Businesses may face a bleak future

  • Thailand
  • Sunday, 12 Jul 2020

About one-third of tourism business operators in the country will run out of liquidity to keep their businesses afloat in the second half of 2020, Tourism Council of Thailand president Chairat Trirattana-jarasporn has warned.

“The impact of Covid-19 will be felt in the third quarter this year after operators find the situation hasn’t improved because no foreign tourists are allowed into the country yet,” he said.

“The council estimates that in the next three months up to 30% of tourism-related businesses will be at risk of shutting down permanently.

“The council had a meeting with Prime Minister Gen Prayut Chan-o-cha on Friday and proposed five measures to help tourism business operators.

“These measures are: providing soft loans to tourism entrepreneurs; considering moving the schedule up to open the country to foreign tourists; offering discount on electricity bills; having the Social Security Office extend the compensation payment to temporarily unemployed staff, and reducing the employer’s contribution to Social Security Fund from four per cent to one per cent.” — The Nation/ANN

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