Connect with us

Chiang Mai

Phuket Gazette Thailand News: Protests may cost B40bn; Tourism fears rise; Army maintains no coup; OAG stirs elections wasteful

Legacy Phuket Gazette

Published

 on

Phuket Gazette Thailand News: Protests may cost B40bn; Tourism fears rise; Army maintains no coup; OAG stirs elections wasteful | The Thaiger

PHUKET MEDIA WATCH
– Thailand news compiled by Gazette editors for Phuket’s international community

Prolonged siege may cost Bt40 bn
The Nation / Phuket Gazette
PHUKET: The Bangkok Shutdown is expected to whack Bt40 billion off the economy or 0.2 percentage point off its growth as consumers cut back on daily living and travel expenses, according to the University of the Thai Chamber of Commerce.

“The lower confidence from the political chaos could cause huge losses in the economy from slowdowns in spending, investment and consumption as well as limited travel for both Thais and foreigners,” Thanavath Phonvichai, director of the university’s Economic and Business Forecasting Centre, said yesterday.

“Because of the weak sentiment, consumers are expected to spend about Bt500 million less a day, while daily tourism income would drop by between Bt200 million and Bt500 million.”

A UTCC poll found that consumer confidence had plummeted to its lowest level in two years, mainly because of the political tensions, while consumer sentiment to purchase a new car or home, to travel or to start a new investment, especially among small and medium-sized enterprises, had dropped to the lowest in seven and a half years.

Spending in Greater Bangkok is expected to fall by 5-10 per cent a day, while spending in other provinces could slip by 1-5 per cent.

Assuming a loss of between Bt700 million and Bt1 billion a day and the metropolis being paralysed for two weeks from next Monday until the election on February 2, the cumulative loss could reach Bt40 billion.

Gross domestic product might grow by only 3-4 per cent this year instead of 4-5 per cent as previously expected.

The political turmoil is the major factor draining confidence. The economy is now quite fragile and sensitive to the political situation, Thanavath said. If the problems have not been solved by this month, first-quarter GDP could contract.

As the situation is expected to normalise, consumer confidence should recover next quarter.

According to the opinion survey of 2,242 respondents from January 2-7, the consumer confidence index slipped for the ninth straight month from 75 points in November to 73.4 in December. That level has not been seen since January 2012. Scores below 100 indicate negative confidence.

Confidence in future employment opportunities dipped from 68.2 points in November to 66.7 points last month, while confidence in future incomes also slid from 91.8 to 90.3.

Confidence in the political situation dived dramatically from 55 to 47.7. The index for politics has declined to the lowest figure in 40 months, since September 2011. Based on the responses of 1,200 consumers and 800 businessmen, about half of the consumers are extremely worried about the “Bangkok shutdown” planned by an anti-government group, while more than half of the businesspeople were highly concerned about the situation.

Wachira Kuntaweethep, assistant director of the centre, pointed out that consumers would likely stock up on goods for fear of the capital’s seizure, while most businesses expect their sales and profits to suffer.

Companies are afraid that their production costs will soar and strain their liquidity.

However, businesses are not yet completely convinced that circumstances will be dire, as they said they would not lay off employees. But investment plans could be delayed.

PM worried about impact of crisis on tourism sector
The Nation / Phuket Gazette
PHUKET: Prime Minister Yingluck Shinawatra is concerned about the adverse impact of the current political crisis on the tourism sector, which is expected to suffer losses of Bt18 billion in January with visitor numbers estimated at 2.1 million in the month, short of the 2.5 million target, according to the Tourism Council of Thailand (TCT).

The premier convened a meeting yesterday with the National Economic and Social Development Board, the Tourism and Sports Ministry, the Federation of Thailand Industries (FTI), and the TCT to discuss the impact of the political demonstrations.

TCT president Piyaman Tejapaiboon said Yingluck was concerned about the impact of the political situation on the tourism sector. Due to the prolonged political rally in January, the TCT expects the tourism sector to suffer losses in January of around Bt18 billion. Visitor numbers are expected to decline to 2.1 million from the target of 2.5 million, a 15 per cent drop.

If the political situation does not turn violent, revenue of at least Bt2.05 trillion (Bt1.35 trillion from foreigners) could be achieved during the year while the number of tourists could reach 29.9 million.

Supawan Tanomkieatipume, chairwoman for public relations at the Thai Hotels Association, who attended the tourism industry’s meeting with Yingluck yesterday told The Nation that while assuring tourism business operators there would be no violence, the premier asked the hoteliers to prepare well for the situation. Supawan said Bangkok was expected to experience a 50-per-cent drop in tourist arrivals during January 12-14 and 30 per cent for the whole month.

However, the tourism situation in other provinces remained good, except Pattaya which has been slight affected, as some tourists have bypassed Bangkok and moved to other destinations such as Phuket and Chiang Mai, she said.

“Everyone is now waiting to see what’s going to happen on January 13. If there is no violence, they [tourists] will return quickly,” said the THA chairwoman.

Yutthachai Soonthornrattanavate, president of the Association of Domestic Travel, said Thailand’s outbound tourism has also been affected as there are fewer chartered planes flying in the country during this period and hence there are fewer planes available to serve outbound travellers.

So far, the overall impact on the tourism industry is not too harsh because the country has many upcountry tourism spots that have gained in popularity like Chiang Mai, a favourite destination among Chinese travellers, he said.

Despite being plagued by the ongoing political turmoil, the MICE (meetings, incentives, conventions, and exhibitions) industry outlook in the long term is projected to be still positive, thanks to the country’s strong economic fundamentals. However some businesses would be hit, especially meetings and tourism incentive groups, according to industry executives.

Patrapee Chinachoti, president of Thai Exhibition Association, viewed the overall trade exhibition business as still good in the long run. Clearly, exhibitors viewed Thailand’s economy would keep growing. The decision to do business with Thailand was not based only on political problems. Thailand still offers business opportunities, and many would seek a foothold.

The current political movement is still acceptable as there has been no violence and clashes between groups. Also, exhibitors understand the situation, as they have learnt from the previous ones.

As a result, he expected the trade exhibition business to grow about 20 per cent this year, on the assumption that the stalemate would not continue until March. If the stalemate prolongs, it would make exhibitors less confident, especially to invite participants and they may postpone their events.

Clearly at present, exhibition space has been booked continuously and the venue rate is going up. There is no cancellation from exhibitors. The industry has not suffered much during this time from the poli

— Phuket Gazette Editors

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

Chiang Mai

Hostage drama in Chiang Mai – Man holds seven 7-Eleven employees hostage.

May Taylor

Published

on

Hostage drama in Chiang Mai – Man holds seven 7-Eleven employees hostage. | The Thaiger

PHOTO: Chiang Mai City Life

A former Thai soldier has killed himself following a stand-off with police in Chiang Mai where he had taken seven 7-Eleven employees hostage. Eyewitnesses told Chiang Mai Citylife that a man with a gun arrived at the 7-Eleven in Mae Rim district on Chotana Road at around 5am yesterday and took one of the employees hostage.

The sergeant, who is described in reports as being “frantic and depressed”, demanded that staff in the 7-Eleven live-stream the event on LINE, which they did.

Local police were called and were attempting to negotiate with the man when he shot himself in the head. Sergeant Punghong was rushed to Nakhon Ping Hospital where he later died from his injuries three hours later.

The dead man has been named as Sgt. Phongphan Kunhong, a 37 year old former soldier from Pha Mueang Force in the Chiang Rai district.

The soldier’s superior confirmed to police that the man had been suffering from a depressive disorder. He died after several attempts to save him.

SOURCE: Chiang Mai City Life

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

Air Pollution

Less monitoring, more enforcement – Prawit warns northern officials

The Thaiger & The Nation

Published

on

Less monitoring, more enforcement – Prawit warns northern officials | The Thaiger

PHOTO: The Thaiger

Thai Deputy PM Prawit Wongsuwan and Natural Resources and Environment Minister Varawut Silpa-archa were in Chiang Mai yesterday to give provincial governors and state agency officials a ‘heads up’ in preparation for another looming season of forest fires and haze.

The North suffers perennial choking smog from approximately February to April, and Prawit passed on a message from PM Prayut Chan-o-cha who, he said, was fretting over the impact on people’s health.

He said the Environment Ministry would take the lead in coordinating with neighbouring countries and related local authorities to monitor the fire problem both in and outside Thailand.

The fires are lit in northern Thailand, and over the border in Myanmar, as burn-offs to prepare for the next year’s crops. Last year’s choking smoke haze was headline news for months.

SOURCE: The Nation

Less monitoring, more enforcement - Prawit warns northern officials | News by The Thaiger

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

Chiang Mai

Chiang Mai hotels face a quiet end to 2019

The Thaiger

Published

on

Chiang Mai hotels face a quiet end to 2019 | The Thaiger

PHOTO: Spice Roads

Chiang Mai hotels are bracing for a quiet end to 2019, along with other Thai tourist hotspots, due to the strength of the baht, an over-supply of rooms and the growing popularity of home-sharing accommodations like Airbnb.

Hoteliers in the northern city are also suffering the fall-out from the smoke haze crisis earlier in the year which put off a lot of forward tourist bookings.

Occupancy rates have fallen in Q3 20%, compared to an 80% rate at the same time last year. Hoteliers say that, usually, this is a relatively busy time for the northern city with school holidays in Europe and China. This year’s Chinese ‘Golden Week’ (October 1-7) was also very quiet compared to previous years.

They predict the average occupancy rate of less than 60% may be the ‘norm’ for the rest of the year. At the same time the number of rooms in Chiang Mai has risen an additional 10,000 rooms to 60,000 rooms in just two years, so there is a glut of rooms competing for dwindling business.

The rise of home-sharing accommodation in northern Thailand is further exacerbating the problem for the traditional hotel market. Hoteliers are also blaming this year’s negative publicity about the smoke and haze during March and April.

According to the Bangkok Post, in the first eight months of this year Chiang Mai welcomed 6.38 million tourists, down 2.2% compared to the same period last year.

SOURCE: Bangkok Post

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

The Thaiger Newsletter

Keep up with all the day’s news. Subscribe here.

The latest news and information from Thailand.

* indicates required



ตรวจหวย 16/10/62 รางวัลที่ 1 เลขท้าย 2 ตัว 3 ตัว เลขหน้า 3 ตัว และรางวัลอื่น ๆ | The Thaiger
ตรวจหวย2 days ago

ตรวจหวย 16/10/62 รางวัลที่ 1 เลขท้าย 2 ตัว 3 ตัว เลขหน้า 3 ตัว และรางวัลอื่น ๆ

ตรวจหวย 16 ตุลาคม 2562 ผลสลากกินแบ่งรัฐบาล 16/10/62 | The Thaiger
ตรวจหวย2 days ago

ตรวจหวย 16 ตุลาคม 2562 ผลสลากกินแบ่งรัฐบาล 16/10/62

ถ่ายทอดสด “สลากกินแบ่งรัฐบาล” 16 ตุลาคม 2562 ลุ้นรางวัลที่ 1 สด ๆ | The Thaiger
ตรวจหวย2 days ago

ถ่ายทอดสด “สลากกินแบ่งรัฐบาล” 16 ตุลาคม 2562 ลุ้นรางวัลที่ 1 สด ๆ

หนุ่มแท็กซี่ฉาว ท้าต่อยเจ้าของธุรกิจเต๊นท์ กลางงานสนามหลวง | The Thaiger
ข่าว3 days ago

หนุ่มแท็กซี่ฉาว ท้าต่อยเจ้าของธุรกิจเต๊นท์ กลางงานสนามหลวง

ไทยแชมป์วอลเลย์บอลอาเซียนกรังด์ปรีซ์สนาม 2 รางวัลรายบุคคล | The Thaiger
วอลเลย์บอล2 weeks ago

ไทยแชมป์วอลเลย์บอลอาเซียนกรังด์ปรีซ์สนาม 2 รางวัลรายบุคคล

ตรวจหวย1ตุลาคม2562 ผลรางวัลที่ 1 เลขท้าย 2 ตัว 3 ตัว เลขหน้า 3 ตัว และรางวัลอื่น ๆ | The Thaiger
ตรวจหวย2 weeks ago

ตรวจหวย1ตุลาคม2562 ผลรางวัลที่ 1 เลขท้าย 2 ตัว 3 ตัว เลขหน้า 3 ตัว และรางวัลอื่น ๆ

ถ่ายทอดสดหวย 1 ตุลาคม 2562 ลุ้นรางวัลที่ 1 สลากกินแบ่งรัฐบาล | The Thaiger
ตรวจหวย2 weeks ago

ถ่ายทอดสดหวย 1 ตุลาคม 2562 ลุ้นรางวัลที่ 1 สลากกินแบ่งรัฐบาล

สีจิ้นผิงกล่าวสุนทรพจน์ ครบรอบ 70 ปีก่อตั้งสาธารณรัฐประชาชนจีน -ลิงก์ถ่ายทอดสด | The Thaiger
ต่างประเทศ2 weeks ago

สีจิ้นผิงกล่าวสุนทรพจน์ ครบรอบ 70 ปีก่อตั้งสาธารณรัฐประชาชนจีน -ลิงก์ถ่ายทอดสด

คลิปไฮไลท์วอลเลย์บอลเวิลด์คัพ 2019 นัดที่ 5 | The Thaiger
วอลเลย์บอล4 weeks ago

คลิปไฮไลท์วอลเลย์บอลเวิลด์คัพ 2019 นัดที่ 5

คลิปไฮไลท์ วอลเลย์บอลเวิลด์คัพ 2019 นัดที่ 1 | The Thaiger
วอลเลย์บอล1 month ago

คลิปไฮไลท์ วอลเลย์บอลเวิลด์คัพ 2019 นัดที่ 1

Paramount เตรียมรีเมค FACE/OFF หนังบู๊ระดับตำนาน | The Thaiger
หนัง1 month ago

Paramount เตรียมรีเมค FACE/OFF หนังบู๊ระดับตำนาน

ประยุทธ์ โต้ รัฐบาลไหนก็มีตำหนิทั้งนั้น “ถึงเวลาก็อ้างอย่างที่ผมอ้าง” | The Thaiger
ข่าวการเมือง1 month ago

ประยุทธ์ โต้ รัฐบาลไหนก็มีตำหนิทั้งนั้น “ถึงเวลาก็อ้างอย่างที่ผมอ้าง”

อารัมภบท รักฉุดใจนายฉุกเฉิน My ambulance ตอนแรก 6 กันยานี้ | The Thaiger
บันเทิง1 month ago

อารัมภบท รักฉุดใจนายฉุกเฉิน My ambulance ตอนแรก 6 กันยานี้

วอลเลย์บอลหญิงชิงแชมป์ยุโรป 2019 โฉมหน้า 4 ทีมตัดเชือกรอบรอง | The Thaiger
วอลเลย์บอล1 month ago

วอลเลย์บอลหญิงชิงแชมป์ยุโรป 2019 โฉมหน้า 4 ทีมตัดเชือกรอบรอง

บิ๊กไบก์หัวร้อน ตบหัวลุงพิการผัวะ ‘รถกูเป็นอะไร มีปัญญารับผิดชอบไหม’ | The Thaiger
ข่าวไทย1 month ago

บิ๊กไบก์หัวร้อน ตบหัวลุงพิการผัวะ ‘รถกูเป็นอะไร มีปัญญารับผิดชอบไหม’

Trending