Thai govt economic team positive new COVID-19 surge will be contained

[webfact]

Govt economic team positive new COVID-19 surge will be contained

 

   

BANGKOK (NNT) - In light of the economic downturn resulting from the original COVID-19 outbreak, concerns have been raised again following a report of a new outbreak in Thailand, with more than 1,000 cases now being linked to a shrimp market in Samut Sakhon. The government’s economic team has reassured the public that Thailand is capable of handling the new crisis, with a safe treasury balance and more economic stimuli by the government in the pipeline.

 

Deputy Prime Minister and Minister of Energy Supattanapong Punmeechaow has commented regarding the new wave of COVID-19 cases in Thailand that it will take at least a week for the situation to be fully assessed, however he believes the situation will soon be under controlled, based on the excellent operations of the initial outbreak.

 

The Minister of Energy said today the government will be pursuing its economic stimulation measures, including the 50:50 co-pay campaign, increased state welfare card allowance, and tax discounts, that have helped the Thai economy to perform better than expected this year.

 

He said the government will be expediting infrastructure investments and creating confidence among new and international investors, in the expectation of seeing big investments in late 2021 or by 2022.

 

The Minister of Finance, Arkhom Termpittayapaisith said today that the Ministry of Finance has set its priorities for next year as a time of economic recovery, by implementing active economic operations alongside the disease control operations.

 

He said the Ministry of Finance has started its operations by helping laid-off or furloughed persons, merchants affected by lockdown measures, and people who have had their income affected by the crisis, to be followed by the taking out of 1 trillion baht emergency loan to support the healthcare system and other sectors, as well as encouraging economic recovery through economic and shopping stimulation campaigns.

 

Mr Arkhom said the government now has a 3 trillion baht budget for the year 2021, plus a 560 billion baht treasury balance. He expects this amount of funds can be managed without a problem, and that the Thai economy will recover from this crisis as fast as its recovery in 1997.

 

-- © Copyright NNT 2020-12-24

 

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[RichardColeman]

53 minutes ago, webfact said:

and that the Thai economy will recover from this crisis as fast as its recovery in 1997.

I actually think the Thai economy could recover quickly BUT, not if the whole world shut downs go on much longer.

 

Simply put there comes a point when some things are beyond recovery.

 

In uk , I cannot see those in Tier 4 coming out of that tier until the vaccine is being high distributed and making a difference - and that aint likely to be for about 4 months atleast. I can easily see 20-30% of all London shops and offices gone by then. The longer it goes, the more damage. Already thousands of Thai businesses have gone.

 

I've yet to see a fully worked out forecast from the government of Thailand as to where that critical point is.

 

 

[alyx]

11 minutes ago, RichardColeman said:

I actually think the Thai economy could recover quickly BUT, not if the whole world shut downs go on much longer.

 

Simply put there comes a point when some things are beyond recovery.

 

In uk , I cannot see those in Tier 4 coming out of that tier until the vaccine is being high distributed and making a difference - and that aint likely to be for about 4 months atleast. I can easily see 20-30% of all London shops and offices gone by then. The longer it goes, the more damage. Already thousands of Thai businesses have gone.

 

I've yet to see a fully worked out forecast from the government of Thailand as to where that critical point is.

 

 

Thank you for pointing that out as thé rest of the world’s recovery is quintessential to the well being of any given country’s economy. That being said, some countries will fare better than others, depending on how they  adapt to this new world. 

[ozz1]

here we go a economic team giving health advice 

[alyx]

1 minute ago, ozz1 said:

here we go a economic team giving health advice 

I think that the title is misleading as the minister’s personal thought was used and taken out of context. The whole article is about economy not about the stance held by the government when it comes to health regulations. 

[bodga]

All unable to wear those  masks that  they tell us  we  must

[ThailandRyan]

1 hour ago, webfact said:

He said the government will be expediting infrastructure investments and creating confidence among new and international investors, in the expectation of seeing big investments in late 2021 or by 2022

Wow these guys really think the world is waiting on investing in Thailand.  So much Hubris to believe they are the center of the universe and everyone wants a piece of Thailand. Just Incredible. 

[alyx]

2 minutes ago, ThailandRyan said:

Wow these guys really think the world is waiting on investing in Thailand.  So much Hubris to believe they are the center of the universe and everyone wants a piece of Thailand. Just Incredible. 

To ne fair, it is written that they will do their best to attract investment as «expectations » tends to be a projection rather than a fact. 

[sammieuk1]

Is the minister left wearing a new permanent rottweiler mask or is he just trying to scare covid to death ????

[YetAnother]

2 hours ago, webfact said:

The government’s economic team has reassured the public that Thailand is capable of handling the new crisis

these experts on virus control commenting, ASSuring us,  on virus control, at the same time, saying 'it is too early to tell' ????

[ChrisY1]

Donald Trump also kept repeating that is easily managed, and turning the corner.....!

Thailand can't manage their borders after decades.....and certainly can"t manage corruption.

[dcnx]

What does the economic team have to do with virus containment?

 

Just ask TAT what’s going to happen.

Edited December 24, 2020 by dcnx

[smedly]

4 hours ago, webfact said:

Govt economic team positive new COVID-19 surge will be contained

at what cost and when, seems to me we are heading right back to the start of this year for a repeat of lockdowns curfews bar closures across the country

[smedly]

2 hours ago, alyx said:

To ne fair, it is written that they will do their best to attract investment as «expectations » tends to be a projection rather than a fact. 

they are protectionists - those in charge want it all for themselves 

[hotchilli]

6 hours ago, webfact said:

The government’s economic team has reassured the public that Thailand is capable of handling the new crisis, with a safe treasury balance and more economic stimuli by the government in the pipeline.

I'll take that along with a pinch of salt, extra large whisky and a mince pie.

[connda]

Come on Thailand.  Be a team player.  Up until now you have chosen not to test.  So now?  Implement wide-spread testing, panic, find cases, and lock Thailand down like the rest of the world (well, except for China who seems to be doing dandy).

[tomauasia]

Is there a team picture surrounding the card reader. Or did they use a crystal ball.