Covid-19 outbreak ‘could kill 10m Thai jobs’

Covid-19 outbreak ‘could kill 10m Thai jobs’

Staff of Grab, a food delivery service company, wait for orders, after government shut down all the shopping centres in the country due to the coronavirus disease outbreak, inside the Central World mall in Bangkok, Thailand, March 22, 2020. (Reuters file photo)
Staff of Grab, a food delivery service company, wait for orders, after government shut down all the shopping centres in the country due to the coronavirus disease outbreak, inside the Central World mall in Bangkok, Thailand, March 22, 2020. (Reuters file photo)

Thailand's job losses may reach 10 million if the coronavirus outbreak continues for a few months, a business advisory council said on Monday.

 The kingdom’s economy is being hit hard by the virus outbreak and is heading into a recession.

"We think about 7 million jobs have been lost already, and the figure will hit 10 million if the outbreak drags on for 2-3 months," Kalin Sarasin, a council member and the head of the Thai Chamber of Commerce, told a briefing after a meeting.

The country has a workforce of about 38 million.

The council of government and business agencies discussed requests for support measures before proposing them to the government, said council chairman Thosaporn Sirisumphand.

They included soft loans, tax breaks and financial support to retain jobs, he said.

Thailand, which has recorded 2,579 cases of infection and 40 deaths, has imposed a nationwide night curfew, having closed malls and discouraged activities to limit the spread.

The central bank has forecast the economy will contract 5.3% this year, which would be the weakest performance since the 1998 Asian financial crisis.

Do you like the content of this article?
COMMENT (16)

Army worried illegal border crossers are spreading Covid-19

PHITSANULOK: Thais working in Myanmar who wish to return home should do so only through two permanent border checkpoints, in Tak's Mae Sot district and Chiang Rai's Mae Sai, and go immediately into state quarantine to stem the spread of Covid-19, 3rd Army commander Lt Gen Apichet Suesat said on Monday.

18:00

Iran lays to rest nuclear scientist, vows to carry forward work

TEHRAN: Iran laid to rest a nuclear scientist in a funeral befitting a top "martyr" Monday, vowing to redouble his work after an assassination pinned on arch-foe Israel.

17:45

Protest leaders report to police, hear lese majeste charges

Five leaders of the People's Movement reported to Chana Songkhram police on Monday to hear charges of lese majeste brought under Section 112 of the Criminal Code over the demonstration at Sanam Luang on Sept 19-20.

17:25