Eric Loh

8 minutes ago, dabhand said:

This treasury reserve balance issue has been done to death on previous threads. See this one from 2017:

 

https://forum.thaivisa.com/topic/967758-pm-prayut-denies-the-government-is-broke/page/7/?tab=comments#comment-11602852

 

The movement in the reserve balances during the year is mainly linked to the cyclical nature of the tax revenues. In particular the corporate tax payments (with most companies having 31Dec year ends) due in months 5 and 8. Thus, the reserve balance spikes at that time and diminishes during other periods as expenditures tend to be more evenly spread out during the year.

 

There is a more recent BOT publication that has a 'Treasury Cash' graph on page 7 that clearly shows these periodic spikes continuing.

 

https://www.bot.or.th/Thai/Statistics/Graph/Chart_Pack/Chart Pack.pdf

 

I can agree with your explanation that periodic spikes are quite normal linked to personal and corporate tax. I am just concern about the spending or expenditures on infra structure and stimulus policies that went unabated during the junta government and a passive NLA not confronting the junta for accountability. There is a legal range for the treasury reserves and the junta has in the past broke the lower limit and no questions asked. Now that we have oppositions in Parliament, they should more robust in questioning the spending on behalf of the people they represent. 

5 minutes ago, Baerboxer said:

 

It's almost charming in it's naivety - that you actually think FFP aren't under patronage!

Thought I said 'refreshing change'. Should be simple enough to understand. 

I hope the professor is not taking her comment out of context and I look forward to Pannika’s rebuttal. 

All told, people should be allowed to have opinion and freedom of expression guaranteed in the constitution. As a young party, FFP has been a refreshing change from the old sakdina style of patronage and obedience politics. Even Thanatorn’s stab at the old culture of 50 years non interference Asean is bold and fresh in this times.

39 minutes ago, robblok said:

With these figures the deficit is 26,5% seems a bit high and I believe against the law. I thought they had a limit for the height of the deficit. 

 

Been looking back but it seems they have a deficit like that for the last couple of years. Crazy high. 

I think it is 20% limit on expenditures and this limit according to the Fiscal Responsibility Act. The budget is actually 3.2 trillion baht. The caveat being that the budget is based on 4% growth which is under some pressure from declining export and global trade. 

12 hours ago, snoop1130 said:

Therefore, the treasury reserve at the end of May was at Bt319.26 billion, he said.

 

The treasury reserve was at 495 B Baht before the junta took power in 2014; a deficit of 176 B. I hope the opposition MPs will push this government to explain the shortfall as the huge deficit reduces cash liquidity in case of emergency or massive tragedy like the tsunami. 

12 hours ago, snoop1130 said:

With the political situation becoming more certain and the government on the eve of formation, the new prime minister will be able to continue driving government policy.

Lots of false statements. The political situation has became more uncertain, the government formation not any nearer in sight and full of conflicted politicians aspiring to be ministers and the Prime Minister is not representing the people and has no vision.  

I think BOT made a mistake in Dec to raise rate by 25 basis point from 1.5% to 1.75%. Central banks around the world cut key interest rate to boost slowing global trade growth. The relative high rate has attracted quite a lot of inflows for bond and equity and inflated the Baht strength. I was expecting a move back to 1.5% but I guessed ego got to BOT to admit that the Dec rate hike was a mistake. Expect a lowering of rate back to 1.5% this year. 

Other more efficient options can be in terms of regulation and licensing. The authority can tighten the regulation on where the machines can be allowed and impose a quota per annum on their proliferation. They can make licensing tighter and more expensive. Shutting down and giving the reason as gambling is just dim witted reasoning.  

10 minutes ago, bluesofa said:

His vision? Does he have one - apart from the seafood banquet.

Talking of vision, hopefully the population will visit Specsavers in order for them to see clearly what the old/new PM (delete as applicable) is up to with regard to screwing up the country.

He had a chance to lay out the vision for Thailand when the parliament convened on 4th June. He chickened out and didn't attend. His answers were gems. "Isn't that enough" referring to his last 5 years of non elected government and "no need". Simply put, this imbecile has no vision nor has the mental capacity to come up with one. His whole adult life is about giving orders, not vision. 

1 hour ago, rooster59 said:

The Foreign Affairs Minister, Don Pramudwinai, says the vision of ASEAN presented at the summit by Gen. Prayut was a new topic.

Anyone even know his vision for Thailand? 

17 minutes ago, Matzzon said:

create confusion, sir.

Only work on those who are still confused. 

12 minutes ago, dabhand said:

As another poster noted, Asean was established in 1967. But Vietnam only joined in 1995 and Cambodia in 1999. So, both were not members back in the 70's.

https://www.nti.org/learn/treaties-and-regimes/association-southeast-asian-nations-asean/

 

You are quite right. Vietnam was officially endorsed as full membership in 1995. However the line of communication for Vietnam joining ASEAN really started in the 70s. I do accept that Vietnam was not a full member in the 70s. Thanks.

13 minutes ago, Ozman52 said:

Despite EL's glossover, it is likely to be a problem for Thanatorn, but why shouldn't rich people be able to bypass political donation laws if it suits your agenda?

Nice try with some self indulgence. The last time the EC talk about the loan case was on 23rd May. It has now been over a month and they have yet to present to the court. Unless you have some inside information, the case not going anywhere. For goodness sake, the loan was in the accounts of FFP; the party not hiding anything. The junta thru their proxy EC is on a fishing trip and trying to find something to serve the junta's agenda. 

1 hour ago, scorecard said:

On the other hand I do wish that Khun Thanathorn, his lawyer buddy and their members would be more careful in regard to 'loans to the party' etc.  

 

The loan is a non starter. The EC has not decided whether there are sufficient legal grounds for the court consideration. The EC based the case on Article 62 of the Party Organic Act which define sources of party revenues. They could not find anything referring to loan. 

The share case case has been accepted by the constitutional court. I feel that will not fly either as it has a domino effect on other cases involving many parties including PPRP.

Thanathorn is most vulnerable with the Computer Crime Act regarding his media criticism of the NCPO. Also 112 for his alleged association with political activism. These cases can go anyway depending on how desperate the junta are to silence him. 

44 minutes ago, robblok said:

I take it your sarcastic ?

Coup can be defined as a violent takeover or simply as a master stroke or achievement. 

20 hours ago, webfact said:

, said the two and three-digit lottery tickets aimed to compete with the underground lotteries estimated to be worth Bt200 billion. 

Cut and paste from Thaksin’s case. 

9 minutes ago, geoffbezoz said:

The wealthy and the extremely wealthy will already have their billions out of Thailand and like many, if not all of them, have established residences overseas. So In the event of a bloody coup, they will go  or continue to stay overseas, and when it is all over, just like Leeches they will come back and attempt to suck the spoils again, just as always, unless they are permanently dealt with finally so that the nation can prosper.

One at a time. Those leeches are next. 

58 minutes ago, RichardColeman said:

Unfortunately , a people's coup does not have tanks and guns at their disposal !

I honestly don’t wish for a bloody situation to change the constitution. Hopefully it will be like the events leading to the 1997 People Constitution. It came about with persistent and strong campaign towards a fully elected and accountable bicameral houses through a referendum. It was a peaceful transition. The other possibility is the economy is so badly managed that the wealthy elites got hurt and covertly engineer a regime change. 

14 hours ago, snoop1130 said:

Prayut’s failure

Enough said. Story of his life. 

On 6/24/2019 at 5:06 AM, webfact said:

Chart Pattana party wonders if it will ever get a cabinet seat as promised

NO. Now wise up and join the opposition in Parliament.