Political turmoil will hit the economy badly, business sector warns

[Lite Beer]

Political turmoil will hit the economy badly, business sector warns
Petchanet Pratruangkrai
The Sunday Nation

BANGKOK: -- Some businessmen foresee the dissolution of the House of Representatives or a government change. Though this means political vacuum, it should end a prolonged political turmoil that will only hinder Thailand's economic growth and destroy consumer spending.

Prominent business people, attending the 31st annual meeting of the Thai Chamber of Commerce (TCC) in Trang, shared the view that Thailand required a big change in politics to end the conflict and promote economic growth.

The meeting wraps up today.

TCC chairman Isara Vongkusolkit said private enterprises were very concerned about the current conflict and possible violence if anti-government protests continue.

"This political disorder will only destroy growth. However, if Parliament is dissolved, the economy would need some time to get back on track as there would be a vacuum during the election," Isara said.

Boonchai Chokwatana, vice chairman to the TCC, said."The current government was unable to promote growth as it only concentrated on solving political problems. Schemes like waiving tax for first-car buyers and its rice-pledging project have destroyed consumer spending power and made economic expansion sluggish."

He pointed out that the economy this year could suffer flat growth if political disorder continues for another three to six months.

Boonchai said that to solve this problem, the best option for the government would be to dissolve the Parliament or introduce some change. The private sector is ready for change if it can promote better growth. The ongoing disorder will only destroy growth and the Thai economy could contract next year.

The vice chairman also said the government needed to adjust its key populist policies, particularly the rice-pledging scheme as it would create a huge debt for the country. The government can either directly pay the farmers or subsidise production rather than distorting the market mechanism.

Phongsak Assakul, honorary chairman to the chamber, said TCC members were very concerned about the political situation. He said it may be best if both sides could opt talk rather than confront each other.

Pornsil Patchrintanakul, TCC's vice chairman, reiterated that the political problem had severely affected the country's growth, warning that the longer it continues, the worse the problems would get. Hence, he said, all involved sides should step back and see what is best for the country

-- The Nation 2013-11-24

[arthurboy]

Prominent business people, attending the 31st annual meeting of the Thai Chamber of Commerce (TCC) in Trang, shared the view that Thailand required a big change in politics to end the conflict and promote economic growth.

The meeting spokesperson went on to add, 'Of course, political turmoil is normal, even expected, in Thailand, so our comments do not necessarily reflect anything useful for the country's economic growth and development, or indeed the very future of Thailand itself.

However, we do expect the rich and influential to get richer and more influential, as is their right. Meanwhile we expect that corruption - across the board - will continue to maintain its stranglehold grip on the poor and disadvantaged, so they remain, er...well, poor and disadvantaged.

In short, the status quo will remain er...the status quo.

[Thainy Tim]

TCC chairman Isara Vongkusolkit said private enterprises were very concerned about the current conflict and possible violence if anti-government protests continue.

You can always offset that by investing in the medical sector.

[waza]

The Thai business sector is virtually begging for the end of this administration.

"Prominent business people, attending the 31st annual meeting of the Thai Chamber of Commerce (TCC) in Trang, shared the view that Thailand required a big change in politics to end the conflict and promote economic growth."

They can see how the Thaksin puppet governments corrupt populist policies and Thaksinomomics are decimating the Thai economy.

"Boonchai Chokwatana, vice chairman to the TCC, said."The current government was unable to promote growth as it only concentrated on solving political problems. Schemes like waiving tax for first-car buyers and its rice-pledging project have destroyed consumer spending power and made economic expansion sluggish."

Yingluck and her administration must be feeling very unloved

"Boonchai said that to solve this problem, the best option for the government would be to dissolve the Parliament or introduce some change. The private sector is ready for change if it can promote better growth. The ongoing disorder will only destroy growth and the Thai economy could contract next year."

Edited November 24, 2013 by waza

[FarangTalk]

The Thai business sector is virtually begging for the end of this administration.

Or just an end to the divisive machinations from the Democrat Party and their backers, and an end to the political protests designed to oust an elected government by undemocratic means. Which would be a far easier and a less detrimental solution.

Let the electorate decide at the ballot box in 2015 or before.

Of course, keen observers will note that the Thai political landscape remains tainted by those opposed to democracy, and throughout Thai history Thaksin remains the only PM to be re-elected, and the only PM to serve a full term in office.

History also shows the cycle of coups and ousting of governments outwith a democratic and fair practice has been harmful to Thai economic progress and is the reason we find ourselves at the current impasse. What is it now? 9 coups and however many judicial coups?

[waza]

The Thai business sector is virtually begging for the end of this administration.

Or just an end to the divisive machinations from the Democrat Party and their backers, and an end to the political protests designed to oust an elected government by undemocratic means. Which would be a far easier and a less detrimental solution.

Let the electorate decide at the ballot box in 2015 or before.

Of course, keen observers will note that the Thai political landscape remains tainted by those opposed to democracy, and throughout Thai history Thaksin remains the only PM to be re-elected, and the only PM to serve a full term in office.

History also shows the cycle of coups and ousting of governments outwith a democratic and fair practice has been harmful to Thai economic progress and is the reason we find ourselves at the current impasse. What is it now? 9 coups and however many judicial coups?

Dear Farrangtalk, please don't try to mislead the poster with your unsubstantiated red spin, no where in the entire topic were the Dems mentioned. When in fact they quite categorically state that, " to solve this problem, the best option for the government would be to dissolve the Parliament or introduce some change. The private sector is ready for change if it can promote better growth. The ongoing disorder will only destroy growth and the Thai economy could contract next year."

Why is this? They explain that, "the government needed to adjust its key populist policies, particularly the rice-pledging scheme as it would create a huge debt for the country. The government can either directly pay the farmers or subsidise production rather than distorting the market mechanism." and "."The current government was unable to promote growth as it only concentrated on solving political problems. Schemes like waiving tax for first-car buyers and its rice-pledging project have destroyed consumer spending power and made economic expansion sluggish."

All that are down solely down to the Thaksin, the convicted criminal's, proxy government and their corrupt policies. That would be the same Thaksin that said, Democracy is not my goal".

PS: We are in this impasse solely because the convicted criminal Thaksin's proxy government is selling the farm to pay for their populist policies and instead of administering the country in a responsible and professional manner they have neglected their duty to railroad the Thaksin agenda, ileagally and unconstitutionally through the parliament.

Edited November 24, 2013 by waza

[bushwacker]

Hurt business and still the world bank forecasts a 3 % GNP growth next year. Not too bad.

[tomacht8]

I like to agree with the speakers from the Thai Chamber of Commerce (TCC).
Cause and consequences clearly described.
The state budget is not a Self-service store!

[bigbamboo]

The Thai business sector is virtually begging for the end of this administration.

Or just an end to the divisive machinations from the Democrat Party and their backers, and an end to the political protests designed to oust an elected government by undemocratic means. Which would be a far easier and a less detrimental solution.

Let the electorate decide at the ballot box in 2015 or before.

Of course, keen observers will note that the Thai political landscape remains tainted by those opposed to democracy, and throughout Thai history Thaksin remains the only PM to be re-elected, and the only PM to serve a full term in office.

History also shows the cycle of coups and ousting of governments outwith a democratic and fair practice has been harmful to Thai economic progress and is the reason we find ourselves at the current impasse. What is it now? 9 coups and however many judicial coups?

True.... just as rampant corruption has had the same effect and why we're facing the possibility of a repeat of 2006.

Plus ca change.

[chainarong]

Political turmoil was always on the cards from the onset of Thaskin Shinawtra , this hand picked mob of slackers , had no experience except as rich businessmen ,unfortunately , the dreams of the everyday Thai, this was the begging of a new era in Thailand politics, the Thai love Thai party, now the PTP, these dreams have now come back to haunt Thailand , it stands to reason that the self serving, arrogant , corrupt, criminal element that naturally surrounds the PTP will eventually swamp them , that is once the good people of Thailand , all wake up to this fact , the total obliteration of this group of parasites would do Thailand no harm what so ever.

[Baerboxer]

Hurt business and still the world bank forecasts a 3 % GNP growth next year. Not too bad.

And what could Thailand really achieve with a competent, non corrupt, real democratic government in power ? A dam site more than 3%.

[Chrisswe]

Sure, and you know where to send the bills !!!

[indyuk]

The Thai business sector is virtually begging for the end of this administration.

Or just an end to the divisive machinations from the Democrat Party and their backers, and an end to the political protests designed to oust an elected government by undemocratic means. Which would be a far easier and a less detrimental solution.

Let the electorate decide at the ballot box in 2015 or before.

Of course, keen observers will note that the Thai political landscape remains tainted by those opposed to democracy, and throughout Thai history Thaksin remains the only PM to be re-elected, and the only PM to serve a full term in office.

History also shows the cycle of coups and ousting of governments outwith a democratic and fair practice has been harmful to Thai economic progress and is the reason we find ourselves at the current impasse. What is it now? 9 coups and however many judicial coups?

Dear Farrangtalk, please don't try to mislead the poster with your unsubstantiated red spin, no where in the entire topic were the Dems mentioned. When in fact they quite categorically state that, " to solve this problem, the best option for the government would be to dissolve the Parliament or introduce some change. The private sector is ready for change if it can promote better growth. The ongoing disorder will only destroy growth and the Thai economy could contract next year."

Why is this? They explain that, "the government needed to adjust its key populist policies, particularly the rice-pledging scheme as it would create a huge debt for the country. The government can either directly pay the farmers or subsidise production rather than distorting the market mechanism." and "."The current government was unable to promote growth as it only concentrated on solving political problems. Schemes like waiving tax for first-car buyers and its rice-pledging project have destroyed consumer spending power and made economic expansion sluggish."

All that are down solely down to the Thaksin, the convicted criminal's, proxy government and their corrupt policies. That would be the same Thaksin that said, Democracy is not my goal".

PS: We are in this impasse solely because the convicted criminal Thaksin's proxy government is selling the farm to pay for their populist policies and instead of administering the country in a responsible and professional manner they have neglected their duty to railroad the Thaksin agenda, ileagally and unconstitutionally through the parliament.

Dear Sir,

If you truly believe that Thaksin and his policies were corrupt your Democrat friends should have impeached him. If Thaksin had been impeached none of the current problems would exist.

The whole point of impeachment is that it neutralises the power of the impeached at home and in the international arena too.

However this is Thailand and many are dragged down on a whim by those that want their victim to be cut by many a sword stoke. Does the Democrat craving for revenge in blood satisfy. No their injured pride demands more and more blood.

Now it is happening all over again. Further revolt is being choreographed by the same same felonious men as before.

Sometime when you are beaten it is better to be gracious in your defeat and build to win when the victor calls the next election.

However the Democrat loser continues to lick his wounds, and plan revenge while his political party disintegrates.

Edited November 24, 2013 by indyuk

[waza]

The Thai business sector is virtually begging for the end of this administration.

Or just an end to the divisive machinations from the Democrat Party and their backers, and an end to the political protests designed to oust an elected government by undemocratic means. Which would be a far easier and a less detrimental solution.

Let the electorate decide at the ballot box in 2015 or before.

Of course, keen observers will note that the Thai political landscape remains tainted by those opposed to democracy, and throughout Thai history Thaksin remains the only PM to be re-elected, and the only PM to serve a full term in office.

History also shows the cycle of coups and ousting of governments outwith a democratic and fair practice has been harmful to Thai economic progress and is the reason we find ourselves at the current impasse. What is it now? 9 coups and however many judicial coups?

Dear Farrangtalk, please don't try to mislead the poster with your unsubstantiated red spin, no where in the entire topic were the Dems mentioned. When in fact they quite categorically state that, " to solve this problem, the best option for the government would be to dissolve the Parliament or introduce some change. The private sector is ready for change if it can promote better growth. The ongoing disorder will only destroy growth and the Thai economy could contract next year."

Why is this? They explain that, "the government needed to adjust its key populist policies, particularly the rice-pledging scheme as it would create a huge debt for the country. The government can either directly pay the farmers or subsidise production rather than distorting the market mechanism." and "."The current government was unable to promote growth as it only concentrated on solving political problems. Schemes like waiving tax for first-car buyers and its rice-pledging project have destroyed consumer spending power and made economic expansion sluggish."

All that are down solely down to the Thaksin, the convicted criminal's, proxy government and their corrupt policies. That would be the same Thaksin that said, Democracy is not my goal".

PS: We are in this impasse solely because the convicted criminal Thaksin's proxy government is selling the farm to pay for their populist policies and instead of administering the country in a responsible and professional manner they have neglected their duty to railroad the Thaksin agenda, ileagally and unconstitutionally through the parliament.

Dear Sir,

If you truly believe that Thaksin and his policies were corrupt your Democrat friends should have impeached him. If Thaksin had been impeached none of the current problems would exist.

The whole point of impeachment is that it neutralises the power of the impeached at home and in the international arena too.

However this is Thailand and many are dragged down on a whim by those that want their victim to be cut by many a sword stoke. Does the Democrat craving for revenge in blood satisfy. No their injured pride demands more and more blood.

Now it is happening all over again. Further revolt is being choreographed by the same same felonious men as before.

Sometime when you are beaten it is better to be gracious in your defeat and build to win when the victor calls the next election.

However the Democrat loser continues to lick his wounds, and plan revenge while his political party disintegrates.

Indyuk, what a distorted myopic view you have, to answer your off topic questions. How do you impeach a convicted criminal on the run? The next best thing is to impeach his proxy PM who is trying illegally and unconstitutionally to bulldoze his agenda of self benefit at the expense of Thai unity, the rule of law and democracy in Thailand. Thaksin the pronoid was convicted of a crime and is a fugitive that is afraid to return to Thailand and the current problems still exist.

The Dems have never dealt in blood that is the sole area of Thaksin the butcher and his cult followers. From pouring tainted blood in the street, mass murder of southern protestor, the death of thousand in his war on drugs to sending his follows to their deaths in protest for his money.

Furthermore, its is not happening again, not one act of violence has been perpetrated by the anti-amnesty or anti-government protestor, they are in fact peacefull protestors by name and nature. Unlike the hired red and black thugs that Thaksin employed that committed murder, lootings, arson and held Bangkok in ransom for their unrealistic demands. Moreover, there were no mass protests against the PTP, even when the magnitude of their corruption became public knowledge, until they revealed their hidden agenda of perverting the rule of law and granting amnesty to a convicted criminal on the run from a multitude criminal and crimes against humanity charges.

In conclusion, in case you cant recognise it this is democracy in action, a large section of the Thai community is so incensed by the illegal, unconstitutional and undemocratic actions of the Thaksin the criminals proxy government that they are prepared to run the gauntlet of thugs and saboteurs to gather in solidarity to protest against the criminal organisation, Thaksin the convicted criminal has created, to call for it to do the honourable thing and resign. This would defuse the situation and allow the people to decide in a ballet who and what policies they support. But we know there is no honour amongst thieves.

Edited November 24, 2013 by waza

[Ricardo]

Sure, and you know where to send the bills !!!

Dubai ?

or to the bankrupt government-backed BAAC ?