Thai businesses call for swift government formation

[webfact]

 

A speedy establishment of a new administration is of paramount importance, according to the business community amid ongoing political uncertainty.

 

Chookiat Ophaswongse, an honorary president of the Thai Rice Exporters Association voiced concerns over the nebulous political situation, indicating the future of Move Forward Party leader Pita Limjaroenrat as the next prime minister is uncertain, making the country vulnerable to tension.

 

“The stock market is likely to remain volatile, and we will have to wait and see if there will be any changes in the political factions forming a government. Regardless of which parties constitute the next government, the business environment should improve once it is established,” he stated.

The current political void is likely to persist until the establishment of a new government. Foreign investors interested in Thailand could potentially adopt a ‘wait-and-see’ stance in this period, commented Chookiat.

Adding to this, he insisted on peaceful political demonstrations to minimise impacts on the economy, thereby allowing rice exports to continue as usual. He estimated the average monthly export volume of rice to remain at 700,000 metric tonnes for the remainder of the year.

 

by Alex Morgan

Photo: Supporters of the Move Forward Party hold posters reading "Cancel senators" during a protest in Bangkok, Thailand, Friday, July 14, 2023. (AP Photo/Sakchai Lalit)

 

Full story: https://thethaiger.com/news/business/thai-businesses-call-for-swift-government-formation

 

-- © Copyright Thaiger 2023-07-15

 

- Cigna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here.

[StayinThailand2much]

3 hours ago, webfact said:

Adding to this, he insisted on peaceful political demonstrations to minimise impacts on the economy, thereby allowing rice exports to continue as usual. He estimated the average monthly export volume of rice to remain at 700,000 metric tonnes for the remainder of the year.

Imagine the people demonstrating ate more rice! There would be less to export, so, perhaps, Thailand would lose its top rice-export spot, and, consequently, face... 

Edited July 15, 2023 by StayinThailand2much

[Cake Monster]

The actions of just a few Individuals is really hurting the Economy and the people.

But that has no meaning to those people as they are well heeled enough not to worry

[zzaa09]

These are sad times when we perfectly accept the base ideals of government influence and control of the private business sector and free markets.