Amata reports plummeting sales, urges govt to reduce quarantine period to 10 days

By THE NATION

 

 

Amata Corporation Plc, operator of several industrial estates, has estimated that the company would sell only 10-15 new factories this year, while sales before the Covid-19 crisis were 30-50 factories per year, with the highest recorded sales being 102 factories.

 

“We had set the land sales target this year at 950 rai and are unlikely to achieve it by the year-end,” said Amata’s chief marketing officer Viboon Kromadit.

 

“We would like the government to implement the measure proposed by the Public Health Ministry to reduce the mandatory quarantine period from 14 to 10 days as soon as possible to help foreigners who are interested in investing in Thailand,” he said.

 

“The outbreak is deadly, but the impact on the economy due to a lack of foreign investment could be deadly too if the government continued to enforce strict quarantine measures,” he said. “Our neighbours are relaxing measures in order to ensure their economic survival.”

 

Viboon said the company has set a sales target of 30-40 factories next year.

 

“Whether we can achieve this depends on factors such as the political situation, quarantine measures and the availability of a Covid-19 vaccine,” he said.

 

“Easing up domestic lockdown will help boost economic activity. Factory owners have reported increasing production capacity to 60-80 per cent lately, compared to earlier this year when capacity had been limited at 20-30 per cent due to intensive lockdown measures and a prohibition on travel,” Viboon said.

 

“We are positive that foreign investors are still eying Thailand as their destination and have not moved elsewhere, but they are just slowing down their investments while judging the political climate and virus situation in Thailand. That’s why the government needs to reduce the quarantine period as well as promote the travel bubble campaign to attract foreign investors,” he added.

 

Source: https://www.nationthailand.com/business/30398551

 

-- © Copyright The Nation Thailand 2020-11-25

 

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Its highly unlikely that 4 days less quarantine would make any difference to people who might want to spend their investment monies on a new factory somewhere in Thailand , i personaly (if i ever had any money) would look for an existing business to invest in rather than a startup with a new factory and all the added expenses .

Seems odd.

If someone or several people really want to invest and are coming to invest millions in a factory, why would 4 less days in quarantine matter?

28 minutes ago, webfact said:

“The outbreak is deadly, but the impact on the economy due to a lack of foreign investment could be deadly too"

 

He shows the typical Thai paranoia about Covid. The outbreak is not deadly, but it could be deadly in around 0.4% of the cases, according to Prof Hendrick Streeck (one of the leading European specialists on Covid), mainly involving old and vulnerable people. With that, it is a serious disease, which is around 4 times more deadly than a common flu with around 0.1% of infected people dying. And as cases occur mainly in cold and wet environments, to say sweepingly it "is deadly" is misguiding.

Even if they were to reduce it to 10 days, what sane person - business traveller or your average Joe Soap holidayer - would want to spend so long holed up? 

19 minutes ago, djayz said:

Even if they were to reduce it to 10 days, what sane person - business traveller or your average Joe Soap holidayer - would want to spend so long holed up? 

For business if serious.. yes.. tourists no way.

 

But now the economy is up and running much better as when there was lockdown. We have seen lockdowns comming back in Europe so its not strange to think the same will happen in Thailand.

 

So the question is what is better for Thailand going on like now at 70% or so with no risk of lockdowns or opening the borders but with chance of lockdowns that destroy the economy more.

 

IMHO leave it as it is vaccines are coming soon people can come in vaccinated will take a few months but at least those months are months of safety.

 

My opinion of course.

3 hours ago, webfact said:

“We are positive that foreign investors are still eying Thailand as their destination and have not moved elsewhere, but they are just slowing down their investments while judging the political climate and virus situation in Thailand. That’s why the government needs to reduce the quarantine period as well as promote the travel bubble campaign to attract foreign investors,” he added.

This man Viboon has caught the TAT ( Dream on syndrome )

Whether to Invest in Thailand has Zero to do with 14 or 10 Days Quarantine, or any Travel Bubble.

Foreign Investors are holding back their Investments due to Feasibility Studies into various options there are available to them in SE Asia. ( or other Regions )

Large Investors require the Maximum return on their Investments , in the least time possible, and I really think Thailand cannot offer that right now, or will be able to do so into the near future.

Many Countries now here in SE Asia, are offering far better options for doing Business, due to signing up to Free Trade Agreements and the TPP, along with more highly Educated and Skilled Workers, and less Red Tape Etc.

6 hours ago, webfact said:

“We would like the government to implement the measure proposed by the Public Health Ministry to reduce the mandatory quarantine period from 14 to 10 days as soon as possible to help foreigners who are interested in investing in Thailand,” he said.

4 days lees quarantine has nothing to do with preventing investment in Thailand...

All the red tape that they spew out has.

Awwww, won't Mr. Viboon be getting his new Mercedes this year because those bad, bad foreigners are not buying his factories as they are effectively locked out by the government? That's so sad.  

13 hours ago, webfact said:

“We are positive that foreign investors are still eying Thailand as their destination and have not moved elsewhere, but they are just slowing down their investments while judging the political climate

He recommends chopping  quarantine by 30% but where is his recommendation for fixing this political climate.   This civil unrest would pretty much rule out investment in a factory  no matter the ROI.

 

Get  with it stupid  people.   The young are brave enough to speak out why can't some of these other people say it out loud?

Some off topic deflection posts and replies about the USA have been removed.

Vikron is worth  Approx 100m USD, am sure selling a few less industrial building won't financially ruin him.

20 hours ago, webfact said:

“We are positive that foreign investors are still eying Thailand as their destination

The Chinese are positively salivating at all the bankrupt companies and forced property sales.