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Eric Loh

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Everything posted by Eric Loh

  1. I am sure you know what subvert mean. Trump has already subvert the authority system and the institution by denying a legitimate election. He subverted the rule of law numerous times. He should be hated not only by the Dems but also the voting public who booted him out of office and will again do the same in 2024.
  2. Prayut government also has the same scheme called “ shop dee mee khuen” allowing people to deduct taxable income with local purchases. All Falang are entitled to this scheme if you pay tax. I used that scheme to reduce my personal taxable income.
  3. Good points raised by you. Excessive external borrowings was major reason for the 1997 financial crisis. State Finance & Financial Discipline Committee’s framework limit Debt GDP ratio at 70%. 2022 saw the all time high of 60% debt GDP ratio based on the GDP of $495B. Debts due numerous covid measures to help the general public and SME. Pre covid GDP in 2019 was $543 B. 2024 GDP will most likely to be slightly better than 2019 due to launching of various stimulus packages. In the respect, debt GDP ratio may not reach 70%. The digital wallet borrowings will mostly from the 4 SFI banks and they are allowed 15-25% for single lending limit of capital funds.
  4. Inflation unlikely if no supply constraint even if the digital wallet cause demand push. The total package is also small to creat inflation.
  5. For someone not bothered, you sure make lots of comments mostly negative.
  6. My comment relates to the original post about MPs being independent. You right that the election law allows sacked MPs 30 days to find new party. On a personal note, I doubt any party will take them. Rather bad connotations to take those tainted MPs who will probably lose their seats in next election. Likely by-election.
  7. In a recent report by BofA previously known as Bank of America Merril Lynch, the Oct inflation marked the first year-on-year decline since August 2021 falling well below the consensus forecast of a 0.05% increase. This lower inflation figure signal the risk of deflation. Deflation due to weak comsumption will bolster the support for the need of the 10k digital wallet scheme.
  8. Thailand Election law does not permit MP to retain his or her seat as an independent. The seat belongs to the party and they won their seats because of the party they represented.
  9. All Thai governments have measures to help farmers. Come in different forms and called differently but basically centered around price pledging, insurance and loan. For Thai people, rice is not only regarded as a staple food and also an essential part of culture. Helping the farmers is a sacred duty of all Thai governments.
  10. Impeachment does not even pass the smell test in the House and GOP senates echoed that sentiment. Their message to the House Maga folks “ stop the distraction and get back to work”. Maybe you should heed the GOP senate advice and stop distracting. https://thehill.com/homenews/senate/4198517-senate-gop-says-house-lacks-evidence-for-impeachment/
  11. Can't understand the minds of American voters. As David Axelrod said in a interview ön the one side, we have a guy who is not just a convicted felon, but convicted of trying to overturn the free and fair election, and seize the power of the presidency" and that Trump 2.0 is the equivalent of the Delta variant of democracy and 1,000 times more virulent than the first and harder to control; yet he may possible be the next President. Jesus weep for America.
  12. Why soon and not tomorrow if you have the overwhelming evidence. It has been 9 months of abject failure tryng to find the evidence for impeachment and still unable to produce the hard evidence. Mike is blowing lots of hot air.
  13. So much talents on the Dem side compare to the Maga GOP. Gov Gretchen Whitmer, Senator Cory Broker and Pete Buttigieg are possible replacement and can easily out debate any current GOP hopeful.
  14. Question really is what is the state of mind of both going into the election still a year away. My bet is that Joe will still have his cognitive faculties and his campaigning will be the turning point while Trump's cognitive decline is already happening and will worsened as his legal problems mount and will have a disastrous election campaign and will not win.
  15. Considering Japan budget deficit at around 4.5% and peer ASean country like Malaysia at 4.3% for 2024, Thailand's 2024 budget deficit of 3.6% is not alarming considering the need for fresh policies to stimulate a very sluggish economy weighed down by the dropping for exports and dwindling investor confidence. Q4 GDP likely to be lower than forecast. Thailand need to be pro-active with bold economic policies. Sitting still like the previous government will be more disastrous to the economy. I do agree that the 10k wallet scheme should be reviewed to a smaller budget and implement in stages over the full year. Still a lots of external geo-political risks to navigate next year.
  16. Perhaps wait for photo op when he visit US and meet with President Joe Biden in mid November. Material for your eagle eye analysis.
  17. Agree that he is a wise man "Trump is a dangerous, unhinged demagogue whose brazen disdain for the rules, [norms], laws and institutions or democracy should be disqualifying,” You should submit to his wisdom and drop Trump.
  18. We have the benefit of hindsight. Up to the very last minute to put up Sretha as joint house election, Prawit was very much in the fight for nomination. If Prawit was nominated, it will be an easy passage to be Prime Minister with 188 votes from MPs outside the coalition and most of the 250 senators. Thaksin will have a much more easier path to return if Prawit is the Prime Minister. Sretha was a gamble and involved lots of lobbying and probably intervention from higher up. He was an unknown and political novice. If he failed in the joint house election, he dont get a second chance and we will likely get Prawit. PTP nominate Sretha and not Paetongtarn and was a right decision. He has no political baggages while the same can't be said of Paetongtarn. Sretha will be PM for the full term and there will be no coup. He has been busy since taking office and the people has voiced their approval on his performance. PTP will likely to nominate him again for a second term. Replacing Sretha when he is doing well with Paetongtarn is fool hardy and will initiate a vote of no confidence. Thaksin is pragmatic and in his twilight years and will retire to family life. No doubt his advise will be seek but he will not participate in politic actively.
  19. I didn't know that Thaksin has that power to influence the conservative senators and the coalition parties in the joint sitting of the House and Senate to get the majority nod of 482 votes to elect K Sretha as Prime Minister. You sure know a lot 😃
  20. No argument from me that the 2017 is a highly skewed military constitution. It was thrusted down the throats of the people. My point is that the election was conducted within the legal framework of the constitution and the election was thereby legit. Do not like the junta and the government but glad that we now have a legit elected government. The 2017 constitution will be re-written and the next election will not have the participation of the senates. Thailand should move forward to such principle of democracy.
  21. Most of Singaporeans fore fathers were from Southern coastal provinces of Fujian, Guangdong and Hainan; not from Kunming which is a city in the province of Yunnan.
  22. No leaders work alone except if he or she is a dictator.
  23. How is the prime minister elected in Thailand? Candidates do not have to be a member of parliament (MP). Parliament's vote for Prime Minister will take place in a joint session with the 250-seat Senate appointed by the junta, according to the constitution's provisional terms. Seem that he was indeed elected in accordance to constitution.
  24. It will be a productive meeting between the leader of the free world and new PM of Thailand to build on last year's US-Thailand Communique on Strategic Alliance and Partnership that you probably don't have a clue. No bragging like the former President to prevent world war 2 or that he got state secrets to share.
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