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Ketyo
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Posts posted by Ketyo
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As Trump gets squeezed tighter he will get more and more crazy. It will be great to watch. He might do something so irrational it will seal his downfall. Equivalent of directing a break-in at the Watergate. That would be great.
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Are hight ATM fees really a decision criteria when people choose their holiday destination? I never chose a country based on its ATM fees.
And are ATM fees in Thailand so much higher than other countries. It seems that they have been going up rapidly in most countries recently.
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There is no mention of the UK in this list of potential export markets. Doesn't Thailand realise that the UK is desperate?
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I understood Trump gave the green light to Erdogan because of his real estate interests in Istanbul.
And that all those escaped ISIS prisoners are going to cause a lot of trouble and more violence in a lot of countries, including US NATO allies and Russia.
To Trump his job as president is a vehicle for furthering his family's wealth and power. No obligations to protect Americans' security in that.
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I would like to suggest that hardly anybody likes China. Not even the Chinese diaspora who are not going back. In the free market of ideas and ways to live who would choose China? There are 1.3bn Chinese that are bursting to spill out of China like spores in a putrid cyst. And they will spill out as soon as they have enough money. And that won't be far away.
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1 hour ago, eddie61 said:There are things the tourist authorities could do to stimulate the individual tourism sector.
Relaxing the laws that prevent local craft brewers from offering their products for sale, as an example.
Globally, there is a trend to interesting and varied craft beers being offered in bars. In Thailand they are all highly taxed and expensive imports, due to the laws that effectively create a tasteless duopoly in a key sector of the tourism take.
I suspect that if you follow the money, you will figure out why!
If you like craft beers, why not throw the towel in with Thailand and go to Cambodia... there are many great craft beers and micro breweries.... and the national beers are far better than in Thailand.
From what Number 1 says over there, he doesn't want to stop people making business and making money... but in Thailand General P is beholden to large corporates including large breweries ... and doesn't care a bit about letting little people do what they want... in fact he is active in stopping and controlling them
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This government doesn't give two hoots about the people especially the poor people. It views the people as a threat. A source of unruliness. In the military mind, the people are something to be controlled, not something to be supported and helped.
For 70 years, China has had authoritarian governments that has squeezed Chineseness and community out of their country and their people. If you want to see Chinese culture you will find more on the back streets of Hong Kong than in most Chinese cities that have been subject to slash and burn top-down central planning.
Prayut is doing the same with Thainess in an effort to control the people.
Prayut should remember that now he has been elected by the people, as an all democratic countries, he is not the boss of the people. He is a representative of the people. The people are the boss of him.
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This is good news.
Those capital controls were put in place after the Asian Financial crisis in 1997. They are there to fix that problem. When people rushed to get their money out of Thailand.
22 years later he world and Thailand is a very different place. People can invest in Thailand but its a real problem to get your money out. So money is building up and the Baht is strengthening artificially to the extent that it is throttling exports and risking sustainable economic development.
22 years later the BOT have recognised this as a problem. BTW global financial institutions don't like capital controls because they cause market distortions like this. They only support them for short term emergencies.
22 years of capital controls later. The BOT have recognised this as a problem.
Well done.
While they are busy removing capital controls they can also remove those import tariffs that also keep the Baht artificially high, imports costs of products (that don't even have competitor producers in Thailand) artificially high and slow down the domestic economy.
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If the Baht gets to 15 to the pound you should have left already.
If a pint (half liter) of draft beer is 150B in Bangkok (excluding happy hours) then one pint would cost ten pounds, which is too much. Of course if you live in the boondongles you might get a pint for 90B. In which case that would be 6 pounds which is also too much.
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My step father is English. He left school aged 12 without any qualifications and worked in manual labouring jobs all his life. He has no training in economics and doesn't understand it. He voted to leave because he wanted to take back control and didn't like all them foreigners coming in.
He has said that there may be a few bumps in the road after a no-deal Brexit but after that the pound will fly. He has said that Britain will be able to make trade deals with countries like Australia and New Zealand just as in colonial times, and those golden days will come back.
I don't know whether to listen to this old dock worker or the UK institute of fiscal studies, which says that the pound would go to near parity with the dollar.
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It is fun to watch a weakened UK finally get relegated to the second division. I hope Boris can get that 'no-deal' to completely smash up the UK economy. Time to pull your necks in little Britons and stop telling others what to do.
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If there was a right wing populist who was likeable, competent and honest...... or...?
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He's right about this. About reducing tariffs on imports. But not just on luxury brands at 30%. It should be on all imports. Including the cheese, wine and other imported food, drink and manufactures that have become stupidly expensive.
They maintain high import tariffs to protect local producers (of brands and cheese and wine and such etc.... hmmm). And developing countries rely on customs tariffs for much of their income because their tax systems are usually incompetent at raising taxes. Thailand is moving beyond this stage and should raise taxes by more sophisticated and less distorting means.
And, in Thailand now high import tariffs are contributing to the balance of payments surplus and the strong Baht. If they cut the unnecessary and distorting tariffs, imports into Thailand would rise, Thais would spend more at home, it would stimulate domestic consumption and moreover, the Thai baht would fall to reasonable levels (as more Baht would be used to buy foreign currency for imports)... which would help exporters and the tourist sector.
So why don't they do it? Because the government are military control dudes, not economists.
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"The foreign reserves, due to inflow of hot (black) chinese money is together with a high interest rate the only reason for the overvalued baht."
What exactly are these inflows of hot (black) Chinese money that has been talked about for years. Is it just Chinese getting money out of China and parking it in Thai government bonds or condos? And why is it "hot" or "black" money? Because its over the 50k annual limit for the Chinese?
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TAT really needs to be targeting tourist receipts NOT tourist numbers. When they do that they will see that targeting more Chinese doesn't move the dial that much on tourism receipts. What is does however, is degrade the tourism venues.
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Perhaps the UK can become a retirement destination for people who earn money in hard currencies.... I heard that bedsits in places called Cleethorpes and Grimsby are very cheap from September to May....
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I like watching Trump when he comes under pressure. I hope they ramp it up. I'd like to see him really hit the rails.
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These three just mean "must do better"... what are they going to do except work more efficiently... and why were they working so inefficiently before?
1. Coping with pressing problems and crises more efficiently;
2. Tackling with pollution at the source;
3. Boosting management efficiency.”
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Will there be enough space inside the cars for more people?
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Not much sympathy for idiots who have accidents when acting like <deleted>. These young chinamen are causing disorder all over SEA now. And it means the governments have to crack down and ban all sorts of stuff that used to be fine because people didn't act like such <deleted> before.
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From the miserable comments to this thread, my guess is that more than half of Thai Visa readers are miserable old men who may be at risk of suicide.. we should report them to that man in the photo... if we cared..
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Great... well done immos... though you are behind backwards countries like Afghanistan in biometrics by about 10 years you are certainly making progress...
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Doesn't Boris deserve to surrender bill for abuse of power and concocting Brexit an unprecentented witch-hunt to deflect attention and pressure Ukraine in his role as prosecutor general and not obey the law and privy councillors?
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How do you get a job as a food vendor on a foreign passport? Or are they in Thailand taking menial jobs illegally? If so, wouldn't it be easier for those Chinese to get jobs legally as food vendors in China, and less likely to have to steal?
China plans to replace Hong Kong leader Lam with 'interim' chief executive - FT
in World News
Posted
China should wonder why no-one wants to be Chinese and everyone wants to get out.... it might learn something useful