Foreign investors may hesitate to invest in Thailand due to concerns over the Thai government’s stability, now that the Constitutional Court has accepted for consideration the petition by a group of 40 senators, claiming that the court should remove Prime Minister Srettha Thavisin for alleged violation of ethical standards for the appointment of Phichit Chuenban as PM Office minister.

 

Phichit resigned ahead of the court’s decision to accept the petition.

 

Kriangkrai Thiennukul, president of the Federation of Thai Industries (FDI), said that the court’s decision has affected the confidence of corporate executives, to the extent that they may wait and see how the political situation pans out before investing.

 

Full story: Thai PBS 2024-05-27

 

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2 hours ago, webfact said:

Foreign investors may hesitate to invest in Thailand due to concerns over the Thai government’s stability, now that the Constitutional Court has accepted for consideration the petition by a group of 40 senators, claiming that the court should remove Prime Minister Srettha Thavisin for alleged violation of ethical standards for the appointment of Phichit Chuenban as PM Office minister.

Coupled with Thaksins meddling, who would seriously invest in Thailand... [except China]

Good......take your money elsewhere to a country that has a future.

This one has none until the scourge of corruption and dictatorship is removed.

5 hours ago, webfact said:

Foreign investors may hesitate to invest in Thailand due to concerns over the Thai government’s stability

And that lack of stability is nothing to do with the latest little 'song and dance'.

The government has been unstable since it used Section 112, and other nefarious means to get into power.

47 minutes ago, Tropicalevo said:

And that lack of stability is nothing to do with the latest little 'song and dance'.

The government has been unstable since it used Section 112, and other nefarious means to get into power.

Absolutely true. The Thailand economy is edging closer to collapse. Despite the pandemic being over things are not growing and more shops are closing down and very few new international business investments are being made in Thailand.  50 million tourists from China aint gonna solve what is wrong with Thailand after the Junta destroyed most business opportunities for non-Chinese realted organisations. And they are still committed to buying those ridiculous Chinese submarines - and paying all the military kickbacks involved in all that. Thailand is is big deep poo poo - and they are moving towards to deep end.   

Who would invest in a country that is broke, but keeps on wanting to spend money it does not have, plus the interference of the PM in banking and on a world tour of begging. Plus the whole web of corruption that runs the place, with "Unnamed influential" people who control the purse. 

 

Edited May 27, 20242 yr by brianthainess

... well, know what, you could even outlaw investments already been made here as well, say for example in the renowned  Cannabis business, that should help.

Not.

 

Dumb w & ankers in action but over all kinda entertaining to watch ...