Speaking at a seminar of the Thai Listed Companies Association, President of Kasikorn Bank, Mr Prasarn Trairatvorakul said the Thai economy has been pivoted on arising political turmoils which may divert the country’s economic direction. The government still needs to stimulate the economy through the Strong Thailand Scheme.

President of the PTTEP and the Association president, Mr Anon Sirisaengtaksin, also agreed with Mr Prasarn. He said the Thai economy has potentials to grow beyond where it now stands, but local political developments have kept it lag behind other countries. He added that this year’s growth prediction needs to take other factors into consideration including the global economy, oil price, and China’s currency management policy.

Moreover, Banpu Chief Executive, Mr Chanin Vongkusolkit, stated that, in addition to the political uncertainty, obscured investment regulations are a reason behind the private investment slowdown. The problem would directly affect the Thai economy if it is not immediately fixed. He recommended the government not to slash the budget for the stimulus package too quickly as it might altogether halt the recovery.