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Strengthening of baht and divisive politics could hurt Thai economy

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Why not tell us WHO buys Thai Bonds, a.k.a. the hot money inflows that have devastated the USD, and thus other connected western currencies.   Why do they never tell us?  What do they hide?  Who's taking pay-offs?

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It certainly wouldn't hurt the Thai economy to introduce a modest age pension. One thing you can guarantee with the poor is that they will spend it immediately. Money makes the world go around, as they say.

 

But in all seriousness, it'll never happen because the government is so ignorant that the thought of 'giving money away' is abhorent to them.

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COULD, every Thai Bird , calling to borrow money 💰 and it’s only 15th

Edited by Nice Boyd
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only a week or so back the manager of the Thai bank said must stop the baht going any higher looks like the General (PM) has put a stop to that ( army rules) forget the people their not wanted they have no money strange it has been said the gov. has no money also blown the lot big troubles a head

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19 hours ago, ChipButty said:

Local Thai people are suffering they've got no money the government dont give a flying <deleted>, our cleaners come today borrow 2000 Baht because no tourist here

But  "The Thailand Tourism Intelligence Centre says 23.1 million foreign tourists visited the Kingdom between January and the end of August this year, up nearly 2% compared to the same period last year. The big mover is Indian tourists, up 24% year on year." 

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You you to be a mind reader to have seen this 6 months ago! Too little action, too late! 

 

Reduce Thailand's base rate and re-introduce commercial currency restrictions would help!

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1 hour ago, sambum said:

But  "The Thailand Tourism Intelligence Centre says 23.1 million foreign tourists visited the Kingdom between January and the end of August this year, up nearly 2% compared to the same period last year. The big mover is Indian tourists, up 24% year on year." 

It's all about big volume here. A million Smarties seem to be worth more than one BMW...

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22 hours ago, Elkski said:

Wow some intelligence shining through

It’s a single photon of light in the vast interstellar darkness.

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21 hours ago, RotBenz8888 said:

Could? Isn't the economy already impacted?

Not really.  Growth still over 2%, current account surplus is huge, unemployment still extremely low.

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8 hours ago, Xonax said:

Compared to 5 years ago, I get 25% less Baht for my Euro, so if anyone in the government are still wondering, why European tourists no longer travel to Thailand, just look at the below chart showing Euro vs Baht during the last 5 years.

https://www.advfn.com/stock-market/FX/EURTHB/chart

EURTHBCHART20142019.jpg

EURTHBchart1Y.jpg

go back another 15 years and you'll see a slow negative trend in the EUR.  Was at 52 about 11 years ago.

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4 hours ago, Bugsy777 said:

It certainly wouldn't hurt the Thai economy to introduce a modest age pension. One thing you can guarantee with the poor is that they will spend it immediately. Money makes the world go around, as they say.

 

But in all seriousness, it'll never happen because the government is so ignorant that the thought of 'giving money away' is abhorent to them.

There is already a modest age pension in place, very modest.  There are also monthly social security payments to those who paid into the system and retired.

 

Giving money away is hardly abhorrent to the government, it's a way to retain favor.  You must have missed the news about the 1,000 THB giveaway to all Thai citizens to promote domestic spending and tourism. 

 

These programs do  not add up to much, but they are something.

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