TCC: Emergency law threatens tourism

The invocation of the emergency decree in Bangkok and nearby provinces will damage the country’s image and drive away foreign tourists, Thai Chamber of Commerce (TCC) chairman Isara Wongkusolkij warned on Wednesday.

In short-term, the number of tourists visiting Thailand will drop substantially because foreign embassies are issuing travel warnings to their citizens, he said, while in the long-term, new foreign investment projects will be delayed.

Mr Isara said the TCC had slashed its gross domestic product growth projection for 2014 from 4-5% to 3-4%. Exports are expected to expand by only 3-4%.

The economic damage caused by prolonged anti-government protests is estimated to stand at 500-700 million baht daily, he added.

The TCC chief said anti-government rallies have been harming the country’s overall economic outlook since the end of last year, adding that the caretaker government's inability to fully mobilise investment projects, due to lack of authority, will also worsen the current economic slowdown.

He said the TCC is concerned about ongoing political turbulence and hopes the government and its opponents will agree to negotiate with one another to solve the ongoing conflict.

Mr Isara said seven private organisations, including the TCC, will temporarily stop acting as a mediator in peace talks between government and the People’s Democratic Reform Committee (PDRC) to push for a national reform forum instead.

This is because the private sector's proposals were ignored by both government and the PDRC during the talks, he said.

Share your thoughts

Discussion 1 : 23/01/2014 at 02:59 AM
I mean TCC. Figures issued by any orgnisation in Thailand are always rediculous
Discussion 2 : 22/01/2014 at 03:13 PM
I think Thailand's economy and image have already been damaged by these thoughtless protesters who do not look at the results of their actions The economic damage caused by prolonged anti-government protests is estimated to stand at 500-700 million baht daily, Was quoted in the news report All Protesters should " put their money where their mouth is " and help businesses and people who have lost money because of their actions..........If they truly believe in their cause they would pay the millions of Baht lost
Discussion 3 : 22/01/2014 at 03:12 PM
I don't think Bangkok needed the emergency law to destroy tourism. The shutdown rallies already took care of that.
Discussion 4 : 22/01/2014 at 03:11 PM
The problem is that the protest & protest leader does not seem to care about the positive ("What's best for Thailand" )... only the negative of: "topple this regime" even though they were duly elected & he wasn't!!! Again, Amazing Thailand!
Discussion 5 : 22/01/2014 at 02:55 PM
don t think image of Thailand is, since 2 month in the" best position" and less since the beginning of the inneficient "shutdown" which only is paralyzing traffic ,some sector of activitees as shops ( e.g go to see the affluence in Paragon or central world ),and hotels in certain areas of the capital .
Discussion 6 : 22/01/2014 at 02:39 PM
No, no-no-no. It is Mr. Suthep and his followers that is a threat to tourists. He is the one taking the city hostage. He is the one imprisoning & intimidating people to follow his will. Lets get the facts right please !
Discussion 7 : 22/01/2014 at 02:16 PM
This is getting ridiculous - This whole conflict is rapidly killing the economy!!!
Discussion 8 : 22/01/2014 at 02:14 PM
There is no end to how much damage Thailand will suffer for Sutheps anti-democratic methods to overthrow the government. I wish Suthep could come to the realization that the damage he causes Thailand will take many years to repair, and that he instead cancels their actions and let the people go home.
Discussion 9 : 22/01/2014 at 02:13 PM
Then get the PDRC protesters off the street . My friends were in bangkok and they didn't even notice the protests which means it is small .. Won't effect tourism anyway. The decree is their so the government can remove trouble makers from illegally disrupting elections and entering unlawfully into buildings .
Discussion 10 : 22/01/2014 at 02:12 PM
Let's hope they will arrest Mr. Suthep soon so that this emergency law can be stopped and things get back to normal. Tourists are very important for Thai economy . No tourists, no money.

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