Foreign firms opt to wait and see | Bangkok Post: business

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Foreign firms opt to wait and see

Leery of martial law leading to a solution

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Foreign business leaders gave mixed reactions to the Thai army’s declaration of martial law, saying they are keeping a close eye on how related parties respond to the latest attempt to find a solution to the country’s months-long political impasse. 

An investor sits back in front of a board that shows nearly all stocks trading on the Stock Exchange of Thailand in red yesterday, the first day martial law was enforced. The SET index closed at 1,394.69, down 15.94 points in heavy trade of 43.26 billion baht. THANARAK KHUNTON

Jan Eriksson, vice-chairman of the European Asean Business Centre, said martial law could lead to a political breakthrough, allowing a new working government to be formed.

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