Draft of Constitution & Economy in Hua Hin


Khun Pongthana Kiravit, Branch Manager of Hua Hin Siam Commercial Bank has expressed his opinion on the draft of the new Constitution & Economy in Hua Hin.

At first glance it might seems that there is no immediate connection between the draft of the new Constitution with Economy but in reality the link between them is very close and the new Constitution will have a lot of influence on the Thai Economy.

The new Constitution will give a foundation for creation of future governments which will be more competent in running the Thai economy. The Constitution will encourage a continuous investment in the government sector & private. It will also solve the authority of the government, it will give more of bargaining power to Thai people and reduce the government's monopoly. It will help to eliminate corruption and will make the political affairs more transparent. The corruption investigating teams will be more vigorous and efficient.

He has observed that this year the low season in Hua Hin is quieter than in previous years even though the sale of properties at a similar level like last year. With low interest rate people prefer invest into buying land or properties instead of keeping money in a saving account.

He has expressed his concerns that only small percent of the local people have an opinion about a draft constitution even though that the governor has provided a lot of information through the local media and has distributed books to the people about the new Constitution. He spoke also about Thai Baht exchange rate. During last 6 months Thai Baht was getting stronger it has started affect export and foreign investment in Thailand.

Reported by Khun Tuck Dechapanya

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