Connect with us

Economy

Covid-19 cases could lead to a drop in revenue for New Years, economist says

Caitlin Ashworth

Published 

 on 

Covid-19 cases could lead to a drop in revenue for New Years, economist says | The Thaiger
PHOTO: Unsplash: Yuiizaa September
  • follow us in feedly

A rise in local Covid-19 infections could discourage many people from travelling and going out for New Years celebrations, costing Thailand’s tourism industry 14 billion baht to more than 16 billion baht, according to economist Anusorn Tamajai.

Recently, 17 Thais tested positive for Covid-19 after returning from the Myanmar border town Tachileik, crossing the border illegally and dodging the mandatory quarantine period. Some travelled to other provinces like Bangkok and Chiang Mai before testing positive. The cases are linked to at least 2 local transmissions.

In an unrelated spread of Covid-19, 6 health care workers tested positive for the virus. Health officials suspect a nurse working at an alternative state quarantine facility was not wearing her protective gear properly came in contact with the virus while taking the temperatures of an infected family. Health officials say they believe the nurse then transmitted the virus to her co-workers while she was out to eat after work.

PM Prayut Chan-o-cha insists the local infections are not a “second wave” of the coronavirus, saying health officials have contained the virus.

While optimistic that Thai health authorities have contained the virus, Anusorn, who is the former dean at Rangsit University’s Faculty of Economics, says the new cases might discourage people from travelling and going out to big events during the end of the year holiday.

SOURCE: Nation Thailand

Keep in contact with The Thaiger by following our Facebook page.

Never miss out on future posts by following The Thaiger.

6 Comments

6 Comments

  1. Avatar

    Tom

    Monday, December 14, 2020 at 7:20 pm

    “could lead to a drop in revenue for New Years” WOW really?? with no visitors and no one realy wanting to go through quarintine that has been a forgone conclusion for months and don’t think the rest of high season is going to be any better…

  2. Avatar

    Patrick Kelly

    Monday, December 14, 2020 at 10:38 pm

    Nothing gets better as you cower in your homes as Covid seems to be just over the border. The media reports a few cases crossing the river and the population goes ballistic. You cannot run an economy with this level of fear.

    • Avatar

      Issan John

      Tuesday, December 15, 2020 at 10:48 am

      “cower in your homes” ….. “the population goes ballistic” ….. Ummm …. where, exactly, is this happening, Patrick K?

      The evidence of people not only going about their business perfectly normally here, as well as happily going on holiday over, for example, the recent long weekend, is pretty clear as anyone here can tell you first hand.

      I went to the Skywalk near Chiang Khan yesterday (Monday) and it was busy, but over the long weekend (the previous four days) it had been packed with visitors not just from local provinces but from all over Thailand, particularly Bangkok (they display a daily record). Everybody was wearing facemasks, but that was it.

    • Avatar

      David Barker

      Tuesday, December 15, 2020 at 7:24 pm

      This economist is obviously a Month Python fan talk about stating the bleeding obvious

  3. Avatar

    James R

    Tuesday, December 15, 2020 at 8:32 pm

    I can imagine this being the case all over the world.

    No other country keeps on mentioning the drop in tourism whether it is domestic or international due to the virus as we know it will be down.

    Why does Thailand keep on going on about it? It is a bit like saying it is raining so we will get wet, of course we will.

  4. Avatar

    Patrick Kelly

    Tuesday, December 15, 2020 at 11:43 pm

    From reading the media reports there is plenty of cowering going on in Thailand. Domestic travel rates are plummeting for instance. To seek shelter from a menace is a natural response for the fearful. What that does to the economy is truly damaging to the poor & disadvantaged.

Leave a Reply

Your email address will not be published. Required fields are marked *



Read more headlines, reports & breaking news in Thailand. Or catch up on your Thailand news.

Caitlin Ashworth is a writer from the United States who has lived in Thailand since 2018. She graduated from the University of South Florida St. Petersburg with a bachelor’s degree in journalism and media studies in 2016. She was a reporter for the Daily Hampshire Gazette In Massachusetts. She also interned at the Richmond Times-Dispatch in Virginia and Sarasota Herald-Tribune in Florida.

Economy

Thailand’s rich not eligible for 3,500 baht government handout

Maya Taylor

Published

on

Thailand’s rich not eligible for 3,500 baht government handout | The Thaiger
PHOTO: Chiang Rai Times

Thailand’s Finance Ministry has confirmed that wealthy citizens are not eligible for the government’s monthly cash handout of 3,500 baht. The Rao Chana (“We Win”) scheme consists of 2 monthly payments of 3,500 baht for those struggling with the financial fallout of the Covid-19 pandemic. Those with savings above a certain, unspecified threshold, will not qualify.

The ministry has not specified what this figure might be, in a bid to stop people transferring funds out of their accounts in order to fall below the required threshold. The Rao Chana scheme is aimed at farmers and the self-employed and is similar to the previous Rao Mai Thing Kan (“We Won’t Leave Anyone Behind”) scheme. That scheme consisted of 3 monthly payments of 5,000 baht and also excluded those with savings above a certain amount.

“The government spent 390 billion baht (on Rao Mai Thing Kan), but people still protested in front of the ministry after their applications to receive 5,000 baht remedial payments were rejected. A government official found that 1 protester had more than 10 million baht in his account, which is why he was not eligible.”

Kulaya Tantitemit from the Fiscal Policy Office, says screening under the new scheme will also reject government officials, employees in state enterprises, and people already in the social security net. The eligibility criteria are expected to be submitted for Cabinet approval soon, with registration for the scheme opening at the end of January and first payments made in early February.

“We want to help low-income people affected by Covid-19, so those outside the social security system such as freelancers or farmers will be eligible. But anyone with a high income will be disqualified.”

SOURCE: Nation Thailand

Keep in contact with The Thaiger by following our Facebook page.

Never miss out on future posts by following The Thaiger.

Continue Reading

Thailand

PM announces the distribution of 3,500 baht to help during Covid outbreak

Avatar

Published

on

PM announces the distribution of 3,500 baht to help during Covid outbreak | The Thaiger
PM Prayut Chan-o-cha

PM Prayut Chan-o-cha announces the 3,500 Baht distribution to help people financially affected during this second major outbreak of Covid-19, including informal workers, freelancers, and the unemployed. At the same time, the government will also help reduce the cost of living expenses of all households nationwide including electricity and water bills in February and March. Special internet packages will also be provided to support people who need to work from home.

The 3,500 Baht distribution is part of the government’s urgent relief measures called “Rao Chana” project or “We Win” in Thai language. The money is planned to be distributed to the registered applicants by the end of January and early February. But the exact date for signing up for the project is not released yet, perhaps next week.

The electricity bill reductions will be applied to every household across the country for 2 months, February and March, with the first 90 units spent free of charge. The water bills for all households and small businesses will also be reduced by 10% of the total charges in the February and March invoices.

SOURCE: The Pattaya News| Post Today

Keep in contact with The Thaiger by following our Facebook page.

Never miss out on future posts by following The Thaiger.

Continue Reading

Tourism

Thailand ranks 4th in the world for highest loss of tourism revenue – Official ESTA

The Thaiger

Published

on

Thailand ranks 4th in the world for highest loss of tourism revenue – Official ESTA | The Thaiger

The following article was submitted by a public relations company representing Official ESTA, a visa application and assistance processing firm.

Thailand has one of the highest loss of tourism revenue in the world with a loss of $37,504 million USD. The country ranks fourth on a list complied by the company Official ESTA intended to show the financial impact the Covid-19 pandemic had on the global tourism industry.

  • As the country with the most reported Covid-19 cases, the United States has suffered the biggest drop in tourism revenue with a total loss of $147,245 million
  • With the country seeing less than 20 million foreign visitors in 2020, Spain has the second largest revenue loss of $46,707m
  • France is the world’s most visited country with over 89 million tourists each year, but the impact of COVID-19 has resulted in a total revenue loss of $42,036m
  • The Caribbean islands make up 50% of those who have suffered the highest percentage loss in GDP, with Aruba, Turks and Caicos Islands, Antigua and Barbuda, St. Lucia and Grenada all ranking in the list of the top 10 worst affected

Official ESTA has looked into the biggest revenue loss and the highest percentage of GDP lost per country to reveal which countries have been financially impacted the most by the loss of tourism caused by Covid-19. You can view the full findings here.

Travel and tourism is one of the main industries to be gravely affected by Covid-19, leaving many countries with no choice but to close their borders to tourists for months due to the global pandemic outbreak. As a result of these travel bans, huge numbers of flights and holidays were cancelled throughout 2020, leaving world tourism at an all time low.

In 2019, global travel and tourism contributed $8.9 trillion to the world’s GDP, but due to the pandemic the financial impact of Covid-19 on world tourism resulted in a total revenue loss of $935 billion worldwide in the first ten months of 2020.

So which countries have been affected the most by Covid-19?

The countries with the biggest tourism revenue loss due to Covid-19:

RankCountryRevenue loss
1United States$147,245 million USD
2Spain$46,707 million USD
3France$42,036 million USD
4Thailand$37,504 million USD
5Germany$34,641 million USD
6Italy$29,664 million USD
7United Kingdom$27,889 million USD
8Australia$27,206 million USD
9Japan$26,027 million USD
10Hong Kong$24,069 million USD

 

Keep in contact with The Thaiger by following our Facebook page.

Never miss out on future posts by following The Thaiger.

Continue Reading
Thailand News Today | Stray car on runway, Indonesian quake, 300 baht tourist fee | January 15 | The Thaiger
Thailand27 mins ago

Thailand News Today | Stray car on runway, Indonesian quake, 300 baht tourist fee | January 15

Thailand News Today | Governor off respirator, sex-trafficking arrest, condo prices falling | January 14 | The Thaiger
Thailand1 day ago

Thailand News Today | Governor off respirator, sex-trafficking arrest, condo prices falling | January 14

Thailand News Today | Chinese vaccine, Thailand ‘drug hub’, Covid update | January 13 | The Thaiger
Thailand2 days ago

Thailand News Today | Chinese vaccine, Thailand ‘drug hub’, Covid update | January 13

Thailand News Today | Bangkok may ease restrictions, Phuket bar curfew, Vaccine roll out | January 12 | The Thaiger
Thailand3 days ago

Thailand News Today | Bangkok may ease restrictions, Phuket bar curfew, Vaccine roll out | January 12

Thailand News Today | Covid latest, Cockfights closed down, Bryde’s Whale beached | January 11 | The Thaiger
Thailand4 days ago

Thailand News Today | Covid latest, Cockfights closed down, Bryde’s Whale beached | January 11

Thailand News Today | Southern floods, Face mask fines, Thai Air Asia woes | January 8 | The Thaiger
Thailand1 week ago

Thailand News Today | Southern floods, Face mask fines, Thai Air Asia woes | January 8

Thailand News Today | 305 infections, No happy ending for massages, Phuket quarantine mooted | Jan 7 | The Thaiger
Thailand1 week ago

Thailand News Today | 305 infections, No happy ending for massages, Phuket quarantine mooted | Jan 7

Thailand News Today | 10,000 schools closed, 900 new migrant infections, Gambling crackdown | January 6 | The Thaiger
Thailand1 week ago

Thailand News Today | 10,000 schools closed, 900 new migrant infections, Gambling crackdown | January 6

Thailand News Today | PM reverses lockdown, Southern P.D.A. crackdown, Covid update | Jan 5 | The Thaiger
Thailand1 week ago

Thailand News Today | PM reverses lockdown, Southern P.D.A. crackdown, Covid update | Jan 5

Thailand News Today | Record daily infections, Covid restrictions, British arrivals ‘on hold’ | Jan 4 | The Thaiger
Thailand2 weeks ago

Thailand News Today | Record daily infections, Covid restrictions, British arrivals ‘on hold’ | Jan 4

Thailand News Today | Pattaya restrictions, 2021’s extra holidays, Covid update | December 30 | The Thaiger
Thailand2 weeks ago

Thailand News Today | Pattaya restrictions, 2021’s extra holidays, Covid update | December 30

Thailand News Today | Covid update, Bangkok restrictions, Gold rush | December 29 | The Thaiger
Thailand2 weeks ago

Thailand News Today | Covid update, Bangkok restrictions, Gold rush | December 29

Thailand News Today | No national lockdown, Bangkok schools closed, Abortion Bill | Dec 24 | The Thaiger
Thailand3 weeks ago

Thailand News Today | No national lockdown, Bangkok schools closed, Abortion Bill | Dec 24

Thailand News Today | Covid outbreak update, migrant workers ‘dumped’, Phuket’s fake cases | Dec 23 | The Thaiger
Thailand3 weeks ago

Thailand News Today | Covid outbreak update, migrant workers ‘dumped’, Phuket’s fake cases | Dec 23

Thailand News Today | 427 new C19 infections, Pattaya countdown cancelled, Elite Visa update | Dec 22 | The Thaiger
Coronavirus (Covid-19)3 weeks ago

Thailand News Today | 427 new C19 infections, Pattaya countdown cancelled, Elite Visa update | Dec 22

Follow The Thaiger by email:

Trending