PM orders close global economy, trade war watch

 

   

BANGKOK, 12th August 2019 (NNT) - Thailand’ export sector has been affected by the slowing global economy and trade war since early 2018. The Prime Minister recently urged related agencies to closely monitor the effects of the global economy on the Thai economy, before discussing the matter with economic ministers.

 

The Government Spokesperson Narumon Pinyosinwat, disclosed today that the Prime Minister and Minister of Defence Gen Prayut Chan-o-cha had expressed his concerns regarding the effect on Thailand of the global economic situation and trade war, and had ordered related agencies to report data on the subject for discussion at the upcoming economic ministers meeting.

 

Thailand’s export sector has been affected by the slowing global economy and trade war since early 2018, resulting in a drop in export value in the first five months of 2.7 percent. This reduction is however less than in other countries such as Indonesia and South Korea where their value of exports in the first five months of the year reduced by 8.7 percent and 7.4 percent respectively.

 

The economic effect on Thailand of the trade dispute between the U.S. and China is expected to be felt in limited areas, and to result in both negative and positive changes. Items such as electronic circuits, computers and parts, are negatively affected from the higher tax the U.S. is imposing on all countries, while products from Thailand such as farm products may perform better in the Chinese markets, as well as farm products, food and drinks, rubber and plastic, and chemicals in the U.S. markets.

 

Meanwhile, tensions from the trade war may attract more investment by China into Thailand, as China is currently the 7th biggest foreign direct investor in Thailand, with 5.012 billion U.S. dollars of outstanding value in 2018, estimated at a 2.12 percent rise, which is higher than the 2 percent the previous year. China has since become the second biggest foreign direct investor in Thailand in Q1 2019, with 38 project requests for investment promotion, worth 9.072 billion baht in all.

 

-- © Copyright NNT 2019-08-12

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12 minutes ago, webfact said:

hina has since become the second biggest foreign direct investor in Thailand in Q1 2019, with 38 project requests for investment promotion, worth 9.072 billion baht in all.

And what does one make out of this new huge Chinese investment?

1 minute ago, holy cow cm said:

And what does one make out of this new huge Chinese investment?

About 30% is the usual rate

3 minutes ago, ThaiBunny said:

About 30% is the usual rate

Still need 51% to have majority.

No mention in that article about the sky high baht though.

40 minutes ago, webfact said:

Meanwhile, tensions from the trade war may attract more investment by China into Thailand, as China is currently the 7th biggest foreign direct investor in Thailand, with 5.012 billion U.S. dollars of outstanding value in 2018, estimated at a 2.12 percent rise, which is higher than the 2 percent the previous year. China has since become the second biggest foreign direct investor in Thailand in Q1 2019, with 38 project requests for investment promotion, worth 9.072 billion baht in all.

 

If China is #7 (or #2 in Q1 2019), then who are the top ten foreign direct investors?  (where is this published?)

"The PM likes blue. Yes it is a bit like a Geisha girl outfit."

 

2 hours ago, 4evermaat said:

If China is #7 (or #2 in Q1 2019), then who are the top ten foreign direct investors?  (where is this published?)

exempli gratia: https://tradingeconomics.com/thailand/foreign-direct-investment

 

Guess you could google masses of such sites, but I have no idea about their trustworthiness.

 

Watched a Youtube from an professional investment-guru some days ago, and he told he pays about 2,000 US-$ per month for subscriptions to reliable information/data sources (Bloomberg, Reuters aso.)

2 hours ago, NCC1701A said:

"The PM likes blue. Yes it is a bit like a Geisha girl outfit."

 

I think the blue has something to do with the Queen's mother celebration

Yes keep a close eye- vigilance is everything!

If they don't drop prices while the Baht is very high then they will lose orders and it will end in bankruptcy.

 

 

 

 

Keep an eye on those pesky farang

Yep. More foreign investment, that would force the Baht currency even higher. That will really help exports.

15 hours ago, NCC1701A said:

"The PM likes blue. Yes it is a bit like a Geisha girl outfit."

 

LOL Thais answer to North Korean newsreader

he  should  delegate all "watch"  matters  to Prawit!

"I like to watch" Chance Gardener or PM?

Watch economy like watching wooden bridge. Maybe set up betting pool for when one and/or other will collapse

close global economy, trade war watch

I wonder if DPM Prawit has one of those in his collection?

2 hours ago, gunderhill said:

he  should  delegate all "watch"  matters  to Prawit!

Yes OK as soon as he wakes up!

19 hours ago, webfact said:

The Government Spokesperson Narumon Pinyosinwat, disclosed today that the Prime Minister and Minister of Defence Gen Prayut Chan-o-cha had expressed his concerns regarding the effect on Thailand of the global economic situation and trade war, and had ordered related agencies to report data on the subject for discussion at the upcoming economic ministers meeting.

Prime Minister, Minister of Defense, Acting Commissioner of the Royal Thai Police and Department of Special Investigations Prayut is trying to figure how much more funds Thailand can BORROW from China to support his infrastructure plans that seem to favor Thailand's wealthiest corporations.

Prayut is very serious about the security of Thailand's top 1%.

PM orders close global economy, trade war watch

 

Another cabinet member orders a platinum Audemars Piguet watch.

23 minutes ago, Srikcir said:

Prime Minister, Minister of Defense, Acting Commissioner of the Royal Thai Police and Department of Special Investigations Prayut is trying to figure how much more funds Thailand can BORROW from China to support his infrastructure plans that seem to favor Thailand's wealthiest corporations.

Prayut is very serious about the security of Thailand's top 1%.

You left out general ????

Yep, they will watch the Baht rise every day—just like they’ve done for the past two years...

Hot money kickbacks, anyone?

Edited August 13, 20196 yr by Isaan sailor

8 hours ago, ukrules said:

If they don't drop prices while the Baht is very high then they will lose orders and it will end in bankruptcy.

 

 

 

 

They could also try dropping huge tariffs on imported goods instead of trying to keep the Thai monopoly alive... 

Have they not been closely watching the trade war and global economy already?

Do they have to dream up something every day to put in the newspapers about what Mr P did or didn't do, or sad or didn't say? Spare us.

On 8/13/2019 at 4:00 AM, ukrules said:

If they don't drop prices while the Baht is very high then they will lose orders and it will end in bankruptcy.

 

 

 

 

Don't worry the P M has lots of ORDERS,

23 hours ago, Pedrogaz said:

Have they not been closely watching the trade war and global economy already?

Do they have to dream up something every day to put in the newspapers about what Mr P did or didn't do, or sad or didn't say? Spare us.

Announcements, edicts  proclamations, photo ops and news briefings. All are well known tactics employed by despots worldwide for many years, past and present.