Coronavirus epdiemic seen impacting Thai economy

By THE NATION

 

 

The coronavirus epidemic in China and other Asian countries will be a key factor in affecting the Chinese economy and also Thailand this week and maybe the next, experts said.

 

 

The Chinese yuan weakened this week (January 20 to 24) as the coronavirus continued to spread during the Chinese New Year festival. The virus has raised concerns about its impact on China’s economy, as well as the overall economic situation in Asia.

 

The baht appreciated at the beginning of the week, and weakened towards the end. Thai tourism was expected to be hit by the coronavirus epidemic in China and other Asian countries.

 

CIMB THAI bank predicted that the baht next week (January 27 to 31) would move within a range of Bt30.20 to Bt30.70 to the US dollar.

 

In addition, all eyes will be on a US Federal Reserve meeting on January 28-29. Also, the US will report its economic growth rate for the last quarter of 2019 on January 30.

 

CGS-CIMB Securities Thailand forecast that the Stock Exchange of Thailand (SET) Index would possibly fluctuate due to the spread of the coronavirus.

 

CGS-CIMB Thai suggested that investors monitor the results of the Fed’s meeting, as well as the Constitutional Court’s judgement on the budget bill of 2020. The company predicted the SET Index’s support next week at 1,555 points, and resistance at 1,585 points.

 

 

Gold bar price this week was globally at US$1,557.57 per ounce, while the price in Thailand was Bt22,500 per baht weight, up from Bt22,350 per baht on Monday (January 20).

 

The YLG Bullion International estimated the first support in the future at US$1,569 per ounce. If the price passes this support, the next one would be around US$1,573 to US$1,580 per ounce.

 

Source: https://www.nationthailand.com/news/30381048

 

-- © Copyright The Nation Thailand 2020-01-26

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More worrying would be the loss of life. Wouldnt expect this type of story for a couple months.

That clever devil...had the Chinese send over some infected tourists to blame for the poor economy...☺ 

Yesterday, one of my Thai friends posted a dozen videos or so or what is actually happening in China, with dead and collapsed people on the streets and hospitals and offices and bus terminals. It is far worse than they are making it out to be.

 

AND YET.

 

Thais are more concerned with getting their money and putting other Thais at risk . Lunatics

 

For this government money comes first! The people of Thailand aren't that important!

50 minutes ago, RichardColeman said:

Yesterday, one of my Thai friends posted a dozen videos or so or what is actually happening in China, with dead and collapsed people on the streets and hospitals and offices and bus terminals. It is far worse than they are making it out to be.

 

AND YET.

 

Thais are more concerned with getting their money and putting other Thais at risk . Lunatics

 

Where can one find the actual videos....  

50 minutes ago, RichardColeman said:

Yesterday, one of my Thai friends posted a dozen videos or so or what is actually happening in China, with dead and collapsed people on the streets and hospitals and offices and bus terminals. It is far worse than they are making it out to be.

 

AND YET.

 

Thais are more concerned with getting their money and putting other Thais at risk . Lunatics

 

My Thai Missus says that this AM, Prayut made a statement that the Chinese are very Welcome in Thailand still.

Is there no end to the stupidity, and downright disregard for Human Life in this Country.

What sorry specimens that all they think of is Money, and the Health and well being of the Nations Citizens ( and other Nationalities ) does not matter at all.

And to even to consider aiding the spread of this Virus, by allowing free movement of potentially infected People, is just beyond words

1 hour ago, RichardColeman said:

Yesterday, one of my Thai friends posted a dozen videos or so or what is actually happening in China, with dead and collapsed people on the streets and hospitals and offices and bus terminals. It is far worse than they are making it out to be.

 

AND YET.

 

Thais are more concerned with getting their money and putting other Thais at risk . Lunatics

 

Some Thais !

So is the Thai PM and friends headed for a private secure place until the corona

event is over?

Its not the ineptitude of the military.  Its the virus that is ruining the Thai economy.  Glad the argument has  been put to rest. 

7 hours ago, rooster59 said:

The coronavirus epidemic in China and other Asian countries will be a key factor in affecting the Chinese economy and also Thailand this week and maybe the next, experts said.

Any excuse comes in handy, none of you are responsible for the decline in the economy, it's always the others!
You are a mass of spoiled and whining children!

My profound concerns for Thailand and her People are that the true realities of the effects of the coronavirus, which was apparently intentionally disgracefully and incompetently mismanaged by the Chinese Government's Top Leadership, will cause world travelers to not visit Thailand.  It is a near certainty that pending reservations are already being altered to curtail any visits here from western countries.  On the one hand the throngs of Chinese 'holiday travelers' were being welcomed for the potential opportunity to help Thailand's tourism industry, economy, etc., but the apparent dangers of importing human carriers of the new epidemic to the Kingdom have not yet apparently been realized.  One can reasonably predict that the downturn in international tourism to Thailand, other than Chinese revelers, will take a spiral of proportions few can imagine.  I so hope I am completely wrong; and that the wonderful People of this beautiful country will not suffer needlessly. 

No tourist group holidays from China to anywhere from tomorrow. Will Western tourists be encouraged to visit Thailand to fill the big void?

Compared to the number of people dying every day on Thai roads, the coronavirus is a drop in the ocean and completely irrelevant. But what is being done about road casualties? Raising the speed limit?

8 hours ago, rooster59 said:

Coronavirus epdiemic seen impacting Thai economy

By THE NATION

this what globalisation is all about!

Who pays for sick people's hospital Bill's?  I hope  it turns out  to be s dude but the real news  I gathered from many social  media sources  is very grim.  Even possible this was a level 4 facility leak.  The first case was Dec 1.  No official  admission until December 31.  50- 70 mil in lockdown.

RO of 2+, death rate of 4%-?, super spreaders observed, human to human confirmed, 39 healthy male succumbed, asymptomatic carriers. 

Some claiming the death toll is of by a factor of 10+.  This could get ugly.  

6 hours ago, manhood said:

For this government money comes first! The people of Thailand aren't that important!

When look back then think this goverment is less a money come first then the previous administrations.

 

The real solution would be a quratine of 40 days and stip all traveling around the world

 

40 days is not long and will stop the spreading.

 

Since no goverment issues this to protect the citizens. All govemrment are money fist on some more then the other.

 

Chinese totally lock down areas and give in this a good example.

 

Quarantoe comes form the italian number 40.

 

In the past they already found out lock down for 40 days and that what surives also has the solution inside the body.

 

And probably we add some days to it because of the incibation time so make it 60 days and all is solved.

Was never a bright plan to focus on mostly one nationality for visitors!

So don’t blame it on the China virus But blame on the focus of one nationality for visitors.

After the coronavirus all we need now is a huge drop in the rupee and it will be a clean sweep for the TAT. Farangs alienated, Chinese diseased and not allowed to travel and Indians too poor to come. Maybe there are some untapped tourists markets in Africa they can focus on as they clutch at the last few straws?

Edited January 26, 20206 yr by SteveK

A post containing a Twitter link has been removed as this is not a Twitter site. 

 

A conspiracy troll post has been removed. 

7 hours ago, manhood said:

For this government money comes first! The people of Thailand aren't that important!

The Thai government have been encouraging  Chinese tourist. Without realizing what complications could arise

P

Interesting Reuters article with headline: Public anger grows over coronavirus in Thailand, with eight cases of the illness. 

 

"three months of reduced travel from China would result in 50 billion baht ($1.52 billion) of lost tourism revenue"

 

https://www.reuters.com/article/us-china-health-thailand/public-anger-grows-over-coronavirus-in-thailand-with-eight-cases-of-the-illness-idUSKBN1ZP0GF

 

 

 

 

On 1/26/2020 at 10:56 AM, RichardColeman said:

Yesterday, one of my Thai friends posted a dozen videos or so or what is actually happening in China, with dead and collapsed people on the streets and hospitals and offices and bus terminals. It is far worse than they are making it out to be.

 

AND YET.

 

Thais are more concerned with getting their money and putting other Thais at risk . Lunatics

 

Interesting, as I also saw a similar video posted on my Facebook page (from outside Thailand). It was unbelievable to see people (all wearing face masks) collapsed in the street, shops and bus stations being carried away on stretchers by the Chinese Medical authorities.