Phase 3 reopening generates more than 200bn baht monthly cash flow

Tanakorn Sangiam

 

 

BANGKOK(NNT)-With many establishments returning to business as usual, Phase 3 of COVID-19 restriction easing has generated no less than 200 billion baht cash flow in the economy per month. To encourage businesses to adapt to the New Normal, the Thai Chamber of Commerce has launched a forum for the brainstorming of ideas on the next business trends that must comply with health regulations for safe business operations.

 

At the Thai Chamber of Commerce’s (TCC) seminar on the government’s Phase 3 of COVID-19 restriction easing, TCC Chairman Kalin Sarasin urged the private sector to prioritize health and safety protocols, as the resumption of business has resulted in no less than 200 billion baht monthly cash flow in the economy.

 

Some businesses are, however, still not allowed to operate due to higher risk of coronavirus transmission and a concern over the possibility for a second outbreak. Businesses in this category will be allowed to reopen in Phase 4 in the future.

 

The TCC chairman said he is confident the business sector can handle the precautionary measures, and are ready to welcome international investors and visitors, which will allow the economy to regenerate.

 

He said the general public are now willing to go out shopping, generating cash circulation in local economies, and helping to prevent economic performance from dropping further.

 

The TCC expects Thailand’s GDP this year will shrink by 3-5 percent, which is more optimistic than the IMF’s prediction at negative 6-7 percent.

 

A Senior Research Fellow at Thailand’s Development Research Institute (TDRI), Miss Saowaruj Rattanakhamfu, presented research on Work From Home benefits for both employers and employees, as this approach helps reduce the costs related to utilities, travel, clothing and recreation by an average of 3,000 baht each month.

 

-- © Copyright NNT 2020-06-14

 

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23 minutes ago, rooster59 said:

TCC Chairman Kalin Sarasin urged the private sector to prioritize health and safety protocols,

'prioritize health and safety protocols' What a hypocrite.

I see he's wearing a face shield but no mask, which one of the government's top doctors said was useless on it's own without the face mask as well.

 

Unless he's expecting someone to spit at him for talking b*ll*cks.

Is this announcement a celebration or an apology /
In 2019 the GDP was THB 15,900 billion, THB 200 is a drop in the bucket.

Nothing to shout about, but at least it is in the right direction. 

39 minutes ago, rooster59 said:

as this approach helps reduce the costs related to utilities, travel, clothing and recreation by an average of 3,000 baht each month.

Is that per person, per family or the entire Thai population?

Still amazed at Thailand - and all these other countries - that think people are suddenly going to go out and spend spend , spend (and book holidays) after having zero or no income for months and about to be evicted

Just now, RichardColeman said:

Still amazed at Thailand - and all these other countries - that think people are suddenly going to go out and spend spend , spend (and book holidays) after having zero or no income for months and about to be evicted

Surely by spending money they haven't got allows them to run away from their impending doom.

7 minutes ago, RichardColeman said:

Still amazed at Thailand - and all these other countries - that think people are suddenly going to go out and spend spend , spend (and book holidays) after having zero or no income for months and about to be evicted

You really think the whole country has been unemployed during this wuFlu saga ?

26 minutes ago, bluesofa said:

 

'prioritize health and safety protocols' What a hypocrite.

I see he's wearing a face shield but no mask, which one of the government's top doctors said was useless on it's own without the face mask as well.

 

Unless he's expecting someone to spit at him for talking b*ll*cks.

My biggest concern would be looking a complete dick in one as the pic suggests .. Is that gollocks with a b .?

1 minute ago, Justgrazing said:

My biggest concern would be looking a complete dick in one as the pic suggests .. Is that gollocks with a b .?

Yes, it gloody is.

 

22 minutes ago, dcsw53 said:

Is this announcement a celebration or an apology /
In 2019 the GDP was THB 15,900 billion, THB 200 is a drop in the bucket.

Nothing to shout about, but at least it is in the right direction. 

200 per month = 2,400 on year basis compared to 15,900 that (15%) is a lot more than a drop in the bucket.

44 minutes ago, bluesofa said:

 

'prioritize health and safety protocols' What a hypocrite.

I see he's wearing a face shield but no mask, which one of the government's top doctors said was useless on it's own without the face mask as well.

 

Unless he's expecting someone to spit at him for talking b*ll*cks.

There's no-one anywhere near him.

6 hours ago, rooster59 said:

With many establishments returning to business as usual, Phase 3 of COVID-19 restriction easing has generated no less than 200 billion baht cash flow in the economy per month

Amazing how they come up with these exact figures so quickly?

6 hours ago, Don Mega said:

You really think the whole country has been unemployed during this wuFlu saga ?

Only about 20 million of them, and I don't think that they all walked straight back into the jobs that they had before, do you?

9 hours ago, billd766 said:

Only about 20 million of them, and I don't think that they all walked straight back into the jobs that they had before, do you?

30% of Thailand's entire population lost their job, wow thats a big number, Do you have a credible source you could link for me please.

they only crippled the economy over ... mhhh... an average day of road deaths

 

makes sense

7 hours ago, Don Mega said:

30% of Thailand's entire population lost their job, wow thats a big number, Do you have a credible source you could link for me please.

I am not sure if I can as the BKK Post nor their business pages arre not all owed to be linked on TVF.

 

I am not sure if this link is allowed, both of there are dated in April 2020.

https://www.thailand-business-news.com/business/78663-7-million-jobs-at-risk-in-post-covid-19-thailand.html

 

https://thethaiger.com/coronavirus/cv19-asia/cv19-thailand/chamber-predicts-7-million-thai-people-to-be-jobless-by-june

 

https://www.thaienquirer.com/9876/thailand-is-more-equipped-to-deal-with-the-socio-economic-fallout-of-the-covid-19-crisis-than-other-countries/

 

This one is from the Nation but dated in March 2020.

 

https://www.nationthailand.com/news/30384562

 

Some of these links you may to go online for but remember these are 2 to 3 months old.

Edited June 15, 20206 yr by billd766
added extra text

43 minutes ago, billd766 said:

I am not sure if I can as the BKK Post nor their business pages arre not all owed to be linked on TVF.

 

I am not sure if this link is allowed, both of there are dated in April 2020.

https://www.thailand-business-news.com/business/78663-7-million-jobs-at-risk-in-post-covid-19-thailand.html

 

https://thethaiger.com/coronavirus/cv19-asia/cv19-thailand/chamber-predicts-7-million-thai-people-to-be-jobless-by-june

 

https://www.thaienquirer.com/9876/thailand-is-more-equipped-to-deal-with-the-socio-economic-fallout-of-the-covid-19-crisis-than-other-countries/

 

This one is from the Nation but dated in March 2020.

 

https://www.nationthailand.com/news/30384562

 

Some of these links you may to go online for but remember these are 2 to 3 months old.

So what your saying is your previous claim was based upon thin air then, I assumed as much and thankyou for confirming.