Thailand plans to reopen nation, support SMEs

Thai Prime Minister Prayut Chan-o-cha chaired a meeting of the Centre for Economic Situation Administration (CESA) to assess the impact of the COVID-19 pandemic and make decisions to overcome the consequences and stabilise the macro-economy.

Illustrative image (Photo: AP)
Illustrative image (Photo: AP)

At the conference, CESM approved a national tourism industry reopening plan. The Tourism Authority of Thailand (TAT) has proposed an opening plan with the goal of promoting the results of the Phuket project, aiming to attract 1 million visitors in the fourth quarter of 2021 and the first quarter of 2022, generating revenue of about 60 billion baht (US$1.8 billion ).

Meanwhile, CESM also adopted the proposal to establish a Tourism Promotion Fund to transform Thailand's tourism industry, and announced the Thailand Tourism Year 2022.

In addition, Secretary-General of the National Economic and Social Development Council (NESDC) Danucha Pichayanan said the new support measures will see the government hand out 3,000 baht a month to each worker from November 2021 to January 2022.

The measure will cover 480,122 SMEs, which are expected to help retain employees and create new jobs for a total of 5.04 million workers.