webfact Posted June 11, 2019 Share Posted June 11, 2019 Uncertainty over new government stability dampens economic outlook, says SCB’s EIC Although investors have somewhat eased their worries about the local politics, the question over stability of the new government continues to dampen economic outlook, according to a research by the Siam Commercial Bank’s Economic Intelligence Center. On June 5, Prime Minister Prayut Chan-o-cha was elected as Thailand’s next prime minister in a joint upper and lower house parliamentary vote, bringing more clarity to the local political scene. However, the SCB’s EIC said that the new government will face difficulty in balancing the interest of each coalition party which made different promises to their voters. Moreover, the numbers of the MPs of the government and opposition camps are too close, raising the question over the longevity of the new government. Full story: https://www.thaipbsworld.com/uncertainty-over-new-government-stability-dampens-economic-outlook-says-scbs-eic/ -- © Copyright Thai PBS 2019-06-11 Follow Thaivisa on LINE for breaking Thailand news and visa info Link to comment Share on other sites More sharing options...
Mavideol Posted June 11, 2019 Share Posted June 11, 2019 no kidding...sure investors will be worried and so are we. But there is something incorrect in the above report saying ...""" On June 5, Prime Minister Prayut Chan-o-cha was elected as Thailand’s next prime minister.....""" he was not elected, he elected himself Link to comment Share on other sites More sharing options...
soalbundy Posted June 11, 2019 Share Posted June 11, 2019 The numbers of government and opposition MP's is too close...surely that gets changed with money here. Link to comment Share on other sites More sharing options...
Chrisswe Posted June 11, 2019 Share Posted June 11, 2019 4 hours ago, Mavideol said: no kidding...sure investors will be worried and so are we. But there is something incorrect in the above report saying ...""" On June 5, Prime Minister Prayut Chan-o-cha was elected as Thailand’s next prime minister.....""" he was not elected, he elected himself Yes by MONEY !!! Link to comment Share on other sites More sharing options...
Kasane Posted June 11, 2019 Share Posted June 11, 2019 "Democratic dictatorship" is messing the economy. No kidding. Link to comment Share on other sites More sharing options...
overherebc Posted June 11, 2019 Share Posted June 11, 2019 And the baht goes marching on. Just sayin'. Link to comment Share on other sites More sharing options...
Chang_paarp Posted June 11, 2019 Share Posted June 11, 2019 The government might change, but the PM will stay the same because of the "interesting" system used to select the PM. Can anyone say gerrymander? Link to comment Share on other sites More sharing options...
Eligius Posted June 11, 2019 Share Posted June 11, 2019 24 minutes ago, Chang_paarp said: The government might change, but the PM will stay the same because of the "interesting" system used to select the PM. Can anyone say gerrymander? It is far, FAR more than mere gerrymandering. That is the least of it. What has obviously been going on is so heinous and despicable that --- well, I'd better shut up at this point! Link to comment Share on other sites More sharing options...
RichardColeman Posted June 11, 2019 Share Posted June 11, 2019 7 hours ago, webfact said: Moreover, the numbers of the MPs of the government and opposition camps are too close, raising the question over the longevity of the new government. Only until they can rake up some muck Link to comment Share on other sites More sharing options...
Wilsonandson Posted June 11, 2019 Share Posted June 11, 2019 Uncertainty over new government stability dampens economic outlook, says SCB’s EICNo wonder with Laurel and Hardy in control. Link to comment Share on other sites More sharing options...
chama Posted June 11, 2019 Share Posted June 11, 2019 Envelopes will be passed and the opposition will fall in line and things will remain the same. Link to comment Share on other sites More sharing options...
Denim Posted June 11, 2019 Share Posted June 11, 2019 Go to your bathroom and flush the toilet. This will give you a clear idea of where the Thai economy is ultimately heading under continued Junta leadership. Most posters were not here when Thailand led the last crash . For those that were it was a gravy train for ex pats. Don't worry though because Prayuth and co will sell Thailand's sphincter to the Chinese and all will be well. But for whom is the question. Link to comment Share on other sites More sharing options...
30la Posted June 12, 2019 Share Posted June 12, 2019 The economy in Thailand has been falling since 2014, military spending has increased since then. Link to comment Share on other sites More sharing options...
lipflipper Posted June 12, 2019 Share Posted June 12, 2019 So All the economic indicators, i.e. GDP, Consumer Confidence, Household Debt, Declining Exports, High loan defaults and YET the Baht still remains high??? It's nothing more than a smoke screen as with the new government having such a slim majority to do anything things are only going to get worse for the vast majority of Thais. The U.S. Treasury only recently placed Thailand once again on the watch list for currency manipulation, ignore those warnings at your own risk.Sent from my CMR-AL19 using Thailand Forum - Thaivisa mobile app Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.