Saha boss upbeat on Land Bridge

Leader sees threats on the horizon

- KUAKUL MORNKUM

The Thai economy faces challenges this year potentially even more significant than during the pandemic, says Boonsithi Chokwatana, chairman of Saha Group, the country's leading consumer goods conglomerate.

However, he said the Land Bridge project including the Kra Canal could lift the economy in the medium term.

While the global economy appears grim, the uncertainty might not last for years as US trade policies must be monitored, said Mr Boonsithi.

"It is essential for Thailand to remain neutral and not align with a particular side as this strategic positioning can be an advantage," he said.

Thailand has a large economic base, which might result in slower growth rates this year compared with smaller competitors that have a tiny base, said Mr Boonsithi.

He said he views the government's digital wallet scheme as a handout seeking populist support.

Thailand could develop various economic sectors, but if the country focuses on the cash handout scheme, foreign investors might lose interest, said the chairman.