THE NATIONAL League for Democracy's ability to make a smooth transition to power is the key not only to Myanmar's political situation, but also its economic development, the executive vice president of Bangkok Bank said.
Kobsak Pootrakool urged Thai companies to react now as Myanmar's market will continue to bloom in the next four or five years and a smooth transition to democracy will attract more competition from abroad.
"If the transition is calm and peaceful and there is no violence, then it will be an important turning point because many people have been waiting for this clarity for a long time," he told The Nation at an economic seminar arranged by the Thammasat Economics Association last week.
"How will the power be distributed after the election? And who will be the one to manage and take care of the country's government?" he asked.
In 2014, Bangkok Bank was the only Thai bank to receive preliminary approval for a license to commence banking operations in Myanmar and the bank opened |its first branch in Yangon in June this year after officially receiving |a final license from the government.