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Chelseafan
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Posts posted by Chelseafan
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8 hours ago, SteveK said:
A washed-up singer/musician accused of abusing underage girls, possessing child pornography, also accused of multiple counts of aggravated sexual abuse, kidnapping, forced labour and god knows what else.
I hear he also stole an Argos pen.
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22 minutes ago, kingofthemountain said:Even at 51% it's more than manageable
how many years before to be at 100% or more ?
They have the time to find alternatives solutions.
They borrow money only because they want
they could print money or use a part of the tons of foreign reserves
but doing this the Baht should be weakened, and a weaker baht is good
for exportations and tourism, but not when you are busy buying expensives
military toys in China or if you are a wealthy Thai putting your assets in safety
places in europe or USA.
Don't forget Thai politic is not intended to make Thai people feel better
the country is runned like a private corporation in charge of the interests
of the 0,1% of the richest Thai people
I agree 51% is managable...for now, but they have just lost around 20% of their GDP from Tourism on top of which their export market is significantly down by 11% YoY, even worse for May, June and July at around 19%. Also remember, until a month ago their borrowing was 35%. That's a big increase with reduced means of repayment.
Thailands foreign reserves are around $250m which in the grand scheme of things is peanuts. Nice to have on paper but won't go far if they ever use it. It's also the highest its ever been since 1960 which suggests that this is very much at the top end.
As for the 0.1%. Agreed.
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1 minute ago, Nout said:
Issan is not a mountain location. Its is agrarian with a population of over 20 million people who never see foreigners.
Not true. They see me all the time!
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2 minutes ago, Nout said:
Tourism is only a direct issue for Pattya Phuket and CM etc but most Thais in Issan or the south never see foreigners.
Money still trickles downward through the economy.
The south sees plenty of foreigners, it's just that they are Malays
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7 minutes ago, kingofthemountain said:You are missing the point too
Thailand has a very large leeway
VAT is only 7% and the public debt is under 35%
in my country of origin (France) VAT is 19% and public debt is 100%
it the same thing in almost all the western ''rich'' countries where
everybody seems to think everything is ok
Thailands public debt is nearer 51%. The Government has had to borrow $18.6b for Covid. The difference is that whilst Thailands debt is still manageable, it could spiral out of control very quickly if they cannot restart the Tourism industry
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1 hour ago, Pilotman said:Think on this, over 40 million Thais live in rural locations that never see a tourist and don't need them for their local economy. Don't get tourism out of proportion. It is less than 18% of GDP and not absolutely vital to Thailand. Watch this space. It may all virtually end and I dont think that many Thais will cry any tears if it does. At the very least, it may be confined to a few restricted areas only, such as Phuket and Pattaya.
I somewhat disagree on this. Tourist money filters through the economy in ways we don't even think about. That restaurant that's just closed down has now put people out of work, it's reduced the income of a wholesaler and in turn reduced the income of food processors/farms so more jobs lost at a local level.
What Thailand should be doing is taking this opportunity to wean themselves off the Tourism drug.- 6
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43 minutes ago, Moonlover said:
I am curious to know how your transfers from NBS via T/W only take seconds.
I've been using this method for well over a year now and it usually takes around 4 hours.
Not that I'm complaining about that, I would still use T/W in preference to having NBS use the SWIFT method.
I use Halifax to send to Transferwise. It used to take between a few hours and on rare occassions a few days but all my transactions for the past 6 months or so have been pretty much instant.
How quick is NBS sending the money to TW ?
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3 minutes ago, phutoie2 said:
The money is in Thailand already. Maybe you should read up on how TW works.
Nationwide is a building society, not a clearing bank. They used HSBC for transfers. Well they did, I gave up on them years ago.
I'm well aware of how it all works thank-you.
The OP was commenting on Nationwide taking 10 days to send money to Thailand.
I simply pointed out that he could use Transferwise (from his Nationwide account) to send money to Thailand in seconds.
Maybe you should read my comment
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Surprised Nationwide take 3 days.
Have you tried Transferwise ? Usually money is in Thailand in seconds.
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Something that is "approved in prinicple" can of course be scrapped.
If there is no signed contract with the Chinese then what's the problem, other than loss of face?
....oh wait, NOW I get it.
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14 minutes ago, Bluespunk said:See it as you will.
Don’t get me wrong, I enjoy the proms but I do not fool myself as to what the lyrics of certain pieces are.
What on earth is wrong with Rule Britania ? It's a song about patriotism and yes, a little bit of Nationalistic pride but that's not a bad thing. WOKE are trying to make something out of nothing.
I never never never shall be a slave, nor should anyone else
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7 hours ago, Bluespunk said:
I enjoy listening to it though I find the lyrics banal and nationalistic, I can see why the bbc made this decision. It wouldn’t be the same without the audience.
Nationalistic? Some see it as patriotic and uplifting.
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4 hours ago, FarFlungFalang said:What can I say Dan?These are Disparate times!
You nearly had it ????
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16 hours ago, sandyf said:
Yesterday morning Thai domestic check in at swampy was absolutely mobbed, I only saw a couple of empty seats on our flight to Krabi.
In the afternoon I was sat having a beer opposite the Swordfish monument on Ao Nang front and in the space of half an hour 2 large tour coaches pulled up and were obviously full with the numbers running around taking pics.
In the evening another large coach discharged it's contents into our reception, couldn't move until they all checked in. Just over 750,000 nights have been booked under the government domestic tourist scheme so far.
Of course you are free to believe what you want, but you really need to get out a bit more.
750,000 out of 6 million
Usually they are oversubscribed...
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6 hours ago, kamma said:
'Wife and family' in Thailand and you'd only return to see them if a measly 2 week quarantine is removed?
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Some of us have to work with limited vacation time and you have no idea of our circumstances.
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45 minutes ago, sambum said:
Chelseafan - I note your confusion, but let me explain my post:-
There are millions of people in Thailand that are probably absolutely over the moon (Not!) that their Government has decided to spend 22.8 billion baht on submarines when a lot of them have to line up on the streets just to get something to eat, which by the way more often than not is provided by/acquired by "dirty farangs" (At least where I live!)
Do you think that they care a jot about the fact that a Sea-wolf class submarine costs $2.8 BILLION and a Virginia class $1.8 BILLION?
Just trying to put things in perspective a bit - in the current situation, I would have thought that the last thing to worry about would be an attack by sea from a foreign power!!!
I think you missed the sarcasm in my post ????
Firstly I am completely aware that this a a complete waste of money and even more so given that people are going hungry, losing jobs and their homes.
Secondly my sarcasm was really aimed at the fact that the final figure will NOT be 22.8billion. Its far too cheap for two fully functional submarines. It will be interesting to know what the final cost is once they are manned and at sea (if ever) and also what the ongoing running costs are.
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7 hours ago, Dan O said:
I think there are quite a few "tourists" that would come given the chance to if borders were opened to allow it. Many tourist come for longer than 2 weeks. I certainly would. The cost of the ASQ hotels are not all in the same 100k range and if more tourist could come then more hotels would participate in the program to generate income.
I would hazard a guess that you are in the 0.001%. ????
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22.5bill baht = $713m dollars or $357m per submarine.
Quite a deal when you consider a Sea-wolf class submarine cost $2.8 BILLION and a Virginia class $1.8 BILLION
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14 minutes ago, RichardColeman said:OK, maybe I'm missing the point here, but what is the difference between someone coming from a high infection country and isolating and someone coming from a limited infections country and doing the same ?
Either way , no tourist in their right mind is going to spend 14 days in thai quarantine , take 2 weeks on a beach and then isolate for 14 days in return.
These officials truly must be the most idiotic and unrealistic people of the face of the entire planet
Precisely.
Until the two week qurantine is removed from the equation there is no way I am going back and that's coming from someone who's wife and family are in Thailand.
What sane person books a 2 week vacation in Thailand when they have to stay in a hotel under quarantine.
Why the hell don't these fools get it ?
Personally I don't think they have any intention of relaxing the borders, it's just hyperbole for the masses.
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Amazing Thailand.
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8 hours ago, hotchilli said:
Just tell the tour operators, the hotels, the guest houses, the restaurants, the bars etc etc to charge reasonable prices instead of trying to gouge everyone.
If the price is right people will come... and the government will not have to subsidise anything.
You really are full of crazy ideas today !! ????
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12 hours ago, ezzra said:
The understatement of the year, people at TAT are getting paid to state the obvious and come up with catchy slogans to woo non existent imaginary tourist...
Totally agree. We knew all this about 2-3 months ago. In fact I seem to recall that TAT were making downward projections which was very much unlike them so we knew it was bad. Domestic tourism isn't the answer, the real money comes from International tourists.
Until they open the borders the TAT is redundant.
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The government launched the tourism subsidies in mid-July, but so far only 660,000 of the available 5 million subsidised nights have been booked.
I think that says it all. People are trying to get food on the table, holidays are the last thing on their mind.
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UPDATE: Pushback from local associations over the Thai government’s “Phuket Model”
in Phuket News
Posted
So the 2 weeks in Quarantine are still part of the deal then !?
Not going to happen boys.