Cadbury
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Posts posted by Cadbury
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8 hours ago, webfact said:
Trade war and postponement of ban on chemicals likely to affect economy: expert
Another academic drama queen having his hour in the sunshine.
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7 minutes ago, saengd said:Yes sure, why try and blame falling exports on the two countries that represent 32% of all Thai exports and some silly little trade war! https://oec.world/en/profile/country/tha/#:~:targetText=The top export destinations of,and Malaysia (%2410.7B).
Close but no cigar!
As usual you select outdated numbers to lend support to your proud defence of junta style economics. These days both China and the US combined only represent 22% (not 32%) of Thai export trade.
The updated 2019 figures from your 2017 numbers are, to quote:
"Major export partners are China (12 percent), Japan (10 percent), the United States (10 percent) and the European Union (9.5 percent). Others include: Malaysia, Australia and Singapore."
I do acknowledge that if one Googles hard and long enough that statistics can always be found to suit any purpose and support any argument.
https://tradingeconomics.com/thailand/exports
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3 hours ago, webfact said:81.9% of respondents to a Super Poll agree that there is no better alternative to conscription
I think all this proves is that 81.9% of respondents were over the call up age for conscription, or were sexually disoriented in a way that would make them ineligible.
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3 hours ago, webfact said:
Unicorn may be hard to find as Thai SMEs are behind in digitalization
Hardly surprising as Unicorns are described as privately held startup companies valued at over 30 billion baht. AS the name suggests, an extreme rarity under the current economic climate? Anyway it is about money rather than digitization.
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2 minutes ago, baboon said:But in their defence, there is no real point to them attending. Any meaningful opposition to the junta will simply be ignored by the said junta and forgotten about in the media after a few days at best.
I think many of the Democrats were the ones who were traitors to their voters and their cause and sold their souls to the devil in exchange for ministry and lesser appointments. They are the ones who helped vote Prayut as the Prime Minister in return for prime positions at the trough.
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Funny man is Dr Somkid. Last week he came out with.............Sssh! "Don't mention the economy"; "if we keep talking about it, it'll make good things look bad......"
Today, in contradiction of his earlier remarks, he out and about in a depressive mood mentioning the economy and talking it down by telling everyone it is not doing so good and 300,000 to 400,000 workers have been laid off because of the drop in exports and factory shut shut downs.
And the predicted GDP growth which was originally set at 3.3% is now only 2.4%.
I suppose at least he is being honest about it, in contrast to TAT and some of the other flaky government spokespersons. Khun Prayut Chan-o-cha is maintaining shameful wall of silence; as he should.
Chin up everyone....we still have the "eat, spend, travel, shop" stimulus programme going......ad nauseum.
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12 hours ago, rooster59 said:
Thai motorists have so far have not fully gone EV
That is because there are no EV vehicles manufactured in Thailand and importation of used (EV) foreign cars is now banned. And even if they have one where do they plug it into to recharge; the power point in the garage maybe.
So where do Thai drivers get new EV vehicles. Pedo guy maybe.
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13 hours ago, rooster59 said:
‘Eat, Shop, Spend’
‘Eat, Shop, Spend’........not a problem!
The 1% filthy rich and elite friends of the government, politicians and military generals are doing it all the time. No worries, no need to register and no coupons needed.
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27 minutes ago, RotBenz8888 said:
This is what Thai people have been doing for years, on borrowed money.
The government has that covered as the stimulus programmes also include easy access low interest loans so the punters can borrow more and and go further into debt while keeping on spending, spending and spending.
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6 minutes ago, griffon2011 said:
China is already in trouble its just that you don't hear much about it in the mainstream media. For example construction has stopped on China's tallest skyscraper because Greenland Group which is China's largest developer was using a flawed business model that did not factor in a recession and relied on the sale of expensive apartment to generate funding and could not make a payment. Liquidity for construction has dried up. Also, several banks have recently failed and there have actually been some bank runs. The party is just starting.
If your prediction is true then batten down the hatches folks! After the storm has passed Cash will be King and opportunity will rise from the ashes.
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44 minutes ago, BritManToo said:
Recession ahead for every country IMHO.
Countries that rely heavily on tourism will be hit harder than others, as holidays are optional spending for most.
News out today that the EU is on the brink of recession and the Block's economy is being clobbered because of Brexit delays and the US/China trade war.
If the EU tips into recession then other countries are sure to follow which will likely have a negative impact on the Thai economy. The Thailand/EU free trade agreement is sure now to take a low priority under these circumstances. The PM's much lauded EEC should also be looking a bit sick with potential foreign investors hanging on the their money.
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6 hours ago, damascase said:The title of the article is incorrect. This doesn’t concern an ‘EU paper’, it comes frome private parties.
Correct, a very deceptive headline created by the The Nation. This paper is not an EU paper at all.
It was prepared by members of The European Association for Business and Commerce (EABC) which is based in Thailand.
They are simply doing a suck up to the EU and trying drum up business in Europe for their own benefit.
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Almost all the economic indicators signal more bad news ahead. TAT's exaggerated claims should be totally disregarded.
If for some reason the baht falls in value there might be some hope but others would argue there is little chance of that in the near future. Even the Thai Central Bank chief says the rising baht is a worry.
The government's unimaginative and addiction to "Chim Shop Chai" stimulus campaigns will do little more than give temporary relief and nothing to fix decreasing manufacturing and farm exports. Rice exports is shaping up as a big worry as other country's rice export prices are going down while their productivity and quality rises. Thailand is losing their share of the global rice market fast.
Thailand has an export driven economy and if that is not performing well then the country as a whole will not do well.
A lot will depend on the global economy and if that goes into recession then Thailand will likely be dragged down with it.
When Somkid, one of the chiefs of Thailand's economic team, comes out publicly and says.....ssssh! "Don't mention the economy" and saying it could affect confidence then something bad is in the air for sure.
https://thethaiger.com/hot-news/economy/deputy-thai-pm-dont-mention-the-economy
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3 hours ago, pattjock said:
Everyone in Thailand wear an amulet still more people die in traffic here than anywhere else. Maybe, just maybe, wearing an amulet have nothing to do with weather you survive or not.
Some Thais would probably argue the road toll would likely be double if they didn't wear amulets.
Alas, a tragedy that could have been avoided.
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51 minutes ago, neeray said:
Popularity levels go up and down like a yoyo. I'd like "up" a lot more if it was a result of good governing rather than a "little" giveaway.
Let's see if after the shine of Chim-Shop-Chai wears off, just how far and how fast it will drop.
Yes it will be interesting to see what it looks like after the failing economy starts to bite as it is now with factories shutting, completely or partially, exports dropping and workers being laid off.
Going from 14.1% to 25.6% only proves is popularity can be bought, like it was with the Thai Niyom cash splurge prior to the election.
Most of the Thias I speak with just laugh and snigger when I mention the name of the PM. They don't dare say anything negative because of fear.
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12 minutes ago, rooster59 said:“After we receive information from each ministry, we will categorise in each aspect such as social, economic and public welfare in order to make a presentation,”
The public can expect outpourings of, self-aggrandizement, pomposity and vanity mixed with a smatterings of conceit, narcissism and faux humbleness. Face preservation will take top priority.
It should be expected there will be extreme contortions of the truth and deliberate avoidance of controversial topics like the terrible road toll, legitimization of toxic poisons, decreasing exports and poor economic performance.
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2 hours ago, saengd said:
Whatever are you talking about....believers, run out of time!!!
I make no predictions on any ex. rate, neither am I defending anything, I just know very well that trying to calculate an ex. rate for any pair, one year ahead is akin to voodoo!
In one month's time it will be next year. Go on, have a stab at the baht rate for March next year. There is nothing to lose by it!
You being an expert it would be nice to know what you think it might be when compared to what other experts think.
The Thai Central Bank chief thinks is going to gain in value and is very concerned. Is he talking voodoo nonsense? What do you think of his opinion?
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2 hours ago, saengd said:
If anyone could forecast an exchange rate even close to reasonably accurately, that far ahead, they would be wildly rich, personally I think the chart is a bunch of tosh!
So what would be your forecast of the baht exchange rate be next week ....oh knowledgeable one! Please share your opinion with us.
Trying to defend the indefensible will only work for a short time for junta lovers.
Sadly you and the believers have run out of time. It is good night nurse as they say.
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The thug boots are going in ....DEEP!
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23 minutes ago, Skeptic7 said:
Good! Hope it downtrend continues indefinitely.
Latest figure I have today is 30.18/dollar.
Growing in value by the day. Predictions are that it will go to below 30 starting in the new year. The high baht is the export killer despite what some people deny.
Month Open Low-High Close Mo,% Total,% 2019 Nov 30.16 29.73-30.63 30.18 0.1% 0.1% Dec 30.18 29.73-30.63 30.18 0.0% 0.1% 2020 Jan 30.18 29.32-30.22 29.77 -1.4% -1.3% Feb 29.77 29.31-30.21 29.76 -0.0% -1.3% Mar 29.76 29.05-29.93 29.49 -0.9% -2.2% Apr 29.49 29.26-30.16 29.71 0.7% -1.5% May 29.71 28.47-29.71 28.90 -2.7% -4.2% Jun 28.90 28.13-28.99 28.56 -1.2% -5.3% Jul 28.56 28.29-29.15 28.72 0.6% -4.8% Aug 28.72 28.41-29.27 28.84 0.4% -4.4% Sep 28.84 28.72-29.60 29.16 1.1% -3.3% Oct 29.16 27.87-29.16 28.29 -3.0% -6.2% Nov 28.29 27.73-28.57 28.15 -0.5% -6.7% Dec 28.15 28.15-29.27 28.84 2.5% -4.4% - 1
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18 hours ago, snoop1130 said:The Philippines went to the WTO in 2008 to complain that Thailand was illegally discriminating against imports to protect its state-controlled Thailand Tobacco Monopoly.
Another sharp lesson to potential foreign investors and traders. Even with a WTO decision going against them they still try any dirty trick in their book when things don't go their way. Foreign investors are still effectively dealing with a military junta government and are playing with fire when dealing with Thailand.
A similar case to Hopewell. Thailand and the junta is not to be trusted as Kingsgate found out.
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37 minutes ago, sammieuk1 said:
The main import from the Turks is of course despot leadership corruption and the how to fake a coup manual and exactly the same will be exported back there????
Not forgetting......how to rig elections. Like I said before Erdogan and Prayut have a lot in common.
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1 hour ago, saengd said:"The seasonally adjusted unemployment rate slightly decreased, in line with the rising number of employed persons in agricultural sector".
Historically in Thailand, when the economy takes a downturn, people return to their roots and start farming again.
The remainder suggests that economic contraction is in line with global trading conditions, the current account surplus shrinks as exports shrink. But nice to have two strings to the bow, once again Thailand falls back on tourist numbers which have increased (seasonally), will be interesting to see what happens in March or so.
The Thai economy is an export driven economy. That seems to be the real root of the problem given what has now become an unhealthy and consistent pattern of falls in export value. To quote:
"The value of merchandise exports continued to contract, mainly due to the economic slowdown of trading partners, consistent with deterioration in manufacturing production and private investment indicators.......The value of merchandise exports, both including and excluding gold, dropped by 5.0 per cent".
They talk grandly, as TAT always does, of the increased non spending tourist arrival (Chinese and Indians) numbers as if that will save the day. Diddling around with repeated and unimaginative stimulus programmes like "travel, spend, eat and shop" might at best only give temporary relief.
Likewise, reliance on FTAs with basket case countries like Turkey won't help much either.
And still they obstinately refuse in this story to make any comment of the high baht.
One thing I believe hasn't helped and that is Prayut playing at being an economist and appointing himself as head of the economic team while relegating the experienced Somkid to nothing more than a salesman for the EEC. Maybe it is proving now Prayut has bitten off more than he can chew.
Yes indeed, interesting days ahead.
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A FTA with Turkey? Things are very desperate indeed.
Turkey is a basket case and verging on bankruptcy. And Erdogan and Prayut are birds of a feather in ways I am not allowed to describe.
Thailand needs to be careful. The EU and turkey are drifting apart and any deal with Turkey might put paid to an FTA between Thailand and the EU. They need to consider which is more important.
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Tesco Lotus to stop giving out plastic straws
in Thailand News Headlines
Posted
How can life go on in Thailand without a plastic straw? Sucking liquid through a plastic straw is a national pastime. It is in your face everywhere, every day and by just about everybody.