Memorial Warns Bitcoin Speculation Beware of Future Bubble Bubbles Entering the wrong time and buying a high price will damage a lot.
Mr. Anusorn Thamjai Former DirectorBank of Thailand (Bank of Thailand) And former Dean of the Faculty of Economics Rangsit University revealed that speculation inBitcoin (Bitcoin) Will cause a bubble and this bubble will have to burst any day in the future. Investors who invest in such Private Digital Currency assets who buy at the wrong time and buy them at high prices will suffer huge losses. Central bank cryptocurrencies, including Stablecoin Diem (Libra), are much safer and less vulnerable to volatility. And perform the main functions of money much better
As for the issues ofCOVID-19 vaccine Then the effect of the vaccination, if it can be performed effectively, quickly, thoroughly, quickly build up the combined immunity. Exposure to foreign tourists will make the tourism industry and the business continuity to benefit and improve significantly. However, the exposure of foreign tourists must be carried out in strict accordance with public health standards. This is because vaccination in each country starts at risk first.
As for the global population of more than 7,000 million people, or at least 70% of the world’s population, or approximately 5 billion people, is protected from vaccination. It’s a time consuming process and a huge budget. In Thailand, there must be a management system to allow people to have access to the vaccine at least 70% of the people living in Thailand. Therefore decided to open the country fully to restore the economy We should plan for Thais and foreign residents to get 15-20 million doses per month.
And at least 70% of the population must be immunized by the late May or June so that economic activity can return to normal and fully open the country. In addition to importing about 28 million doses of the vaccine from abroad, the government should promote investment or joint investment with Thai companies in the production of vaccines such as Baiya Phyto Farm Company Of Chulalongkorn University Or other companies to provide people with affordable access to vaccines.
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If the people in the country are able to access them completely, there should be a production plan for exporting Thai vaccines. Send to sell or help neighboring countries. Even Thailand and the world control the spread of disease.COVID-19 (Covid-19) Has been promoting the pharmaceutical industry Vaccines and biotechnology must be ongoing to tackle emerging pandemics in the future.
In addition, the Covid-19 virus has been mutated, continual development of modifications to the vaccine formulation is imperative and it is necessary to encourage Thai companies to take full steps to reduce the risk of being unable to be imported from abroad. Country in the future
However, the PM2.5 impact will severely affect the quality and public health of the people and the economy in the northern region. While drought will affect agriculture in the northern and northeastern regions of the country. Even opening the country in the third quarter butSme (SMEs) And businesses in the provinceLock down (LockdownThe second time, it was still in financial trouble and was on the verge of bankruptcy. Therefore, we propose to the BOT to consider increasing the credit limit, special interest rate or Soft Loan (free of interest for the first 6 months, 2% interest for 2 years) from 500 million baht per financial institution to 1,500 million baht per financial institution. Offer to triple
And should improve the soft loan criteria to increase the chances of SMEs accessing more loans In addition, each SMEs should be able to apply for a Soft Loan more than 2 times, whereas SMEs, especially in tourism and downstream businesses, who owe bad debt and unable to pay debts. Non-revenue-generating debt figures or NPLs are still rising. The Thai banking system now carries a debt of at least 40 billion baht in the hotel and tourism sector, which is expected that if the economic growth rate does not meet the target and cannot open the country in the third quarter, the NPL will likely break through 10-12. % Of total loan NPL Expect only NPL of SMEs traveling group of restaurants, entertainment venues, event business groups, clothing, leather goods, furniture, jewelry, jewelry Probably going to go over 20% -40%.
Although NPL has a high proportion, I believe The commercial banking system can still cope with Capital to risk-weighted assets of the Thai banking system at the latest at 20.1% and the NPL Coverage Ratio is at 149%, representing approximately 2.3 billion baht. Having to set aside more reserves, the profit of Thai commercial banks in the whole system fell 46-47% last year (2020).
For hotel and tourism business The bad debt restaurant business proposes Asset Warehousing and provides a period of 5 years for asset repurchase. The revaluation price of the assets is to the debtors and creditors to agree among themselves at market prices. If the original owner is not in the position to pay the debt at all Then let the bank sell the assets in the market In order for potential companies to buy and invest more, to drive the economy and employment.
In addition, factoring should be performed so that SMEs can enhance their own flexibility. If allowing businesses to use “invoices” for billing after delivery of goods, they can be used as credit documents and should be developed into Digital Factoring in the future.
Mr. Anusorn added that the approaches to the volatility of the global economy and financial markets after the covid era and the escalating environmental problems and the new business trend are under the Next Normal and New Normal of the world economy and the Thai economy. The business sector must practice doing business with the concept of saving the world and focusing on sustainability. Produce environmentally friendly products and services Clean energy business Electric cars will expand exponentially. Organic food Chemical-free agriculture will receive a greater response from consumers interested in health. New work and production that reduce human exposure
The new way of working in the Virtual office style will grow significantly. The financial system will move more to the digital financial system. Cryptocurrencies issued by central banks will gradually begin to be used in many countries from 2021-2022, adopting Distributed Ledger Technology for financial transactions, investments, payments makes transactions low-cost. And greatly reduced the role of intermediaries like banks.
Technology addition Blockchain It will also open up to individuals to be able to develop innovations or build upon the technology available on a variety of cryptocurrencies through a smart contract.States must accelerate investment in digital and infrastructure infrastructure to solve environmental problems. Still need to invest in human capital in order to have skills in line with the new environment.
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