Most CEOs not confident of govt's Covid-19 measures

By THE NATION

 

FILE PHOTO: Commuters wearing protective masks walk inside the MRT subway in Bangkok February 24, 2020. ― Reuters

 

A majority (53.3%) of chief executive officers were not confident of the government's handling of the Covid-19 outbreak, according to a CEO Survey by Krungthep Thurakit newspaper on their business strategies in response to the epidemic.

 

The rest (46.7 per cent ) said the measures were sound and appropriate .

 

Of the respondents, 17.7 per cent were in the finance sector, 14.6 per cent manufacturing , 13.1 per cent IT and telecom , 12.6 per cent property and 7.6 per cent in the retail sector.

 

43.7 per cent of the CEOs said their companies experienced medium impact from the outbreak, 20.1 per cent were severely affected, 30.7 per cent felt minor impact and 5.5 per cent saw no impact at all.

 

When asked how they adjusted their operations during the outbreak, 32.6 per cent cited cost-cutting , while 14 per cent looked for new markets.

 

38.2% of them believed that the outbreak would ease off in the second quarter, 32.2 per cent in the third quarter, 12.1 per cent fourth quarter. The rest said it was hard to predict.

 

Source: https://www.nationthailand.com/news/30383691

 

-- © Copyright The Nation Thailand 2020-03-09

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20 minutes ago, webfact said:

The rest (46.7 per cent ) said the measures were sound and appropriate

Investors need to know which companies these CEOs who think everything's just fine are running.

Hell, I'm not confident about ANYTHING this government does. I take that back.  I am confident they will screw things up. 

 

It would have been really interesting o see which of these CEO, s were running International Companies for large Conglomerates.

I think maybe 53.3% were.

 

How can one blame them? Are they confident about anything the government does (apart of course from feathering their own nests).

As far as I see going to companies over the past month, its very much the private sector who are taking appropriate precautions and not leaving it up to the Government.

 

When you consider the day to day measures here in terms of temperature checks, hand sanitizer availability, face masks, information on LINE etc, it is far far far better and more proactive than Western Countries.

 

The Government messages are all over the shop, but private sector act responsibility and in general still even in Thailand people do what they are told in situations like this.

 

Every client i have seen recently, they have temperature checks, many inform in advance that we are not permitted to visit and do it by conference call etc etc. Office personnel are taking it very seriously, and in a factory in Rayong last week, the HR lady who brought me in nigh on was getting a hostile reaction from bringing outsiders into the office....

 

There may be holes in the methodology etc, but this part of the World is far more orderly and prepared than most of Europe who cherish their free choice so much.