Popular Post Pravda Posted April 19, 2021 Popular Post Share Posted April 19, 2021 Anyone watching Thai news? All they talk about is Vietnam changing tax laws for investors and basically stealing all the jobs from Thais. It's taking more airspace than corona virus. This perhaps maybe the real reason with the latest Thai baht drop. Nothing related with corona or tourism. 4 1 1 Link to comment Share on other sites More sharing options...
Puccini Posted April 19, 2021 Share Posted April 19, 2021 45 minutes ago, Pravda said: ...This perhaps maybe the real reason with the latest Thai baht drop. Nothing related with corona or tourism Thai Baht drop against what other currency? 1 Link to comment Share on other sites More sharing options...
Popular Post Justtaste Posted April 19, 2021 Popular Post Share Posted April 19, 2021 Thailand will rise and be more stronger ever then before, it's just the matter of time. 1 11 Link to comment Share on other sites More sharing options...
Pravda Posted April 19, 2021 Author Share Posted April 19, 2021 Then there is this small issue with Toyota. Remember, if they lower the tax or make it non existent for the first 4 years like Vietnam is doing there will be lots less cookies for politicians. I know of another huge company that was circulating flyers to its employees back in 2013 for the same issue like Toyota. You kinda have to speak in riddles in this country. 1 Link to comment Share on other sites More sharing options...
Popular Post treetops Posted April 19, 2021 Popular Post Share Posted April 19, 2021 3 hours ago, Pravda said: You kinda have to speak in riddles in this country. You're managing that quite well. 6 Link to comment Share on other sites More sharing options...
FritsSikkink Posted April 19, 2021 Share Posted April 19, 2021 4 hours ago, Pravda said: Then there is this small issue with Toyota. Remember, if they lower the tax or make it non existent for the first 4 years like Vietnam is doing there will be lots less cookies for politicians. I know of another huge company that was circulating flyers to its employees back in 2013 for the same issue like Toyota. You kinda have to speak in riddles in this country. Can you show me a link to one of the newspapers talking about this? 1 Link to comment Share on other sites More sharing options...
Berkshire Posted April 20, 2021 Share Posted April 20, 2021 On 4/19/2021 at 11:45 AM, Puccini said: On 4/19/2021 at 10:58 AM, Pravda said: ...This perhaps maybe the real reason with the latest Thai baht drop. Nothing related with corona or tourism Thai Baht drop against what other currency? I think he just made that up. 1 Link to comment Share on other sites More sharing options...
DerbyDan Posted April 22, 2021 Share Posted April 22, 2021 somebody please help meee Link to comment Share on other sites More sharing options...
Popular Post Old Croc Posted April 22, 2021 Popular Post Share Posted April 22, 2021 The huge globalist companies will always seek to maximise profits by putting their factories where costs are cheapest (taxes, labor), and political circumstance stable and compliant.. It matters little if any country decides to legislate, or appeal to nationalistic ideals, in attempts to retain such industry within it's borders. The bottom line profit figure will prevail. It's all but impossible to forever remain the most attractive (cheapest) place for the multinationals to manufacture their product because increased prosperity results in a higher standard of living and higher wages and costs. At one time Thailand ticked all the boxes, now there are other contenders seeking the cream. A quasi communist country offering low taxes and controlled labor costs would seem very suitable for some companies.. 7 Link to comment Share on other sites More sharing options...
Popular Post zzaa09 Posted April 24, 2021 Popular Post Share Posted April 24, 2021 On 4/21/2021 at 6:06 PM, Old Croc said: The huge globalist companies will always seek to maximise profits by putting their factories where costs are cheapest (taxes, labor), and political circumstance stable and compliant.. It matters little if any country decides to legislate, or appeal to nationalistic ideals, in attempts to retain such industry within it's borders. The bottom line profit figure will prevail. It's all but impossible to forever remain the most attractive (cheapest) place for the multinationals to manufacture their product because increased prosperity results in a higher standard of living and higher wages and costs. At one time Thailand ticked all the boxes, now there are other contenders seeking the cream. A quasi communist country offering low taxes and controlled labor costs would seem very suitable for some companies.. We'll be watching all the SE Asian neighbors doing leapfrogs over Thailand, as they have been for the last few years. All the while, Thais sit ideally self-mesmerized in their own false grandeur - unable to adapt, change or manipulated originality. 5 1 Link to comment Share on other sites More sharing options...
BusyB Posted April 25, 2021 Share Posted April 25, 2021 March 23: €1 = THB36.26 April 24. = 38.02 € trending north since February, surging since latest Covid wave. Hope it holds ... (the baht not the wave) Link to comment Share on other sites More sharing options...
puck2 Posted April 26, 2021 Share Posted April 26, 2021 On 4/19/2021 at 11:47 AM, Justtaste said: Thailand will rise and be more stronger ever then before, it's just the matter of time. .... a matter of .....,. if you are still alive 1 1 Link to comment Share on other sites More sharing options...
Popular Post Maha Sarakham Posted April 26, 2021 Popular Post Share Posted April 26, 2021 Having visited Vietnam and seeing the hard work ethic of the Vietnamese and the unparalleled customer service, the Thais do have reason to worry. 7 1 Link to comment Share on other sites More sharing options...
alacrity Posted April 30, 2021 Share Posted April 30, 2021 On 4/20/2021 at 2:40 PM, Berkshire said: I think he just made that up. As an example: It's dropping against the GBP. The determining factor being the USD exchange rates. 1 Link to comment Share on other sites More sharing options...
billd766 Posted April 30, 2021 Share Posted April 30, 2021 26 minutes ago, alacrity said: As an example: It's dropping against the GBP. The determining factor being the USD exchange rates. The Kbank forex rate on 1st January 2021 40.31307 30 April 2021 43.09592 Peaked on 26 April 2021 43.32015 BTW both Wise and XE give much better rates than this. 2 Link to comment Share on other sites More sharing options...
BritManToo Posted April 30, 2021 Share Posted April 30, 2021 (edited) 11 minutes ago, billd766 said: The Kbank forex rate on 1st January 2021 40.31307 30 April 2021 43.09592 Peaked on 26 April 2021 43.32015 BTW both Wise and XE give much better rates than this. I got 43.7 two days back. Why the drop ...... maybe because it lost 20% of it's GDP when the tourists were locked out. Edited April 30, 2021 by BritManToo 2 Link to comment Share on other sites More sharing options...
treetops Posted April 30, 2021 Share Posted April 30, 2021 6 minutes ago, BritManToo said: I got 43.7 two days back. From KBank? Link to comment Share on other sites More sharing options...
wasabi Posted April 30, 2021 Share Posted April 30, 2021 Everyone running Thailand is playing a game way out of their league beyond whatever competence they have. The rest of SEA will continue to run circles around them. Thailand will remain the land of smiles hiding the pain of poor choices. The time of faking it til you make it is over. 2 Link to comment Share on other sites More sharing options...
champers Posted April 30, 2021 Share Posted April 30, 2021 7 minutes ago, wasabi said: Everyone running Thailand is playing a game way out of their league beyond whatever competence they have. The rest of SEA will continue to run circles around them. Thailand will remain the land of smiles hiding the pain of poor choices. The time of faking it til you make it is over. The competence lies in the civil service and the private sector. There is plenty in both, enough to contend with incompetent and self-serving politicians. This formula applies not only to Thailand but numerous Western democracies. 1 1 Link to comment Share on other sites More sharing options...
tomazbodner Posted April 30, 2021 Share Posted April 30, 2021 On 4/20/2021 at 2:40 PM, Berkshire said: I think he just made that up. Go to website of unmentionable newspaper and see. 1 Link to comment Share on other sites More sharing options...
Berkshire Posted May 1, 2021 Share Posted May 1, 2021 11 hours ago, tomazbodner said: Go to website of unmentionable newspaper and see. The currency exchange rate is a moving target. In the last few days, the THB has been strengthening against the USD...much to my dismay. Link to comment Share on other sites More sharing options...
Mark1066 Posted May 3, 2021 Share Posted May 3, 2021 On 4/30/2021 at 8:02 PM, wasabi said: Everyone running Thailand is playing a game way out of their league beyond whatever competence they have. The rest of SEA will continue to run circles around them. Thailand will remain the land of smiles hiding the pain of poor choices. The time of faking it til you make it is over. It's amazing how many expats who move to Thailand are global trade experts with experience of running a national economy. ???? Link to comment Share on other sites More sharing options...
smutcakes Posted May 4, 2021 Share Posted May 4, 2021 9 hours ago, Mark1066 said: It's amazing how many expats who move to Thailand are global trade experts with experience of running a national economy. ???? haha yes, its like those complaining about leaving X amount in the bank for visa purposes is crazy as they could reinvest that money elsewhere... The obvious reality being: 1) If they were likely to be able to invest to make noticeable money off 400 or 800K then they likely would of done that for the past 40 years and have no issue with leaving it there Link to comment Share on other sites More sharing options...
Pravda Posted May 4, 2021 Author Share Posted May 4, 2021 45 minutes ago, smutcakes said: haha yes, its like those complaining about leaving X amount in the bank for visa purposes is crazy as they could reinvest that money elsewhere... The obvious reality being: They probably did. I don't really go around having a laff at someone who bought crypto and made a killing because I don't believe in crypto, I have 250,000 Canadian in liquid cash and I am not putting it in a Thai bank account especially since major devaluation is coming due to inept government, Link to comment Share on other sites More sharing options...
smutcakes Posted May 4, 2021 Share Posted May 4, 2021 3 minutes ago, Pravda said: They probably did. I don't really go around having a laff at someone who bought crypto and made a killing because I don't believe in crypto, I have 250,000 Canadian in liquid cash and I am not putting it in a Thai bank account especially since major devaluation is coming due to inept government, No one is asking you to put 250K in a Thai bank. Link to comment Share on other sites More sharing options...
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