FTI executives wary of reopening plan

FTI executives wary of reopening plan

Most executives attached to the Federation of Thai Industries (FTI) want the government to reopen Thailand only if Covid-19 infections, which are currently rising, are brought under control, according to the latest FTI survey.

FTI's CEO survey gauged the opinions of executives following Prime Minister Prayut Chan-o-cha's announcement on June 16 of a controversial target to reopen Thailand within 120 days and his request during a TV broadcast that people take a risk that is well-assessed and manageable.

Up to 56.7% of 201 FTI executives said Thailand should reopen when the number of new infections had decreased significantly, said FTI vice-chairman Wirat Uanarumit.

"To open or not to open, the government should give weight to the country's readiness and Covid-19 situation both in Thailand and foreign countries," he said, referring to the majority of views given by executives across 45 industries and all FTI branches countrywide.

Some 31.3% of respondents agreed with the 120-day target while 9.5% said it was not the right time to welcome back foreign tourists in the next three to four months, according to the findings.

Only 2.5% wanted to see Thailand reopen ahead of the 120-day time frame.

The poll also found that 59.2% of respondents want reopening to be carried out gradually in some provinces first, compared to 6% who supported the idea of reopening the whole country at once.

Some 34.8% agreed with a sealed route plan and Phuket's reopening, set to take place today, as a model.

According to the findings, 81.6% of executives believe the Thai economy will "slowly recover" after the government reopens the country.

However, 14.4% did not expect better economic prospects due to the severe impact of Covid-19 and concerns over the global economy.

Only 4% expected the Thai economy to return to normal or conditions before Thailand was hit by Covid-19 in early 2020.

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