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

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

"...or the highest rate in 62 months..."

 

or just about back to where it was when you took over 50 months ago.

The PM said consumers’ confidence had continuously increased 

 

I want to join him in his bubble  

Sad thing is the poor delusional man actually believes the garbage he spouts.

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. 

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. 

It’s funny to listen to him for the first 3 minutes, but then my flask gets empty…

Edited August 13, 20187 yr by Lupatria

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.

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.

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?

If the wealthy are happy, so is he

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 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

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

You cant make this stuff up. It's priceless..

3 hours ago, colinneil said:

Sad thing is the poor delusional man actually believes the garbage he spouts.

Straight jacket material 

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

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.

5 hours ago, micmichd said:

So what? 

If you had the money, would you rather invest in the West?

Yes

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.

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, 20187 yr by marcusarelus

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

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.

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?

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?

 

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? 

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

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

As the old quote goes... There's lies,  damned lies, and statistics.