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Sunday, May 5, 2024

Delay in forming new govt will hurt Thailand, business sector warns

BANGKOK (The Nation/Asia News Network): The private sector wants a new government formed as soon as possible to avoid risks to investor confidence from the political vacuum, the Thai Chamber of Commerce said on Monday (March 20).

“We want the new government to continue megaprojects that have been carried out so far, such as the promotion of the BCG [bio, circular, green] economy model, development of the Eastern Economic Corridor, and other key national agenda,” said chamber chairman Sanan Angubolkul.

The government led by Prayut Chan-O-Cha is now in caretaker mode after Parliament was dissolved on Monday to clear the way for an election in May. An election must be held 45 to 60 days after the dissolution.

The Election Commission (EC) will on Friday announce the election date, which is expected…

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