Three months of uncertainty and anxiety for Thailand’s economy and the business sector ended last week as Parliament finally elected the country’s 30th prime minister after the May 14 general election.
The election of Srettha Thavisin, coalition leader Pheu Thai Party’s prime minister candidate, on August 22 has come as a relief to business leaders, injecting optimism into the economy.
The election of the PM paves the way for government formation.
Sanan Angubolkul, chairman of the Thailand Chamber of Commerce, said many concerned parties wanted the new government to be formed quickly so it could start addressing economic issues. He said the government in the first 100 days in office should move fast to address the high cost of living, promote tourism, accelerate government spending and formulate an expenditure plan for fiscal 2024.
Supachoke Supabundit, president of Kiatnakin…
