Private sector sees little impact from general election delay

 

 

BANGKOK, 24 January 2018 (NNT) – Members of the private sector have indicated continued confidence in the Thai economy despite a likelihood the general election will be delayed, noting strong factors abroad supporting investment in Thailand. 

President of the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) Klin Sarasin said that changes to the government’s plan for a general election this year would not likely result in any impact on private sector business confidence as the economy is currently on an uptrend due to sizable state investments into the grassroots sector and an inflow of foreign investment from countries such as the US, EU, China and Japan. 

The sentiment was shared by Federation of Thai Industries (FTI) Chairman Chen Namchaisiri who remarked that a change to the general election’s date would be understandable due to current legal obstacles. He asked only that any delay be satisfactorily explained while noting that foreign investors have shown little concern for the vote and have instead focused their attention on legislation to do with the Eastern Economic Corridor. 

Vice President of the Thai Chamber of Commerce Poj Aramwattananont voiced his belief the Thai economy will continue its march forward just as it has weathered political situations over the past four years.

 

-- nnt 2018-01-24

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