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New govt needed to stem fund exodus, says Srettha

Pheu Thai Party member Srettha Thavisin says a new government should be set up quickly to allay investor concerns. (Photo: Chanat Katanyu)

Thailand needs to install a new coalition government headed by prime ministerial frontrunner and Move Forward Party (MFP) leader Pita Limjaroenrat at the earliest to allay investor concerns and stem an exodus of foreign funds from the nation’s stocks and bonds, according to Srettha Thavisin, a core member of the Pheu Thai Party.

An early government formation is needed to clear the post-election political uncertainty and allow the economy to move forward, Mr Srettha, a former real estate tycoon who is one of the three prime ministerial candidates of Pheu Thai, said on Twitter on Wednesday.

Mr…

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