FTI opposes blanket amnesty law


BANGKOK, 9 November 2013 The Federation of Thai Industries (FTI) has voiced its opposition to the blanket amnesty law, which grants amnesty to those involved in corruption. FTI Chairman Payungsak Chartsuthipol spoke after a meeting with FTI executives, saying the FTI meeting had agreed to go against any legislation that would provide amnesty to perpetrators of corruption-related crimes, while calling on all relevant agencies to remedy the current political situation as soon as possible, adding that if the protests dragged on, the demonstrations would turn violent, wrecking investor’s confidence.

Even though the government is backing down on the blanket amnesty bill, it is still difficult to foresee how the situation would turn out, adding that all sides need to work together in order to end this political deadlock, said Payungsak.

Mr. Payungsak also forecast that the Thai economy will grow about 5 percent next year in line with the ASEAN economy, which is projected to grow in the range of 5.2-5.7 percent.