snoop1130 Posted November 29, 2019 Share Posted November 29, 2019 Thai October exports fall 5% year on year, current account surplus narrows - central bank FILE PHOTO: Thailand's central bank is seen at the Bank of Thailand in Bangkok, Thailand April 26, 2016. REUTERS/Jorge Silva/File Photo BANGKOK (Reuters) - Thailand's October current account surplus was $2.91 billion versus $3.53 billion in September, the central bank said on Friday. Exports contracted 5% from a year earlier, after falling 1.5% in September. Imports fell 9.2% from a year earlier, after declining 4.5% in September. The October trade surplus was $2.09 billion, compared with September's $2.69 billion surplus. Private consumption in October rose 1.1% from the previous month, while private investment was up 1.7%. -- © Copyright Reuters 2019-11-29 Follow Thaivisa on LINE for breaking Thailand news and visa info Link to comment Share on other sites More sharing options...
petermik Posted November 29, 2019 Share Posted November 29, 2019 So the current account surplus fell .6 billion baht in just one month....keep going at this rate and nothing will be left in a few months time.... Link to comment Share on other sites More sharing options...
sammieuk1 Posted November 29, 2019 Share Posted November 29, 2019 Oh dear that's a disaster terrible news a catastrophe hip hip hooray???? Link to comment Share on other sites More sharing options...
Brigand Posted November 29, 2019 Share Posted November 29, 2019 Exports and tourism are contracting for one simple reason ... the high baht (maybe the officialdom fascism too). As long as it stays like this then it will continue to decline, but the elites don't care as it benefits their plan. The BoT is under orders from a very select few people and until they have satiated their greed nothing will change. I only hope that the international markets everntually catch them out and screw them over for being such douchebags. Link to comment Share on other sites More sharing options...
Tayaout Posted November 29, 2019 Share Posted November 29, 2019 1 hour ago, petermik said: So the current account surplus fell .6 billion baht in just one month....keep going at this rate and nothing will be left in a few months time.... The numbers are in USD. Link to comment Share on other sites More sharing options...
worgeordie Posted November 29, 2019 Share Posted November 29, 2019 Will all this negative news affect the THB.....? regards worgeordie Link to comment Share on other sites More sharing options...
Cadbury Posted November 29, 2019 Share Posted November 29, 2019 Dear oh dear! Things are looking very bleak. Everything going downhill since Khun Prayut Chan-o-cha usurped the duties of Deputy Prime Minister Somkid Jatusripitak as head of the government's economic team. Somkid now has been relegated to the equivalent of a used car salesman by trying to drum up foreign investment for the EEC . I thought before he did a reasonable job and presented well. But maybe economically wet behind the ears inexperienced military generals can do better? Link to comment Share on other sites More sharing options...
RotBenz8888 Posted November 29, 2019 Share Posted November 29, 2019 Time to call the teflon economy-bluff. Link to comment Share on other sites More sharing options...
baansgr Posted November 29, 2019 Share Posted November 29, 2019 Nick Lesson got away with it for years...then the bank was sold for a quid...same same what's happening here, wake up to Blomberg one morning for the news. Problem being, with the Baht crashing, it won't help tourism, exports or investment for years to come if at all. Link to comment Share on other sites More sharing options...
mok199 Posted November 29, 2019 Share Posted November 29, 2019 Time for the Casino's .....Las Thailand baby... Link to comment Share on other sites More sharing options...
Creasy Posted November 29, 2019 Share Posted November 29, 2019 What’s the Ayatollah, RocknRolla of the economy Prayut going to do about it ? Order ? Demand? Encourage? Or spit the dummy ? Link to comment Share on other sites More sharing options...
colinneil Posted November 29, 2019 Share Posted November 29, 2019 There is no need to worry folks, little P will soon order his minions to fix the problems in 7 days. Link to comment Share on other sites More sharing options...
ChipButty Posted November 29, 2019 Share Posted November 29, 2019 Blame it on the Farang like you normally do Link to comment Share on other sites More sharing options...
metisdead Posted November 29, 2019 Share Posted November 29, 2019 Please continue in the new updated topic now running here: //Closed// Link to comment Share on other sites More sharing options...
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