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30
Thaksin Warns: Thailand's Economic Woes Worse Than 1997 Crisis
And back in 1993, long before Thaksin came to power you were lucky to get 38 THB/GBP. You can't even blame blame Thaksin for the Tom Yam Gung crisis, as he wasn't in power then either. He won the election and the downside of winning was sorting out that mess. PTP and Thaksin inherited this crisis as well. -
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So you want to live in the rural area about 1 hour of Bangkok
You want to go further out than one hour -
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Brutal Debt Collectors Apologise After Wrecking Shop in Rage
Borrowing money from friends and family is the normal way of things here in Thailand. Here in the rural northeast, I notice signs this year that family incomes are getting squeezed. Around half the locals are involved in rice farming. Last year India decided to start exporting rice again so the price of Thai rice has been depressed and farmers are hanging on to their stocks as long as they can because early season prices are low because of the huge supply, then improve as the supply thins out. Twice in the last two weeks we've been openly approached at the local market to ask if we want to buy another rice field. I've lent money to three separate members of our extended Thai family and haven't had any back yet. They are good and kind people - they've done all sorts of things to help us - but they now aren't in a position to repay the loans. They are not big amounts and I am pleased to have helped them but I have told my partner that they'll be no more loans until the original ones are repaid, so she can propogate that message out to the relatives (the main loan was to be repaid at harvest time but, as mentioned above, they are hoarding their rice, waiting for prices to improve). Lastly, I didn't add any interest on the loans but I am aware of one person who has done some personal loans to friends and charged them 20%. She's also not getting any repayments. Overall, it's only going to get worse. -
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Pranksters been arrested farting
His new name is Mary in Philipine prison 👄 -
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