Business leaders and investors are urging Thailand's government to pick a new economic team as soon as possible to help steer Southeast Asia's second-biggest economy through the coronavirus crisis.
BANGKOK - Business leaders and investors are urging Thailand’s government to pick a new economic team as soon as possible to help steer Southeast Asia’s second-biggest economy through the coronavirus crisis.
The new team will have to deal with an economy sliding into a deep recession and handle billions of dollars in stimulus as jobs disappear amid a record slump in tourism.. Nuttachart Mekmasin at Trinity Securities said posts needed to be filled quickly to reassure markets, noting a target by next month was already slow.
Control Risks, a consultancy, said wrangling in Prayuth’s Palang Pracharat Party and among coalition members “could delay the finalisation of the reshuffle by up to two months, which is likely to hurt investor confidence”. There is also potential for a flare-up in political risk after protesters defied a coronavirus ban on gatherings to stage one of the largest street demonstrations against the government since a 2014 military coup.
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