
Srikcir
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Thailand Donates Funds for Flood Recovery in Libya
Srikcir replied to webfact's topic in Thailand News
Did Thailand donate for flood recovery in Ukraine when allegedly the Russian military blew up the Kakhovka dam? It did recently for Turkey's flash flood in Ankara. -
Thai economy to be driven by private consumption, tourism in 2023
Srikcir replied to webfact's topic in Thailand News
That's nuts. And the same approach by PM Prayut for 8 years. The economy of Thailand has been dependent on exports that accounts for about 2/3 of of GDP (2021). Exports such as electronics and autos are high value contributors to the economy compared dom3stic consumption of eggs, pigs, chickens and vegetables. Gold instantly comes to mind as an export. Maybe that's why the government recently gave the Akara Resources' Chatree gold mining project a 10-year operating license despite after having been shutdown by PM Prayut since 2017. -
Commerce Min Expedites Efforts to Reduce Living Costs
Srikcir replied to webfact's topic in Thailand News
The Thai government already has the authority to price control for food, consumer products and services via the Central Committee on the Prices of Goods and Services. This includes essential items for daily use such as farm products like fertilizers, pesticides, animal feed, etc. https://www.nationthailand.com/thailand/policies/ So it would seem it's the PM's Cabinet that can direct the Committee to develop further price controls aiming to ease the burden on the public. -
But? Ages 18-65 covers about 47% of the resident Thai population as of July 2023. https://www.statista.com or about 33.8 million (72 million x 47% @ mid year 2023). https://www.worldmeters.info So the target is meaningless, even for statistical purposes to measure usefulness and effectiveness of the proposed SLF expansion, especially across the whole of Thailand? Absolutely the expansion of SLF is needed. Albeit, no mention of population or working population coverage now. Since about 2009 to 2022 there has been a decline of Thai labor force with advanced education (% of total working-age population with advanced education) from about 88% to 81%. Note the labor force population rate is ages 15+. https://data.worldbank.org So the proposed expansion is like throwing a handful sand into the ocean. You can't even measure its impact.
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In terms of comparable economies, the US as no. 1 in yearly BPD oil production vs Thailand no. 29, higher oil costs significantly benefits the US, albeit Russia, Saudia Arabia and China. That means greater economic pressure on Thailand.
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Chinese tourism to Thailand lags despite lifted travel restrictions
Srikcir replied to webfact's topic in Thailand News
The only immediate thing I think might help with more Chinese tourism is to allow the "zero-dollar tour groups." No to unlicensed guides however. Yes, spent tourist dollars eventually goes back to Chinese operators (hence zero net)* and may not contribute much to local economies, but in terms of a national economy it should. Better to have the Chinese visitors in Thailand than in China for the good of Thailand. * today's dollar in hand is worth more than tomorrow's dollar, especially if you maintain a surge in receipts. -
Hunter Biden to plead not guilty to gun charges
Srikcir replied to Social Media's topic in World News
Investigated for five years by Special Counsel Weiss, this case is only about three lies on a gun application. Hunter was a relatively harmless firearm applicant and didn't do anything with the firearm after purchase, has no prior record of violence, no intent to commit a crime with the firearm, etc. Remember in a US court of law there must be facts to support prosecution beyond a reasonable doubt, not what-ifs, not hearsay, "coulda, shoulda, woulda." The charges by themselves are rather innocuous, maybe due a fine and probation. Hunter's lawyer will argue unlawful vindictive prosecution. One of the gun charges may also be unconstitutional wherein felons might retain their 2nd Amendment rights. Where is NRA and GOP protesting Hunter's loss of his 2nd Amendment rights?- 14 replies
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This seems at odds or reversal with past BOT involvement with the issue. https://www.bot.or.th/en/ Directional Paper 7 July 2022 - Banking Group’s Digital Asset Business: Supervisory Approach and Management of Risks to the Financial System Regulation 6 Oct 2022 - Notification of the Bank of Thailand No. FPG. 6/2565 Re: Regulations on commercial banks’ financial business groups undertaking digital asset related businesses and transactions Press Release 25 January 2022 - BOT, SEC, and MOF to jointly set guidelines on the usage of digital assets as a means of payment for goods and services 1 December 2021 - Bank of Thailand and Relevant Agencies Discuss Guidelines on Usage of Digital Assets as Payment for Goods and Services 8 July 2021 - Caution on Using Digital Assets as Means of Payment for Goods and Services 19 March 2021 - Stablecoins Regulation Policy 17 March 2021 - Thai Baht Denominated Stablecoins BOT seemed earlier to have "eyes wide open" about the complexity of using digital assets, now apparently eyes firmly shut. Sethaput seems to roll back BOT to a very conservative time.
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Thai Court revokes arbitrator’s ruling on Hopewell’s ฿24Bn compensation
Srikcir replied to snoop1130's topic in Thailand News
Generally, unless there's proven fraud in mandatory arbitration, the complainant should have no standing to bring the dispute to court. That prevents the financial risk of nationalism. This is fundamental to free trade agreements between foreign and domestic interests to keep national power at bay from abuse of judicial system, particularly where a judicial system and/or government might be corrupt. Case in point the Thailand Chatree gold mine operation which is owed according to the company as of September 2023 over 25 billion baht in compensation due to the Prayut NCPO military junta's shutdown of the operation in 2017, overriding the arbitration process. However, I think in the Hopewell case the agreement did (weirdly) specifically allow a judicial appeal to any arbitration decision. In the interim the Thai government just issued operating licenses for another ten years. There have been other Thailand breaches of FTA's such as (I recall) over the import of Phillip Morris cigarettes from The Philippines wherein the World Trade Organization ruled in favor of Phillip Morris but Thailand refused WTO's ruling. This occurred also during PM Prayut's regime. -
Kindle Users – which (country-specific) Amazon site to you use?
Srikcir replied to ReloTH's topic in General Topics
I do and did. One problem is that if you don't designate a device with a unique ID, Amazon will automatically do so but has no cross reference as to what the "device" is, only date is was designated. The rep suggested maybe one device was its cloud storage as Anazon tracks for unlimited books a maximum 20 books that you can borrow at any one time. So for every e-book I currently download and retain, it is duplicated in the cloud until I give up the book. But as I said there's no penalty exceeding devices. But I dud remove kindle from my mini-pc as I would always have my tablet as well. -
Just saw this thst maybe relevant to this story : H.R. 5432 Tax Simplification for Americans Abroad Act has been introduced in the U.S. House of Representatives The Tax Simplification for Americans Abroad Act will: Create a simplified tax return form to help make it easier for Americans filing from abroad who owe no U.S. tax Eliminate double taxation for pensions and retirement distributions (including Social Security benefits), scholarships, fellowship grants, disability benefits, childcare expenses, family medical leave, and unemployment benefits Consolidate the FBAR into FATCA, increase the filing threshold, and eliminate the requirement to report separately to FinCEN
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Why not also set up town hall type meetings around the country with people police supposedly serve. Regions will have own unique enforcement issues. Also on the agenda should be the authority given by PM Prayut to the military's Internal Security Organization Command (ISOC) involvement in civilian affairs vs law enforcement. Police organizational command and funding in general needs review. Police responsible for national federal crimes should be separate from Provincial enforcement and possibly further segregated down to district. The scope of the National Police Commissioner leadership should not extend into district enforcement other than for national federal crimes. I have no issue with Police rankings so long as they reflect the nature of their duties. "Patrolman" job is pretty clear. And they don't need army bootcamp trsining nor parachute wings. They're civilians except on the national level.
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Kindle Users – which (country-specific) Amazon site to you use?
Srikcir replied to ReloTH's topic in General Topics
I have kindle unlimited through the US as I pay the monthly fee with a US credit card. Download books to my pc, Samsung tablet and mini-pc. You are limited to number of devices and Amazon shows me with five devices, generating an occasional notice that I've exceeded devices. One was cloud storage (?) and an old Kindle device I discarded years ago. But as Amazon says they will take no action. -
Birth rate plunge triggers health minister’s urgent action plan
Srikcir replied to webfact's topic in Thailand News
Why don't you tell me? The blame lies with the Europeans. "Record numbers of economic migrants and asylum-seekers are seeking to enter the European Union...The paradox is the police and security forces battle to keep them at bay, a demographic crisis....Europe desperately needs more young people to run its health services, populate it's rural areas and look after it's elderly because, increasingly, it's societies are no longer self-sustaining." "Immigration also props uptrend fertility rate and Britain and France have received a similar flip to its population growth as a result." 'Europe needs many more babies to avert population disaster' https://www.theguardian.com/world/2015/aug/23 Blame the protagonist, not the victim. -
Debt moratorium to benefit 7 million farmers and SMEs
Srikcir replied to webfact's topic in Thailand News
What happened to this: "The Bt4 billion in debt of some 28,000 Thai farmers who do not have the means to repay is to be written off, while other debt-relief measures are arranged for some 800,000 other farmers who owe a total of Bt112 billion." April 1, 3015 https://www.nationthailand.com Or "The handouts (tens of billions of dollars in subsidies over the past decade) came in place of boosting agricultural research spending, which hammered productivity" Sept. 18, 2023 https://www.reuters.com Debt relief is "low hanging fruit" political theater ultimately as a minor and unsustainable economic solution. It doesn't address world market strategies, climate change and technological innovation. -
Even without a tax treaty there can still be taxation parity. The US Foreign Tax Credit can be used to offset Foreign taxes paid abroad dollar-for-dollar to the point of having no US federal tax obligation. But to avoid any interim double taxation (requiring offset by US tax credits in 2024 tax filing), changes to withholding for US taxes from income effective for 2024 MUST be filed at least in November 2023 with the US so that no taxes are withheld beginning January 2024. So it it critical for some expats like from the US to know Thailand's new tax rules before December 2023, if not earlier if a US Federal pension is involved. I'm not optimistic that this new government can act that quickly nor would care.
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Thailand Ranks Ninth in the World for Country Most Open for Business
Srikcir replied to webfact's topic in Thailand News
On the other hand Thailand ranks 101st among 180 countries in the Perception of Corruption according to 2022 data with the average world ranking of 43. With the new Thai government being a blend of the military establishment and political conservatism may not practically advance Thailand's business environment except externally with regimes such as Iran, Russia and China. -
Thailand urges US to restore GSP to give trade protection
Srikcir replied to webfact's topic in Thailand News
US status as of Jan. 21, 2021: "...the GSP program will likely face new priorities before renewal and there is the possibility that the old program may simply be replaced with an entirely new and 'modernized' 2021 GSP program." "There will be likely changes made to GSP program ... to reflect the changing priorities of the new administration." https://www.commercethaiusa.org/oca/u-s-gsp Keep in mind the US House of Congress GOP wants to impeach POTUS Biden, shut down government over funding priorities, and it was POTUS Trump who originally suspended GSP privileges - now the possible GOP candidate for POTUS in 2024. So US GSP program revisions may delay until after the 2024 elections. Thailand might in the interim consider a limited expedited free trade agreement with the US to fill some export gaps. But with Thailand's main exports to the US (2021) being Office Machine Parts, Broadcasting Equipment and Rubber Tires,* how much focus can be made for other critical Thai products, ie., agriculture, clothing, electronics, etc.? * https://oecworld -
Birth rate plunge triggers health minister’s urgent action plan
Srikcir replied to webfact's topic in Thailand News
Low birth rate vs aging society is not unusual in other developed countries and one of the quick solutions has been to liberalize immigration for citizenship, especially for young families. But in a nation where zenophobia and statelessness is a defense against national unity, -
Found this: "2) University/Post graduate studies Whether in Thailand or overseas, further studies are an acceptable method of deferring your obligations to attend the lottery." "3) Volunteering after graduating from university Following graduation, a university graduate is allowed to volunteer to join the armed forces prior to or on conscription day, and as a result only serve 6 months. This is common for many Thai families who do see some merit in undertaking a short stint of Thai military service." https://www.thaicitizenship.com/thai-military-service