Thailand to lose one million tourists if political turmoil prolongs: KResearch
The deepening political turmoil in Thailand, along with a political impasse
that may not be resolved soon, will inevitably affect the numbers of inbound
tourists, as visits by one million overseas travelers could be lost if the
protest prolong until mid-2014, according to a leading economic think tank.
Kasikorn Research Centre (KResearch) said the tourism industry this year
still has bright prospects, and business could grow, if the political
turmoil ends soon.
KResearch said 29 million foreign tourists were forecasted to visit the
country this year, an 8.5 percent increase from the previous year and could
generate more than Bt1.4 trillion in income, as the European economy was
picking up and China has relaxed its rules and regulations concerning
tourism.
The ASEAN Economic Community (AEC) set to be established by 2015 and new low
cost airlines have facilitated tourists visiting Thailand, KResearch said.
However, the ongoing political crisis which led to the invocation of the
Emergency Decree on January 22 could suppress the growth of tourism.
KResearch said that if the protest prolonged to the end of Q1, the number of
foreign tourists would dwindle by 500,000 to Bt28.5 million tourists,
generating Bt1.38 trillion; Bt20 billion lower than targeted.
If the demonstrations dragged into mid 2014, Thailand could lose one million
tourists, down to 28 million, and the income from tourism would stand at
Bt1.35 trillion or a Bt50 billion loss from last year.
KResearch has urged all parties concerned - government and private sectors,
as well as media and the general public - to seriously and sincerely
cooperate to find solutions out of the political turmoil. (MCOT)
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Farmers block road in Nakhon Sawan to demand rice payment
Farmers from five provinces have blocked Asian Highway at
Nakhon Sawan to pressure the caretaker government to pay them for rice they
sold under the rice pledging scheme.
The farmers said that during the last five months, many rice farmers in many
provinces did not receive their money so they wanted the caretaker
government to send representatives to negotiate with the farmers.
Some 4,000 farmers from Singburi, Chai Nat, Uthai Thani, Kamphaeng Phet and
Nakhon Sawan have blocked the Asian Highway in both directions, causing
traffic jams for kilometers.
They have threatened to intensify their protest by blocking more roads and
stay blocking the road if the caretaker government failed to send
representatives for talks. (MCOT)
Political unrest may
drag Thailand’s economic
growth below 3%
The months-long turmoil in Thailand will possibly shave
this year’s economic growth to less than the projected 4 percent, the
central bank announced last week.
Rung Malikamas, spokesperson for the Bank of Thailand (BoT), said the bank
will officially release its 2014 economic projection in March after having
wrapped up economic assessment for the fourth quarter of last year.
She said disbursements in the public sector will dwindle if the political
stalemate continues and the general election is not held as scheduled.
The caretaker government repeatedly stood firm on holding the snap poll on
Feb 2 despite widespread protests and election registration failures in a
number of southern provinces.
Ms Rung said the disbursement delay for immediate expenses and failure to
start the budgeting process for the 2015 fiscal year will have both a direct
and an indirect impact on the private sector, and add volatility to the 2014
overall economy.
This year’s economic growth may barely reach only 3 percent, with inflation
at 2.4 percent, she said, hopefully predicting a strengthened economy later
this year given improved confidence and consumption in the private sector.
The domestic political situation and public spending will be the two major
elements, she said.
She said the global economy will improve this year especially in the US
where successive investment will contribute to Thailand’s export growth.
The flow of foreign capital in Thailand remains stable and foreign investors
should eventually return to the kingdom which promises strong fundamentals
in the private sector along with solid performance of commercial banks and
expanded per capita income, she said.
She said the economic slowdown is short term, or only during the political
conflicts. (MCOT)
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ASEAN, Germany cooperate on climate resilience in rice, other crops
Leah Lyn Domingo
The Southeast Asian Regional Center for Graduate Study and Research
in Agriculture launched the ASEAN Network on the Promotion of Climate
Resilience in Rice and Other Crops Jan. 20 at Nong Nooch Tropical Garden.
The project is funded by the German-Association of Southeast Asian Nations
Programme on Climate Change, which aims to support ASEAN in further
advancing the implementation of regionally coordinated strategies and
policies for food security and climate protection in the agriculture and
forestry sectors.
Under the project, a series of regional forums will be undertaken to promote
a common understanding of the climate change-related threat to the
agriculture sector, focusing on selected rice, maize, and cassava.
In addition, the project will identify successful practices and policies at
the ASEAN member-states level for tackling these climate change-related
threats that can be promoted and up-scaled.
The project will also identify common concerns and capacity needs, and
propose regional support strategies and instruments to address these in a
coherent manner.
The involvement of SEARCA, headed by Gil C. Saguiguit Jr., in the project is
part of the Center’s efforts to contribute to an enabled environment for
rural poverty reduction and food security through building institutional
capacities that ensure climate change resiliency in agricultural production
and sustainable natural resource management in Southeast Asia.
Myriam Fernando, a GAP-CC senior advisor, provided an overview of the
program and project background while Lope B. Santos III, SEARCA program
specialist and officer in charge of project development and management,
discussed the workshop objective in finalizing the methodology and work plan
of the project.
Douglas Black, climate sense director and GAP-CC consultant, facilitated the
discussion on “Methodological Approach and Framework on Value Chains,
Climate Impacts, Climate Profiling and Adaptation Options.”
Felino P. Lansigan, regional agricultural value chain/climate-resilience
expert, expounded on the agreements on sector selection, scope of analyses,
current/future climate impacts, production systems, selection criteria, and
best practices.
For further information, contact: Leah Lyn Domingo, email:
[email protected]
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