Major Economic Issues For Thailand

[lomuamart]

And we'll all be paying some tax soon!!

[migrant]

Well it helps the exchange rate at least

[Suua]

Great article here.....

Time to stop making empty promises
https://www.bangkokpost.com/opinion/opi ... y-promises

[caller]

And yesterdays offering from Chratchai Parasuk is quite sobering reading as well. Interesting factual data about reduced tourist spending, despite the numbers now visiting.

https://www.bangkokpost.com/opinion/opi ... ur-economy

[caller]

A good article from Al Jazeera, basically spells out what has gone wrong for Thailand, as discussed by Thai academics. Pity they don't get aired here. Nothing unknown, just reassuring to hear Thais talk about it.

https://www.aljazeera.com/economy/2024/ ... race-ahead

[buksida]

Slowdown weighs on current account
Thailand's waning appeal in terms of attracting foreign direct investment (FDI), an uneven tourism recovery and the currency outlook are pressuring the country's current account surplus, which is still below the pre-pandemic level, says BMI, a Fitch Solutions company.

Thailand, once a magnet for foreign capital, now has to contend with escalating regional competition.

India and Vietnam have emerged as the major recipients of a shift in investment currents, BMI said in its research.

In stark contrast, Thailand is trailing, unable to keep pace with its peers because of several factors such as demographic challenges and an unstable political landscape.

https://www.bangkokpost.com/business/ge ... nt-account

Funny how the politicians and bankers are singing a completely different tune ...

[Suua]

They're lying?????

[caller]

They're lying?????

This is an interesting comment about projected GDP, and it will be interesting to see what figures are published (not full quote):

'The official Q1 GDP has not been announced by the NESDC. I expect the growth figure will be around 1.2%. Readers might raise an eyebrow
as to why I said NESDC's figure is likely 1.2% while my own estimation is 0.98%. The answer is this is Thailand, and a growth figure below 1% is not politically acceptable.'

From Dr. Chartchai Parasuk's latest Bangkok Post article about the state of the Thai economy. Grim reading.

https://www.bangkokpost.com/opinion/opi ... ic-figures

[Suua]

I save all of Dr.Chartchai's articles.
I remembered in one of his articles that he outright accused the BOT of lying.....

https://www.bangkokpost.com/opinion/opi ... 14-billion

Towards the end of his article......
Quote: But, in Thailand, actual data is sometimes manipulated.
Quote: A final note to the BoT: honesty is always the best policy. There should be lessons learned from manipulating foreign reserve data in 1997.

I love this man!

[Ratsima]

And yesterdays offering from Chratchai Parasuk is quite sobering reading as well. Interesting factual data about reduced tourist spending, despite the numbers now visiting.

https://www.bangkokpost.com/opinion/opi ... ur-economy

I always look forward to his column. While I may not agree with everything he says, he writes clearly, makes his points well and in an easy-to-understand way. I always learn something.