The secret weapon to fight the crisis : adding one extra holiday…


In the War Against the Crisis, the authorities are very creative.

Here is the latest bold and grand idea idea from the government, and now from the Bank Of Thailand…

January 2, normally a day for business, has been added as an extra holiday, aimed at stimulating internal tourism spending, according to Thailand’s central bank.

The Bank of Thailand (BoT) on Thursday announced five consecutive holidays from December 29 through January 2, in line with the caretaker government’s approval on Tuesday.

Traditionally, the BoT has not declared public holidays for over four days in sequence.

The central bank expected that the announcement would boost tourism and rehabilitate the domestic economy after the fallout from the seizure of two major airports by the People’s Alliance for Democracy (PAD) and ‘domino effects’ from the faltering global financial system.

However, the added holiday will not cause a huge impact on the country’s productivity as transactions are expected to be unusually light at the end of this year, the BoT affirmed. (TNA)

You bet dumbass ! By working less, we are not going to increase… production, therefore wealth. 😉

As for the idea that one extra holiday is going to boost the tourism and consumption… oh my god… Is that an answer to the problem, I mean to the scale of the problem ? … I want to cry.

Do you believe we have reached the bottom of the Rabbit Hole ? Such article is the proof that we haven’t. Obviously.

8 Responses to “The secret weapon to fight the crisis : adding one extra holiday…”

  1. 1 chinesethai 11 December 2008 at 3:04 pm

    They just want to please their electors. It always adds to holiday chaos.

    Just in last King’s Birthday long weekend, FM100 Radio reported thousands of Bangkokians jammed the highway to Khao Yai National Park. Many were advised to turn away from the National Park and the surrounding area to ease the traffic jam. Phu Kradung National Park in Loey Province received ten thousand tourists during those 3 days. Wild life and plants are disturbed every long weekend. It’s like moving the chaos in Bangkok up there. TAT people only know how to promote tourism heavily but never care how to manage the fallout properly. Another problem that always follow long weekend is the overwhelming number of tourists leave gargantuan amount of non-recyclable garbage and wastes that need to be airlifted or trucked down the mountains after the party is over.

  2. 2 fall 11 December 2008 at 3:14 pm

    As for the idea that one extra holiday is going to boost the tourism and consumption…
    Actually, I think the idea make sense. Those who cant get vacation on 2nd can now have a long weekend, thus boost domestic tourism. When foreign tourist dried up, beggar cant be chooser…

  3. 3 ThaiCrisis 11 December 2008 at 4:20 pm

    Push this “idea” to the limit and see what happens : “In order to boost tourism and consumption, I declare that every day of the year will he holiday”.
    This “idea” is totally flawed, as far as GDP growth is concerned. You create wealth by working. Not by not working.

    Otherwise, the world would be on perpetual holidays. And if so, how the “tourists” would get the money… to spend on holidays ? 😉

    This “idea” will cost Thailand. Certainly not enrich Thailand.

    This “idea” can only boost one thing : popularity.

  4. 4 E. Spitzer 11 December 2008 at 5:06 pm

    Always fun explaining to my USA clients that xxxxday is holiday, and I just found out the day before.

  5. 5 ThaiCrisis 11 December 2008 at 5:15 pm

    And what about the Chinese ? They should like it too… When they will take the markets from the thai companies… on holidays. 😉

    In a world where wealth = production (in general), to say, like France did with its 35 hours working week, “work less to earn more” or “be on holiday and you, your company and your country will earn more”, is of course nothing but non sense.

    But… anyway… we shall rejoice : we’ve gained 1 day.

  6. 6 Rockderk the Great 12 December 2008 at 3:24 am

    A quick survey of the Thais around the office reveals the ‘truth’ behind the new national holiday. “Most people take it off anyway and those who can’t book it advance just go ahaad and pretend they’re sick.” They feel the ‘government’ is responding to their ‘needs’.

  7. 7 Bedwyr 12 December 2008 at 12:18 pm

    Seems a little irrational – even for Thais. I wonder if it will catch on in the real world.


  8. 8 MSB 15 December 2008 at 5:01 am

    The general rule is that the BOT does not let us banks close for more than 4 days in a row. But this rule only applies in a calander year. Hence the rule still applies as technically we are closed 1 day in 08 and 4 days in 09. Anyway we are not complaining as it was always going to be a pain in the ass to work the on the 2nd.

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Thailand Crisis

Coup, Economic slowdown, Terror In the South... The situation is worsening in Thailand. Bumpy road like often before.

But this time, it's different.

The key to understand the present turmoil is the inevitable... succession of King Bhumibol.

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