Private sector voices serious concern over delay in government formation

[webfact]

Builders work at a construction site for a mixed-use development project in the Sukhumvit area of Bangkok on July 1, 2023. (Photo by Alex OGLE / AFP)

Three leaders of Thailand’s private sector are urging the speedy formation of a new government, insisting that the country, particularly the national economy, cannot afford to wait up to ten months.

 

Kriangkrai Thiennukul, chairman of the Federation of Thai Industries, said today (Wednesday) that the private sector had set August as the acceptable deadline for a new government to be formed and to begin implementing policies to stimulate the economy. Failing that, the economy will suffer and production costs will increase.

 

He admitted that he cannot assess the extent of the damage to the economy, if the formation of the new government is further delayed by up to 10 months as proposed by some parties.

 

Full story: https://www.thaipbsworld.com/private-sector-voices-serious-concern-over-delay-in-government-formation/

 

-- © Copyright Thai PBS 2023-07-26

 

- 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.

[JoePai]

No good moaning about it - go and tell the unelected Senators to F.O

[tomacht8]

10 months is not a big deal. The last 9 years have not exactly been characterized by high dynamism, reforms and a sack of good ideas. Standing still for 10 more months doesn't hurt that much either.

[hotchilli]

17 hours ago, webfact said:

Three leaders of Thailand’s private sector are urging the speedy formation of a new government, insisting that the country, particularly the national economy, cannot afford to wait up to ten months

Should have joined forces with MFP and made sure the elite voted the right way.

[newnative]

They need to keep making noise, but louder, much louder.  Not 3 business leaders speaking out but 300.

[Nickcage49]

This is likely to tank both the economy and the Baht, but hey, these guys don't care.

 

I still truly believe the people will be heard from.

 

The end result of the Arab Spring may have not been real positive, but they certainly made a lot of noise. I think the people who voted for Pita and many other Thais feel just like the kids who have been protesting. I'm surprised there aren't more people out on the streets demanding real Democracy in Thailand.