Sir Dude

Sansiri took the blue pill.

Well, no conflict of interests there then with that statement. It's like a advert saying "Drink Milk" delivered to you by the Milk Marketing Board. The bare-faced cheek of it... and expecting all the lemmings just go after it. Also, "foreigner" means Chinese for him and since the only thing you can own here is a condo, then it's a loosely veiled message to Chinese condo buyers.

I guess it's mainly aimed at Chinese who will be happy to move money out of China for property. Trouble is, no guarantees that things or laws don't do a 180 one morning at short notice and the goal posts shift... probably not in your favour. It would give me the sh!ts having that sort of money "invested" here as a non Thai. No way Jose. Since when has anything not changed for 10 years here? Good luck with that visa.

When they start making statements like this for no reason, then something is probably wrong... just an attempt to shore up sentiment, but won't fly. I mean, why just come out with that unsolicited comment? I agree with others above, the baht movements recently could easily be interpreted as it was losing value/under attack and they tried buying baht/shoring it up, but doesn't seem to be working much, hence the pause, then minor strengthening of the baht, and now weakening again a bit. Could be in for a roller-coaster as the BoT will try to intervene as they will have orders to not let it slide too far as some small sections of society as won't get as much bang for their buck. All smells of manipulation, but not in the standard way of making it cheaper to help exports... rather an attempt to keep it strong.

They were fired and no-one said anything because Prayut's handlers gave it the nod. Even Toady didn't say anything.

These places are too corrupt and incompetent to have so much data on record.

Having lived here for 20 years now, I'd say Thailand has been slowly going downhill ever since the coup d'etat that kicked out Thaksin in 2006... it has just detectably accelerated towards the China model since the last coup committed by the present lot that are in charge. Those above who have mentioned the clear change in the locals' attitudes and decline in carefreeness over time, are right, and the locals are hostages of the Amart. Back in 2000-2005 it was the end of the good times, but it was still party time and the famous Thai hospitality and carefree MO was there to see and enjoy... which is one of the main things that convinced me to stay. What bothers me is the direction it's headed in, which is the China model and you can see them slowly inching towards it to please Beijing (for numerous reasons). If I was just arriving to Thailand now and thinking of retiring somewhere tropical, then I don't think it would be here. Thailand, in the future, is going to still be an okay place to visit for a short holiday, but living or retiring here will only be for the wealthy with money to burn as the requirements will only get more onerous as time goes by... it is easy to see how the screw has slowly tightened over the last 10-12 years. And with the entities in charge now, including Prayut's bosses, then I can't see anything lenient/positive/tolerant - or multiple other words to describe it - as coming our way... if anything, they have done their level best to get rid of as many foreigners as possible, which isn't a good sign.

The problem is that you just can't believe what these people are saying. Whether it's due to self-interests or being leaned on from certain entities for the good of an agenda... the fact remains that there is a huge truth and believability deficit. It would not be unreasonable to think that the above is just the financial version of TAT's deluded announcements. How do we know the difference when we are all (Thais and foreigners) so suspect of such officialdom? Sentiment and confidence are key, that's true... but many many people aren't stupid and will see it for what it really is. Thailand is a cool country in so many ways, but I'll never truly come to grips with the generic shameless lies that are intertwined into the fabric and corners of everything for the short-term benefit of whoever is espousing them.

If you are going to have your money over here in a bank, then one of the best would probably be the SCB as it's the first bank here in Thailand, with the royal seal plus a certain vested interest owns like 30% of the shares... highly unlikely that the SCB will be allowed to fail under any curcumstances. As for the 1 million limit, it is derisory really and does not inspire confidence. Although, as a foreigner, I'd say that people should only be really bringing over here what you need to for the short-term future as so many things can do a 180 at a moments notice... there is a reason the often repeated adage about only having/investing here what you can walk away from, exists. If you are retired or have capital as a foreigner and haven't (which obviously you should never do) severed your financial ties to your home country, then you probaly should be having most of your wealth invested in something like an index/EFT fund (tracking the S&P 500 like Vanguard etc.) and maybe a portion of the total as slush money to move around and do as you want with... maybe 75% to 25% or something like that. Guess it depends on your risk tolerance levels and what you can or cannot squander. As a large investor, then I could probaly come up with much better ideas for destination countries than Thailand for bigger capital. If on that level, we could always canvass the likes of Carlsberg, Pepsi or Australian mining companies for their opinions. Thailand needs to understand that sentiment and confidence are key and you get those by civilian government, strengthening the rule of law, and treating all equally before it, foreigner or Thai, rich or poor. As it stands, I'm quite happy to let my investments in the West rack-up and roll-over, and then moving over what I need to live comforably through Transferwise.

The elite must have spent enough overseas and acquired sufficient foreign currency... time to bring it all home and swallow up even more assets in Thailand as the time is ripe for preditory cheap aquisitions and become even richer. This obviously requires a change in the exchange rate to their favour. If they do this now, then they will be set just right for when the pandemic ends and the recovery starts. Rinse & repeat.

What they announce and what actually happens is wildly different here on most fronts... forgive me being a cynic.

Pretty bad when they say that foreigners in the provinces are going to get the Sinovac, which isn't approved in the West, when the EU, UK, and US etc. have been donating the better quality mRNA plus AZ ones to Thailand for free... bit of a joke really. I bet the donated shots all end up in the Amart's secret stash.