Faced by strong baht, Thailand plans to relax rules on outflows

[Isaan sailor]

On 10/4/2019 at 8:27 PM, EricTh said:

. It is the speculation money that is flowing in from America and Europe that's the real culprit.

Agree that speculation, aka hot money inflows that pumps up the Baht.  But hot money comes from China, and it usually comes with kickbacks.  And that’s the incentive.

[metisdead]

Off topic posts and replies have been removed. 

[Artisi]

On 10/5/2019 at 1:49 PM, hotchilli said:

In God I trust all others pay cash  !

No, no, everyone pays  cash as far as I'm concerned. 

[Baerboxer]

On 10/4/2019 at 8:26 PM, Cadbury said:

Good to have it confirmed that that economic conditions are deteriorating and that they will restrict capital outflow. 

Whatever that might mean.

The string pullers in the Thai economy are a real worry. That they are military people makes the prospects even worse.

 

Restrict ?? Article says they are going to relax capital outflow rules. Making it easier for investors to move their money out of Thailand. BoT will set the e/r's etc.

[Teee]

12 hours ago, bert bloggs said:

But you can "own" it through your children ,when i die my son just keeps paying the mortgage .

But unless your children are born in Thailand and are Thai...they can not 'own' therefore money paid by you would never be anything other than Thai money.

[bert bloggs]

10 hours ago, Teee said:

But unless your children are born in Thailand and are Thai...they can not 'own' therefore money paid by you would never be anything other than Thai money.

But he was born in Thailand ,we just moved to the UK for many years before returning , so win win