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Private sector welcomes new female PM, makes several recommendations

The chairman of the Thai Chamber of Commerce and the Board of Trade of Thailand congratulated the Prime Minister for assigning her to take care of many matters in order for the Thai economy to recover, especially in promoting tourism and accelerating solutions to people's economic problems. Both relief measures and economic stimulus measures are very necessary, including measures to protect and assist Thai entrepreneurs who have been affected by the flood of imported goods into the country, especially goods from China. Mr. Sanan Angubolkul, Chairman of the Thai Chamber of Commerce and Board of Trade of Thailand, revealed that the Thai Chamber of Commerce would like to congratulate Ms. Paethongtarn Shinawatra on being trusted by the House of Representatives to hold the position of the 31st Prime Minister. From the perspective of the Thai Chamber of Commerce, it is a good sign that the House was able to pass a resolution to approve and nominate the Prime Minister so quickly. After this, it is the process of s ubmitting the list for royal endorsement, appointing the cabinet, and making a policy statement to the parliament. After the legal process is complete, it will help build confidence back quickly. In terms of the short-term perspective of the Thai economy, urgent recovery is still needed, as follows: Maintaining the stability of the baht at an appropriate level, not too strong, which will support the export sector, especially agricultural products, and help support the tourism sector to grow continuously. Maintaining the momentum of the tourism sector, with an average of 3 million tourists per month. For this part, I would like to push and facilitate tourists, including taking care of the safety of tourists, as well as developing tourist attractions and services so that this year's tourists reach the target of 36-37 million. At the same time, the campaign for "Attractive Cities" should be continued in order for tourism to stand out and spread income from tourist attractions in major cities to attractive citie s. Including continuing the investment distribution plan to 10 pilot provinces that the Chamber of Commerce has been working on in the past. In addition, the advancement of the foreign market to expand Thai exports in the remaining period by no less than 2%, following the previous period of inviting negotiations and inviting many companies to invest in Thailand, and the acceleration of budget disbursement for the year 67 to be distributed to all regions are important factors that will drive the economy to recover significantly. The budget for the year 68 should be accelerated to be completed according to the process or within the specified time frame so that it does not drag on in the past year. Solving the people's livelihood problems, both relief measures and economic stimulus measures are very necessary, including measures to protect and assist Thai entrepreneurs who have been affected by the flood of imported goods into the country, especially goods from China. However, the coalition parties need to wor k together as one to stabilize Thai politics, create an atmosphere conducive to foreign investment, and listen to opinions from all sectors, especially the private sector, which is the real driver of trade and the current driving force of the Thai economy. We have chambers of commerce in every province that are ready to work together with the government sector. What the private sector sees is that having a prime minister quickly prevents a vacuum in the country. This helps restore confidence quickly. As for the issue of having a young female prime minister, this issue depends on the performance of leadership and administration of the country from now on. As for the readiness of the administration that the Pheu Thai Party is leading in forming the government, it is believed that the party itself is ready in terms of personnel with knowledge and abilities in all areas. The private sector wants to teamwork with the coalition parties, which will make the work of the new cabinet more unified and stable. In addit ion, many measures of former Prime Minister Settha, especially opening the door to trade and attracting foreign investment, these are things that the new government needs to continue. By designating a ministry or responsible person to closely monitor the progress, including moving forward with projects related to soft power, the Chamber of Commerce believes that this is something that Thailand has an advantage in and can build on to create added value for the Thai economy. The private sector agrees that this issue should be continuously driven. At the same time, attracting new industries related to digital technology is still a problem for Thailand, which still lacks personnel with sufficient skills, as well as problems with high electricity costs and outdated laws that do not support investment. These are issues that the government must solve. In addition to being a salesman, the government must also close sales. However, in the past, Thailand's GDP grew by an average of 2%, which is lower than its potentia l and does not attract foreign investment. Therefore, in the medium and long term, it is an important issue for the government to develop a strategy for the country in order to make Thailand's GDP grow by no less than 3-5% per year. Source: Thai News Agency