Most business leaders in Thailand are concerned that the delay in the formation of a new government and post-election political conflicts will impact the Thai economy during the second half of the year and discourage investors, said Montri Mahaplerkpong, vice chairman of the Federation of Thai Industries (FTI), today (Thursday).
Worse still, if the conflicts turn violent, the tourism industry, which is the main engine driving the Thai economy, will suffer badly, he added.
The FTI gauged the opinions of 258 CEOs in July about their main worries for the industrial sector in the second half of the year. The poll shows that 81% of the respondents are concerned about the delay in forming a government and political conflicts. 76.4% are worried about high production costs from rising fuel, electricity and transport charges and raw material prices.
64.3% are worried about increased…
