Thai political truce sparks hopeful business and economic recovery prospects

Thailand‘s business leaders anticipate a more positive path for the Move Forward Party (MFP) and its seven ally political parties to constitute a government and address economic challenges, following the agreement on a House speaker. The MFP had earlier been engaged in disputes with the Pheu Thai Party over this significant role in the House of Representatives.

The conflict was resolved on the commencement day of the new parliamentary session this week. The leader of the Prachachat Party, 79 year old Wan Muhamad Noor Matha, was selected, indicating a compromise between the two parties, Bangkok Post reported.

Chairman of the Thai Chamber of Commerce, Sanan Angubolkul, interpreted this House speaker selection as a sign of the eight parties’ continuous alliance. According to him, they are collectively focused on the same goals defined in their…