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BANGKOK 18 July 2019 10:26
webfact

Thai exports pay price for US-China trade war

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47 minutes ago, British Bulldog said:

new investments from Large Multi Nationals are at an all time low, nobody wants to invest in a Country controlled by the Military,  take the small example of the GoT closing down the Australian invested Gold Mine Chartry mine ... no reason, no excuses ... now moths years of both the Investors including the Australia Govt. asking why ? If that was never a warning to overseas investors I don't know what would be ! 

Without getting involved emotionally, fact is, the Chatree mine issue has not and will not stop other foreign companies from investing into Thailand nor has the issue related to Hopewell Bangkok Elevated Road and Train System.

Also, Thailand is still the second largest economy in Southeast Asia after Indonesia.

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6 hours ago, webfact said:

THAI EXPORTS contracted in April by 2.6 per cent year on year, hitting their lowest level in 24 months, impacted by the US-China trade war, the Commerce Ministry said yesterday,

I remember clearly the Commerce Ministry saying at the time that USA - China trade tariffs were first being mooted, that it would have ZERO impact on Thai trade and the Thai economy.

At the time i thought, mmm these people really are idiots.

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Some off topic posts about electric cars and Australia have been removed

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1 hour ago, fantom said:

With regard to the thai baht, when I originally put 800,000 baht into an account for my 'visa' it cost me 25,000 Australian (real) dollars, If I had to do it today, it would cost 37,000 AUD.

A similar trend has occurred in the British pound and the Canadian dollar.

The Baht has increased.

With the Euro also, 20% maybe not in 3 years but in 5 years 

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4 hours ago, wisperone said:

They need to sell more forest mushrooms to China.  Sorry Chiang Mai.

Nope, Chiang Mai may be the key - exporting polluted air to China - a win win ...

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2 hours ago, Pedrogaz said:

The Thai baht hasn't increased in value by 20% over the past 3 years against a basket of currencies, with the exception of one currency, the pound sterling.....and it is not baht strength, but pound weakness due to Brexit, that is the issue. You are confusing Britain with the world and inflating its importance in world affairs. 

The Baht has increased of 20% against the Euro, maybe not in 3 but in 5 years ! It is a general tendency 

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“The baht will not appreciate to more than 31 baht to the dollar in 2019” HA HA, sorry but that’s already happened a few times including this morning it fluctuated to 32.01 baht to the dollar earlier this morning but now it’s fluctuated back down to 31.98. Lately it’s been staying above 31.9 baht to the dollar and holding stable. Just last month it was 31.5 baht to the dollar now it’s holding steady at just barely below 32 baht to the dollar between 31.95 and 31.98 and occasionally it does jump above 32 baht to the dollar. It’s looking a lot better lately and I agree this article is wrong but not for the same reasons that some people are saying. Unfortunately you can’t trust local media information regarding economics or politics right now.


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6 hours ago, smedly said:

This article is complete BS

 

The reason Thai exports are down is because the Thai baht has increased in value pretty much 20% over the last 3 years and continues to rise

 

Why ?

 

Because the money in Thailand is buying up and investing overseas - they don't give a &&&& about the Nations economy - there is a point when it will hit a wall - what is saving Thailand right now is Global volatility 

The Thai baht today is not strong against the dollar historically. Three years ago at 35-36 it was weak because of the uncertainty of the man who cannot be named.

There is a drop in trade because Thailand manufacturers parts and sells them to China which has been hit by the tariffs. Currently I know some Chinese in Thailand trying to buy factories to diversify the risk and then ship good to USA from Thailand without the tariffs. I respect your opinion but I think it is off base unless you have inside information about trade and currency. 

FYI. I am not a Trump fan but have done trade deals with China for many years. He is absolutely correct to try and correct the Chinese trading monopoly ship before it is too late. Obama never had the nerve to address the issue because prices in USA will increase for many products. I am not saying Obama is bad or Trump is good. I am no fan of any person or politician.

 

But Thailand is doing very well financially in Asia. The only thing that will rock Thailand’s boat is an uprising by the people (red) or the young Thais who are not enjoying the fruit of Thailand’s bounty. 

The biggest smartest investors in the world are trying to invest in and figure out the Thailand EEC. If Thailand  can resolve its potential for revolution Thailand will be the next Shenzhen or Guangzhou. And that is a place my friend where you will need more money to live and stay and will feel unwanted if you are barely getting by now. You will enjoy it if you have excess cash for spending and do not mind be treated as if you are lucky to be able to live here.  It if you think prices are high now wait until the EEC is finished and Thailand has a true middle class and no longer needs any of us. 

Have a great day😊

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ALL countries in the world pay the price for the us-China trade war...

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This could just be the start of a new SE Asia currency crisis

 

https://www.bloomberg.com/news/articles/2019-05-21/kyle-bass-says-he-s-very-long-dollars-in-bet-against-hong-kong

 

Kyle Bass Says He's ‘Very Long Dollars’ in a Bet Against Hong Kong

 

“We are very long dollars and that means we are short Southeast Asian currencies, and we are focused on Hong Kong,” Bass told Bloomberg TV on Tuesday.

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3 hours ago, hotchilli said:

Thailands achillies heel... they have no influence on the automotive trade.. 

they are merely the pawn in Japans master plan.

If Japan wish to push EV's in Thailand then they will do OK if not then auto sales will keep on dropping as countries seek environmentally friendly alternative cars from other sources! 

Indeed Japan invested well and with foresight in the development of the infrastructure in Thailand, especially roads and road bridges, that is the very same roads on which the Japanese branded automobile is and will continue to be used on... I'm not sure about their infrastructure investment in Australia or their plans in that respect.   

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The trade war obviously hasn't caught up with Vietnam yet then, exports increased by 7.5% from April18 to April 19. ?

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