Bangkok: Thai stocks are trading positively this morning, with investors showing little concern over the ongoing Thai-Cambodian border situation while they await the Federal Reserve’s upcoming decision.

According to Thai News Agency, Mr. Pichai Lertsupongkit, Managing Director of the Securities Business Division at InnovestX Securities, highlighted that investors are currently less worried about the recent clashes at the Thai-Cambodian border. Instead, they are focusing on the anticipated US Federal Reserve meeting scheduled for December 9-10. The market expects a 0.25% interest rate cut during this meeting. Additionally, attention is on the Dot Plot, a critical tool for communicating policymakers’ interest rate forecasts. Lertsupongkit predicts that Thai stocks will likely experience limited fluctuations this week, as investors await the Fed’s decision.

In other developments, the Cabinet’s discussions on promoting long-term savings, especially through the Tax-Savings (TISA) initiative, are seen as positive. However, specifics regarding the tax deduction mechanism remain uncertain. If the tax deductions are made available to both taxpayers and non-taxpayers without a cap, akin to the model in Japan, it could stimulate the capital market, attract new investments, and encourage savings. Previously, there were reports suggesting a cap on TISA tax deductions for taxpayers up to 300,000 baht.