måndag 19 april 2021

Reader Talkback Results: How long do you think the current round of Covid-19 infections and cases will last in Thailand? Sunday, 18 April 2021, 12:29 - Pattaya News


The following is our exclusive weekly feature in which we ask our readers a news topical question and then give you a week to answer it on our various channels, compiling a diverse range of answers and opinions to present.

Last week, we asked you the following:

Here is what you, our readers, had to say as our editors selected some of the most diverse responses to highlight different points of view.  Do you still want to chime in? Here is how:

  Let us know in comments, on our social media, or mail us at Pattayanewseditor@gmail.com.

Kevin B-We can live with covid and all the variant's around and just accept the fact people shall die and get on with life!

Gary R-(In response to Kevin B) You're probably young and low risk. You don't speak for high-risk people, who you obviously care little about.

John D-Looking at how many Thais are ignoring wearing masks, social distancing, and having parties, I think this pandemic will last 6 months (at least).

Roberto-My guess is 4 weeks and bars will not reopen.

Fredirukus-Nobody really knows. It depends a lot on how people behave

Jason W-Imho – We haven't seen the worst of it just yet, a week or two after the current holidays finish up we will see an explosion in numbers when life settles back down in their lives. I think it was an error allowing cross-country travel with an outbreak as we had. This will be the hardest lockdown to come.

Phill Ryan-Think be2 months as a big decision and cost shutting everything, So do it properly ……

Frank-Until every one is broken

Henri L-It will last for a long time(many months); the B117 strain(3rd wave)is much more infectious than the previous strains during 1st & 2nd waves. If the situation gets worse be prepared for partial/selective lockdown by zones. Entertainment venues (super spreader spots)closure: minimum 2 months

Ty T-This time last year, Thailand had a 7 day average of 50 new infections, and everything was locked down and restricted. Today, the 7-day average is over 500 with close to 1000 new infections in the most recent count. Yet, only entertainment venues are closed. And for some reason or another, you don't hear about migrant workers anymore. What's really going on?

Nassar A-The only solution to limit the spread of the pandemic is by increasing the daily vaccination rate. Any measures or solutions other than that will not curb the pandemic, and unfortunately, this needs two years.

Steven L-1/2 months everyone got to live with the Covid it will never go away is there for many many years can't keep lockdown forever not good for people business or their health problem

Jackie J-The situation is a lot worse than a year ago, the restrictions are a lot less. The governments' approach has changed. It looks like they realize they're gonna have to live with it to some extend. The current round of infections may not end at all. Pattaya's bars are the least of the governments' worries, but Thailand does need tourists. I don't think there will be a total lockdown again. So much from my crystal ball.

Martin P-More tests more covid, how longs a piece of string?

The Chonburi Department of Public Health announced 98 new and confirmed cases of Covid-19 this morning in the popular province that includes Pattaya - Pattaya News



Chonburi, Thailand-

The Chonburi Department of Public Health announced 98 new and confirmed cases of Covid-19 this morning in the popular province that includes Pattaya.

The districts that cases were found in are as follows: Mueang Chonburi 24, Si Racha 11, Banglamung (Pattaya area) 49, Sattahip 2, Ban Bueng 4, Pan Thong 2, Bor Thong 2, and 1 case from other provinces brought for treatment.

The details for cases located in the past 24 hours are as follows:

5 cases of COVID-19 from the Flintstone Pub in the Don Hualor sub-district of Mueang Chonburi (since April 6th 2021, a total of 151 cases from this venue).

  1. From other entertainment venues:
  2. 2.1 Cetus Pub 1 case
    2.2 Friend Zone 1 person
    2.3 Queen Club 1 person
    2.4 Mountain Bar Sattahip 1 person
  3. Medical personnel 2 persons
  4. Infected with COVID-19. From traveling to Rayong province 1 case
  5. 39 family members of previous Covid-19 patients infected with COVID-19
  6. Under investigation, 47 cases

In the past day, a total of 544 close contacts were tested, and 75 more proactive ones were searched for Covid-19. All are waiting for their test results and currently in isolation.

Authorities are asking for residents to work from home if possible, avoid crowded places, wear masks at all times outside, practice social distancing, limit their contacts with people outside of their household, and follow other Covid-19 precautions.

Additionally, authorities are specifically warning people returning to work from Songkran to work from home if possible for two weeks. If not, they should avoid eating with other staff members, wear masks, keep their distance, and follow other Covid-19 precautions at work.

Yesterday started the first day of stricter precautions and restrictions for the Chonburi area. You can read more about these restrictions here.

https://thepattayanews.com/2021/04/17/chonburi-province-releases-provincial-orders-lots-of-additional-covid-19-closures-and-restrictions-implemented-starting-april-18th-2021/





High demand for COVID-19 screening after 20 infections related to Ayutthaya market - PBS World



Health officials in Thailand's central province of Ayutthaya have expanded COVID-19 screening to 800 people at high risk in Muang district, after 20 people, linked to the central farmers' market, were found to be infected, prompting health officials from the Disease Control Department and Ratchathani Hospital to target screening on traders in the market.

Many other people have, however, applied for the free screening, but there are not enough test queue tickets for all of them, said a health official, adding that authorities have been discussing how to deal with this problem.

The central market is located on a 1.6 hectare plot on the in-bound Asian Highway in Hantra sub-district. It contains over 100 shops and is well known for grilled seafood.

The market remained closed today, as most traders are due for screening.

In the eastern coastal province of Chon Buri, 120 new COVID-19 cases were recorded today (Sunday) as health officials appeal for visitors to entertainment outlets, in Bangkok and its suburbs, to report for screening, to prevent the disease from spreading further.

Cumulative infections in Chon Buri, since April 1st, are 1,185, with 1,176 of them are still undergoing treatment.

More than 700 people are to be screened today.



Thailand has approved a list of eight Covid-19 vaccine makers, including Sinovac Biotech Ltd. and Pfizer Inc., for foreign visitors seeking to shorten a mandatory quarantine on arrival. Thai Visa / Bloomberg

Thailand Endorses Specific Vaccines for Foreign Tourists

By Prim Chuwiruch

 

_1x-1.jpg

A near empty Suvarnabhumi Airport in Bangkok on March 22.

Photographer: Andre Malerba/Bloomberg

 

Thailand has approved a list of eight Covid-19 vaccine makers, including Sinovac Biotech Ltd. and Pfizer Inc., for foreign visitors seeking to shorten a mandatory quarantine on arrival.

 

Visitors to Thailand will need to upload copies of the vaccination certificates on the website of the nation's foreign ministry prior to arrival to reduce the quarantine period to seven days. Those without vaccinations will still need to undergo 10 days of isolation and visitors from countries including South Africa will be subject to a two-week quarantine.

 

The list of approved vaccine makers are Sinovac, AstraZeneca Plc, SK Bioscience Co. Ltd., Pfizer, BioNTech SE, Serum Institute of India, Johnson & Johnson, Moderna Inc. and Sinopharm Group Co.

 

Full story: https://www.bloomberg.com/news/articles/2021-04-09/thailand-endorses-vaccines-by-eight-makers-for-foreign-tourists

 

Bloomberg.jpg


söndag 18 april 2021

Thailand May Push Back Reopening For Vaccinated Travelers - Simple Flying

Thailand May Push Back Reopening For Vaccinated Travelers

Thailand may have to push back the reopening of Phuket to vaccinated travelers. Planned for July, Thailand hoped to reopen the popular island to tourists as a part of its pilot scheme. However, with cases rising and not enough vaccines available, the government is now considering pushing back the reopening date.

Suvarnabhumi Airport
A new date for the reopening is yet to be announced for now. Photo: Getty Images

Under review

According to Bangkok Post, Thailand's tourism ministry has signaled that it is looking to push the date of Phuket's tourism reopening. Phuket was all set to reopen on July 1st to vaccinated tourists as a part of a "sandbox" pilot program. However, since then, Thailand has been hit with a double whammy.

Recent days have seen the country's cases soar to their highest ever, with the country seeing over 1,500 daily cases. This is a stunning reversal for Thailand after its success in limiting local transmission of the virus during much of 2020 and battling two waves of cases successfully. However, the rising cases mean that the government must reassess its reopening plans. Currently, Thailand has 42,352 cases and 101 deaths.

Emirates President 'Shocked' At Demand For Premium Economy

Thai Airways Boeing 747-400 about to complete a domestic
Thailand has seen its tourism industry severely hurt by the lack of international visitors, and now, even domestic ones. Photo: Getty Images

While the cases might seem low by international standards, it has been a huge cause for concern in the country. In addition to the cases, Thailand's vaccine rollout has been slowed as well. While the country originally planned to focus supply to Phuket and vaccinate 70% of the province's population by June, rising cases mean that limited vaccine supply must go to other provinces as well.

Smaller focus

Understandably, Thailand is trying to salvage the reopening of Phuket instead of an indefinite delay. In a statement, Tourism and Sports Minister Phiphat Ratchakitprakarn said,

"We are concerned about the reopening timeline. We still need to discuss the vaccine administration plan. If the herd immunity goal cannot be achieved, we may have to consider opening only certain areas in Phuket."

Thai Airways getty
Thailand could decide only to reopen parts of Phuket to visitors, but that plan faces challenges as well. Photo: Getty Images

While narrowing down the areas open to tourists could help, the government is unsure if travel bubble countries will agree to the proposal. If cases remain high, countries could opt not to form agreements with Thailand, hurting the recovery.

We will know more about the dates and details of the Phuket sandbox following a government meeting next week. For now, the July 1st reopening timeline seems to be in serious danger of being missed.

Stay informed: Sign up for our daily and weekly aviation news digests.

Perils

2021 was meant to mark a fresh start for travelers and tourism-reliant economies around the world. With vaccines now approved, airlines were excited to roll out busy summer schedules to cater to demand. However, the reality has been far from this optimistic image.

Vaccine supplies remain low and countries globally are battling a new of cases that is proving to be larger than the last. While there have been some glimmers of hope for vaccinated travelers, we are far from a global reopening that was once hoped for.




More field hospitals - PRD


  The Bangkok Metropolitan Administration (BMA) is establishing field hospitals to meet the rising number of COVID-19 cases. The BMA has already set up field hospitals around the city, with another due to open on 19 April. They are located at Bang Khun Thian Geriatric Hospital, with a capacity of 500 beds; Ratchapipat Hospital in Taweewattana district, with a capacity of 200 beds; Bangkok Arena Sports Complex in Nong Chok, with a capacity of 350 beds; and the 84th Anniversary Stadium in Bang Bon district, with a capacity of 200 beds. Currently, the BMA has plans to add 500 more beds to Bang Khun Thian Geriatric Hospital. Those who test positive for COVID-19 but have yet to find a hospital can call hotlines 1668, 1339, or 1669 for assistance.
     Meanwhile, the Ministry of Defense is preparing several areas to accommodate patients at 24 military bases and facilities. In cooperation with the Ministry of Public Health, the ministry is expected to have around 5,300 beds available. The Ministry of Higher Education, Science, Research, and Innovation also ordered universities and medical schools under its supervision to prepare spaces and convert them into temporary care facilities. The latest report said 23 schools have already set up field hospitals, with a combined capacity of over 7,500 beds.

Source: https://prbangkok-eng.com/index.php/2021/04/10/bma-field-hospitals-are-ready-to-
accommodate-covid-19-patients/


How to avoid civil-war in Thailand - Bangkok Jack / The Nation


The red shirts and yellow shirts have clashed repeatedly, for decades, throughout Thailand

The olive branch has been extended and accepted across the red-yellow political divide in #Thailand over recent years. Let's hope it lasts

Political polarisation is in fact common in most countries, at least on some issues. It becomes a serious problem only when disputes lead to violence.

It's often the case that the leaders of rival groups are to be blamed for inciting hatred and fear. And they do so in the hope it will help them stay on in power.

Thailand has never experienced civil war or violent geographical division, as was the case on the Korean Peninsula six decades ago.

Let us learn from the mistakes of countries that failed to curb conflicts between rival groups that led to armed combat and eventually full-blown civil wars.

If they could turn back the time, certainly most people in such countries would have wanted to see war averted.

War causes sufferings on both sides, and the impacts is worst for the people who have to experience the losses and damages caused by their compatriots.

In war-torn nations of Africa and the Middle East, armed battles have displaced millions of people, in addition to causing deaths, disabilities and exoduses of refugees.

Any severe conflict that threatens to break a country apart will be damaging to the majority of citizens.

Certain families or groups of people might benefit from national division – they can use it to mobilise support from either side or use the division as an excuse to seize political power. So it's a good idea for the conflicting sides to reconcile.

Their leaders should at least come together and try to settle their differences.

The Jack Report – Understanding Thai Politics

There is a good opportunity for Thailand now that the people seem to have seen the "true colours" of the players behind the lingering conflict.

We hope this new attempt to bury the hatchet succeeds. But it will require sincerity and determination on both sides.

If they genuinely consider the public interest and place it over personal benefit, the red and yellow leaders will enjoy widespread support for their causes.

The real benefit for the country as a whole would be peace and wellbeing.

These goals will never be met as long as large portions of the populace remain obsessed with a conflict that has continued for a decade and more, steadily weakening our economy and global reputation. – The Nation 


Thailand is the world’s most UNFAITHFUL country - Bangkok Jack


The choice is yours...

Traditionally having an affair was a big taboo but with the rise of extra-marital dating sites and a more open-minded attitude towards sex in general that may no longer be the case.

Website The Richest crunched data from hook-up sites and Durex condoms to reveal the nationalities most likely to cheat.

But it seams having a steamy affair is not always as taboo as might be expected and the list shows the countries which are most often cited as having illicit affairs.

10. Finland 36%

Just scraping into the top ten Finland has an interesting view when it comes to having an affair.

The liaisons are called 'parallel relationships' and society is relatively open-minded when it comes to having a bit on the side.

A survey by Match.com found one in five married men had had affairs with at least ten women – seven times the rate among women.

9. United Kingdom 36%

The British aren't traditionally known for their fiery sex lives with other more passionate countries mocking our cooler national

But that may have changed.

In fact the owner of a leading website, Ashley Madison, which helps arrange extramarital affairs claims at least 1 million Brits are interested in cheating on their partners.

It's probably little comfort for concerned partners that Britons who cheat are far more likely to feel guilty than their European counterparts.

8. Spain 39%

The southern European country is associated with having a passionate and fiery temperament so it is perhaps surprising that Spain does not feature higher up the list.

However, while the influence of Spain's Catholic Church is waning, it seems to still hold some sway since extra-marital affairs remain somewhat taboo in the country.

7. Belgium 40%

According to magazine New Europe, Belgian married dating website Gleeden boasts 1.1million members, with advisor Chantal Bauwens saying cheating is no longer taboo in the country.

She said: 'It is no longer a "wrong" that allows the injured party to request separating due to the wrongs of the infidel,' she says. 'Is your spouse cheating on you? Yeah, so? Do the same or divorce!'

6. Norway 41%

According to dating website Victoria Milan which caters for married men and women looking to play away, Norwegians are less likely to use the site during the cold winter months.

But when the mercury rises it seems that so does Norwegians promiscuity.

5. France 43%

The Gallic people have always been thought of as fairly open-minded when it comes to matters of the heart.

In fact the traditional l'heure bleue refers to the hour after work when men would go and visit their mistress.

France is the only country in which most people believe affairs are morally acceptable and only 28 per cent of adulterers said they regretted their affairs.

When President Hollande was accused of nipping off on a scooter in the middle of the night to see his mistress his poll ratings, rather than take a nosedive, actually went up.

4. Germany 45%

It might come as a surprise that the Germans are more likely than the French to have affairs.

But it seems the French have some frisky neighbours who are perhaps just more discreet about playing away from home.

3. Italy 45%

The country that gave us the original ladies man Giacomo Casanova famed for bedding hundreds of women lays a strong claim to third place in the world ranking.

Italy also elected Silvio Berlusconi known as much for his Bunga Bunga parties as for his politics.

But it doesn't seem like the Italian's adultery is harming marital relations.

Although it has risen in recent years the country still has one of the lowest rates of divorce of any nation.

2. Denmark 46%

The Scandinavian country always scores highly on ratings which judge the happiness of its citizens, but it seems they also score highly when it comes to adultery.

Although it seems that the activities of those living in the capital Copenhagen maybe pushing up the average rate.

More than one-third of people residing in Copenhagen have been unfaithful to their partners.

Despite that almost half those who are married admit having an affair.

1. Thailand 56%

But it's Thailand which grabbed the top spot with 56% of the population admitting to being unfaithful.

Thailand has a whole host of being unfaithful including the traditional mia noi (minor wife).

The younger generation also enjoys the casual GIK culture where men and women have extra friends they spend time with aside from their partners. Not all of these relationships are sexual.

There has also been a growing sex-for-sale culture which is mainly aimed at men in massage parlours, clubs and brothels.

But in 2012 when a Durex survey suggested women were more adulterous than men they faced a backlash from the Thai media.

Of course just because a country doesn't feature in the top ten it doesn't mean there aren't plenty of men and women sneaking around there.

After footage of two office workers caught in a steamy encounter in New Zealand went viral it's perhaps surprising the southern hemisphere country didn't make the top ten. 

18/4 - uppdelat på provinser



18/4. Bekräftade siffror



Restrictions from today



Fears are rising that the government may not have the resources to cushion the effects of the third wave of the virus, currently spreading within key population centres, if it is not brought under control. There are also indications that it may pose a setback to the kingdom’s plans to reopen to foreign tourists in 2021 which will leave the country in an even more fraught economic situation. Thai Examiner

3rd virus wave now spells not just economic loss but financial danger as kingdom's debt level rises
ThaiExaminer.com - Join our Thai News Social network and keep an eagle eye on Thai News

Fears are rising that the government may not have the resources to cushion the effects of the third wave of the virus, currently spreading within key population centres, if it is not brought under control. There are also indications that it may pose a setback to the kingdom's plans to reopen to foreign tourists in 2021 which will leave the country in an even more fraught economic situation.

The third virus wave may be a calamity for Thailand if it manages to keep spreading within the 18 red zones or provinces which are also key centres of population and economic activity. The economic threat looming comes after more than a year of economic contraction. It now presents the government not only with another prospect of lost GDP but also danger as its budgetary room for manoeuvre is limited with a rising deficit, large numbers of asset-backed loans in the tourism sector that have been waiting for a strategically important asset warehousing scheme to be launched at the same time as reopening the country to a large number of foreign visitors again.

3rd-virus-wave-spells-economic-danger
The Prime Minister, Prayut Chan ocha, over the weekend, tasked key agencies with sourcing more vaccine doses from the United States and Russia where the Sputnik V vaccine has been reported as having a 91% efficacy rate. It comes as the Centre for Covid-19 Situation Administration has announced a tightening of restrictions on business concerns particularly in the 18 red zones of infection from the third wave of infection including the closure of schools. Economic concerns are growing with fears that a reopening of the kingdom to foreign tourism will be set back with plummeting consumer confidence spelling further damage to domestic spending.

'It's too early to say.' 

These were the words of Bank of Thailand senior director Chayawadee Chai-Anant even before the extent of this massive third wave became apparent, on Friday, April 9th as she warned the economy may have contracted in the first quarter and that conceivably, this year, 2021 could see another sharp economic setback for Thailand.

There are growing fears for the Thai economy as the scale of this third wave of the virus emerges and the government grapples with its implications. 

Third-wave could see a sharp contraction in the second quarter of 2021 as it hits the economy's heart

Senior economists are now openly suggesting that the second quarter of 2021 will see a sharp contraction of the economy as well as what is believed to be a contraction in the first quarter after the loss of the foreign tourism industry hit Thailand particularly hard in January and February 2021 compared to the economy's performance in 2020.

Despite the scale of the disaster, the government has been trying to minimise economic disruption where possible, even though the restrictions announced over the weekend by the Centre for Covid-19 Situation Administration (CCSA) for the 18 red zone provinces will impact that area of the country, accounting for 50% of the economy, hard.

This virus wave has struck at the heart of the kingdom's GDP generating capabilities particularly Bangkok and surrounding provinces as well as the key foreign tourism hotspots.

New restrictions come into effect in Thailand from Sunday as PM prioritises finding vaccine supplies

Schools have been closed for two weeks with large gatherings banned as well as new, limited opening hours for convenience stores and other commercial outlets.

'This is to keep businesses alive,' said Dr Taweesilp Visanuyothin as he announced the new measures.

They come into effect from Sunday and according to the National Security Council chief, General Natthapon Nakpanich, Prime Minister Prayut Chan ocha is prepared to take further steps. 

On Sunday, it was reported the Prime Minister has urged key agencies to locate more vaccine doses from American agencies and from Russia whose Sputnik V vaccine is reported to be 91% effective according to a peer-review study published in the UK medical journal The Lancet

'I've told the Government Pharmaceuticals Organization and the Food and Drug Administration to coordinate and facilitate them,' General Prayut said.

Over the weekend, Thailand had yet to reach the level of 1% of the population having received the first dose as the figure of 605,279 or 0.87% of the official population was released on Saturday.

Health minister says 3rd wave could be controlled within two weeks with the public's co-operation

The Minister of Public Health, Anutin Charnvirakul, has meanwhile urged the public to cooperate and talked about the ability to bring the third wave under control within two weeks depending on public co-operation

This could be a bit optimistic.

The current situation is particularly dire for the government which had a near ฿500 billion deficit in the opening months of 2021 and which is limited in its borrowing capacity despite its relatively low debt to GDP ratio and the urgings of more progressive economists.

Even before the third wave broke out and as its extent is becoming evident, the consumer confidence index had dipped in January recovering in February with overall consumer spending still off by 3.3%.

Consumer confidence was already slipping

Consumer spending may now drop further and by at least ฿100 billion if a new coronavirus outbreak lasts for two months, possibly sinking the economy in the current quarter, the President of the University of the Thai Chamber of Commerce (UTCC), Dr Thanavath Phonvichai, said earlier in the month.

Consumer confidence fell back to 48.5 in March after a rise to 49.4 in the previous month, according to a survey by the institute.

At the outset of this new wave, Dr Thanavath had already accepted that it could lead to a second quarter of contraction in 2021 and predicted at least a loss of ฿100 billion in consumer spending.

Hopes for a quick rebound but Thailand could be facing a second year of sharp economic contraction

At a press conference, the economist suggested the government and the economy could rebound if the third wave was seen off early.

'Sentiment is expected to drop for at least three months before picking up if the Covid situation eases quickly,' he said. 

While Dr Thanavath conceded that a second-quarter contraction may result, he suggested that growth of 2% to 2.5% could be achieved this year if the situation was brought under control within two months.

The senior director at the Bank of Thailand, Chayawadee Chai-Anant has, on the other hand, warned that the threat posed by the virus and its more infectious variants could leave Thailand facing another, even sharper contraction this year if the vaccine rollout fails to take off and if the virus continues to wreak havoc with business operations and consumer confidence.

Reopening of Thailand to tourism now in jeopardy

There is also now a real fear that the planned reopening of the kingdom to foreign tourists from October 1st with a July 1st reopening in Phuket, has been placed in jeopardy.

This was confirmed on Saturday by the Minister of Tourism and Sports Phiphat Ratchakitprakarn who cited a lack of vaccines as a key reason.

Current Finance Ministry projections are for 5 million visitors to be seen in Thailand this year while the Bank of Thailand has been suggesting a figure closer to 3 million.

Latest wave is hitting key population centres

Respected economic thinkers are beginning to express alarm at the situation that is developing with some suggesting that this third wave has the capacity to inflict far more than the ฿100 billion loss estimated at the outset in recent weeks due to lack of consumer spending.

They point to the level of fear that this third wave is generating as it hits key population centres and areas of economic activity.

Concern is also being expressed about the government's ability to address the third wave without recourse to excessive further borrowing or exceeding a debt limit which it is by law prohibited to do.

It is currently thought that the government debt level is at 53.3% of GDP which is, in fact, below the 57% forecast last year. 

However, it is facing higher current deficits due to a depressed economy with higher burdens and a legal borrowing limit set at 60% of GDP.

Asset warehouse scheme to refloat the tourism industry is critically important to the economy

The government had been planning a strategically important asset warehousing scheme to relaunch the tourism sector and provide support to the thousands of borrowers in the industry and their bankers. 

Officials work on asset warehouse plan to relaunch the tourism industry in tandem with reopening (click here to read)

The estimated cost of this scheme was ฿100 billion. In addition, the government had earmarked ฿400 billion to ฿500 billion for soft loans to the business sector.

This is part of the ฿1 trillion fund organised last year to protect the kingdom's economy and to allow for a relaunch this year.

The budgetary pressure now on the government, on a day to day basis, for the next 8 months means, it will have little extra to offer the population or business concerns reeling from the effects of the third wave.

It could well find itself also constrained by a reduced tax take from a still contracting economy.

At the same time, the current situation will further exacerbate Thailand's chronic household debt problem estimated at 90% of GDP at the end of 2020.

The Bank of Thailand Governor, Sethaput Suthiwartnarueput, in October last year, identified this as a key concern amid raised unemployment numbers caused by the first wave.

Failure to revive foreign tourism this year will see permanent loss and further structural change

The third wave leaves the economy with a heightened prospect of foreign tourism not rebounding this year.

This will spell heavier economic damage to the already ravaged sector and may make the planned asset warehousing scheme impractical. This may see more permanent closures and fire sales in an industry that has already suffered massive structural change.

The delay caused by this third wave will also aggravate the financial losses incurred by banks and lenders caused by a collapse in asset values.

While many industry insiders suggest that it will take three years for things to fully recover, it may also be the case that we may never see a return to the halcyon days of Thailand's tourism sector that grew from the 1960s on the basis of rising demand and the popular expansion of air travel worldwide which this pandemic has decimated and, in the longer term, left a question mark over.

Third-wave may be just as devastating as the first economically with a larger number of infections

Some economic thinkers are worried that this wave may be just as devastating as the first wave economically as it is hitting an already damaged economy in addition to the geographical spread of the hotspots which has seen the virus targeting large population centres which will lead to the public quickly curtailing its economic activity.

We have already seen this virus wave hitting the Royal Thai Police and other key state agencies with a sharp spike in hospitalisations.

The government is facing a tight budgetary situation and may not, this time, be able to step in to provide assistance.

Economists have estimated the second round of the virus cost Thailand ฿200 billion while the first wave cost it ฿900 billion.

Economic crisis bigger and more dangerous

The cost of this massive third wave might be anywhere between these two figures but with new restrictions announced on Sunday and rocketing rates of infection, things look quite bleak.

We are now entering a situation where knock-on secondary economic effects may become a factor and another ball for the country's economic planners to juggle.

If the country fails to ramp up its vaccine campaign and the growing third wave gets worse, leading to further economic retreat, Thailand may be left facing a crisis even bigger but also more dangerous than last year.

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