Chamber of Commerce urges businesses to reopen under New Normal

Last updated on May 7th, 2021 at 07:09 am

The Thai Chamber of Commerce estimates that a prolonged COVID-19 pandemic will cause 10 million Thais to lose their jobs. Meanwhile businesses must adjust themselves to the New Normal, as the health crisis is expected to last for at least a year.

The Thai Chamber of Commerce’s (TCC) Chairman, Kalin Sarasin commented in a seminar, that the COVID-19 pandemic will write off 5.8 to 8.8 trillion U.S. dollars from the global economy, according to an estimation from the Asian Development Bank. The global health crisis is expected to cause the global GDP to shrink 6.4 to 9.7 percent. Some 7 million people in Thailand are expected to lose their jobs due to the pandemic. The number may increase to 10 million should the situation become prolonged, while the pandemic fallout will likely affect Thailand for at least a year. The TCC chairman said businesses must change their operations in line with the New Normal lifestyle, by upgrading their services, quality, differentiation, and safety. The Thai Chamber of Commerce has joined forces with health authorities and related sectors to develop the Thai.care online platform, to create understanding between businesses and customers, promoting care by both businesses and customers through feedback to improve products and services, as well as promoting social responsibility. The Thailand Development Research Institute (TDRI) President Somkiat Tangkitvanich, said today that all sectors must adjust themselves to the new normal, especially allowing employees to work from home, which will help promote social distancing, and can help organizations save 2 million baht a month. The TDRI is however expecting COVID-19 fallout to last three years in Thailand, before the economy returns to the normal status that existed before the pandemic.

Burapha

Sawadee-khrup. I am a multicultural Thai newswriter that is always on the lookout for daily news that are intriguing and unique in my native country Thailand.

Recent Posts

China and UAE Celebrate 40 Years of Diplomatic Relations: All the Sectors for Partnership

Celebrating 40 years of diplomatic ties, China and the United Arab Emirates (UAE) are poised to fortify an alliance that…

November 2, 2024

What’s in Store for Squid Game Season 2: New Twists, International Adaptations, and a Bold Return to the Games

Fans of the worldwide sensation Squid Game have much to look forward to this December as the show's producer, Hwang…

November 2, 2024

TWICE Joins Coldplay’s ‘Music of the Spheres’ Tour for a Seoul Spectacle in 2025

Especially when it's the internationally known British rock band Coldplay linking up with K-pop phenomenon TWICE, few events match the…

November 2, 2024

China Caught in the Crossfire: Tensions Rise as North Korea and Russia Strengthen Alliance

Tucked on a 12-story structure in northeast China, visitors flock to get a rare view of the junction of their…

November 2, 2024

Could Westeros Dragons Soon Soar into the Big Screen? ‘Game of Thrones’ Film Reportedly in Early Development

HBO's Game of Thrones has created a void in the fantasy world of television that no other show has quite…

November 1, 2024

Preparing for U.S. Election Impact: Sen. Imee Marcos Urges Self-Reliant Defense Amid Uncertain Times

Head of the Senate Committee on Foreign Relations, Senator Imee Marcos underlined the need of the Philippines getting ready for…

November 1, 2024

This website uses cookies.

Read More