Summary of AMCHAM Business Today Video Conference for May 8

Summary of AMCHAM Business Today Video Conference for May 8

Cabinet Resolutions

  • The government plans for the next round of easing disease control measures and reopening larger premises on May 17 while maintaining restrictions on returnees and efforts to reduce crowd gatherings.
  • The popular weekend flea market, Chatuchak, will resume operation this Saturday from 5am – 6pm after being closed for over a month.
  • CAAT has granted permission to 28 airports in Thailand to resume domestic services, but they are still banned from taking inbound international flights.
  • The Digital Economy and Society Ministry is seeking to postpone the Personal Data Protection Act for at least one year since many companies are having issues adjusting their systems during covid-19.
  • The Tourism Council of Thailand is preparing to start its “We Love Thailand” campaign to stimulate domestic tourism by promoting new local products and attractions.
  • The cabinet has accepted the proposals to offer 20% discounts on water bills until the end of June, while those in Bangkok, Nonthaburi and Samut Prakan will get an additional waive on the first 10 cubic meters of water.
  • Education Minister Nataphol Teepsuwan confirmed that the reopening of all state schools for the new academic year will be on July 1. If the situation does not improve by then, a system of long-distance learning will be implemented instead.

 

Travel and Tourism

  • A member in the travel and tourism industry stated that tourism in Thailand has taken a big blow and this will impact the economy later this year, especially when travel and tourism contributes over 21.6% to Thai GDP.
  • They expect domestic travel to return first along with the new “We Love Thailand” campaign but are looking forward more to when international demand begins to start again as it takes up over two-thirds of the tourism market.
  • Thailand is expecting a drop of around 5 million tourists this year, coming at a loss of 250 billion Baht in revenue.

 

Employee Support

  • Members have expressed relief that some of their workers who applied for the unemployment benefits announced by the Social Security Office have finally received payments.
  • People were supportive of the request by the ATTA urging the Prime Minister to extend the compensation payment for workers to be more than 90 days.
  • Some companies are still operating business as usual by bringing all the necessary workforce to their offices and factories and allowing the non-essential group to work from home.
  • Others are reducing their staff numbers, closing their stores on Fridays and reducing working hours to minimize and limit revenue loss from covid-19.
  • Some members made it clear that it would not be possible to recruit any staffs or add hours back unless the situation gets better by the end of May.

 

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