Saturday, January 15, 2022 at 11:33 am
Concerned about “the cost of entering the country” of 300 baht making tourism worse, “Phuea Thai” ticks “Prayut” to help tourism business Before rising interest rates worsen bankruptcy, we recommend you to cancel this move. Accelerate to add more tourists will be more rewarding.
On Jan. 15, 2022, Mr. Chakphon Tangsuthitham Member of the Chiang Mai Provincial House of Representatives Deputy Secretary-General and Pheu Thai Party Working Group said the recovery of Thailand’s economy this year is still highly uncertain. but probably less than 4%, but how much will the Thai economy expand? Depends partly on when it may open for tourists. and how many tourists will come But the government announced on April 1, 2022 that Thailand will start charging 300 baht per person from foreign tourists entering Thailand or call it The “Land Step Fee” is a tourism tax, which is levied on foreign tourists upon entry. by bringing the money to step on the land Go to the National Tourism Promotion Fund They are expected to contribute 1.5 billion baht to the fund, including sharing part of the cost of the land as insurance for tourists
The imposition of such fees caused great concern among Thai tourism companies. Because it unnecessarily increases spending on tourists. It can affect feelings and have a psychological effect on foreign tourists. and may cause foreign tourists to turn to other countries instead Is it like adding a burden and possibly pushing friends to foes? Because during that time, Thailand should have to market itself to attract more tourists, right? instead of thinking about increasing the tourist load
Meanwhile, the cost and expenses of tourism in Thailand currently tend to be higher according to inflation, such as B. Food prices, cooking gas, oil prices and travel expenses, etc., causing tourists’ spending to increase. This may result in the number of tourists already declining due to higher spending and the recovery of tourism after the coronavirus crisis.
Beyond World Inflation Most notably in the US, where inflation rose to 7% in December, forcing the US Federal Reserve to hike interest rates in March. The US could hike interest rates four times this year. This will prompt Thailand to hike interest rates, according to the United States. This will increase the burden for Thai entrepreneurs, who have had to bear the burden continuously for more than 2 years, and bear the burden even heavier than before. and may not be able to bear the burden of this due to the strain of lockdown and illness. The “stealing” that the government has opened and closed the country for more than two years, leaving entrepreneurs with huge debts and expenses they have to bear but almost no revenue coming in. Therefore, Gen Prayut needs to think ahead about how to help tourism entrepreneurs survive and continue to do business in the future.
However, global inflation is increasing as Thailand’s economy is a small and open economy. As a result, a higher price level abroad inevitably has an immediate effect on the price level in Thailand. Especially in this Covid crisis, the production chain cannot keep up with the increasing demand for spending, which in the end leads to more inflation problems. Inflation is a major problem for the global economy and the US Federal Reserve is aware of this and is taking steps to reduce liquidity injections sooner rather than later. Lead to a rate hike earlier this year All of this will lead to an increase in tourism costs in Thailand. Thai entrepreneurs will face both cost increasing inflation and higher interest rates. It is a burden that will increase at the same time.
Therefore, the concept of keeping “The cost of entering the country” should be the concept of people who cannot make money and cannot govern the country. because currently almost no tourists are coming in but still thinking of keeping a small amount Instead of thinking about how to build the Thai economy to grow sustainably to attract foreign tourists to spend again including domestic investment or long-term economic development But the state again thought of making money from the collection. These costs should be included in the cost of up to $50,000 of Covid-19 insurance payable before entering Thailand.
“You can see that Gen Prayut could not think and pretended to have tripped over his own leg many times. causing many repeated wounds to deteriorate the Thai economy all the time until it is difficult for Thailand to recover “The government should reconsider and lift such measures and learn to think about it. The government should reconsider and repeal such measures. It should build trust instead of destroying trust and thus making Thai people’s life and happiness worse,” Mr Chakphon said.
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