Thai Private Sector Calls for Long-term Plan to Revive Economy

[webfact]

 

By Subhabhong Rarueysong

   

BANGKOK (NNT) - The Thai Chamber of Commerce (TCC) has asked the government to come up with a long-term plan for reopening the economy, to reduce the impacts of the COVID-19 pandemic.

 

TCC chairman Sanan Angubolkul said the government needs to rebuild public confidence and prepare a long-term plan to revive the country’s economy. More needs to be done to boost public confidence and to ensure that the economy can recover.

 

He said the government must focus on positive COVID-19-related statistics, such as improvements in recovery rates or the availability of beds, to boost public confidence and convince people to resume their daily routines.

 

Mr. Sanan said the TCC, academic institutions and the private sector are ready to help spread such messages, as well as to support the vaccine distribution, adding that vaccinations, under the City Hall-run “Thai Ruam Jai” program, are slated to reopen for the rest of the year, together with accelerating administration of second doses.

 

-- © Copyright NNT 2021-09-06

 

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[Gottfrid]

Just ask Mr. P! He is an expert on creating 20 year plans.

[RichardColeman]

The problem with rebuilding the economy, is that is cannot possibly be done until tourism is back in full flow. You cannot change direction without an income.

 

What the pandemic has shown is that the Thai government has deliberately turned a blind eye to building any sort of economy other than tourism reliant.

 

We may scoff at Thailand long plans - but with 5-10 years to get tourism back to normal, and then trying to change direction, they may well be looking at a 20 year plan - as much as we think it amusing ????

 

[Rampant Rabbit]

An education without indoctrination of the normal junk would be a  start. never  happen

[zzaa09]

Agriculture, horticulture and green industry should be the revival strong points. 

Screw tourism.

 

[tonray]

1 hour ago, zzaa09 said:

Agriculture, horticulture and green industry should be the revival strong points. 

Screw tourism.

 

"Screw" tourism is exactly the plan they were thinking of in Pattaya.

[ezzra]

Word to the wise, (not that there are any over there at the TCC) start with a plan how to revive the economy NOW, forget the long time, start at the right end and the future will do the rest...

[hotchilli]

3 hours ago, webfact said:

The Thai Chamber of Commerce (TCC) has asked the government to come up with a long-term plan for reopening the economy, to reduce the impacts of the COVID-19 pandemic.

They can't come up with a plan for tomorrow morning... forget long term.

[hotchilli]

3 hours ago, webfact said:

He said the government must focus on positive COVID-19-related statistics, such as improvements in recovery rates or the availability of beds, to boost public confidence and convince people to resume their daily routines

We are now being told daily [backed up by government stats] that recovery rates are exceeding new infections.

Does that not equate to more hospital beds being available?

Or are the stats not the real picture?

[hotchilli]

3 hours ago, Gottfrid said:

Just ask Mr. P! He is an expert on creating 20 year plans.

Only for himself and certain brothers in arms.

[hotchilli]

1 hour ago, zzaa09 said:

Agriculture, horticulture and green industry should be the revival strong points. 

Screw tourism.

 

Your last two words "tourism & screw" has been the mainstay of Thailand for decades.

It seems a Leopard can't change it's spots.

[Nojohndoe]

Would that plan involve de-legislation to remove more barriers for "big money" interests to increase monopolistic opportunities?

[DaveSamutP]

3 hours ago, RichardColeman said:

The problem with rebuilding the economy, is that is cannot possibly be done until tourism is back in full flow. You cannot change direction without an income.

 

What the pandemic has shown is that the Thai government has deliberately turned a blind eye to building any sort of economy other than tourism reliant.

 

We may scoff at Thailand long plans - but with 5-10 years to get tourism back to normal, and then trying to change direction, they may well be looking at a 20 year plan - as much as we think it amusing ????

 

Agree. With a better government, Thailand could have used this crazy last 1.5 years to genuinely invest and prepare as many countries have done. Many were getting manufacturing fallout from China. Some were optimising their airlines, investing in infrastructure, upskilling workers, etc. Thailand has been sat on its bum waiting for foreign tourism. Yes, people will always want to visit Thailand as long as the culture continues to be pleasant, the food delicious, the weather nice and the women fit. But, the country is far too reliant on foreigners. They are increasingly falling behind.

[Gottfrid]

4 hours ago, RichardColeman said:

The problem with rebuilding the economy, is that is cannot possibly be done until tourism is back in full flow. You cannot change direction without an income.

 

What the pandemic has shown is that the Thai government has deliberately turned a blind eye to building any sort of economy other than tourism reliant.

 

We may scoff at Thailand long plans - but with 5-10 years to get tourism back to normal, and then trying to change direction, they may well be looking at a 20 year plan - as much as we think it amusing ????

 

1. They call for a long term plan, not rebuilding before income is back in full flow. (Also remember that tourism is only 18% of Thailand GDP)

 

2. As the GDP of tourism only amounts to 18%, we must assume they already have an economy that stands for the other 82%, right?

 

3. Really? 5 - 1+ years for build up tourism? When Covid-19 settles in about 1 year more, than it will be back after only another 2 years. However, Thailand will never get the same amount of tourism again. That ship has sailed as people already discovered Vietnam and other highly interesting and beautiful places.

[nobodysfriend]

4 hours ago, webfact said:

Mr. Sanan said the TCC, academic institutions and the private sector are ready to help spread such messages

Spreading fake news is a crime in Thailand .

 

2 hours ago, zzaa09 said:

Agriculture, horticulture and green industry should be the revival strong points. 

Screw tourism.

 

Fully legalize Cannabis now . Just as Krathom .

 

https://www.aljazeera.com/economy/2021/9/3/how-will-legal-cannabis-firms-navigate-mexicos-business-risks

 

Quote

There is plenty of money to be made: the size of the medical cannabis market alone in Mexico is expected to reach $249.6m by 2025, according to an analysis by United States-based consultancy Grand View Research.

Quote

Major global cannabis firms such as Canopy Growth, Biomedican and Aurora Cannabis have been keeping a close eye on the legislative developments in Mexico with a view to profit from a countrywide market once the legalisation bill passes.

Quote

For Andres Fajardo, president of multinational cannabis company Clever Leaves, legal cannabis is set to have a nothing less than “transformative” effect on Mexico, “generating proper paying jobs or generating formal employment” along with providing new pharmaceutical options for people in need of medical care

 

[Eric Loh]

Start with no more coup d' etat and maintain political stability; rest will fall in place especially FDI. 

[Isaan sailor]

Instead of letting the Baht creep up daily, try pounding it down, and keeping it there.  The higher the Baht goes—the less chances for a strong economy on all fronts.

[jacko45k]

4 hours ago, DaveSamutP said:

Thailand has been sat on its bum waiting for foreign tourism.

You might not think that driving around Pattaya... traffic might be well down, but the roads are dug up everywhere!

[tomacht8]

 

If one were to confiscate all the assets stolen from the population through illegal activities such as embezzlement, extortion, bribery, corruption, etc., from all persons with inexplicable wealth; and that then distributed among the normal population, Thailand would have an astronomical, economic stimulus program.

 

[BangkokReady]

5 hours ago, ezzra said:

Word to the wise, (not that there are any over there at the TCC) start with a plan how to revive the economy NOW, forget the long time, start at the right end and the future will do the rest...

The problem is the only thing they're really geared up for is tourism.  Any other FDI would require fixing too many problems.

[BangkokReady]

8 hours ago, RichardColeman said:

The problem with rebuilding the economy, is that is cannot possibly be done until tourism is back in full flow. You cannot change direction without an income.

 

What the pandemic has shown is that the Thai government has deliberately turned a blind eye to building any sort of economy other than tourism reliant.

 

We may scoff at Thailand long plans - but with 5-10 years to get tourism back to normal, and then trying to change direction, they may well be looking at a 20 year plan - as much as we think it amusing ????

 

Have they ever actually built any industry?  As in purposefully created a sector and then seen it take off?  Or is it mainly passive and reactive?