Connect with us

Coronavirus (Covid-19)

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

Maya Taylor



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

📱 Download our app on Android or iOS
👋 Have your say on our Thailand forums
🔔 Subscribe to our daily email newsletter
📺 Subscribe / Join YouTube for daily shows
👍 Like/Follow us on Facebook
🐦 FOLLOW us on Twitter
📷 FOLLOW us on Instagram

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:

Tourism15 hours ago

Local businesses say they aren’t profiting from Phuket Sandbox

Crime16 hours ago

Woman shot by stray gunfire during motorcycle shooting

Phuket17 hours ago

Phuket pair arrested in possession of meth pills, homemade gun

Welcome back to Thailand!

Thaiger is getting behind local businesses for the restart of tourism in Thailand - up to 50% discounts across all advertising packages!

Coronavirus (Covid-19)18 hours ago

Prayut to propose to CCSA to reopen theatres, allow filmmaking

Coronavirus (Covid-19)18 hours ago

Saturday Covid-19 UPDATE: Select provincial totals

Transport19 hours ago

Woman dresses as astronaut to show moon-like road condition

Join the conversation on the Thaiger Talk forums today!
Coronavirus (Covid-19)20 hours ago

CCSA announces vaccination goals for October; 50% inoculated

Coronavirus (Covid-19)21 hours ago

Phuket Covid-19: 235 daily infections, 238 hospital beds available

Coronavirus (Covid-19)23 hours ago

Saturday Covid Update: 122 Deaths 14,109 new infections

Thailand2 days ago

Oct 1 reopening NOT confirmed, Kpop star sparks frenzy for Thai meatballs |Thailand News Today

Hua Hin2 days ago

Final arguments Tuesday on dual pricing suit against Health Ministry

World2 days ago

Texas lawyer dressed as Halloween’s Michael Myers to spread hurricane cheer

Thailand2 days ago

The Last Dance feat. Mike | Thaiger Bites | September 17

Thailand2 days ago

No “October reopening” plan has been approved – CCSA

Thailand2 days ago

Public Health Ministry defends October 1 reopening

Morning Top Stories Thailand | Police to end protests, Human Trafficking | September 14 | Thaiger
Thailand5 days ago

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

Thailand7 months ago

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

Tourism7 months ago

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

Phuket7 months ago

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

Tourism7 months ago

Phuket Thai food treats you need to try | VIDEO

Thailand7 months ago

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

Tourism7 months ago

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

Thailand8 months ago

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

Thailand8 months ago

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

Thailand8 months ago

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

Thailand8 months ago

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

Thailand8 months ago

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

Thailand8 months ago

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

Thailand8 months ago

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

Thailand8 months ago

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