Most CEOs not confident of govt's Covid-19 measures
A majority (53.3%) of chief executive officers were not confident of the government's handling of the Covid-19 outbreak, according to a CEO Survey by Krungthep Thurakit newspaper on their business strategies in response to the epidemic.
The rest (46.7 per cent ) said the measures were sound and appropriate .
Of the respondents, 17.7 per cent were in the finance sector, 14.6 per cent manufacturing , 13.1 per cent IT and telecom , 12.6 per cent property and 7.6 per cent in the retail sector.
43.7 per cent of the CEOs said their companies experienced medium impact from the outbreak, 20.1 per cent were severely affected, 30.7 per cent felt minor impact and 5.5 per cent saw no impact at all.
When asked how they adjusted their operations during the outbreak, 32.6 per cent cited cost-cutting , while 14 per cent looked for new markets.
38.2% of them believed that the outbreak would ease off in the second quarter, 32.2 per cent in the third quarter, 12.1 per cent fourth quarter. The rest said it was hard to predict.
