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Pheu Thai: Protest hurting economy

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The anti-government rally has severely affected business in Bangkok, particularly the capital markets, Pichai Naripthaphan, a former energy minister and Pheu Thai economic team member, said on Tuesday. 

Mr Pichai was responding to comments by Pramon Sutheewong, chairman of the business-based Anti-corruption Organisation of Thailand, who said after a meeting with the Democrats that he supported the Bangkok shutdown planned by the People’s Democratic Reform Committee (PDRC). He said it would have not much impact on the business sector.

Since the PDRC protest began, the Stock Exchange of Thailand main index had gone down more than 200 points, reducing market capitalisation by more than two trillion baht, said Mr Pichai, a member of the Pheu Thai economic team.

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