Originally published on July 17, 2026

By Jennifer Nash

Building permits fell 3.0% in June to a seasonally adjusted annual rate of 1.367 million. The latest reading missed the forecast of 1.400 million. Building permits are down 2.3% from

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Prime Minister Anutin Charnvirakul met with over 40 European companies to enhance trade and investment ties, emphasizing Thailand’s commitment to digital infrastructure and positioning as an industrial hub while pursuing the Thailand-EU Free Trade Agreement.

Key Points

• Meeting Overview: Prime Minister Anutin Charnvirakul met over 40 European company executives at Government House on July 16, discussing trade and investment within the EU-ASEAN Business Council framework. The dialogue underscored Europe’s importance as a key economic partner for Thailand.
• Government Priorities: Anutin highlighted plans to enhance digital infrastructure, AI, clean energy, and transportation networks while improving the investment climate through the Thailand FastPass program and pursuing the Thailand-EU Free Trade Agreement (FTA).
• European Business Perspectives: European representatives affirmed Thailand’s appeal as an investment destination due to its strategic location and skilled workforce. They advocated for closer cooperation in various sectors and supported Thailand’s OECD membership and the FTA, alongside the government’s initiative to reform outdated regulations.

Prime Minister Anutin Charnvirakul met with executives from more than 40 European companies on July 16 at Government House during a meeting with the EU-ASEAN Business Council and the European Association for Business and Commerce. The discussions covered trade, investment, and broader economic cooperation between Thailand and the European Union.

Anutin said Europe remains one of Thailand’s key economic partners and that continued investment by leading European companies reflects confidence in the country’s long-term potential. He outlined the government’s priorities of expanding digital infrastructure, artificial intelligence, clean energy, transportation networks, and logistics, while improving the investment climate through the Thailand FastPass program, OECD accession, and progress toward the Thailand-EU Free Trade Agreement.

The prime minister also said the government is working to position Thailand as a regional hub for industries including semiconductors, digital technology, clean energy, life sciences, modern agriculture, and food production. He added that concluding the Thailand-EU FTA would expand market access for Thai products and create new opportunities for businesses.

Representatives of the European business community said Thailand remains an attractive investment destination because of its strategic location, manufacturing base, and skilled workforce. They also expressed support for Thailand’s OECD membership and the Thailand-EU FTA while proposing closer cooperation in manufacturing, healthcare, food, finance, and the digital economy. The government also reaffirmed plans to simplify business procedures by updating more than 7,000 outdated laws and regulations.

Source : Thai PM Welcomes European Executives to Advance Thailand-EU FTA

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The Q1 earnings season kicked off earlier this month with IT services major Tata Consultancy Services (TCS) reporting its results. On Friday, leading private sector lenders HDFC Bank, ICICI Bank, Axis Bank and Kotak Mahindra Bank also announced their June-quarter earnings.

July 20 (Monday)

UltraTech Cement is set to report its Q1 FY27 results on Monday. Paytm and Indian Overseas Bank will also announce their June-quarter earnings, along with Karur Vysya Bank, Shyam Metalics and Sobha.

July 21 (Tuesday)

Live Events

Several major companies are scheduled to announce their Q1 results on Tuesday, including Bajaj Auto, Adani Energy Solutions, TVS Motor Company, Indian Hotels Company, JSW Infrastructure, Adani Gas, Mahindra & Mahindra Financial Services and Anthem Biosciences.
July 22 (Wednesday)Quick commerce and food delivery major Eternal will report its June-quarter earnings on Wednesday. FMCG giant Nestlé India will also announce its results. Other key companies on the earnings calendar include Adani Power, Adani Green Energy, BPCL, Oracle Financial Services Software, Dr. Reddy’s Laboratories and United Spirits.

July 23 (Thursday)

IT services major Infosys will announce its June-quarter earnings on Thursday. Other companies reporting results include IndiGo, Cipla, Motilal Oswal Financial Services, Mphasis, Sona BLW Precision Forgings, Go Digit General Insurance and Chennai Petroleum Corporation.

July 24 (Friday)

Shriram Finance, CG Power, Bank of Baroda, Jindal Steel & Power (JSPL), Laurus Labs, Apar Industries, Welspun Corp and Container Corporation of India (CONCOR), among others, will announce their April–June quarter (Q1 FY27) results.

Market outlook

Vinod Nair, Head of Research at Geojit Investments, said market sentiment continues to be supported by encouraging Q1 FY27 business updates and growing optimism over a healthy earnings season.

Meanwhile, Goldman Sachs expects the Nifty 50 to rebound to 26,500 by June 2027, above its current record high of 26,373, as it turns more constructive on India amid an improving macroeconomic backdrop.

Looking ahead, Nair said global investors will closely track Japan’s inflation data for clues on the future path of interest rates, while India’s PMI readings will provide fresh insights into economic activity and business confidence.

He added that corrections in select Asian markets amid concerns over elevated AI-driven valuations could enhance India’s relative attractiveness among emerging markets. Supported by strong macroeconomic fundamentals, resilient domestic demand and a diversified growth profile, India remains well positioned to attract long-term capital inflows.

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

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