1 hour ago, Chelseafan said:

the strange thing about economics is that the good times have a nasty habit of biting you on the ass

Thais could care less, quick profit is what rules, long term .. it's a dozen coups away anyway, better take the money and run. The max planning term fathomable is two somtams away, appx 30mins.

On 11/30/2018 at 5:38 AM, Sonhia said:

Speaking to real people on the ground employed within the tourist industry, bar workers, business owners etc... the general response is that far less tourists are visiting Thailand, the ones that do spend money not the penny pinching recent mass tourist groups that spend far less amounts of money and are very rude...

OMG another "I know a bar or business owner who says NO Customer"

On 11/30/2018 at 5:38 AM, Sonhia said:

 

Thailand has become very expensive and difficult to live within.

Well, here we go the reason for your negativity you cannot afford it? Talk about penny pinching...

It is still rated in the top ten in the world for inexpensive living. So what is the problem??

 

Nothing more then a cliche post.  No customer, it is too expensive, everyone is leaving.

Sure, whatever.....

On 11/30/2018 at 5:38 AM, Sonhia said:

t's no wonder more long term farang are closing up shop and leaving or contemplating doing so, moving to more tempting locations close to Thailand that offer a cheaper way of life, simpler visa process and better investment opportunities, unlike Thailand. 

 

Really?  Where are they going? Tell us you seem to know..

My experience they are mostly people who have no clue how to run a business.

Bad rude attitudes, service, food, whatever.

People are not stupid they can spot a poorly run business that lacks everything.  So, they indeed stop going!

Edited December 1, 20187 yr by bkk6060

3 hours ago, Chelseafan said:

The baht is far too strong and needs to be devalued. Rice & seafood, two of their major exports are down as importers can buy cheaper from other countries. Those expats could be worth their weight in gold. Anyhow I've gone slightly off topic.

whatever you presented lacks background information why the Baht should be devalued and that's why your comment is incorrect / not applicable.

 

here's the beef:

Exports‎: ‎US$ 236.69 billion (2017)

Imports: US$ 225.10 billion (2017)

difference: a measly 5.3%

 

devaluation of Baht = zero sum game or most probably a loss because export of tech products (automotive / electronics, etc.) require imported of more expensive raw materials where agricultural / fishery products do not.

whatever you presented lacks background information why the Baht should be devalued and that's why your comment is incorrect / not applicable.
 
here's the beef:
Exports‎: ‎US$ 236.69 billion (2017)
Imports: US$ 225.10 billion (2017)
difference: a measly 5.3%
 
devaluation of Baht = zero sum game or most probably a loss because export of tech products (automotive / electronics, etc.) require imported of more expensive raw materials where agricultural / fishery products do not.

And in 2016 it exported $237b so no growth. Infact that is probably a decline if you take inflation into effect.




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3 hours ago, Chelseafan said:

3 hours ago, Naam said:

whatever you presented lacks background information why the Baht should be devalued and that's why your comment is incorrect / not applicable.
 
here's the beef:
Exports‎: ‎US$ 236.69 billion (2017)
Imports: US$ 225.10 billion (2017)
difference: a measly 5.3%
 
devaluation of Baht = zero sum game or most probably a loss because export of tech products (automotive / electronics, etc.) require imported of more expensive raw materials where agricultural / fishery products do not.

And in 2016 it exported $237b so no growth. Infact that is probably a decline if you take inflation into effect.

growth is measured by GDP not only by exports. economies fluctuate. your comment on Baht devaluation remains incorrect and your "no growth" comment is irrelevant.

TAT is counting the people who land in Suvarnabhumi airport and transfer to flights going to the countries that appreciate these tourists and don’t rip them off.

 

Because they land in Thailand TAT says visitor numbers are up