webfact Posted August 13, 2018 Share Posted August 13, 2018 PM happy with better economic conditions in Thailand BANGKOK, 13 August 2018 (NNT) - Prime Minister Prayut Chan-o-cha has expressed his satisfaction with people’s confidence in the Thai economy and vowed to continue to solve income problems for them, particularly the less-fortunate people. The PM said consumers’ confidence had continuously increased to 82.2 in July 2018 or the highest rate in 62 months, according to a survey by the University of the Thai Chamber of Commerce. The higher confidence was the result of better export and tourism sectors and higher produce prices in many provinces. The purchasing power of people in many provinces also increased. A survey by the Kasikorn Research Center also found that the living conditions of Thai households improved for the first time in six months, following higher farmer income and employment rate. Gen.Prayut stressed that the government is helping the low-income people through various measures in order to help increase their income and reduce expenses. Regarding the country’s logistic competitiveness ranking which has improved by 13 ranks, the premier said the government has been developing Thailand’s logistics and transport by investing in infrastructure megaprojects such as the construction of dual-track trains, high-speed trains, deep water ports and airports across the country. -- nnt 2018-08-13 1 Link to comment Share on other sites More sharing options...
Popular Post z42 Posted August 13, 2018 Popular Post Share Posted August 13, 2018 Hogwash. People are likely doing it tougher than ever. And the nonsense tourist figures and revenues are not even worth getting started on. As for the infrastructure projects. Most of it is still in the planning or construction phase, and as such can't be properly attributed to any real economic benefits just yet 6 1 2 Link to comment Share on other sites More sharing options...
Popular Post NCC1701A Posted August 13, 2018 Popular Post Share Posted August 13, 2018 "...or the highest rate in 62 months..." or just about back to where it was when you took over 50 months ago. 6 1 1 Link to comment Share on other sites More sharing options...
Popular Post canopus1969 Posted August 13, 2018 Popular Post Share Posted August 13, 2018 The PM said consumers’ confidence had continuously increased I want to join him in his bubble 4 5 Link to comment Share on other sites More sharing options...
Popular Post colinneil Posted August 13, 2018 Popular Post Share Posted August 13, 2018 Sad thing is the poor delusional man actually believes the garbage he spouts. 6 1 Link to comment Share on other sites More sharing options...
Popular Post spidermike007 Posted August 13, 2018 Popular Post Share Posted August 13, 2018 What he is saying is that he is really happy with HIS economic conditions. Having made billions off of his four year tenure. The people? They are facing major challenges. Most are not better off than when he seized power. Only him, and his top 50 men. They are the new super rich. 7 1 2 Link to comment Share on other sites More sharing options...
Popular Post peperobi Posted August 13, 2018 Popular Post Share Posted August 13, 2018 What economy the PM mean is for me not clear, all around the area where I live is looking day by day worse, the peoples have today less money a disposal than one year ago. 3 1 Link to comment Share on other sites More sharing options...
Popular Post Lupatria Posted August 13, 2018 Popular Post Share Posted August 13, 2018 (edited) It’s funny to listen to him for the first 3 minutes, but then my flask gets empty… Edited August 13, 2018 by Lupatria 1 1 3 Link to comment Share on other sites More sharing options...
Popular Post Cadbury Posted August 13, 2018 Popular Post Share Posted August 13, 2018 2 hours ago, z42 said: Hogwash. People are likely doing it tougher than ever. And the nonsense tourist figures and revenues are not even worth getting started on. As for the infrastructure projects. Most of it is still in the planning or construction phase, and as such can't be properly attributed to any real economic benefits just yet I would go further to suggest most of the infrastructure projects like the Eastern and Southern Economic Corridors and countless high speed trains and hubs of aircraft maintenance and robotic engineering and hubs of everything else are still in their "dream" phase. They don't have the proficiency or skills to fulfill these dreams so they are waiting for foreign investors to come along to do it for them. 4 1 1 Link to comment Share on other sites More sharing options...
candide Posted August 13, 2018 Share Posted August 13, 2018 Actually, the fun of it is that the Junta's future is in the hands of Trump. The economic situation has improved, following the general trend in the region (but with lower GDP growth rates). If Trump succeeds in creating a mess in the ME, it will likely trigger an economic crisis around the time of elections. 1 1 Link to comment Share on other sites More sharing options...
micmichd Posted August 13, 2018 Share Posted August 13, 2018 11 minutes ago, Cadbury said: I would go further to suggest most of the infrastructure projects like the Eastern and Southern Economic Corridors and countless high speed trains and hubs of aircraft maintenance and robotic engineering and hubs of everything else are still in their "dream" phase. They don't have the proficiency or skills to fulfill these dreams so they are waiting for foreign investors to come along to do it for them. So what? If you had the money, would you rather invest in the West? 1 1 Link to comment Share on other sites More sharing options...
Popular Post Redline Posted August 13, 2018 Popular Post Share Posted August 13, 2018 If the wealthy are happy, so is he 3 1 1 Link to comment Share on other sites More sharing options...
Srikcir Posted August 13, 2018 Share Posted August 13, 2018 1 hour ago, micmichd said: If you had the money, would you rather invest in the West? The US Dow Jones Industrial average went from 10,000 in 2010 to 25,000 in 2018 for a 250% gain. https://tradingeconomics.com/united-states/stock-market Now who'd want that? 1 1 1 Link to comment Share on other sites More sharing options...
Srikcir Posted August 13, 2018 Share Posted August 13, 2018 1 hour ago, Cadbury said: I would go further to suggest most of the infrastructure projects like the Eastern and Southern Economic Corridors and countless high speed trains and hubs of aircraft maintenance and robotic engineering and hubs of everything else are still in their "dream" phase. “And at the moment it’s only a 50-per-cent chance that the EEC will succeed.” - Tim Leelahaphan, an economist at Standard Chartered Bank (Thailand). http://www.nationmultimedia.com/detail/business/30352010 2 1 Link to comment Share on other sites More sharing options...
Popular Post Srikcir Posted August 13, 2018 Popular Post Share Posted August 13, 2018 1 hour ago, peperobi said: What economy the PM mean is for me not clear, all around the area where I live is looking day by day worse, the peoples have today less money a disposal than one year ago. "the average Bangkok resident has no sense that the economy has improved, people upcountry are suffering, and foreign investors are showing little interest in Thailand." - Tim Leelahaphan, an economist at Standard Chartered Bank (Thailand) http://www.nationmultimedia.com/detail/business/30352010 4 1 Link to comment Share on other sites More sharing options...
Media1 Posted August 13, 2018 Share Posted August 13, 2018 You cant make this stuff up. It's priceless.. 2 Link to comment Share on other sites More sharing options...
Popular Post Media1 Posted August 13, 2018 Popular Post Share Posted August 13, 2018 3 hours ago, colinneil said: Sad thing is the poor delusional man actually believes the garbage he spouts. Straight jacket material 1 1 2 Link to comment Share on other sites More sharing options...
sawadee1947 Posted August 13, 2018 Share Posted August 13, 2018 8 hours ago, webfact said: The PM said consumers’ confidence had continuously increased to 82.2 in July 2018 or the highest rate in 62 months, .....because people hope he would not be elected as PM next Link to comment Share on other sites More sharing options...
Cletus Posted August 13, 2018 Share Posted August 13, 2018 What measures for low income people is he talking about??? I personally know people working for 5k baht a month, 8-10 hrs a day, in a very touristic destination. 2 Link to comment Share on other sites More sharing options...
starky Posted August 13, 2018 Share Posted August 13, 2018 5 hours ago, micmichd said: So what? If you had the money, would you rather invest in the West? Yes 1 Link to comment Share on other sites More sharing options...
marcusarelus Posted August 13, 2018 Share Posted August 13, 2018 6 hours ago, Cadbury said: I would go further to suggest most of the infrastructure projects like the Eastern and Southern Economic Corridors and countless high speed trains and hubs of aircraft maintenance and robotic engineering and hubs of everything else are still in their "dream" phase. They don't have the proficiency or skills to fulfill these dreams so they are waiting for foreign investors to come along to do it for them. Looks to be almost done. 1 Link to comment Share on other sites More sharing options...
marcusarelus Posted August 13, 2018 Share Posted August 13, 2018 (edited) 6 hours ago, Cadbury said: I would go further to suggest most of the infrastructure projects like the Eastern and Southern Economic Corridors and countless high speed trains and hubs of aircraft maintenance and robotic engineering and hubs of everything else are still in their "dream" phase. They don't have the proficiency or skills to fulfill these dreams so they are waiting for foreign investors to come along to do it for them. A billion dollars the contracts have been let and subcontractors hired and paid to start work. https://www.rigzone.com/news/samsung_wins_contract_for_thailand_olefins_project-24-jan-2018-153258-article/ Edited August 13, 2018 by marcusarelus 1 Link to comment Share on other sites More sharing options...
marcusarelus Posted August 13, 2018 Share Posted August 13, 2018 6 hours ago, Cadbury said: I would go further to suggest most of the infrastructure projects like the Eastern and Southern Economic Corridors and countless high speed trains and hubs of aircraft maintenance and robotic engineering and hubs of everything else are still in their "dream" phase. They don't have the proficiency or skills to fulfill these dreams so they are waiting for foreign investors to come along to do it for them. Ha ha ha. You are an up to date guy eh? http://www.lcbcorp.com/en/project.php?id=26 1 Link to comment Share on other sites More sharing options...
marcusarelus Posted August 13, 2018 Share Posted August 13, 2018 6 hours ago, Cadbury said: I would go further to suggest most of the infrastructure projects like the Eastern and Southern Economic Corridors and countless high speed trains and hubs of aircraft maintenance and robotic engineering and hubs of everything else are still in their "dream" phase. They don't have the proficiency or skills to fulfill these dreams so they are waiting for foreign investors to come along to do it for them. Is it possible those are photos of construction of the high speed train tracks? If you said yes you are correct. 1 Link to comment Share on other sites More sharing options...
BestB Posted August 13, 2018 Share Posted August 13, 2018 I wonder where he gets his date from, as I am yet to come across a Thai who was happy with economy and conditions since the coup. raids after raids , changes after changes and nothing to benefit business owners . so what economy is he referring to? 1 1 Link to comment Share on other sites More sharing options...
thaiguzzi Posted August 13, 2018 Share Posted August 13, 2018 4 hours ago, Srikcir said: "the average Bangkok resident has no sense that the economy has improved, people upcountry are suffering, and foreign investors are showing little interest in Thailand." - Tim Leelahaphan, an economist at Standard Chartered Bank (Thailand) http://www.nationmultimedia.com/detail/business/30352010 Exactly! What planet is Prayut on? What drugs is he on? 2 1 Link to comment Share on other sites More sharing options...
Lungstib Posted August 13, 2018 Share Posted August 13, 2018 8 hours ago, webfact said: vowed to continue to solve income problems for them, particularly the less-fortunate people. Unfortunately these "less fortunate people" have little education, no qualifications and rely on minimum pay jobs. The 5% pay increase which was the first for several years was hardly likely to cause celebrations when food prices have been increasing by a similar amount every year. Farmers around me had a disaster with pineapple prices, mango season was not good and the prices for lamyai are low as usual. Just where has the farming miracle been happening? And we are not talking about a minority here. Outside of the big cities a large number of citizens are on manual labour, minimum wage, and in the cities work as cleaners, shop assistants, waiters, etc. Will this type of worker see any gains from the big-ticket infrastructure projects? 1 1 Link to comment Share on other sites More sharing options...
marcusarelus Posted August 13, 2018 Share Posted August 13, 2018 5 hours ago, Srikcir said: "the average Bangkok resident has no sense that the economy has improved, people upcountry are suffering, and foreign investors are showing little interest in Thailand." - Tim Leelahaphan, an economist at Standard Chartered Bank (Thailand) http://www.nationmultimedia.com/detail/business/30352010 https://www.jobthai.com/searchjob/Industrial-Map-Ta-Phut-Industrial.html 1 Link to comment Share on other sites More sharing options...
marcusarelus Posted August 13, 2018 Share Posted August 13, 2018 5 hours ago, Srikcir said: "the average Bangkok resident has no sense that the economy has improved, people upcountry are suffering, and foreign investors are showing little interest in Thailand." - Tim Leelahaphan, an economist at Standard Chartered Bank (Thailand) http://www.nationmultimedia.com/detail/business/30352010 Sure 1 Link to comment Share on other sites More sharing options...
Small Joke Posted August 13, 2018 Share Posted August 13, 2018 As the old quote goes... There's lies, damned lies, and statistics. Link to comment Share on other sites More sharing options...
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