Korat shooting expected to hurt economy in the short term

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Korat shooting expected to hurt economy in the short term

By THE NATION

 

 

The Korat shooting rampage has shocked consumers and could reduce their spending in the short term compared to other negative factors, experts said.

 

Nakhon Ratchasima Property Association’s senior adviser Krit Hiranyakrit said recently that “Some people would be afraid to come out of their houses, and would spend less money,” he said.

 

“However, this effect would last only for a short period compared to other economic factors such as the global economy, the baht appreciation and the coronavirus outbreak, which have affected tourism and condominium sales in Nakhon Ratchasima (Korat) for a long time.”

 

On economic issues, businessmen, chambers of commerce and government agencies have collaborated to encourage local people to spend in department stores, especially Terminal 21 where the rampage happened on Saturday (February 8).

 

“The department store’s owners, as well as private entrepreneurs in the province, do not want the economic vacuum to prolong, since it would cause more problems in the future,” Krit explained.

 

In addition, Land and Houses, which has participated indirectly in the Terminal 21 management, has built a 200-room hotel beside the department store, increasing economic confidence in the area.

 

Also, the senior adviser said that over 10,000 people were gathered to shop in the department store. “Their number was expected to be more than those on the department store’s opening day,” he added.

 

Meanwhile, properties in the province presently were focused on outstanding units, because the market has been short of purchasing power for a long time.

 

“The recent bloody situation would decrease the confidence of buyers from other provinces on the point of security,” Krit said. “However, I am confident that each project has reliable security technology.”

 

Preliminary, the property companies aimed to draw local people to buy their projects, via the government’s policies and marketing campaigns or promotions.

 

Source: https://www.nationthailand.com/news/30382073

 

-- © Copyright The Nation Thailand 2020-02-13

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[legend49]

The money mentality here is so sickening, if its Korat shooting, Coronavirus, speed boat accident at Phuket , so on. Everything is about money they can grab, not the social, safety factors of people.

[Pedrogaz]

I for one will not be gong to Korat anytime soon

[Benmart]

Perhaps "Greed and Corruption 101" is a mandatory class, as well as "Heartless and Stupid Comments for Beginners" by officials, business owners and trade organizations.

[Ireland32]

4 hours ago, Pedrogaz said:

I for one will not be gong to Korat anytime soon

So you let the Gunman , Win , Ridiculous 

[Ireland32]

Does anyone know name of Hotel that’s being Built, looks about 10 Stories

[tifino]

1 minute ago, Ireland32 said:

Does anyone know name of Hotel that’s being Built, looks about 10 Stories

probably end up as a Hospital, long before it's released to tourism...