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Thai businesses call for swift government formation

Supporters of the Move Forward Party hold posters reading “Cancel senators” during a protest in Bangkok, Thailand, Friday, July 14, 2023. (AP Photo/Sakchai Lalit)

A speedy establishment of a new administration is of paramount importance, according to the business community amid ongoing political uncertainty.

Chookiat Ophaswongse, an honorary president of the Thai Rice Exporters Association voiced concerns over the nebulous political situation, indicating the future of Move Forward Party leader Pita Limjaroenrat as the next prime minister is uncertain, making the country vulnerable to tension. He said…

“The stock market is likely to remain volatile, and we will have to wait and see if there will be any changes in the political factions forming a government. Regardless of which parties constitute the next government, the business environment should improve once it is…

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