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PM urges Thai industry representatives to adjust to “new normal”

Maya Taylor

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PHOTO: www.thailandnews.co

PM Prayut Chan-o-cha is urging Thai business representatives to accept and adapt to the new way of doing things in the aftermath of the Covid-19 crisis. He was speaking during a meeting with the Federation of Thai Industries, where he called for the private and civil sectors to work with the government to get the economy going again.

In talks with FTI President Supant Mongkolsuthree, the PM says the government continues to balance long term economic recovery with dealing with the Covid-19 situation, and that to be successful in meeting these challenges, full cooperation is needed between businesses, the government and the public. The PM says transparency is now key as the country’s economy is restarted.

The PM points out that his administration has put several measures in place to help Thai businesses, including cutting electricity charges by 5%, reducing their social security contributions to 1%, and providing assistance with obtaining bank loans and state funding. The government has also asked the Bank of Thailand to provide struggling small and medium-sized businesses with soft loans to help tide them over.

Mr. Supant says he recognises the help provided by the government and commends the current administration on how it has dealt with the Covid crisis. Thailand’s handling of the situation has been lauded in a number of international media outlets, with the FTI president saying he feels confident the country will once again be viewed as a favourable option both for investment and tourism.

SOURCE: National News Bureau of Thailand

 

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3 Comments

3 Comments

  1. Avatar

    paul scott

    Tuesday, June 23, 2020 at 11:41 am

    The New Normal >> Prayut will accept and confirm to the tyranny which the series of false flags have introduced. Watch Thailand’s economy and welfare sink to levels unprecedented. Recession coming. No tourist ibn his right mind will come to Thailand’s obscene new Normal>> wear your Hijab. keep away from people, they are all diseased, do not stand there. do not sit here. Medical authorities around the World are subject to the Drug Company psychopaths and nobody in Thailand has brain which can see it. Paul Scott New Zealand >> out of here as soon as I can

  2. Avatar

    Billy Hamster

    Tuesday, June 23, 2020 at 11:52 am

    I’m sure there are many who will agree with you, but it’s probably just best to wait and see what happens from the government side. Yes we are in the world of “new norm“, but nowhere in that article did I read anything that said “temporary“.

    So if, as they did after 9/11 & 7/7, where major changes are introduced which curtailed personal freedoms, then that’s where the buck stops. If they are only temporary which I highly doubt, then there will be no problem. If permanent, not only will Thailand’s tourism industry be dead on arrival, because nobody will want to stay in a police state, but also the youth from Thailand will not except that.

    If there are not more not less freedom’s post COVID-19, I see a way for political upheaval in Thailand. Or likely a scenario is that I will be a second wave followed by even more to draconian laws that could tail even more freedoms, including political freedoms e.g. Those allowing freedom of assembly, open freedom of speech, and the right to criticize the government of the day.

    Like I said, let’s wait and see.

    Billy

  3. Avatar

    Keith black

    Tuesday, June 23, 2020 at 3:01 pm

    Thailand’s ruling government needs to open the doors to expats, give them citizenship and the money they can bring into this economy.

    Common sense prevails the economy would take off at 100mph.

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