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Thailand’s over-zealous virus control is killing the economy

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FILE PHOTO: Agoda.com

Investors and economists are saying that “fear” and concerns over a second wave of Covid-19 is stopping Thailand’s economy recover.

“Thailand should overcome concern of a second wave of Covid-19 and instead relax restrictions on foreign investors and tourists in order to shore up its falling economy.”

Prominent local investor Dr. Niwes Hemvachiravarakorn says that the Thai Government… “shouldn’t worry too much about the threat of a second wave of infections, since the first wave of Covid-19 is generating far fewer cases compared with other countries.”

He believes that Thailand may need to accept a low level of cases and develop a system to handle this. Thailand has had no local infections for more than 50 days and only a handful of daily imported cases for Thai repatriates. Dr. Niwes also speculated that Thailand’s hot weather may be helping to keep the infection rate low, while Thais know now how to protect themselves as almost everyone wears a face mask in public.

Speaking to Nation Thailand, Niwes warns that fears of a second-wave of Covid-19 infection is discouraging people from resuming business activities, resulting in a slower economic recovery.

“In Vietnam, public life is almost back to normal, with even large gatherings for sports events now permitted.”

The research director at Thailand Development Research Institute, Somchai Jitsuchon, is also saying Thailand needs to push towards re-opening all areas of economic activity.

“Thailand should learn how to live with a few daily Covid cases, because policies aimed at eradicating the virus completely were having a high economic cost.”

Somchai asserted that income from foreign investment and tourism represents about 20% of Thailand’s annual GDP.

“The government should focus on the “trace, test and isolate” policy (which is the policy largely used in Thailand up to now) so that foreigners can be gradually welcomed back to the country.”

The Thai government continues to maintain that the Emergency Decree needs to remain in place, arguing that it is needed to deal with a possible second wave of contagion. But critics point to the statistics sowing that the strict measures are damaging small businesses and especially low-income groups. Meanwhile, pro-democracy activists accuse the Prayut government of using the emergency decree as a tool to suppress political opinion and opposition.

SOURCE: Nation Thailand

 

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12 Comments

12 Comments

  1. Cody Zufelt

    Friday, July 17, 2020 at 2:39 pm

    Alabama and Florida are hotter and more humid climates than SE Asia. Therefore it is a mistake to assume this to be a factor in covid. Covid was engineered to infect Caucasian.

  2. Ron Wood

    Friday, July 17, 2020 at 2:44 pm

    Countries that have failed to deal with the virus outbreak will now threaten those that have managed it properly. They will feel much happier when we are all in the detritus together. Don’t let them drag you into their fear driven trading club. Kill off the old so less pensions to pay. Everyone sick increases sales of useless drugs and fake cures. Best to avoid the incompetent governments that only want to bring you down to their level.

  3. Toby Andrews

    Friday, July 17, 2020 at 3:20 pm

    They are too stupid and stubborn to see that.
    Only a massive citizens revolt, or abject poverty will change their minds.

  4. Lance

    Friday, July 17, 2020 at 3:22 pm

    I am a tourist and I am not afraid to travel the day that Thailand opends I am going to be there I visit hope I will not have to wait till 2021 🙁 please open soon

  5. Alan Detro

    Friday, July 17, 2020 at 4:00 pm

    Whoever wrote this headline and actually believes the idiocy in this post is unsaveable. Human lives take precedence over stupid money. If you do not understand this, you are NOT human.

  6. ROBERT KEHNE

    Friday, July 17, 2020 at 6:19 pm

    Around the world leaders make decisions causing irreparable damage to citizens because they are rich, have a job and are not affected by the very decisions they make. In Thailand they lose more people to road accidents in a year than nearly any other country in the world and yet do nearly nothing to address it. That logically means the response to Covid-19 is not about saving lives.

    • Non Covidiot

      Saturday, July 18, 2020 at 4:07 pm

      Absolutely true. Sadly…

  7. Glenn

    Friday, July 17, 2020 at 7:45 pm

    Thailand’s over-zealous virus control is killing the economy

    Reply: No sh*t Sherlock.

    Thailand literally had 99.5% of it’s population completely unaffected and a fatality rate of 0.000086%.

    That, was not a pandemic, nor an epidemic, nor a scary virus. There never was a first wave, not even a first ripple in a tiny puddle.

    Any talk of a ‘second wave’ is absurd and has zero-nothing-nada to do with the health and welfare of the population.

    • Andrew

      Saturday, July 18, 2020 at 2:55 am

      Glenn I really like what you said!! So true!!

  8. Kuzbidon

    Friday, July 17, 2020 at 11:52 pm

    Most people dying from covid 19 are victim of an overreaction of their immune system that destroy also healthy cells.
    Are we having the same over reaction as a society?
    will the fatalities due to damage to our reaction will be more important than the sicknes? There are no historical data to answer theses questions.

    Nearly all men die of their remedies, and not of their illnesses.
    Le Malade Imaginaire (1673), Act III, sc. III Moliere

  9. Mauri

    Saturday, July 18, 2020 at 9:57 am

    What are they talking about ? If they don’t re open border within 2020, the 60% of tourist facilities will shut down, elephants, acquatic park, hotel, markets …… everything.

    Tourism feed a lot’s of people and keeps THB in a good range, without tourism Thailand is finish with worst consequences than 53 deaths of covid-19.

    What they think to do with a montly benefit of 5000 THB when actually everything is overpriced at 7/11 ?

    The only things cheaper now are 5 stars hotel that reduce the price of 50% …….. and of course an increasing number of prostitues …..what they want to do ? A police state with a multitude of miserable ?

  10. raphael

    Saturday, July 18, 2020 at 10:01 am

    all the world come to laundry their money in thailand building condos,houses and hotels, using ponzy schemes to finance the scam and don’t even care to have customers, as long as they can declare benefits to clean shitload of dirty money, that’s why economy seem to bloom and thai bath has been rising, i live here 12 years, and saw places destroyed by over building that are empty most of the year, this government should use this time to check origin of the money that is invest in thailand, and inspect the businesses to see if the benefit declared are really made, because no control will cause an economic collapse at one point…

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