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The Comptroller-General’s Department is confident that at least 87 per cent of the fiscal 2015 budget allocated for investment expenditures will be utilised, as purchase and hiring contracts rose to 46 per cent from 20 per cent in fiscal 2014.

The department plans to work with the Auditor-General’s Office to inspect the appropriateness of state spending and reduce fraud.

Manas Jamveha, director-general of the department, said yesterday that disbursements reached Bt1.66 trillion by last month, or 64.7 per cent of budget.

Regular disbursements were at 67.6 per cent of the expenditures budget and investment at 41.7 per cent of the capital budget of Bt449 billion.

Trinity expects SET to fluctuate due to out-flowing funds

Trinity Securities Group sees the SET fluctuating wildly this month due to out-flowing funds and other foreign factors.

It recommends buying stocks at 1,450 and selling at 1,550.

Chadchart Mekmasin, director of securities analysis, said yesterday that the market situation of the Stock Exchange of Thailand will be extremely shaky due to both domestic and international factors.

However, the situation seems to be heading for a recovery in the second half of the month.

The factors to closely follow are the interest reduction policy announcement on Wednesday and Opec’s meeting today.

If Opec decides to cut production, the oil price will increase dramatically and have a positive effect on the prices of stocks in the energy sector as well as the SET Index.

Also today, the US will disclose the non-agricultural employment rate. If it is worse than expected, it will positively affect sentiment, causing the market forecast for the increase in the Fed funds rate to be likely postponed.

Nu Skin anticipates strong year after 12% growth in Q1

Nu Skin Enterprises (Thailand) expects strong performance this year after posting 12-per-cent sales growth year on year in the first quarter, general manager Vipada Tangpakorn said yesterday.

Nu Skin Enterprises (Thailand) growth this year is expected to be on par with the parent company’s plans for research and development of high-quality products, said Vipada, who was promoted to the position at the beginning of March.