CEOs Welcome the New Government and Recommend Stricter KPI Requirements for Ministers.

  • CEO indicates election results clearly show a majority will form a government, hoping for stability and unity as soon as possible.
  • This helps build confidence and ensures the continuity of government policies.
  • The new government should focus on implementing policies to achieve tangible results.
  • Accelerate investment in large-scale infrastructure projects to stimulate the economy and create long-term jobs, instead of addressing immediate problems.

     Following the clear election results, leaders in the financial sector and leading companies unanimously agreed that “stability, unity, and policy continuity” are key to restoring confidence and driving the country forward in all dimensions: political, real economic, and capital markets. The hope is that the swift and strong formation of a government will facilitate effective policy decision-making and, importantly, lead to implementation. Mr.Arthit Nantawittaya, Chief Executive Officer of SCBX Public Company Limited, stated that following the clear election results, with the people’s voices clearly indicating their support for a particular political party, this clarity reflectsunity.”

This leads to positive expectations that Thailand will be able to form a new government quickly and that it will be politically strong. If a government can be formed quickly, with strength, unity, and stability, and without excessive political concerns, it will lead to more accurate policy decisions that benefit the majority. The key is not just having good policies, but also implementing them effectively. Urgent policies I’d like to see implemented include allocating resources to help the majority of those suffering, rather than wasting or depleting them. Instead, resources should be invested in infrastructure, which creates regional employment and provides jobs for those in need. And ultimately, the country will have increased infrastructure, which is a more efficient use of resources than giving things away for free.

The majority voice of the people is clear enough to allow for the formation of a government quickly, possibly without needing a lengthy process or considering factors such as the formation of multiple factions as in the past. The clarity of the number of votes will be a crucial foundation for a strong government.”

      This includes something that the new government needs to pay special attention to: the ability to make policies a reality. Thailand does not lack good ideas or policies, but the lack of continuity and excessive political problems prevent good ideas from being put into practice. Therefore, a government with a majority and unity should have the courage to implement policies that truly benefit the people and the country.

  • The starting point for restoring confidence in the Thai economy.

     Mr. Payong Srivanich, President and CEO of Krungthai Bank, stated that while the election results are only the beginning, they are crucial in restoring confidence in the Thai economy. The evolving election process, leading to clear results, is a positive factor that instills confidence in economic activity across all sectors. This stability will ensure policy continuity; even during transitions or new administrative beginnings, the core principles established will continue to be driven forward. What the government needs to focus on from now on is the continuity of international policies, because 2026 is crucial, especially September-October 2026, when there will be world-class events in Thailand that require ensuring confidence that this mission will be a continuation of what the previous government initiated. This includes the proactive work of the previous government, which created strong momentum and hopefully allows the current situation to yield full results and focus on key objectives more effectively. Furthermore, we want to see continuity from the proposals of the Joint Committee of the Three Private Sector Institutions (JCC) under the Reinvent Thailand project. This will ensure continuity and is a key factor in accelerating economic development within a shared understanding environment.

Stability and confidence are supportive factors in resolving deep-level problems. Once the system is stable and confidence is restored, it provides a good opportunity to make decisions and address necessary issues leading to structural adjustments. This isn’t just about fixing immediate problems, but about targeted and sustainable solutions to ensure a strong economic structure in the long term.”

  • The business sector hopes to see policy continuity.

     Dr. Kobsak Pootrakul, Senior Executive Vice President of Bangkok Bank (BBL), stated that with the election results clear, both the capital market and the private sector see the same direction: that previous policies will be continued. This is a key factor in building confidence. This includes policies implemented during the election campaign and actions taken during the interim government led by Deputy Prime Minister and Minister of Finance, Ekniti Nitithanpraphas, as well as Minister of Commerce, Supajee Suthamphan, and Minister of Foreign Affairs, Sihasak Phuangketkaew. This reflects a policy where the economy will not be stagnant but will continue to move forward in order to lay the foundation for the future. Regarding the direction of the capital market, several policies are becoming clearer, including promoting foreign investment while maintaining strict fiscal discipline, and pushing forward capital market development plans such as the BOI to IPO policy, which will strengthen the country in the long term. Or, in the dimension of international trade, we will see continued efforts to open up the country, liberalize trade, and push Thai markets into new markets such as India, as well as protect Thailand’s interests and rights on the global stage.

Having 195 seats in the leading party is a significant positive factor compared to the past when it only had 120-130 seats. This allows for smoother governance, especially since key ministries will be under the control of the leading party. This is something the capital market has always expected, as political stability leads to the implementation of sound policies without internal divisions. This confidence is reflected in the stock market index, which improved from 1,000 points to 1,350 points.”

  • “WHA” aims to erase the “Asian sick man” image.

     Ms. Jareeporn Jarukornsakul, Chairperson of the Executive Committee and Chief Executive Officer of WHA Corporation Public Company Limited, told Bangkok Business News that she has high expectations for the current government in the economic and political situation after the election on February 8, 2026, as it is a continuation of previous governments and has already seen the problems firsthand. In particular, having experts to assist with economic and diplomatic affairs will help with communication with the world and address problems directly. Ms. Jareeporn addressed the issue of Thailand being called the “Sick Man of Asia,” stating that this topic has been discussed for many years, but she still sees the positive aspects of the country. Therefore, if Thailand lacked these strengths, she would not be able to attract such massive investment. Last year, Thailand received 1.3 trillion baht in Foreign Direct Investment (FDI), exceeding neighboring countries’ levels of 1.2 trillion baht and representing a growth of over 60%. Recommendations include addressing structural issues and debt problems. Regarding politics, I am personally pleased to see a trend towards more stable governments. What investors want most is “policy continuity,” and I would like to see the government serve its full four-year term to ensure that policy implementation does not stall.

“Regarding the appointment of cabinet ministers, I would like to emphasize the importance of selecting individuals with genuine knowledge and abilities—true experts—and most importantly, those who are upright and free from corruption, in order to restore the country’s potential and make it prominent on the world stage once again.”

     The immediate actions we want the government to take are addressing economic problems, relieving household and SME debt that is shaming the financial system, and maintaining the Thai baht at an appropriate level (approximately 35 baht per dollar) to avoid negatively impacting tourism and exports. Furthermore, a “Regulatory Guillotine” was proposed, involving the elimination of outdated and redundant laws, reducing the cumbersome size of the bureaucracy, and adopting technology to increase efficiency in promoting clean energy and expanding its presence in Vietnam. Ms. Jareeporn mentioned the energy plan, stating the need for clarity on Green policies, such as accelerating the drafting of the Power Development Plan (PDP), the swift implementation of a pilot Direct PPA project of 2,000 megawatts, and upgrading transmission lines to support clean energy in the EEC area. She also proposed Small Modular Reactor (SMR) technology as a reliable clean energy solution for data centers and AI in the future.

“The main goal is to make Thailand’s GDP grow by more than 2% this year. If it’s a stable government, we hope to achieve this target and increase it to 3-5% in the following years to prove the country’s true potential and to serve as a key performance indicator for the government,” Ms. Jareeporn said

 

Read more at: https://www.bangkokbiznews.com/finance/1220537