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Eric Loh

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Posts posted by Eric Loh

  1. 8 hours ago, webfact said:

    A group led by anti-military activist Sirawich Serithiwat, yesterday held a demonstration at the Bangkok Art and Culture Centre calling on junta-appointed senators not to vote for General Prayut to become prime minister again.

    The junta goons beat up Sirawich bad. First they rigged the election and now they beat up those who spoke out. Pity there are those who still speak well of this junta in this forum. 

    • Like 1
  2. 2 hours ago, bannork said:

    They worry if they link up with PT they'll lose more supporters as Thaksin was their arch enemy. But they could team up temporarily to fight the junta and go their own ways later.

    Similarly PTP will not ask Dem to form the coalition as their supporters will never accept that. Dem is stuck in a hard place. IMO they will join the junta coalition and abstain from voting for the PM to show some sort of defiance. 

    • Like 1
  3. 1 hour ago, dbrenn said:

    Again, you're hung up on the premise that western style democracy is the best thing for Thailand. You probably saw it on CNN or similar liberal left media outlets - I used to be the same as you, so I know the kind of lies well meaning people like you get taken in by. It was very scary to admit to myself that I what I'd believed in was based on falsehoods, and change my position, but we live and (hopefully) learn as we go.

     

    If democracy means that Thailand becomes like the western world, where nobody has respect for anything anymore, then I'll continue supporting the status quo. 

     

    Patriotic Thais still respect their institutions, their families, their elders and their religion. I like that, and I'll keep voting for a government that isn't hell bent on replacing age old traditions with degenerated change for the sake of change. 

    I think your hang up is that you think Thailand like all Asian countries subscribed to western style democracy. I can tell you from an Asian perspective that western style democracy is not suitable for Asia. Asia adapted their own eastern style democracy and contain all the elements that you referenced. 

    • Like 2
  4. 8 minutes ago, dbrenn said:

    I used to spend hours futilely writing posts just like yours, until I realised that Thailand is better the way it is. I'd rather strong leadership than riots any day, and I have the freedom to live in peace.

     

    Taking a look at the doomed societies of the western world - the miserable,  wretched and isolated decay of what was once good - only reinforces my change of mind. 

     

    The liberal left virtue signalling viewpoint that dominates the west tries to make Thailand like itself. Good for Thailand for thumbing its nose at unwanted interference.

    74.68% of the voting adults came out to vote. Doesn’t that tell you what the Thais want?

    • Like 1
  5. 28 minutes ago, candide said:

    I agree. The new constitution does not prescribe a deadline to elect a new PM. As long as the puppet Senate is able to prevent the opposition from getting 375 votes, Prayuth can remain in power.

    No need for a coup.

    True but that depends on the royal endorsement of the lower house speaker and deputies and the issuance of notification to elect the PM. The royal endorsement was received on Friday and its reported that Chuan will notify all parliamentarians today. If he notify, the houses must sit and elect in 3 days. Let’s see if Chuan issue the notification. If he did, I think he has something up his sleeves and may surprised.

  6. On 5/30/2019 at 2:13 PM, Dave67 said:

    Yes that is the latest news they have given the Democrats the ministry of agriculture

    It’s still be revolving and the latest is that the Sam Mitr group is hanging on to the commerce and agriculture portfolio and threatened to leave PPRP if not given. Of course they deny but certainly these A class ministries are being fought over tooth and nail. 

  7. 17 hours ago, snoop1130 said:

    The treasury reserve stood at Bt263.95 billion at the end of April 2019.

    This is more worrisome. When the junta seized power in 2014, the treasury reserve was 490 B Baht. It since have dropped substantially. 

    • Thanks 1
  8. 6 minutes ago, robblok said:

    Is that 710 the limit for this year or the absolute limit (for the future) ?

     

    Most countries have a limit based on GDP ? Thailand has an absolute limit ?

     

    Id like to know Eric I have no clue.

    It is the approved limit set by BOT and chaired by Prayut for this year budget. It is based on a percentage of the GDP and growth at 4%. I can't remember the details but try to look for it in my spare time. All the budget spending are governed by the Fiscal Responsibility Act. 

  9. 13 minutes ago, onera1961 said:

    Look at the chart of foreign investment in Thai stock and bond market in the last few months. That will give you a clue. Unprecedented accumulation of foreign currency due to 40 million or so tourists. Currency speculator are speculating 25 BHT / USd by 2023

    Sent from my JKM-LX2 using Thailand Forum - Thaivisa mobile app
     

    Thailand bond is rather attractive with yields out performing US treasury and the Japanese JGB. Consistent surplus in current account and a reserves in foreign currencies create resiliency in Baht strength. Future trend will depend much on the FED decision on interest rate which I think will be accommodative.  

    • Like 1
  10. They have a budget borrowing limit up to 710 B Baht before they run foul of the Fiscal Responsibility Act. Not that Article 44 can't fix for their insatiable appetite for military hardware.   

    • Like 2
  11. 16 minutes ago, sjaak327 said:

    No that is not what I am claiming of course. He isn't completely stupid. However he probably counted on a much bigger election win, he tried to cheat, but in the end he didn't get what he hoped for. In any case, he has a solid 246 seat opposition, and has quite a bit of trouble to cobble together a 16 party coalition. 

    PPRP had all along predicted to win 150 constituency seats. They got only 97. They did all they can to make the election to their favour like trimming the number of constituency seats up for electoral grabs from 375 to 350 especially in the North and Northeast, campaigning well before the election and massive populist policies. They got the party list seats and PTP got nothing. Now they in a pickle and has to go around begging for help. 

    • Like 2
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