Bangkok, July 24 – The capital market sector admitted that the uncertain political situation had some effect on investment. But it can wait if you get a stable government. While the private sector asked the new government to take care of the stomach economy Driving GDP growth by 5-7% in 2-3 years
Mr. Pakorn Peetathawatchai Director and Manager Stock Exchange of Thailand Regarding whether the government establishment may be delayed will affect the investment sector or not. by considering that there are both affected and unaffected businesses which investors should carefully consider before making an investment decision. If the world economy is good The flow of teeth flows out. If the Thai economy is good The flow tooth flows in, however. Looking at the overall picture over the past 20 years, the Thai capital market has continued to improve. Despite political changes occurring during that period
Mr. Kobsak Pootrakool, chairman of the Federation of Thai Capital Market Organizations (FETCO), views that if the government is delayed for another 1-2 months, but if the government is stable The capital market sector can wait. but on the way to wait Still have to support the heart of the economy, one of them is tourism. Which if able to drive tourism forward, it can still drive the economy. which the acting government can still take action, such as easing the requirements That is conducive to tourism, such as visa exemption As for the budget for the year 2024, there should be preparation for the budget to pay for the time being. by adhering to the criteria in the past fiscal year Therefore, it is unlikely to be affected much. When using the budget before 3 months, the remaining budget is sufficient to stimulate the economy. There is also a budget. Looking ahead that if politics takes time How can we drive the economy forward?
While Mr. Vikrom Kromadit, Chairman of the Board of Amata Corporation Plc., admitted that the government establishment situation did not have a clear direction. Affecting investment decisions from some Amata customers who have delayed their investment at the moment. due to concerns about possible gatherings From the experiences that investors have faced in Thailand in the past 9-10 years because they are looking at conflicts among people in the country that may lead to protests and escalate violence or not? Therefore, the investment situation has been re-evaluated.
As for the case of the Pheu Thai Party as the leader in forming a government with a minimum wage policy of 600 baht, wages should not be used by populism. but should use reason who agreed that Thai labor wages are not high. But the hike needs to be such a step. What percentage of the minimum wage increase must be standard per year? which must be considered from the inflation index, cost of living, which must not affect entrepreneurs who use a lot of labor benefit all parties If entrepreneurs are affected and had to shut down Workers are similarly affected. The government must encourage investment. draw more money from abroad, for example, to enable the economy to move forward
For the expectation of the new government that came to rule the country wants to adhere to the principle of driving the economy as the first priority to speed up the problem of stomach problems for Thai people to eat well And drive the growth of gross domestic product (GDP) by 5-7% in the next 2-3 years to reduce the social problems the country is facing. both crime and population growth Reflecting examples from many countries such as China and Indonesia. That can drive the economy to an average growth of 9% continuously. Resulting in a good economic overview. The number of poor people decreased From the past that used to have the highest poor in the world In addition to this, we also need to build a green economy. Supporting non-polluting investment industries and focusing on technological developments lead to sustainability which today we do not have our own technology Therefore, per capita income is not higher compared to China, Vietnam, Japan, Singapore, which receive investment and technology from foreign countries.-Thai News Agency
Source: Thai News Agency