Deputy PM believes late election will not affect investors' confidence

BANGKOK, Jan 29 (TNA) -- Deputy Prime Minister Somkid Jatusripitak stated that he was confident that delayed elections would not scare off foreign investors who he believes were more concerned on stability and a strong economy. A general election in Thailand scheduled to take place this year will be delayed possibly until early 2019, raising concerns over its impact on the just recovering economy. The National Legislative Assembly (NLA) late on Thursday night passed the MPs election bill with a clause that delays it coming into effect for 90 days after its promulgation. To allay these fears Mr Somkid stated that he has received no complaints or queries from foreign investors, asserting that a peaceful environment, stable government and a booming economy were the more vital deciding factors. The Deputy PM says he believes that the government also desires to hold elections as soon as possible but some details still need to be ironed out. (END)