Private sector confidence unlikely to be affected by possible delay of election : JSCCIB

The Joint Standing Committee on Commerce, Industry, and Banking believes a possible delay in the holding of a general election will not affect the confidence of the private sector.

JSCCIB chairman Kalin Sarasin said on Tuesday that the private sector is not likely to be alarmed even if the government decides to delay the general election because the local economy continues its strong recovery on the back of the government’s infrastructure investment plans and grassroots economic boost.

Mr. Kalin stated that such positive developments will continue to drive investment confidence higher and enable the Thai economy to grow much further.

He added that foreign investors from the U.S., the European Union, China, and Japan are still interested in investing in Thailand.

Meanwhile, chairman of the Federation of Thai Industries, Chen Namchaisiri says that he has not received any inquiries from foreign investors about a possible delay in the election as yet as many are more interested in the drafting of the law on the Eastern Economic Corridor investment.

And, vice chairman of the Board of Trade of Thailand, Poj Aramwattananont added that he believes the Thai economy will continue expanding, having survived far-worse situations during the past four years.