Connect with us


Finance Minister says vaccination rollout will drive economic recovery



PHOTO: Mehmet Turgut Kirkgoz on Unsplash

Thailand’s Finance Minister is pinning his hopes on the rollout of Covid-19 vaccines to kick-start the decimated economy. Arkhom Termpittayapaisith says the economy should begin to recover in the last quarter of the year, saying the government’s vaccination drive will boost the public’s confidence, leading to more domestic travel. The minister adds that he experienced no problems after receiving the AstraZeneca jab yesterday.

“After the shot, I still feel well with no side effects and my arm is not sore. It is similar to other vaccinations. Vaccine availability and distribution will benefit the overall economy and should increase people’s confidence.”

According to a Bangkok Post report, Arkhom says exports should be ramped up to help offset the effects of the dormant tourism sector. He adds that the US$1.9 trillion coronavirus relief package introduced by President Joe Biden should also help Thailand’s exports.

“What’s more important is the export sector has to rev up, taking advantage of the recovering economy to increase shipments as much as possible to help offset tourism income, which remains weak. The export sector has no virus restrictions, unlike tourism activities.”

He adds that if international travel restrictions are eased, it will boost Thailand’s economy in the last quarter of the year. In relation to domestic travel, he says airlines are reporting fully booked flights for the forthcoming Songkran holiday, a sign that more people will visit different provinces over the holiday, thereby giving local economies a much needed boost.

In discussing the latest cluster of new infections in Bangkok’s Bang Khae district, the minister says the government is likely to manage it in the same way the Samut Sakhon outbreak was handled, with similar restrictions being introduced. He adds that he’s confident the outbreak will be brought under control.

SOURCE: Bangkok Post


Get more from The Thaiger

Join the conversation and have your say on Thailand news published on The Thaiger.

Thaiger Talk is our new Thaiger Community where you can join the discussion on everything happening in Thailand right now.

Please note that articles are not posted to the forum instantly and can take up to 20 min before being visible. Click for more information and the Thaiger Talk Guidelines.

A seasoned writer, with a degree in Creative Writing. Over ten years' experience in producing blog and magazine articles, news reports and website content.

Follow Thaiger by email:

Guides6 hours ago

Foodie Zone: Where to get vegan desserts in Bangkok 2022

Thailand7 hours ago

Thailand News Today | 36 dead in a mass shooting at a nursery in northeast Thailand

Guides7 hours ago

5 best wine bars in Bangkok offering rich and quality wine

Sponsored13 hours ago

Segafredo Zanetti Coffee teamed up with Bangkok Airways and hosted “Bangkok Airways Surf Festival 2022”

North East7 hours ago

Hip businesses in northeast Thai province offer tasty food and fun experiences

Crime7 hours ago

British CEO arrested at Bangkok Airport over 40 million baht fraud accusations

Thailand7 hours ago

Thailand’s 5 national parks raise entry fees for foreigners by 100%

Join the conversation on the Thaiger Talk forums today!
Bangkok7 hours ago

Ari around invites Ari people to share good deeds through the app.

Press Room8 hours ago

Where to order cannabis/weed in Thailand

Chon Buri8 hours ago

Trouserless Chon Buri man crashes car into power pole

Entertainment8 hours ago

‘The Trapped 13’ lets Wild Boars speak for themselves

Thailand8 hours ago

Reported Bangkok VIP casino vanishes into thin air

World8 hours ago

Australia sets goal of preventing any more species from going extinct

Crime8 hours ago

Mass shooting in Thailand: 36 dead, including 24 children, 12 injured

Thailand9 hours ago

9 Thais arrested in South Korea for smuggling drugs

Drugs9 hours ago

Police snag 2.5 meth pills in checkpoint stings

Thailand1 year ago

Morning Top Stories Thailand | Police to end protests, Human Trafficking | September 14

Thailand2 years ago

Thailand News Today | Thai Airways in rehab, All go for Songkran | March 4

Tourism2 years ago

Phuket’s nightlife. Yes, bars and clubs are still open | VIDEO

Phuket2 years ago

Thailand News Today | Covid passport talks, Thai Airways heads to court | March 2

Tourism2 years ago

Phuket Thai food treats you need to try | VIDEO

Thailand2 years ago

Thailand News Today | Bars, pubs and restaurants ‘sort of’ back to normal | Feb 23

Tourism2 years ago

In search of Cat & Dog Cafés in Phuket Town | VIDEO

Thailand2 years ago

Thailand News Today | Gambling crackdown, Seafood market to reopen, Vlogger challenge | Jan 21

Thailand2 years ago

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

Thailand2 years ago

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

Thailand2 years ago

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

Thailand2 years ago

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

Thailand2 years ago

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

Thailand2 years ago

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

Thailand2 years ago

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