Thai election uncertainty raises concerns for small business owners

[snoop1130]

 

A record 39 million Thai citizens participated in the recent general election, with the Move Forward Party (MFP) emerging victorious. However, the recently amended constitution poses challenges for non-military political parties, and the MFP-led coalition still requires additional upper-house votes to secure the 376 seats needed for leadership. This has raised concerns about Thailand‘s political future and its economic prospects.

 

Maddy, a 25 year old online entrepreneur, expressed uncertainty about the nation’s economic outlook due to the winning parties’ inability to form a coalition government. Maddy voted for the Pheu Thai Party, whose digital wallet platform and economic policies aligned with her interests as a business owner.

 

She said…

 

“We have to see how the coalition government is going to turn out. If the new government can help support both small and big businesses as the parties promised, I believe that would really benefit the economy.”

 

Kasikornbank’s research unit (K-Research) warned that a delay in forming a new government could postpone the approval of the annual budget bill for fiscal 2024, impacting budget disbursements from the fourth quarter of 2023. Furthermore, the new government could face fiscal constraints as campaign pledges, such as easing living costs due to high energy prices, require substantial budgets.

 

By Alex Morgan

Caption: Leader of Move Forward Party Pita Limjaroenrat, fourth from left in front, raises his hands with other seven party leaders, during a press conference in Bangkok, Thailand, Thursday, May 18 , 2023. Thailand's election winner Move Forward Party on Thursday announced an 8-party coalition that its leader declared will become a "democratic government of the people. (AP Photo/Sakchai Lalit)

 

Full Story: https://thethaiger.com/hot-news/politics/thai-election-uncertainty-raises-concerns-for-small-business-owners

 

-- © Copyright Thaiger 2023-05-29

 

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[Pouatchee]

7 minutes ago, snoop1130 said:

Maddy, a 25 year old online entrepreneur, expressed uncertainty about the nation’s economic outlook

weed grower/seller, perhaps?

[dinsdale]

26 minutes ago, snoop1130 said:

A record 39 million Thai citizens participated in the recent general election, with the Move Forward Party (MFP) emerging victorious. However, the recently amended constitution poses challenges for non-military political parties, and the MFP-led coalition still requires additional upper-house votes to secure the 376 seats needed for leadership. This has raised concerns about Thailand‘s political future and its economic prospects.

Democracy Thai style. The military/elitist/royalists, the defenders of the three pillars, shall rule no matter what. Domacracy Thai style is not about the will of the people. Only the military/elitist/royalists the defenders of the three pillars, know what's best for Thailand. The people of Thailand in their ignorance can suffer as we prosper. We are the minority and we are the masters.

Well not this time. I've said before revolution is on the doorstep of this nation. All business should be concerned. The monopolies, duopolies and oligopolies in particular.

Edited May 29, 2023 by dinsdale

[hotchilli]

11 hours ago, snoop1130 said:

Maddy, a 25 year old online entrepreneur, expressed uncertainty about the nation’s economic outlook due to the winning parties’ inability to form a coalition government.

Work in progress Maddy.... keep your hair-on.

[hotchilli]

11 hours ago, Pouatchee said:

weed grower/seller, perhaps?

Online performer?

[RichardColeman]

I never watched that TV show Glee, but I imagine their will be a junta show called Glee soon revelling in the uncertainty of democracy

[Pouatchee]

22 minutes ago, hotchilli said:

Online performer?

Pole Dancer?

[sammieuk1]

Hamstrung party as not on the ballot paper was it but that's exactly what you got international observers if still awake watch and learn ????