Jump to content
BANGKOK
snoop1130

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

Recommended Posts

Maybe, just maybe. 

The fat cats will start to look at what can be done to ease the pain. 

I've mentioned this before. 

Economy is a balance between domestic and export sales. 

Investors will not invest in Thailand when its running in overdrive on exchange rates. 

Who wants to buy Thailand exports when they are more than 30% dearer than home country products?

They will also look at cheaper option countries. 

Those who offer incentives, or concessions. 

 

Its not just the tourists who are feeling the pain. 

  • Like 1
  • Thanks 1

Share this post


Link to post
Share on other sites
7 minutes ago, Chazar said:

for roadkill

You sound like the half empty type. Instead of roadkill, I say auto parts manufacturer stimulus. 

Edited by Tayaout

Share this post


Link to post
Share on other sites
1 hour ago, smutcakes said:

Which BIG Boys are you referring to?

I think investing in manufacturing here is a far cry fro the complex issues surrounding mineral deposits and state concessions.

 

Japan.

 

image.png.69cda2fc8234d23c72a1b27e5e11d535.png

 

 

 

 

 

 

Share this post


Link to post
Share on other sites
2 minutes ago, dallen52 said:

0.67% unemployment rate is touted. As published. 

Beyond the big cities and employers, are millions more who pay no taxes nor have employment benefits. 

For a country that has id cards, it should not be too hard to get a better snapshot of what is happening. 

 

Just look at FB. 

Just about every thai woman is self employed.... lol.

They probably wouldn't, but The Economist could probably give a true estimate of unemployment in Thailand. Anywhere between 5-15%, realistically??!!

  • Like 1

Share this post


Link to post
Share on other sites
8 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?

 

These radical swings need to be reported to the fake news ministry (or whatever the heck they call that department). They'll get right on it. Problem sorted.

  • Like 2

Share this post


Link to post
Share on other sites
14 hours ago, Yadon Toploy said:

There are dozens of major companies out on the Eastern Seaboard in trouble. Many are shuttering up for a few months and laying off staff. 

 

There's major trouble ahead.

It’s the Thai Baht ... end of ... About time they realise that tourism and trade will be destroyed and they will go back to third world not emerging market “;0(

Share this post


Link to post
Share on other sites
3 hours ago, jlwilliamsjr18 said:

Agreed.  This condition is nothing new. It's been coming for a long time. Young Thais are way over their heads in debt (virtually 80% of GDP is debt), unchecked expansion, construction etc, and unmonitored tourism will not make it all good. At the same time blaming expats and others doesn't help either. 

 "Thais are way over their heads"

 

You're right but those who mismanage the economy are way in over their heads too. The day of reckoning is slowly coming. They can only keep fooling the people for so long.

  • Like 2

Share this post


Link to post
Share on other sites
8 hours ago, BestB said:

Is everyone in this government suffering with bipolar?

Maybe, but they are definitely suffering from willful stupidity and incompetence, not to mention their magic machine that lets them pull whatever numbers out of their rear orifices to justify what they want to believe in defiance of reality.

  • Like 1

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Recently Browsing   0 members

    No registered users viewing this page.

×
×
  • Create New...