Connect with us

Economy

Economists say new local Covid-19 cases could slow tourism recovery

Caitlin Ashworth

Published 

 on 

Economists say new local Covid-19 cases could slow tourism recovery | The Thaiger
PHOTO: Nation Thailand
  • follow us in feedly

Some are concerned about a potential second coronavirus outbreak after 10 Thai women tested positive for Covid-19 after returning from Myanmar’s Tachileik district. Some travelled to Bangkok and Chiang Mai after returning.

A second wave of infections will stall the recovery of domestic tourism and Thailand’s overall economy that has been battered by the pandemic, according to the National Economic and Social Development Council, or NESDC.

Since some cases were reported in the tourism dependent provinces Chiang Mai and Chiang Rai, the council is concerned that the recent infections could slow down domestic tourism, according to the council’s secretary general, Danucha Pichayanan. After the first cases were reported in Chiang Mai and Chiang Rai earlier this week, many people who planned to visit the provinces cancelled their accommodation bookings, Danucha says.

“Containing the spread is a priority for the government… Effective controls for the second wave are crucial for the country’s overall economic recovery.”

When the pandemic started to affect the global economy in the first quarter of the year, GDP dropped by 2% year-on-year. GDP then plunged by 12.1% in the second quarter of the year, the biggest drop since the Asian financial crisis from 1997 to 1999. The economy improved in the third quarter with GDP contracting by 6.4% year-on-year.

With hopes that a Covid-19 vaccine will be widely available by mid-2021, NESDC predicts the economy will expand by 3.5% to 4.5%.

“That is not a certainty. Everything is uncertain. The government and the NESDC need to monitor all variables.”

SOURCE: Bangkok Post

Catch up with the latest daily “Thailand News Today” here on The Thaiger.

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

Never miss out on future posts by following The Thaiger.

10 Comments

10 Comments

  1. Avatar

    Peter

    Thursday, December 3, 2020 at 10:35 am

    There wasn’t a first wave. I grow tired of Thailand. It won’t be opening it’s borders for years.
    Covid 19 has become endemic, vaccine or no vaccine. A mature country can’t keep reacting like this every time there are a handful of cases.
    For the first time in years i was proud to be British yesterday. The UK’s vaccination program starts next week and we should hopefully have the disease under control by spring next year.
    Thailand won’t have even vaccinated a single person by then.
    Pathetic.

    • Avatar

      Issan John

      Thursday, December 3, 2020 at 11:04 am

      So the UK’s performance over Covid-19 makes you “proud to be British” just because it has approved the worst and most expensive of the three leading vaccines being trialled while everyone else wants more details of the trials?

      Despite having one of the worst records in the world over preventing the spread pf the pandemic, and one of the highest fatality rates?

      Even though the vaccine approved was developed by German and American companies?

      Even though there isn’t a snowball in hell’s chance that the UK will “have the disease under control by spring next year?

      That adds a whole new meabning to “pathetic”.

      • Avatar

        Peter

        Thursday, December 3, 2020 at 3:00 pm

        Your an idiot.
        The UK approved the Pfizer vaccine, 95% efficacy.
        The MHRA has had a rolling real time live trial data appraisal going on since June.
        The UK Oxford AstraZeneca vaccine has upto 90% efficacy depending on dosage.
        If your even going attempt to reply to me, get your basic facts correct.
        Clown.

      • Avatar

        Toby Andrews

        Thursday, December 3, 2020 at 5:16 pm

        What does it matter if the vaccine is not British.
        It has been tested and found to be safe.
        Peter is proud that the British is the first in the world to start a vaccine program.
        Britain might have a better vaccine in a few weeks, which is better.
        I’m proud the British are the first in the world to start a vaccine program.
        Thailand should not be allowed any vaccine. They are bragging about having the virus under control. Good, so no vaccine for the pariah state Thailand.
        They are parasites on the western inventions and expertise.

      • Avatar

        Mike Frenchie

        Friday, December 4, 2020 at 1:55 am

        The UK is starting to vaccine from tomorrow and this is a great achievement.
        I am not a Boris fan but he got that right!

  2. Avatar

    EdwardV

    Thursday, December 3, 2020 at 10:39 am

    “That is not a certainty.” – understatement

  3. Avatar

    Toby Andrews

    Thursday, December 3, 2020 at 10:43 am

    Yawn. I suppose he has to justify his salary.
    All he states seems blatantly obvious . . .
    But even so he makes his excuses if he is wrong by writing: Everything is uncertain.
    We might as well ask a tuc tuc driver then, Mister economist?

  4. Avatar

    Ben

    Thursday, December 3, 2020 at 11:20 pm

    Many of you are Debbie Downers. Cheer up! A vaccine has been approved in the UK and will be approved in most of the west by the end of the year and then implemented.

    Thailand wants to open up despite what people say here. They aren’t going to blow their own legs off because a bunch of Farangs want them to put their big boy pants on now. Or because a bunch of Farangs are crying about how employees in Thai tourism are suffering like they really care.

    They’ll open the border at the right time which is likely around mid-year. They’ll do it without quarantine and you’ll need proof of vaccination if you want to enter. Those who don’t want to vaccinate should make vacation plans for Mexico, Brazil or the Caribbean.

  5. Avatar

    Patrick Kelly

    Thursday, December 3, 2020 at 11:49 pm

    The Thailand paranoia is a sight to behold. A few cases enter from other countries and the locals go ballistic.
    Can they keep this going for years ? I think that will be a heavy lift . Vaccine is not going to eradicate the virus for decades. Let’s see how long Thailand can place its head in the sand.

  6. Avatar

    west tiger

    Friday, December 4, 2020 at 2:48 am

    As every day passes Thailand is sinking further into the abyss without the free spending Farangs coming here.

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

BTS skytrain maximum fare rate increasing to 158 baht despite backlash

The Thaiger

Published

on

BTS skytrain maximum fare rate increasing to 158 baht despite backlash | The Thaiger

Bangkok’s BTS skytrain maximum fare rate is being raised to 158 baht despite receiving backlash over the hike. The Transport Ministry is behind the calls for City Hall to stop the increase as it says it is too expensive for the average commuter who takes the BTS 2 times a day. Saksayam Chidchob, the Transport Minister, says other routes should be explored before increasing the costs for commuters.

“The Bangkok Metropolitan Administration should halt its policy on new BTS maximum fare and wait for other authorities to find proper solutions.”

The BMA and Transport Ministry were jointly appointed to set the fare’s ceiling in 2018, but it appears the BMA is now taking control of the new price hike. The BMA and Interior Ministry were previously responsible for granting concessions for the skytrain’s operation but the Transport Ministry is also part of the reviewing committee for extending the concessions and overall investments in the country’s mass transit system.

But deals are being made by the BMA that appear to ignore the Transport Ministry’s equal role in making decisions and the ministry says such actions are breaching co-investment laws. It isn’t the first time the BMA has made decisions without the Transport Ministry’s joint approval.

Before the new hike in fares, it previously extended concessions to the current Bangkok Mass Transit System in order to keep the fare ceiling at 65 baht. Now, making a new deal that would see passengers paying more than double in total fares across the skytrain system is being seen as pushing the envelope.

What is not clear is why the fares are being hiked when the country is suffering economically due to the Covid-19 pandemic. Even though the new maximum is set to rollout on February 16, Bangkok’s governor has offered to bring the new maximum down to 104 for a short period of time in consideration of the recent Covid outbreak.

But even increasing the fare to 104 baht is being widely opposed. The secretary-general of the Association for the Protection of the Thai Constitution says even the discounted rate is too expensive for daily commuters. And, the date for the discount ending has not been announced.

SOURCE: Bangkok Post

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

Never miss out on future posts by following The Thaiger.

Continue Reading

Economy

Government considering another registration round for co-payment scheme

Maya Taylor

Published

on

Government considering another registration round for co-payment scheme | The Thaiger
PHOTO: Thai PBS World

The Finance Ministery is considering adding another registration round to the Khon La Khrueng (“Let’s Go Halves”) co-payment scheme, as 1.34 million rights have not yet been taken up. The government introduced the scheme last October, in an effort to stimulate the Covid-battered economy. Under the scheme, Thai citizens get a 50% subsidy on the purchase of food, drink and general products, up to 150 baht per person per day, to a maximum of 3,000 baht for the duration of the scheme. Those who sign up need to make purchases within 14 days of their registration.

The first phase got under way on October 23 and finished on December 31, with the government setting aside 30 billion baht to cover 10 million people. The second phase began on January 1 and runs until March 31, covering an additional 5 million people. The cap has also been raised from 3,000 to 3,500 baht.

Kulaya Tantitemit from the Fiscal Policy Office says that of the combined 15 million rights, 13.66 have been taken up. The Bangkok Post reports that those who have not received subsidy rights can register for the 1.34 million that remain by the end of this month.

The Finance Ministry is also considering a third phase of the scheme, based on the success of the first 2 phases, according to Minister Arkhom Termpittayapaisith.

SOURCE: Bangkok Post

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

Never miss out on future posts by following The Thaiger.

Continue Reading

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 News Today | Covid testing for visas, Business impact, Vaccine approval | January 19 | The Thaiger
Thailand16 hours ago

Thailand News Today | Covid testing for visas, Business impact, Vaccine approval | January 19

Thailand News Today | Weekend Bangkok bombs, Thailand fires, Covid update | January 18 | The Thaiger
Thailand2 days ago

Thailand News Today | Weekend Bangkok bombs, Thailand fires, Covid update | January 18

Thailand News Today | Stray car on runway, Indonesian quake, 300 baht tourist fee | January 15 | The Thaiger
Thailand5 days 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
Thailand6 days 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
Thailand7 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
Thailand1 week 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
Thailand1 week 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
Thailand2 weeks 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
Thailand2 weeks 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
Thailand2 weeks 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
Thailand2 weeks 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
Thailand3 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
Thailand3 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
Thailand4 weeks ago

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

Follow The Thaiger by email:

Trending