UTCC warns of economic threats from protests

 

   

BANGKOK(NNT) - With the COVID-19 pandemic having devastating effects on the economy, the University of the Thai Chamber of Commerce (UTCC) has warned that recent protests by youth movements could increase the risks to the economy, with the annual economic performance this year now expected to shrink by 8-10 percent.

 

The UTCC President Thanawat Polvichai said the latest economic performance projection, at minus 8-10 percent, did not take into account recent political protests, which could continue to affect the perception and confidence among foreigners and international investors, even with the easing of lockdown restrictions.

 

He said investors may perceive that Thailand still remains in the cycle of extra-parliamentary politics, and the images of protests may deter visitors from planning their trips to Thailand, despite the country’s successful control of COVID-19.

 

The UTCC expects the Thai economy to contract more than the initially projected 8-10 percent figure, should the protest be prolonged or become violent.

 

Regarding the case of a COVID-19 positive Egyptian air force officer, and a COVID-19 positive family member of a Sudanese diplomat, who have been identified outside quarantine, the UTCC president said these cases affect the confidence people have in the government’s safeguard measures to prevent another outbreak.

 

He said these cases present an opportunity for related agencies to improve current measures and close any loopholes that may exist, which will help demonstrate to the general public the government’s capacity to solve problems in a timely manner.

 

The UTCC also suggests the government only open the country to select groups tourists, those with close relations to the government and foreign workers, in order to drive the economy forward.

 

According to a UTCC survey, the general public now gives more priority to their health and safety, than to restarting the tourism sector and the economy by opening the country to tourists.

 

-- © Copyright NNT 2020-07-22

 

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10 minutes ago, webfact said:

He said investors may perceive that Thailand still remains in the cycle of extra-parliamentary politics, and the images of protests may deter visitors from planning their trips to Thailand, despite the country’s successful control of COVID-19.

What a load of contrived nonsense!

Oh really?!

 

 

18 minutes ago, webfact said:

Thailand still remains in the cycle of extra-parliamentary politics

Is that another way of saying  D  word we can't use  ?   

8 minutes ago, madmitch said:

What a load of contrived nonsense!

Well, when you look at the reporting source, NNT, which is the government news agency, then you know everything.

Pardon me for saying so, but this entire article stinks of one-sided, biased and contrived government propaganda.

8 minutes ago, Misterwhisper said:

Well, when you look at the reporting source, NNT, which is the government news agency, then you know everything.

I know. I often start reading an article and know that when I reach the bottom those NNT letters will appear.....though I have been fooled once or twice as The Nation appears instead!

More Yak, Yak, Yak from the same place...ass...which so much hot air has eminated from over the last several years!   

In a few months reality will have been twisted and the bad economic

 

performance seen as the result of the protests by youth movement.

 

Whatever fits the purpose.

 

 

On the one hand:

57 minutes ago, webfact said:

The UTCC President Thanawat Polvichai said the latest economic performance projection, at minus 8-10 percent, did not take into account recent political protests, which could continue to affect the perception and confidence among foreigners and international investors, even with the easing of lockdown restrictions.

'which could continue to affect the perception and confidence among foreigners'

 

On the other hand:

55 minutes ago, webfact said:

Regarding the case of a COVID-19 positive Egyptian air force officer, and a COVID-19 positive family member of a Sudanese diplomat, who have been identified outside quarantine, the UTCC president said these cases affect the confidence people have in the government’s safeguard measures to prevent another outbreak.

 

He said these cases present an opportunity for related agencies to improve current measures and close any loopholes that may exist, which will help demonstrate to the general public the government’s capacity to solve problems in a timely manner.

'which will help demonstrate to the general public the government’s capacity to solve problems in a timely manner.'

 

The way it looks to me: If the government don't like it, it's no good. But then the government can spin something they've failed to control to make it sound like it's positive.

Easy to see where the UTCC persons noses and tongues are situated !

economy is down because young students with a brain want a change from this decades long ...

Those protesting incompetence and corruption are always described as the cause of the problems created by the incompetent and corrupt.

5 hours ago, webfact said:

and the images of protests may deter visitors from planning their trips to Thailand

Probably find those same tourists are more concerned there are no guaranteed planes flying, they cannot obtain the immigration requirements and a quarantine period equal to half their holiday !

3 minutes ago, Rancid said:

Those protesting incompetence and corruption are always described as the cause of the problems created by the incompetent and corrupt.

And in many cases, they were the cause. See Yellow Shirts as the prime example. Mobilised by Sondti and his media machine in revenge after his mate Viroj was removed by Thaksin from his post at KTB. Sondti of course being the main beneficiary of Viroj's debt forgiveness programme with over a billion Baht's worth of personal debt forgiven...

 

Shut the country down, took over and shut down international airports, cost the country billions, started a border conflict with Cambodia, forced a military coup and judicial coup of two elected administrations, led to the formation of the UDD and red shirt movement and effectively ensured the cycle of coups and military regimes as we now see.

 

Hobbled Thailand and set the country back decades.

 

Thai lakorn at its best. 

You know a certain poster ending in "100" is bookmarking this article for future use. How convenient! A scapegoat for the terrible economic performance of the government who just happens to be protesting against it!

9 hours ago, Misterwhisper said:

Pardon me for saying so, but this entire article stinks of one-sided, biased and contrived government propaganda.

What can you expect more?

There are many countries in the world who are great in framing.

This country is one of them.

11 hours ago, Misterwhisper said:

Pardon me for saying so, but this entire article stinks of one-sided, biased and contrived government propaganda.

You are pardoned. The truth has set you free.

11 hours ago, Misterwhisper said:

Pardon me for saying so, but this entire article stinks of one-sided, biased and contrived government propaganda.

Indeed, playing the "guilt trip" card!

Thankfully most are able to see this, great that no one on TVF tries to play the "guilt trip" with the CV 19 "agenda", be sad to see the Mask police and thou must have a vaccine brigade trying on the same nonsense and thinking they weren't being used! ???? 

21 hours ago, webfact said:

The UTCC expects the Thai economy to contract more than the initially projected 8-10 percent figure, should the protest be prolonged or become violent.

8-10% is the sugar coated figure put out by ministers to keep things calm... black Friday is coming for the remainder of the year!

15 hours ago, Mr Meeseeks said:

And in many cases, they were the cause. See Yellow Shirts as the prime example. Mobilised by Sondti and his media machine in revenge after his mate Viroj was removed by Thaksin from his post at KTB. Sondti of course being the main beneficiary of Viroj's debt forgiveness programme with over a billion Baht's worth of personal debt forgiven...

 

Shut the country down, took over and shut down international airports, cost the country billions, started a border conflict with Cambodia, forced a military coup and judicial coup of two elected administrations, led to the formation of the UDD and red shirt movement and effectively ensured the cycle of coups and military regimes as we now see.

 

Hobbled Thailand and set the country back decades.

 

Thai lakorn at its best. 

I wasn't aware that Sondti was the sole reason for the demise of Thaksin, but if so kudos to him. Thaksin was, IMO, a stain and <deleted> on Thailand and needed to be removed before he destroyed the country. Pity he didn't go before inflicting the abominable Swampy terminal building on the flying public.

I was wondering why they had allowed public gatherings in the new state of of emergency. Now I know why. 

They can blame the state of the economy on the student protests and not their bad management 

Yeah can't have 'em protests, get the tanks out. Might get lucky and Thailand could get it's own Tiananmen photo. That should lure the tourists in.

A post using a trolling meme has been removed.