The Royal Thai Embassy would like to see a stable war. Enhance the confidence of investors around the world.

The Royal Thai Embassy would like to see a stable war. Enhance the confidence of investors around the world.

On May 17, Mr. Kriengkrai Thiennukul, the president of the Federation of Thai Industries (FTI), said that the election on May 14 had passed. This reflects the awareness of people coming out to exercise their rights. Hope everything goes smoothly and leads to the establishment of a stable government as soon as possible. to build confidence for investors both in Thailand and around the world watching Thailand is an important investment option amidst the technological change. geopolitical conflict and moving the production base

“If a new government can be formed before this August, it will increase the opportunity for Thailand. But any further delay would create a political vacuum. As a result, the economic policy drive and various backlog projects will still halt can’t go on damage the economy as a whole If delayed more than this, in the second half of the year, there will be even more protests. As a result, the tourism sector is the main engine now. As a result, the economy in 2023 cannot expand as expected to grow by 3-3.5%, ”said Kriengkrai.

While Mr. Thanet Tantipiriyakit The chairman of the Phuket Tourism Industry Council revealed that the government establishment timeline that is expected to be completed during August 2023 may affect the budget consideration for the year 2024 that may be delayed beyond the actual time frame. Make the budget that should be disbursed according to the schedule And to inject the economy in the second half of this year has been delayed further. The impact will occur in many parts that require budget money to operate, for example, in the tourism sector, the Tourism Authority of Thailand (TAT) has to spend budget on marketing. when the statement is delayed This means that it will not stimulate tourism to grow as expected.

“If the new government can really be established in August onwards It was seen that during the establishment, there was still a caretaker government that could operate according to the established framework. The existing policy continues. The political vacuum may not have much effect. But it may affect the passing of the budget that is delayed. It affects the disbursement and the implementation of the project that must be delayed as well, ”said Mr. Thanet.