Private Sector confidence rises after the Provisional Charter royally endorsed

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BANGKOK, 24 July 2014, – The private sector’s confidence in the political sector has greatly improved, thanks to the provisional charter , says the Federation of Thai Industries (FTI).

According to the FTI, the implementation of the temporary constitution will pave the way to the forming of the new government, raising investors’ confidence, and a new round of national polls.

In the past 2 months the NCPO has been able to stabilize both the local political and the economic sectors, responding to the suggestions of the private sector.

The Federation, however, indicated that there were still a number of issues that needed to be further discussed, such as various rules and regulations.

Records show the Industrial Confidence Index has been on the rise, increasing to 88.4 on the index in June from 85.1 in May; which reflects entrepreneurs’ positive sentiment on the current political situation, leading to a favorable climate for business and the nation’s economic recovery.

However, the U.S.’s decision to downgrade the country for its human trafficking elimination efforts remains one of the FTI’s concerns, admitting that the problem needs to be quickly addressed.

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