Govt urged to launch long-term packages instead of handouts to help public, business

[webfact]

Govt urged to launch long-term packages instead of handouts to help public, business

By The Nation

 

 

The private sector is calling on the government to launch long-term packages instead of relying on short-term handouts to help businesses, especially since up to 3 million people are expected to lose their jobs soon.

 

Tanit Sorat, vice president of the Employers’ Confederation of Thai Trade and Industry (EconThai), said businesses that were struggling to survive should be supported, while companies that are comfortable should be encouraged to keep their employees.

 

Businesses should be categorised based on their needs so the authorities can help them effectively.

 

Tanit added that just providing soft loans will only result in financial institutions facing the problem of non-performing loans in the future.

 

“Businesses that rely on foreign tourists should not be provided with heavy aid until there are signs of foreigners returning, but those that depend on domestic tourism can be provided with subsidies to alleviate the situation,” Tanit said.

 

He also advised that the debt repayment period be postponed for companies in the industrial sector, adding that financial institutions need to know which of these firms will survive. He said at this point, state agencies can step in and provide a new source of funding.

 

“The packages should focus on proper financial aid,” he said, adding that the number of unemployed may hit 3 million because the tourism industry is not expected to recover until next year.

 

Source: https://www.nationthailand.com/news/30394500

 

-- © Copyright The Nation Thailand 2020-09-14

 

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[mark131v]

That would take planning, forethought and a level of intelligence

 

Where exactly are they expecting to find that level of professionalism amongst the present inept buffoons in charge, just ain't gonna happen....  

[hotchilli]

19 hours ago, webfact said:

Govt urged to launch long-term packages instead of handouts to help public, business

They only have short term knee jerk reactions... Thailand is well known for them.

[chilli42]

There is not political advantage to doing something sensible

[joebrown]

I find it quite sickening to see the military (government) handing out those khaki goody bags to flood/tornado victims.

Talk about short term measures to appease the 'sheeple' when long term solutions are required.

Maybe some of these victims would be better off enjoying a couple of weeks all expenses paid holiday relaxing in the comforts of the newly opened Military Hotel in Hua Hin ?

[Orton Rd]

Noticed the last couple of weeks far less customers in the local BigC and central mall, looks like people are really starting to feel the pinch. Foodland is still busy with the better off, maids pushing the trolleys around for madames, but even that is closing midnight to 7am