Builders work at a construction site for a mixed-use development project in the Sukhumvit area of Bangkok on July 1, 2023. (Photo by Alex OGLE / AFP)
Three leaders of Thailand’s private sector are urging the speedy formation of a new government, insisting that the country, particularly the national economy, cannot afford to wait up to ten months.
Kriangkrai Thiennukul, chairman of the Federation of Thai Industries, said today (Wednesday) that the private sector had set August as the acceptable deadline for a new government to be formed and to begin implementing policies to stimulate the economy. Failing that, the economy will suffer and production costs will increase.
He admitted that he cannot assess the extent of the damage to the economy, if the formation of the new government is further delayed by up to 10 months as proposed by some parties.
He pointed out that the outcome…
