Business

Govt to brainstorm private sector on Songkran Day

THE Federation of Thai Capital Markets Organization (FETCO) said today (10.4.2020) that the government has called a large group of private sector entities to the first meeting on working out ways to handle the coronavirus pandemic and reviving the economy on April 13, Songkran Day, PostToday reported.

Paiboon Nalinthrangkurn, FETCO chairman, said in a Facebook post that his organization will suggest that the government start preparing an exit strategy in advance to prevent turmoil and confusion as occurred when the lockdown was initially introduced while also working out ways to open up the economy and deciding when this should be done.

His Facebook post also mentioned which businesses FETCO thinks should be opened up before the others plus those still at risk and whether a law should be introduced requiring everyone to wear face masks.

Mr Paiboon pointed to the most worrying risk factor and that is whether there could possibly be a second or third round of this deadly outbreak because if the lockdown is reimposed it would cause enormous damage to the economy with the government neither having enough ammunition nor policy space to sustain it should this actually occur.

CAPTION:

A hand-held scanner being used to check the temperature of some passengers at Mor Chit bus station when the lockdown came into effect and triggered an exodus from the city  . Photo: Nutthawat Wicheanbut / PostToday

By Nina Suebsukcharoen

Nina
I am veteran journalist and part of ThaiNewsroom.com’s editorial team. We are working hard at making this news site a success and value the support of each and every reader
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