the Bhumjaithai Party’s election win.
• The ruling Bhumjaithai Party secured 191 out of 500 seats in the House of Representatives, nearly tripling its 2023 count, enhancing market confidence and reducing risks of political instability.
• This election outcome suggests policy continuity regarding social handouts and budget approvals, while the pro-democracy People’s Party, which led in pre-election surveys, is projected to win 115 seats.

Market Sentiment Improvement

The Thai baht rose by 1.3% to 31.2 per dollar on Monday, recovering from previous losses and reaching a high not seen in over a week. This rebound can be largely attributed to enhanced market sentiment following the substantial election success of the Bhumjaithai Party. As Thailand’s ruling conservative party, the Bhumjaithai Party has made a significant impact by winning 191 of the 500 seats in the House of Representatives, a notable increase nearly triple that of their 2023 performance. This solid victory has instilled confidence among investors, signaling a more stable political environment.

Implications for Political Stability

With a solid electoral win, the Bhumjaithai Party is predicted to reduce the risks associated with political deadlock or instability. A robust showing by Prime Minister Anutin Charnvirakul and his anticipated coalition partners suggests a more cohesive governing body and the potential for policy continuity. This outcome is not just about immediate political dynamics; it enables the continuation of the party’s social handouts and lays the groundwork for the approval of a new budget. As the electorate embraces this new direction, hopes for progress in governance and economic policy remain optimistic.

Opposition Landscape Overview

On the other hand, the pro-democracy People’s Party, which had been a front-runner in pre-election polls, is expected to secure 115 seats. Despite the party’s inability to match the Bhumjaithai Party’s success, their presence will likely contribute to a more diverse political discourse in Thailand. The results highlight a shifting electoral landscape where traditional party dominance faces challenges from emerging political entities. In summary, the elections have not only altered the composition of Thailand’s legislature but also the broader implications for future governance and public policy.

Other People are Reading

Shares of Navin Fluorine International rallied after 3% to Rs 6,6824 after the company reported a robust set of figures for the December quarter of financial year 2026. Net profit rose to Rs 185.4 crore in the quarter, up an impressive 122% from Rs 83.6 crore in the corresponding period last year.

Revenue from operations increased 47.2% YoY to Rs 892.3 crore compared with Rs 606.2 crore a year earlier.

Operating performance improved significantly during the quarter. EBITDA climbed to Rs 307.4 crore from Rs 147.3 crore in the year-ago period, while the EBITDA margin expanded to 34.4% from 24.3%, reflecting stronger operating leverage and a favourable business mix.

As for the revenue split, HPP (high-performance products), which includes refrigerants and inorganic fluorides, reported a 35% increase in revenue at Rs 412 crore in Q3FY26. The specialty chemicals business recorded a 60% increase to Rs 354 crore, while the CDMO business rose 61% in revenue terms to Rs 127 crore, the company’s regulatory filing showed.

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The HPP segment reported revenue growth during the period, supported by higher realisations along with increased volumes. The AHF capex was commissioned in Q4FY26 and dispatches have already commenced. It also noted that the pricing environment for HFC continues to remain constructive.
The specialty chemicals business continues to maintain a strong product pipeline, with scale-up underway in existing molecules and new molecule launches planned. De-bottlenecking of the MPP capacity at the Dahej facility is progressing as scheduled and is expected to be commissioned in Q3FY27. The segment delivered its highest-ever quarterly performance and the outlook remains positive, backed by strong order visibility for Q4 and beyond.The CDMO business maintained its momentum with robust order visibility. The company highlighted progress in its strategy, focusing on a balanced portfolio with a mix of early-stage and late or commercial-stage molecules. Supplies for a material order to one EU major have been completed and discussions for future supplies are ongoing, while another EU major has placed a scale-up order scheduled for Q4 supplies.

Navin Fluorine is a specialty fluorochemicals manufacturer serving global customers across pharmaceuticals, agrochemicals, specialty chemicals and high-performance materials.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times.)

Rose Tian is worried about the economy and global instability. So she does what millions of people in China do: buys gold.

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TOKYO—Imagine a sheet made of microscopic glass fibers, woven by a former silk maker and thinner than a human hair. A shortage of this material—essential in artificial-intelligence chips—is looming over companies including Apple and Nvidia.

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