Pattaya Daily News

30 December 2008 :: 17:12:50 pm 5986

Thailand’s Tide is Turning

After all the negative publicity and pervading gloom and doom prognoses, it appears the powers that be have most definitely decided to take the bull by the horns and reverse the trend of pessimism currently washing over Thailand.
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To the Deputy Governor of the Bank of Thailand, Atchana Waiquamdee’s announcement that there might be a slump in the early months of 2009, PM Abhisit Vejjajiva rejoined with the news on December 26, 2008, that the government was planning to spend Bt300 billion to help counter the slump.

As regards tourism, Thailand’s main money earner, which suffered significantly from the recent closure of Bangkok’s two main airports which has had a dire impact on the High Season, costing the country in the range of US$3.7 billion, and cancellation of up to 2.3 million proposed tourists, there is a distinct glimmer of hope on the horizon. Thailand may be among the cheapest travel venues on the planet with numerous bargain prices being offered in its resorts in forthcoming months, according to Thai travel agents and tourism officials, with the focus being on encouraging visitors to go to Thailand’s beaches, cultural sites, cuisine and golf courses.

Phornsiri Manoharn, Governor of the Tourism Authority of Thailand, announced a plan for promotional campaigns. Bargains are being announced in both Bangkok and Pattaya at Hard Rock Hotel, which is offering free 2nd nights for US$104, whilst Samui’s Banburee Resort is offering three nights in January from US$285. Airlines likewise are joining the act with Bangkok Airways, among others, offering discounts. Thankfully, flights are back to normal at Suvarnabhumi International Airport, with flights was approaching the usual 547 per day.

Travel warnings are still in place, especially for Americans concerned about the ongoing political turmoil. However, the potential impasse posed by the actions of the anti-government Red Shirts’ attempt to prevent PM Abhisit Vejjajiva from giving his maiden speech by blockading the White House and so provoke a new election was stymied by PM Abhisit who finally managed to give his speech at the Foreign Ministry. In his speech, he made reference to the previous PAD protests saying “Political conflicts that have spread to civic groups could push the economy, along with the tourism industry, into recession if action is not taken to resolve them and revive confidence among investors and foreign investors.”

Now the Thai government can start in earnest to put into place its proposals to reverse the effects of the recession. We await in anticipation to see exactly what measures will be taken, but inside sources have implied that there will be a significant attempt to revive foreign investment that has recently been departing the strife torn country and to encourage foreign property ownership, by perhaps extending the leasehold terms to 99 years, among others.

Reporter : PDN staff   Photo : Internet   Category : Editorial

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