Shippers ask BOT to ease export pressure caused by baht’s rise

[webfact]

Shippers ask BOT to ease export pressure caused by baht’s rise

By The Nation

 

 

The Thai National Shippers' Council yesterday asked the Bank of Thailand to seek ways of relieving pressure on exports from the rising baht.

 

Council vice chairman Visit Limluecha said he had discussed the matter with central bank governor Veerathai Santiprabhob, adding that the strengthening baht is hurting the competitiveness of Thai exports.

 

He said the council did not specify an appropriate level for the baht value and did not ask the central bank to interfere with its value.

 

He also asked the bank to relax conditions for its soft loan programme so as to widen access to credit for small business operators.

 

Source: https://www.nationthailand.com/business/30392820

 

-- © Copyright The Nation Thailand 2020-08-13

 

- Whatever you're going through, the Samaritans are here for you

- Follow Thaivisa on LINE for breaking COVID-19 updates

[Matzzon]

1 hour ago, webfact said:

The Thai National Shippers' Council yesterday asked the Bank of Thailand to seek ways of relieving pressure on exports from the rising baht.

 

1 hour ago, webfact said:

He said the council did not specify an appropriate level for the baht value and did not ask the central bank to interfere with its value.

The two statements above is a clear contradiction. So, what are they asking for then? Oh, yes, see below. ????

 

1 hour ago, webfact said:

He also asked the bank to relax conditions for its soft loan programme so as to widen access to credit for small business operators.

Ok, and how is more credit, going to be easier for them? To borrow more money during a time you are not sure to have the capacity to make payments is a success story for great disaster.

[RichardColeman]

I imagine the response will be please raise your prices in order to make up for lost business

[trainman34014]

Waste of time; too many 'Elite' doing very well using the strong Baht to help themselves !

[hotchilli]

Nothings happened about the bahts strength for a long time... the struggling companies have to endure the new regimes policy.

It's a bit like... "we'll screw all of you to the point you ask for subsidies or soft loans', then when we help you, you are in out debt for-ever more.

That's how dictators work they've got you in their grip.

[petermik]

BOT has nothing to do with it...it,s the elite here who decide

[Isaan sailor]

Central bankers replied to Thai shippers: Mai ben rye.  They’re hellbent on an ever rising Baht.

[Isaan sailor]

5 minutes ago, hotchilli said:

Nothings happened about the bahts strength for a long time... the struggling companies have to endure the new regimes policy.

It's a bit like... "we'll screw all of you to the point you ask for subsidies or soft loans', then when we help you, you are in out debt for-ever more.

That's how dictators work they've got you in their grip.

That’s also the way CCP works with their BRI and lesser countries.

[Cake Monster]

13 hours ago, webfact said:

He also asked the bank to relax conditions for its soft loan programme so as to widen access to credit for small business operators.

Well ! That is not going to happen.

The banks are already bricking themselves over the amount of NPL they are projecting.