Thailand's military coup may have shaken confidence in the country's outlook, but businesses and investors are taking the loss of democracy in stride.
"Intellectually, we are disappointed," Victor Chu, chairman and CEO at First Eastern Investment, one of China's largest private equity and venture capital firms, told CNBC on the sidelines of the World Economic Forum in Manila.
"I've been talking a lot to my Thai friends here and they seem to be quite relaxed. Some of them even say this is probably the best solution in the circumstances," he said. "I don't sense fear. I think I sense relief."
After more than six months of political protests and two days of martial law, Thailand's army chief General Prayuth Chan-ocha declared the military had seized power in a coup late Thursday. The country has faced 19 military coups, 12 successful, since it became a constitutional monarchy in 1932.
"As an investor, I'll probably begin to look at investing in Thailand, because stability may return and hopefully, this is a temporary situation to bring about the continuation of the democratic process in earnest in the long term," Chu said.
Among international companies with operations in Thailand, business appears to be normal.