Industry leaders fear political vacuum amid slowdown

The private sector is concerned a political deadlock could exacerbate Thailand’s economic slowdown over the next six months.

- SOMRUEDI BANCHONGDUANG

Speaking after a Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) meeting yesterday, Poj Aramwattananont, chairman of the Thai Chamber of Commerce, said Thailand will likely face a political vacuum for at least six months, regardless of whether the House is dissolved or a new premier is announced, followed by a House dissolution with new elections within four months.

Caretaker Prime Minister Phumtham Wechayachai sought royal approval yesterday for a House dissolution after People’s Party leader Natthaphong Ruengpanyawut announced support for Bhumjaithai Party leader Anutin Charnvirakul as the new prime minister.