PHUKET MEDIA WATCH– Thailand news compiled by Gazette editors for Phuket's international community

Prolonged siege may cost Bt40 bn The Nation / Phuket GazettePHUKET: The Bangkok Shutdown is expected to whack Bt40 billion off the economy or 0.2 percentage point off its growth as consumers cut back on daily living and travel expenses, according to the University of the Thai Chamber of Commerce.

"The lower confidence from the political chaos could cause huge losses in the economy from slowdowns in spending, investment and consumption as well as limited travel for both Thais and foreigners," Thanavath Phonvichai, director of the university's Economic and Business Forecasting Centre, said yesterday.

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