Gulf Pins Hopes on Stable Government Continuing Economic Policies

Sarachat Rattanawadee, CEO of Gulf Development Public Company Limited (GULF), revealed that business confidence and foreign investor perspectives have improved following the national elections. He noted that the current economic outlook appears promising, evidenced by stock market performance unseen in the past 10 years. While there are concerns about delayed election result certification by the Election Commission, which might slow down government formation, overall expectations remain positive. Sarachat hopes the new leading political parties will address accumulated challenges from the past 2-3 years, including high household and public debt levels, and slowing domestic consumption. He also highlighted potential international geopolitical conflicts' impact on energy prices and emphasized the importance of global economic stability. The company views potential free electricity trading and direct power purchase agreements positively, aligning with global green energy trends.