The Khon Kaen Chamber of Commerce is calling for a rapid endorsement of the election results to facilitate the timely injection of the fiscal 2024 budget into the Thai economy.
Channarong Buristrakul, president of the chamber, said a new government should be formed expeditiously, and all parties should remove any obstacles or conflicts that might impede the administration of the country in order to ensure smooth and effective governance.
It was crucial to have the formation of a new government to ensure that the fiscal budget meeting takes place in August in order to maintain seamless fiscal 2024 budget utilisation, he said.
Mr Channarong, who is also managing director of the Piman Group, said several policies of the Move Forward Party are beneficial and would have a positive impact on the property sector.
"One of its notable policies is welfare. It will make everyone happy, particularly lower-income earners," he said. "Another is decentralisation, replacing centralisation. This shift will empower local communities and stimulate local economic growth."
He said one of the major problems in the residential sector was that the majority of individuals seeking home ownership had lower incomes and high levels of household debt.
"The new government should address these issues by increasing their income opportunities and reducing unnecessary expenses to alleviate these difficulties," he said.
The Move Forward Party has a policy that can handle these problems by implementing electric public buses in every province.
"This initiative can effectively reduce the cost of living for people as they would not need to make car instalment payments. Consequently, they can pivot their budget to purchasing homes instead," Mr Channarong said.
The introduction of electric public buses would have multiple benefits, including the reduction of carbon emissions and PM2.5 pollution.
With the availability of reliable and eco-friendly transportation options, foreign tourists would no longer have to deal with taxi mafias, leading to improved visitor experiences and increased tourism revenue.
Mr Channarong said Khon Kaen City Development, a consortium of 20 firms in the province including his own company, would welcome the introduction of electric public buses as it would be faster than the development of a light rail project that the consortium had proposed to the government for several years.
He also agreed with the Move Forward Party's proposal for a minimum daily wage of 450 baht because that policy could drive fundamental changes in the economy, despite the fact that it might involve both benefits and drawbacks.
"The new government should avoid policies focusing on giveaways and freebies. These policies can result in market instability and economic fluctuations since their impact would be short term and limited," he said.
