Bangkok: The Thai Chamber of Commerce has raised concerns that political instability is exacerbating economic challenges following the Constitutional Court's ruling that disqualified Paetongtarn Shinawatra from serving as Prime Minister. The court's decision also resulted in the dismissal of her entire Cabinet, citing constitutional violations and ethical breaches.

According to Thai News Agency, Dr. Poj Aramwattananon, Chairman of the Thai Chamber of Commerce and Board of Trade of Thailand, emphasized that the court's ruling, deemed a discretionary decision, must be accepted by all parties. However, he noted that this development highlights Thailand's political instability, potentially aggravating economic issues. The economy is already under strain due to factors like declining purchasing power, high household debt, US trade tariffs, and international conflicts affecting the business, investment, and tourism sectors.

Political uncertainty continues to undermine confidence, posing a significant threat to economic momentum during an ongoing crisis. Private sector and foreign investors are closely observing the political landscape, as prolonged instability could deter investment and slow tourism, triggering a chain reaction of negative economic impacts.

Dr. Poj stressed the urgency of appointing a new prime minister in line with constitutional guidelines to ensure leadership continuity. He called for political stability and greater involvement of the business sector in formulating effective solutions to rebuild public and investor confidence. The private sector advocates for the establishment of a capable and respected Cabinet to guide the country through its challenges.