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Over 1,300 factories were up for sale or out of business in first 10 months of 2019

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6 minutes ago, smutcakes said:

Stop being ridiculous, Chinese labor costs are higher or on a par with Thailand. There are not millions of prisoners working almost for free.

 

Places like Burma, Cambodia and Laos  may have cheaper labor rates but there are many other factors affecting why a company would locate there. All of them have terrible bureaucracy, Laos has unstable and expensive power, is about 1000 km from the nearest deep sea port, even lower skilled labor than Thailand etc etc

 

Labour is one piece of the jigsaw but there are many others.

 

You must open our eyes and read other newspapers than those " aux ordres ";
In all the countries there are prisoners who work for next to nothing  and curiously China is the most populous country and also the one in which there are the most prisoners ...
I'll let you guess what's next ...

 

Laos produces a huge quantity of electricity that this country sells to Thailand, which itself resells a good part of it in Cambodia.
As for the cost of transport is peanuts compared to the selling price of a product.
Moreover, if the cost of transport was significant in the price of a product, it is a long time since Western countries have repatriated their production from China to their homes.

And finally, the train line linking China to Malaysia is nearing completion in Laos;
Laotian products made by Chinese factories and where Chinese workers work can easily "travel" to China first and then to the ports of Malaysia when the line is completed in Thailand.
(It has been around for a long time in Malaysia)

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Sheesh, another so-called story backed-up by ludicrous and irrelevant numbers. The Thai workforce is getting on for 40 million people, and we're supposed to get alarmed because some factories employing 35,000 people - around one-tenth of one percent of the workforce - might or might not be in trouble? Give us a break and get some meaningful statistics, please!

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2 hours ago, Denim said:

Relax. All part of returning happiness to the people. The thinking is that by mismanaging the economy , the government will cause more unemployment and the working classes will have a lot more free time to pursue their hobbies or wander aimlessly around shopping malls window shopping.

More time to enjoy the wine tastings as well so they can get the correct wine to go with their Somtam and not drink those dangerous spirits.

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2 minutes ago, Assurancetourix said:

 

You must open our eyes and read other newspapers than those " aux ordres ";
In all the countries there are prisoners who work for next to nothing  and curiously China is the most populous country and also the one in which there are the most prisoners ...
I'll let you guess what's next ...

 

Laos produces a huge quantity of electricity that this country sells to Thailand, which itself resells a good part of it in Cambodia.
As for the cost of transport is peanuts compared to the selling price of a product.
Moreover, if the cost of transport was significant in the price of a product, it is a long time since Western countries have repatriated their production from China to their homes.

And finally, the train line linking China to Malaysia is nearing completion in Laos;
Laotian products made by Chinese factories and where Chinese workers work can easily "travel" to China first and then to the ports of Malaysia when the line is completed in Thailand.
(It has been around for a long time in Malaysia)

Saw a documentary years ago where they interviewed a Vice President of General Motors about moving production overseas.

 

He stated that only 7% of the cost of building a car was the cost of manual labour. Then there's distance, increased inventories in the market country, and the time and costs involved in shipping stuff half way around the World.

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9 hours ago, happy chappie said:

the futures so bright I've got to wear shades.i see this coming before I got married and that was over 3 years ago.

i used to say...teerak soon Thailand will have a financial money tsunami and here it comes.

most in this government probably thought it was good to have a strong baht.....oh yes we are champions,our baht super strong,better than any money around the world.

now the ship has started to hit the fan they are left scratching their heads and it's slowly dawned on them it ain't such a good thing.

with household debt thrown in this country is in for a proper rough ride.

should their ignorance buffalo standard brain be held accountable like ‘a dereliction of duty’ while reaping the benefits of a high baht welfare recipient, or should they be forgiven and provided with compassion of the amount of other people’s money that has dwindle and collapsed due to their selfish greed a a public idiot in public office, will the idiot PM take responsibility and resign or is his ego TO BIG ?  

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9 hours ago, BestB said:

Once again contradicting news, Just few weeks ago, BOI stated heaps of new companies and investments.

 

Just like economy news, one day its falling apart, the next day is booming and growing.

 

One day tourist numbers are down, next day its an increase and more than ever

 

One day exports are down, next day exports have grown

 

Is everyone in this government suffering with bipolar?

 

Nah just <deleted> propaganda for the imbeciles who are unable to think for them self, who are unable to have self responsibility, and unable to self rule themselves. thanks to the idiots also then for this mess, let’s face it they vote idiots into seats of power ! 

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23 minutes ago, mikebell said:

Yet the Minister for Employment said today 'unemployment is at 1%'.  Of the 99% in jobs, how many of them work?  Check out Thaiwatsadu lurking in groups actively avoiding customers.  You could chop the payroll in half at any superstore.

In most Western countries, where people are registered for unemployment (not sure if this happens in Thailand due to there being no real social welfare), it's stated that the lowest possible unemployment rate is never going to lower than around 5'ish%.

I always thought it (In)un-credible that Thailand could quote 1% as a realistic figure.

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