Bangkok: Kobsak Pootrakul has called for the Thai government to utilize a 400 billion baht loan to invest in a "Half-Half Solar Rooftop" program, aiming to tackle structural economic issues and enhance energy security. Kobsak, Chairman of the Federation of Thai Capital Market Businesses (FETCO), emphasized the persistent volatility due to ongoing US-Iran and US-China conflicts, predicting these geopolitical tensions will continue affecting global assets for at least the next two years.

According to Thai News Agency, Kobsak highlighted the impact of unresolved conflicts, such as the US-Iran tension following President Trump's dismissal of Iran's peace offerings, which have led to significant fluctuations in global oil prices. Similarly, the US-China confrontations over Taiwan, sanctions on Iranian oil, and the technology war exacerbate the instability. This environment is likened to a "rainy season with storms threatening every day."

Kobsak argued that the 4 trillion baht loan under the government's emergency decree should not merely support oil prices but address deeper structural issues rooted in the current destruction of energy sources and refineries. He proposed a sustainable approach through a "50/50" solar rooftop project, aiming to cut Thailand's reliance on unstable Middle Eastern energy sources by expanding access to clean solar energy. He stressed the importance of preparing for crises by securing essential supplies like food and medicine before they become scarce and costly.

Kobsak advised a shift in focus from GDP growth to survival, asserting, "the challenge this year is survival; those who survive will win." Although the Thai economy has seen low growth rates of 1.5-2% over the past four years, he expressed optimism due to Foreign Direct Investment (FDI) flowing into ASEAN, which is perceived as a stable haven amid global turmoil.

Commenting on domestic politics, Kobsak noted the government's stability post-Thaksin Shinawatra's release, with approximately 192 votes of support, suggesting a strong standing for continued governance. He emphasized the significance of policy competition between the ruling coalition and opposition, which could enhance public welfare amidst ongoing global economic challenges.