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dinsdale

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Posts posted by dinsdale

  1. 32 minutes ago, snoop1130 said:

    “The panel now aims to compensate people with one day of holiday per month over three months, near the weekend

    What complete and utter nonsence from an obviously incompetent 'govt'. What if people have bought airline tickets already. I was close but decided against because I know I'm dealing with imbeciles who have bought their way to power. These idiots are saying near the weekend. Expect Thursdays and Tuesdays. Why do it at all? How can it be Songkran? I want to use a lot of words I would be banned for using.

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  2. Is it free? Couldn't be bothered reading. Maybe if they did this 3 mths ago ok. But wait...no they wait until now because they know the numbers will be lower whereas before they would be higher. It's all about face which is all about lying. Thailand no.1 in covid fight. It's just so childish and puts the health of the population at risk. They're (Prayut) doing this now to find some more cases to justify unlimited extentions of the state of emergency. Beware the second wave.

  3. 4 hours ago, Bob A Kneale said:

    I think you'll find that they're not as utterly brainless, empty-headed and foolish as you claim, eating is a necessity for life, alcohol isn't.

    I think you'll find you missed my point completely. People gather to eat. Thailand is a culture of social eating. Thailand is a culture of the extended family. Alcohol has nothing to do with people gathering to share meals although most cultured societies have no problem with having a drink and eating. Can't post anymore. Time to make my beer battered fish and chips. Alcohol in the form of beer IS a necessity for this.

    :burp:

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  4. Just now, Trillian said:

    Tourism is an export and is 20% of all exports, tourism is 12% of GDP overall.

     

    Not all of the 12% has been lost, remember, that's an annual figure. January saw about normal numbers, February and March saw a decrease, April saw zero. It might be that later in the year there is an upturn in the numbers, overall the decline in GDP for the year is estimated to be about 5.5%.

     

    https://tradingeconomics.com/thailand/tourist-arrivals

    Pity January wasn't zero tourism and that CCP suck up of a PM closed the borders. Then we wouldn't be having this conversation.

  5. Just now, Trillian said:

    Not really! The economy doesn't rely on tourism, tourism is only 12% of GDP. The country does rely on exports which is 60% of GDP.

     

    As things stand today last months export figures were pretty good, surprisingly so, tourism numbers were however very low. But the underlying health of the Thai economy is pretty strong, low government borrowings (42% of GDP), high foreign currency reserves (USD 220 bill.) and low social care overheads. And this is a comparative issue, the Thai economy may not look great currently but the fundamentals mentioned previously are very strong and by comparison to some other larger western economies who are borrowing trillions of dollars, Thailand is in great shape. 

    I want a second opinion. Tourism is only 12% of GDP. Seems a lot. Military spending in USA as a percentage of GDP is around 3% and that's a lot. 12% loss you're saying isn't much.

  6. Basically the Thai baht is strengthening because the economy is shot, the economy relies on tourism and there is no tourism, there's massive unemployment, exports are down, negative GDP and I think there's a lot more. How can this be a safe haven? How can the baht remain strong? Never did quite understand economics. Maybe someone can help me.

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