Connect with us

Coronavirus (Covid-19)

Survey shows nearly half of Thai businesses expect return to normality in early 2022



PHOTO: Flickr/Horizon2035

A survey carried out by the Bank of Thailand shows that nearly half of Thai businesses expect life to return to normal during the first quarter of 2022. According to a Bangkok Post report, businesses of all sizes were interviewed between July 1 – 22 as part of the business sentiment index. The findings show that 45% expect people to become more confident spending time outside the home during the first quarter of next year. They also expect travel to return to normal and daily new infections to fall below 50 during the same period.

The Bangkok Post reports that 24% believe things will get back to normal when daily new cases drop to around 51 – 100. For 16%, this will happen when cases are between 101 – 500, while 15% anticipate life can return to normal with daily new infections at 501 – 1,000. However, of the businesses surveyed, just over 22% say they have enough cashflow to survive the next 3 – 6 months. Just under 20% say they can survive between 6 months to 1 year, while 12.6% of businesses say their liquidity will last less than 3 months.

Compared to June, business recovery dropped in July as a result of the rise in Covid-19 cases and increased restrictions. Recovery was weakest in the tourism, construction, and retail sectors, with tourism recording the lowest recovery rate in July, at just under 47%. Real estate was next at just over 63%, followed by the construction industry at just under 70%, services excluding tourism at just over 72%, and manufacturing at 77.6%.

In Bangkok and other high-risk “dark red” provinces, lockdown measures have been extended for another 2 weeks, with a further 16 provinces added to the “strict control” list. 29 provinces have imposed a curfew between the hours of 9pm and 4am. On the southern island of Phuket, a ban on the sale and consumption of alcohol in restaurants has been re-instated, 2 months after it was lifted.

SOURCE: Bangkok Post


Get more from The Thaiger

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:

Travel12 hours ago

10 Isan food you need to try at least once

Thailand13 hours ago

VIDEO: Floods tear through highway in northeast Thailand

Crime13 hours ago

13 murdered, including 7 kids by Russian neo-Nazi

Sponsored22 hours ago

International money transfers made fast, secure and transparent with DeeMoney Neo App

Thailand14 hours ago

Vegetarian Festival on Yaowarat Road starts today

Thailand14 hours ago

Thailand News Today | Baht continues surge against strong dollar

Bangkok15 hours ago

VIDEO: Fire falls like rain from communication cables in Bangkok

Join the conversation on the Thaiger Talk forums today!
Thailand15 hours ago

Father allegedy kills daughter’s cat for stealing his meatballs

Central Thailand16 hours ago

Whale watching season begins in Phetcha Buri

Special Features16 hours ago

Top 10 studio condos in Phuket (2022)

Crime16 hours ago

Thai court overwhelmed with evidence in Forex-3D fraud case

Tourism16 hours ago

Airport expansion plans hastened across Thailand

Thailand17 hours ago

Viral video: American man joins Thai dance in Isaan rite

Politics17 hours ago

China backs Thailand to make APEC a success

Politics18 hours ago

Gen-Z students oppose an unelected senate 17 to 1

Thailand19 hours ago

Foreigner allegedly using dogs to scam Chiang Mai locals

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