BANGKOK, Thailand – Leading figures from Thailand’s business community are urging the formation of a professional and stable government to navigate the country’s economic challenges and attract foreign investment.
Poj Aramwattananon, Chairman of the Thai Chamber of Commerce, emphasized the need for skilled professionals to manage key economic ministries, including Finance, Commerce, Foreign Affairs, and Agriculture. “Thailand faces economic risks and political instability, compounded by the border issues with Cambodia,” he said. “We need ministers with real expertise to lead effectively.”
Regarding speculation about Bank of Thailand Governor Sethaput Suthiwartnarueput potentially being appointed Finance Minister after his term ends this month, Poj noted that while his expertise is unquestionable, other names may also emerge. He added that the new administration, expected to serve only four months, could realistically manage the country for seven to eight months when including caretaker periods.
Narongsak Buddhaphonmongkol, Chairman of the Thai-Chinese Chamber of Commerce, echoed the call for political stability, highlighting the impact on foreign investment. “I recently met with Chinese investors preparing to invest more in Thailand,” he said. “With a stable government, we expect at least 15 Chinese companies to invest next year, each committing around 5 billion baht. This will boost employment and strengthen the Thai economy.” (TNA)
