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Govt seeks more funds from Beijing for three projects including Bangkok-Kunming Highway

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On 9/9/2019 at 6:46 PM, overherebc said:

Might get a good Chow Mein or Chop Suey soon then.

For Chop Suey, or any "Chinese" food that's palatable you gotta go to US. They should do a San Francisco - Pattaya train instead.

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52 minutes ago, DrTuner said:

For Chop Suey, or any "Chinese" food that's palatable you gotta go to US. They should do a San Francisco - Pattaya train instead.

My first intro'to real Chinese food was there in the 70's. Ordered dishes I was used to in UK and when they arrived on the table they looked nothing like I had had before but they were really good.

First time I had soft shell crabs and I admit it took me a minute or two to stick the whole thing in my mouth, but, I couldn't get enough of them while I was there.

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11 hours ago, Srikcir said:

True but not really countering the question 'Why is the Thai government borrowing money at all?'

BoT has sought new laws (2015) that allow it to invest in higher risk public, government and corporate bonds - a debt instrument.

The proposed law would include (unknown if passed) investment in the newly created Sovereign Wealth Fund used to buy shares in Thai companies that would build and operate government infrastructure projects in Thailand!

So while BoT holds and manages the foreign reserves, it could indirectly make those funds available to the Thai government. If and when it does, the Public is unlikely to know.

How does a central bank obtain the foreign currencies to put into its foreign currency reserves in the first place? It has to borrow money to buy the currencies, usually by issuing its own bonds. What do you think the central banks often do with the currencies anyway? A big portion of it I believe would be invested in treasury bonds of other countries. The foreign bonds would generate an income but at the same time the local bonds that were issued to pay for the currencies would incur an interest cost. At the end of the financial year, the central bank might incur a loss or a profit due to this. Central banks often do this to prevent their local currencies from appreciating too fast.

Likewise, the government can do the same thing like the central bank if it needs foreign currencies to pay a foreign supplier. But if a foreign lender can give the government a loan at preferential rates and terms, taking it might be a better or cheaper choice.

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5 hours ago, bizboi said:

…the central bank IS the Governments bank, thats where reserves are held!!

The government's reserves and the central bank's reserves are two very different things. The government can only have reserves if it has been overtaxing the people. But if it is running a deficit budget, it's likely that it doesn't have any reserves.

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Junta mantra :

 

Borrowing good.

 

Repaying .....not in our lifetime..

 

Why worry ....be happy.

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Thats handy you could an UBER from Bangkok to Kunming wait and return

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On 9/10/2019 at 6:31 AM, Thongkorn said:

Selling there Souls to the Devil.

their....  yeah yeah I know, what he said

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23 hours ago, Jimdandy said:

And with the money will come more influence over culture and global expansion of Beijing's philosophy. Isn't the lesson in Hong Kong and Taiwan enough to figure it out yet?

Don't be silly, Thailand learn from other countries, like trying to teach an old dog new tricks. The only thing Thailand government learns is how to line they pockets with more money, they really don't give a sh%%$#@^&t about their country.

Edited by DUNROAMIN
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If people wanted to live in China they would go to China. But they don't because it's a horrible place. The Chinese leave China. Do'n't let the Chinese turn the rest of Asia into China. It will be sh*t.

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On 9/10/2019 at 8:58 AM, Expat Tom said:

Certainly, the people in charge of the government of Thailand are just plain stupid! They will merrily lead Thailand into the Chinese debit trap and finish ruining this country. Complete idiots....submarines? Need I say more. 

In December, I'm out of here. 

You mean like Hinkley Point and Bradwell, why do people blame Thailand for taking a leaf out of the UK's book.

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On 9/9/2019 at 7:19 PM, Reigntax said:

Thailand soon to be named South East China.

Could become known as "Chithai-land" like "Chinbodia" across the border!

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1 hour ago, Burma Bill said:

Could become known as "Chithai-land" like "Chinbodia" across the border!

Chailand, of course. Tee growers will be happy.

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