Thailand-Property

Short-term effects of bombing

The Vice Chairman of the Thai Chamber of Commerce said the bombing incidents in Bangkok this week will only create short-term effects, adding that all sides should help each other in assuring investor’s confidence.

Wichai Autrassakorn said during a special lecture titled ‘Waking up the energy for Thailand’ in Trat Province that the recent bombing incidents in Bangkok will inevitably affect the Thai economy. However he expects the effects to be short-term.

He said that the tourism sector is likely to be most affected from this situation, adding that Thai tourism has conquered similar cises to this incident in the past. He said the most concerning factor is foreign investor confidence, which must be regained through the efforts from all sides.

The Vice Chairman added that the business sector will not place this responsibility on the government, iterating that all sides must work together in driving forward the Thai economy towards recovery as quickly as possible.