Business sector urges government support to ease electricity bill burden

0

Meanwhile, the cancellation of the Thailand Pass and the implementation of a tourism stimulus measure called “We Travel Together” to promote domestic travel for Thais has given an additional boost to the tourism industry.

Although fuel costs appeared to improve in August 2022, entrepreneurs are still concerned about rising production costs such as logistics and commodity prices such as animal feed, steel and iron. aluminium, electricity costs, as well as the shortage of foreign labor in the country. manufacturing sector.

There are also some negative factors to worry about, such as the global economic slowdown, high inflation, and tensions between Russia and Ukraine.

The survey was conducted in August 2022 among 1,304 companies represented by 45 FTI-affiliated industry clubs. The results revealed more factors of concern for business owners, such as the global economy (75.9%), domestic politics (42.8%), the exchange rate of the baht against the US dollar from the point of view of exports (39.3%) and loans interest rates (35.7 percent).

The TISI for the next three months is expected to be 99.5, down from 98.7 in July 2022, as entrepreneurs believe that the Thai economy will gradually grow due to the recovery of the tourism sector, the increase in the domestic demand and government economic stimulus measures.

Entrepreneurs are concerned about a gradual increase in the minimum wage rate from October 1, 2022, as well as a new round of electricity rate increases from September to December 2022, which will lead to increased costs of production. Likewise, risks associated with the economic downturn and geopolitics may impact Thailand’s export sector, Kriengkrai concluded.

Share.

Comments are closed.