Thailand must reopen as soon as possible but “without bells and whistles” if it wants to survive
The Thai industry federation, the FTI, fears that tourists may not be interested in Thailand if the country takes too long to open its doors.
FTI chairman Suphan Mongkolsuthee said it is safe for Thailand to open as 40 to 50 per cent of the population has been vaccinated.
Also, he said, the number of daily cases has fallen and Thailand has the facilities to treat Covid19 patients. However, he said authorities should speed up vaccination coverage in businesses before reopening the country.
Suphan predicted that Thailand’s gross domestic product will grow by less than 1 per cent, as the number of tourists visiting under sandbox schemes was lower than expected.
He said that while the economy is showing signs of recovery and economic activity has resumed after the lockdown has been lifted, the government still needs to lend a helping hand to small businesses. He said most SMEs cannot reopen due to liquidity issues.
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