Major Economic Issues For Thailand
Re: Major Economic Issues For Thailand
And we'll all be paying some tax soon!!
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Re: Major Economic Issues For Thailand
Well it helps the exchange rate at least
The proper function of man is to live, not to exist. I shall not waste my days in trying to prolong them. I shall use my time.
Re: Major Economic Issues For Thailand
Great article here.....
Time to stop making empty promises
https://www.bangkokpost.com/opinion/opi ... y-promises
Time to stop making empty promises
https://www.bangkokpost.com/opinion/opi ... y-promises
Re: Major Economic Issues For Thailand
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
https://www.bangkokpost.com/opinion/opi ... ur-economy
Talk is cheap
Re: Major Economic Issues For Thailand
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
https://www.aljazeera.com/economy/2024/ ... race-ahead
Talk is cheap
Re: Major Economic Issues For Thailand
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 ...
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 ...
Who is the happier man, he who has braved the storm of life and lived or he who has stayed securely on shore and merely existed? - Hunter S Thompson
Re: Major Economic Issues For Thailand
They're lying?????
Re: Major Economic Issues For Thailand
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
Talk is cheap
Re: Major Economic Issues For Thailand
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!
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!
Re: Major Economic Issues For Thailand
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.caller wrote: ↑Fri Mar 22, 2024 1:39 pm 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