Thongma Vijitpongpun, chairman of the executive committee and CEO of Pruksa Real Estate, said the government's investment, especially on infrastructure development, would help drive the real estate and property development sector to grow by 5-10 per cent next year. The real estate sector will grow largely in rural areas following the SEZs and logistics development investment.
Jit Siratranont, deputy secretary-general of the Board of Trade of Thailand, said since investment is one of the key economic driving engines, Thailand needs to increase its competitiveness to facilitate more investment. Jit suggested reducing duplicate laws and regulations, reducing some processes in setting up or expanding businesses, as well as supporting SMEs in accessing funds.
Sriwan Eamrungroj, executive vice president, Marketing, Commercial, Supply of PTT Global Chemical Plc, said the continued drop in the oil price will help stimulate the domestic economy, as people will have more spending power.