Bangkok: The Thai Chamber of Commerce has emphasized that a smooth election is crucial for the swift establishment of a stable government, which in turn will bolster economic confidence.
According to Thai News Agency, the President of the Thai Chamber of Commerce expressed that the private sector is eagerly awaiting the Election Commission's certification of the election results to expedite the government formation process. This prompt action is essential for accelerating government budgets, investment, and economic stimulus measures amid prevailing economic and geopolitical challenges. He stressed the necessity for a team that is "knowledgeable and ready to act immediately," highlighting a zero-tolerance stance on corruption. The private sector stands ready to contribute to national development transparently and sustainably.
Dr. Poj Aramwattananon, Chairman of the Thai Chamber of Commerce and the Federation of Thai Chambers of Commerce, noted the private sector's satisfaction with the smooth conduct of the recent election, which proceeded without major obstacles. This smooth process is seen as a reflection of Thailand's democratic progress and the collaborative efforts of all sectors involved.
The private sector and the public are currently waiting for the Election Commission to officially certify the election results, a step that will allow the government formation process to proceed swiftly. In light of the economic, geopolitical, and geoeconomic challenges, as well as tense border situations, there is a pressing need for a stable government that can command full authority to manage the country effectively.
The urgency to form a government and cabinet is tied to the necessity of continuing budgetary implementation, public investment, and various economic stimulus measures. It's imperative that the majority political party quickly garners the necessary support to establish political stability, set clear objectives, and form a cohesive and stable government.
When forming the cabinet, attention should be paid to the qualifications and expertise of individuals in each ministry, such as the Ministry of Foreign Affairs, the Ministry of Finance, and the Ministry of Commerce. The focus should remain on appointing individuals who are "knowledgeable, understand the work, and can start working immediately." It is also crucial to find coalition partners with shared goals to drive the country forward.
The Thai Chamber of Commerce continues to advocate for a Zero Corruption approach and is committed to addressing gray market capitalization and long-standing structural economic issues. The private sector, along with the Thai Chamber of Commerce and the Joint Committee of the Three Private Sector Institutions (JCC), is prepared to collaborate closely with the new government to quickly restore confidence both domestically and internationally.
Today's stock market atmosphere reflects positive trends, with recovery signals indicating investors' growing confidence in political stability and the future economic direction.
The Thai Chamber of Commerce has extended congratulations to the Bhumjaithai Party for its potential recognition as the majority party in this election. The Chamber reiterates its readiness to support and collaborate with the government to propel the Thai economy forward in a stable, sustainable, and transparent manner.