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00:00 The new department store is open, but it seems like it's quiet at the end of the year.
00:05 What's going on? Will the department store be able to recover?
00:09 What measures will the government and the private sector propose?
00:12 Today, we're talking to Somchai Porrattanacharoen,
00:16 a former member of the Association of Manufacturing Manufacturers.
00:19 He's with us now. Hello, Somchai.
00:21 Hello.
00:22 Hello, everyone.
00:25 Somchai, please share with us.
00:27 It's the end of the year. What's going on?
00:30 Is the market quiet?
00:33 It's quiet.
00:36 What's going on? Why is it so quiet?
00:38 Normally, in the month of January or early December,
00:43 there will be a stock purchase for the New Year's holiday.
00:48 But this year, it's quiet because there aren't many orders.
00:52 Most of the orders are from the shops.
00:57 There are no orders from the consumers.
01:00 And because of the economic situation,
01:04 the prices have been low for a while.
01:08 Sticky rice, corn, and rice are all low.
01:13 And there's also pork.
01:16 So, the feeling of buying things has been low.
01:22 And the price of electricity and other things
01:27 are also low.
01:30 This makes people who are conscious of spending
01:37 to be more careful.
01:39 Because they can't afford to spend.
01:41 So, the feeling of celebrating the holiday is low.
01:46 And the quality of the products that are sent out
01:51 is not as good as it should be.
01:54 And I think that many factories
01:58 might not continue to produce products at the end of the year.
02:02 We've seen this in the news.
02:04 Because the quality of the products that are sent out
02:07 is below 30%.
02:10 This means that the price is not good.
02:14 Yes.
02:15 Mr. Somchai.
02:16 Is this year's holiday the quietest and loneliest?
02:18 How many years worse than the outbreak of COVID?
02:21 I think COVID is still better.
02:24 Why is it worse than COVID?
02:27 It's worse.
02:29 Because it's been a long time.
02:31 In fact, during the new COVID,
02:33 there was a lot of money collected.
02:37 And we were at home.
02:40 We bought food at home.
02:43 We didn't go out.
02:44 Now, in the beginning of the year after COVID,
02:47 it's almost over.
02:49 There are more people going out.
02:52 But one thing that is reversed is that
02:54 there is no more income.
02:55 There are only governments that say
02:57 "Go spend money, go spend money."
02:58 But no one is looking for money.
03:00 No one can find it.
03:02 Now, it's possible to find money in large amounts.
03:05 Because we can still buy things.
03:07 But at this moment,
03:09 the stock market is not good.
03:11 And the government has not stimulated the poor.
03:16 It stimulated the rich to save money.
03:18 For example, the government has said
03:22 that it will reduce the number of cars.
03:24 How much money will it reduce?
03:25 Reducing the same amount of cars like this,
03:27 the most people will spend money
03:29 from the government's budget.
03:31 For example, if you use the 10-unit line,
03:33 it's only 2 baht per unit.
03:35 You only get 20 baht.
03:37 But if you use the large shopping malls,
03:40 the large shopping malls,
03:41 you will get 10,000 baht per unit.
03:43 If you use the government's budget,
03:45 it's tens of thousands.
03:46 So this is what the government does
03:48 when it reduces the number of cars,
03:50 the number of cars, the number of cars,
03:51 the number of cars, the number of cars,
03:52 it makes the rich more profitable.
03:54 The poor get a little bit,
03:55 but the government loses a lot.
03:58 This is a reduction that is not justified.
04:00 And the government said that
04:02 it would reduce the number of cars,
04:04 but it didn't.
04:06 This is what the government uses money for.
04:09 Do you think it's stupid?
04:12 I didn't look at it in detail.
04:15 In the end, the poor in society
04:18 used the same amount of money.
04:21 Did they use it all?
04:22 No, and it didn't work.
04:24 If it's reduced to the point
04:26 that a small family,
04:28 a small family that uses less than 1,000 baht a month,
04:31 the government can get 50% tax.
04:33 But we're afraid that there will be
04:35 50% left over from the electricity.
04:37 You don't have to reduce the amount of money.
04:39 If it's reduced like that,
04:40 how much money do you have?
04:42 It's not enough to reduce.
04:43 And the country's economy is limited.
04:46 And if you use it like this,
04:48 it will have a negative effect on the big people.
04:52 The big people will get a higher rate of reduction.
04:56 They will use more money than others.
04:58 Even if they use it to carry the diesel,
05:00 they will use the money to carry it.
05:02 But if there are thousands of cars,
05:04 hundreds of cars, it's no use.
05:06 It doesn't make the goods cheaper.
05:09 So what the government is doing now
05:11 is to make the families at the bottom
05:13 because they can't pay 10,000 baht.
05:15 What can they do?
05:16 Each family has a profit.
05:18 The family's profit is left over from the payment.
05:22 It's good for the fish market or the electricity market.
05:25 It's not good to buy it now.
05:27 It's very cheap now.
05:29 Mr. Somchai, you said that the price of food
05:31 has dropped a lot since the economic revolution.
05:33 How much has the number dropped?
05:36 The price of food in many restaurants
05:38 has dropped by 20-30%.
05:41 Because we have to look at many things.
05:44 It's not just one thing.
05:46 Online is also related.
05:48 It's a big issue.
05:50 Online is also a big issue.
05:52 It makes the sales drop.
05:55 When it drops,
05:57 the convenience stores with 24 hours
06:00 and the most branches
06:02 are struggling to buy 100 baht
06:07 and send it.
06:09 The wholesalers are the big ones.
06:16 They have to change the service
06:19 from cash and carry
06:21 to cash and service.
06:25 Most businesses are run by the rich.
06:30 The lower class people
06:32 don't have the protection from the government.
06:34 The lower class people can't fight.
06:36 If they can't fight, they can't sell.
06:38 The price won't go up.
06:40 There's no money.
06:42 The lower class can't
06:44 carry the number of the upper class.
06:49 If the government hasn't fixed the situation
06:52 and let it continue like this,
06:54 and the electricity prices
06:56 keep going up,
06:58 the poor can't carry the rich.
07:02 The poor may use the lower class
07:06 to save money
07:08 or sell their land.
07:10 They can carry it.
07:12 If it's like this for a while,
07:14 the money they can sell is gone.
07:16 The government can't find
07:18 a way to make money from other things.
07:20 Or maybe the poor can be the street
07:23 and sell it.
07:25 They can make money from it.
07:27 It's a matter of property.
07:29 It's possible,
07:32 but it's still a news.
07:35 The government has to do something
07:37 to make them buy
07:39 with their human potential.
07:42 Mr. Subchai,
07:44 about the electricity prices,
07:46 you said it would increase to 4.68 baht.
07:48 Then, the number of cars
07:50 will decrease to 4.20 baht.
07:52 How much will it affect the price?
07:55 The prices are expensive.
07:59 If the government doesn't buy well,
08:01 the price will go up.
08:03 I'm worried that the prices will go down.
08:05 If the government doesn't buy well,
08:07 the prices will go down.
08:09 The government will spend money
08:11 to buy expensive things
08:13 and sell cheap things
08:15 to save money.
08:17 The government has to manage
08:19 the money well.
08:21 The money will go to the lower class.
08:23 There will be 100,000 people
08:25 who will be 80% rich
08:27 and 20% poor.
08:29 For example,
08:31 if the prices go down for 2-3 months,
08:33 it won't affect the quality
08:35 of the products.
08:37 Even the retail prices
08:39 won't affect the quality of the products.
08:41 It will help the factories
08:43 to make more money
08:45 from the profits
08:47 or the oil
08:49 that the government gets.
08:51 The government is the most expensive.
08:53 So, they will have the most money.
08:55 But it won't increase the purchasing power
08:57 to the lower class.
08:59 If the government spends 10,000 million baht,
09:01 the lower class will get
09:03 only a few million baht.
09:05 Most of the money will go to the upper class
09:07 because they are the ones who consume
09:09 a lot of oil and electricity.
09:11 That's the situation.
09:13 Next year, the government
09:15 will have the Easy E-Receipt program.
09:17 How will the program
09:19 affect the people?
09:21 Mr. Somchai.
09:23 It will make people
09:25 have more money
09:27 and they will want to buy more.
09:29 But how will the lower class
09:31 who don't have money
09:33 buy?
09:35 They will try to get all the money
09:37 but they won't get it.
09:39 I think the situation
09:41 is that the lower class
09:43 have to pay
09:45 a high rent and
09:47 electricity.
09:49 We see this from many social media.
09:51 They say that the prices are not good
09:53 and the government's investment
09:55 is not enough to pay the rent.
09:57 We hear this all the time.
09:59 It's the same.
10:01 We asked
10:03 how it is.
10:05 Most of the electricity
10:07 is online.
10:09 Some of it is distributed.
10:11 The big
10:13 lines
10:15 who deliver
10:17 electricity
10:19 are the ones who are in the market.
10:21 Those who are weak
10:23 and don't have the support
10:25 will be bored and
10:27 won't do it.
10:29 It's not good.
10:31 If it's the way to survive
10:33 in the end of this year
10:35 what should we do?
10:37 We have to work harder
10:39 and find more
10:41 customers.
10:43 We will see how to find
10:45 more products
10:47 and how to
10:49 provide them
10:51 to the people.
10:53 We will find products
10:55 that are different from the ones
10:57 that are sold at the market.
10:59 We will find small factories
11:01 that are still open
11:03 and sell them.
11:05 Will the prices be better?
11:07 Now, the prices at home
11:09 are not as good as the ones at the market.
11:11 The prices are for the workers
11:13 or people who want to save money.
11:15 The canned fish is 10 baht.
11:17 The fish sauce is 10 baht.
11:19 The prices are better, right?
11:21 Yes.
11:23 About the 10,000 baht donation
11:25 it's been a while.
11:27 Do you still hope
11:29 that the digital donation will be 10,000 baht?
11:31 I don't think
11:33 we will do it.
11:35 We shouldn't do it.
11:37 If we have 500,000 baht
11:39 to develop it
11:41 to make it sustainable
11:43 or to reduce the promotion
11:45 to give the people
11:47 more food.
11:49 We should focus on
11:51 the special car parts.
11:53 We should build the market
11:55 at a lower level.
11:57 It's better.
11:59 If we donate 10,000 baht,
12:01 we will run out of food in a month.
12:03 It's still beneficial
12:05 to the people at a lower level.
12:07 It's also beneficial to the big companies.
12:09 Big companies will be rich
12:11 because they produce
12:13 almost everything in the country.
12:15 They have all kinds of food.
12:17 They have time to produce
12:19 for 24 hours.
12:21 Most of the money
12:23 will go to the big companies.
12:25 3-4 big companies.
12:27 They should focus on the people
12:29 more than the companies.
12:31 They produce, sell, and distribute.
12:33 That's all.
12:35 Thank you, Mr. Somchai.
12:37 We will wait to hear from the government.
12:39 Thank you.