The Thai Economy Is In Crisis

[chinthee]

Whoa boy! highdiver is your position that 4% growth is admirable in an environment of 8-10% growth of competitive "developing country" SE Asia economies?

Better go have another drink. Get serious.

from you chintee i expexcted better.

how can you compare Thailands economy with china.??

how can you compare thailnd and indonesia vietnam laos and cambodia??

please do read the post from yesterday which explains it.

if you wish to debate economics lets do debate.

Vietnam. Malaysia. Philippines. Singapore.

Thailand is not China, but it is a country the size of the UK or France in SE Asia. It should be properly compared as against Malaysia, Philippines, and most importantly, Vietnam.

It is losing big time.

[highdiver]

Whoa boy! highdiver is your position that 4% growth is admirable in an environment of 8-10% growth of competitive "developing country" SE Asia economies?

Better go have another drink. Get serious.

from you chintee i expexcted better.

how can you compare Thailands economy with china.??

how can you compare thailnd and indonesia vietnam laos and cambodia??

please do read the post from yesterday which explains it.

if you wish to debate economics lets do debate.

Vietnam. Malaysia. Philippines. Singapore.

Thailand is not China, but it is a country the size of the UK or France in SE Asia. It should be properly compared as against Malaysia, Philippines, and most importantly, Vietnam.

It is losing big time.

realy???

please explain why it is loosing?

you are a business man if i recall. please tell me wht you prefer. a business that has growth of 8% from 1 million or a business that has 4% growth from 10 million???

for your benefit here is my reply from yeterday.

if you can tell me how you can compare them then please do.

as for comparing the growth between thailand and the neigbours.

thailand

GDP (purchasing power parity):$596.5 billion

GDP (official exchange rate)$197.7 billion

GDP - per capita (PPP)$9,200

GDP - composition by sector:agriculture: 10%

industry: 44.9%

services: 45.2%

vietnam

GDP (purchasing power parity):$262.8 billion

GDP (official exchange rate)$48.43 billion

GDP - per capita (PPP)$3,100

GDP - composition by sector: agriculture: 20.1%

industry: 41.8%

services: 38.1%

Singapore.

GDP (purchasing power parity):$141.2 billion

GDP (official exchange rate)$$122.1 billion

GDP - per capita (PPP)$$31,400

GDP - composition by sector:agriculture: 0%

industry: 33.8%

services: 66.2%

the Thailand GDP in purchasing power is nearly 4.5 times bigger then singapore.

so a growth rate of 8% from 140 billion is far less then 4% of 596. billion. in plain cash.

vietnam with its 10% growth is still a 10% growth of 262 as compared to thailand its still under.

when you relate to growth you must compare the economies as well.

you can see that they have nothing in comon.

the gdp compositon indicates that each one is a different economy.

vietnam is still agriculture and industry

thailand moving while still having agriculture is moving to industry and services.

singapore no agriculture and mainly services. (financial ones) hence the outstanding GDP per capita.

the growth rate can not be compared as they are so different.

the growth rate in the past years in the devloped countries are very slow.

france 2.1%

uk 2.8%

usa 3.2% expected much lower this year.

germany 2.7%

but you dont compare those with thailand as they have GDP in trillions so while the percent is very low it is still a huge increase.

for the same reason you can not compare Thailand Vietnam and malasia Singapore.

[chinthee]

Ok, let's take this discussion slightly off track but still on point.

1. What has Thailand done to promote foreign investment lately? I think we can also answer that with the FBA changes.

2. What has Thailand done to promote grass roots entrepreneurial investment and operations in Thailand with foreign braintrust:

Ans: eliminate investment visas, cut back all other categories of visas, and otherwise stifle foreign brain trust infusion into the Thai economy.

3. What about venture capital and Private Equity? the cornerstones of private economic growth. Dead. Most funds have withdrawn from Thailand, period.

Where is the growth potential? Where is the excitement?

It's gone. Investors have moved on already to Vietnam and other places.

[highdiver]

Ok, let's take this discussion slightly off track but still on point.

1. What has Thailand done to promote foreign investment lately? I think we can also answer that with the FBA changes.

last week the thailand focus 2007.

BioAsia 2007: Thailand Expects to Attract Over 15000 Visitors

road shows by the BOI

2. What has Thailand done to promote grass roots entrepreneurial investment and operations in Thailand with foreign braintrust:

please check BOI site for the forign investment by forigners through the BOI in the past 12 months.

Ans: eliminate investment visas, cut back all other categories of visas, and otherwise stifle foreign brain trust infusion into the Thai economy.

so you think investors have a problem with that..?? do you think somene investing millions in thailnd has a problem with visa?

you must be referring to those lovley tourists who come here with small savings or a pension and open and up a small business. that is not an investment that thailand needs

3. What about venture capital and Private Equity? the cornerstones of private economic growth. Dead. Most funds have withdrawn from Thailand, period.

that is not true. just google venture capital in thailand and have a look.

erlier this year they even gave tax breaks for those investing in promotioned

http://www.readbangkokpost.com/business/en..._capital_to.php

Where is the growth potential? Where is the excitement?

It's gone. Investors have moved on already to Vietnam and other places.

[chinthee]

Ok, let's take this discussion slightly off track but still on point.

1. What has Thailand done to promote foreign investment lately? I think we can also answer that with the FBA changes.

last week the thailand focus 2007.

BioAsia 2007: Thailand Expects to Attract Over 15000 Visitors

road shows by the BOI

2. What has Thailand done to promote grass roots entrepreneurial investment and operations in Thailand with foreign braintrust:

please check BOI site for the forign investment by forigners through the BOI in the past 12 months.

Ans: eliminate investment visas, cut back all other categories of visas, and otherwise stifle foreign brain trust infusion into the Thai economy.

so you think investors have a problem with that..?? do you think somene investing millions in thailnd has a problem with visa?

you must be referring to those lovley tourists who come here with small savings or a pension and open and up a small business. that is not an investment that thailand needs

3. What about venture capital and Private Equity? the cornerstones of private economic growth. Dead. Most funds have withdrawn from Thailand, period.

that is not true. just google venture capital in thailand and have a look.

erlier this year they even gave tax breaks for those investing in promotioned

http://www.readbangkokpost.com/business/en..._capital_to.php

Where is the growth potential? Where is the excitement?

It's gone. Investors have moved on already to Vietnam and other places.

highdiver, you win. Thailand is the best and most optimal place in SE Asia for foreign investment. Now, how many glasses of koolaid would you like at 10 baht each?

[Mid]

Now, how many glasses of koolaid would you like at 10 baht each?

five ,

but I'll take ten if you can lower the price to fifteen baht each ...........................

[Mid]

Thai economy lagging behind; India, China driving Asian growth

September 19, 2007

By Amrit Pal

snip

However, Thailand's economic growth ranks among the lowest not only in Asia but in Southeast Asia as well since the domestic demand and investment have slumped in the past couple of years. While other economies like Indonesia, Singapore and Vietnam (apart from India and china) are booming, taking the average growth to 5.6% in the region, Thailand is trailing behind at about 4%. According to the Bank of Thailand (BoT) governor Tarisa Watanagase, Thailand's economic growth in 2008 would be around 4.5-6 per cent. Projections on Thai economic growth in 2008 is still maintained at 4.5-6 per cent due to planned government investment in mega-projects which is expected to stimulate investment by the private sector and the disbursement of government spending for fiscal 2008 beginning October 1 this year, said Mrs. Tarisa.

On the contrary, while ADB has upgraded economic growth forecast for the region, it left Thailand's GDP growth prediction unchanged. ADB forecasted Thai GDP in 2007 and 2008 at 4 per cent and 5 per cent respectively, which remains unchanged whereas the forecast for Southeast Asian region economic growth has been increased from 5.6 per cent to 6.1 per cent.

thaindian.com

pass the kool-aid .

[Carmine6]

Here's part of the problem for exporters. Higher volume but lower prices, meaning net lower revenue. Note the 22% price decrease is in dollars, so the net in baht is much worse. Sugar is an extreme case since prices last year were incredibly high, but some other crops are down as well. I can't believe no one is looking at making ethanol from sugar like Brazil does. Lowers oil demand and increases sugar demand.

http://www.bloomberg.com/apps/news?pid=206...fer=commodities

Thailand to Sell 216,666 Tons Raw Sugar at Tender Tomorrow

By Rattaphol Onsanit

Sept. 19 (Bloomberg) -- Thailand, the biggest sugar-exporting country after Brazil, will offer to sell 216,666 metric tons of the sweetener tomorrow, more than twice the volume of a previous tender.

snip

Thailand may increase exports by almost 15 percent to a record 5.5 million tons in the marketing year beginning in December, Amnuay Patise, general director of Thai Sugar Millers Corp., said on Sept. 4. Its output will probably rise by more than 14 percent to about 8 million tons, he said.

snip

Prices Fall

Sugar futures for March delivery fell 0.01 cent to 9.61 cents a pound yesterday on the New York Board of Trade, which was acquired last year by Intercontinental Exchange Inc. and renamed ICE Futures US. May delivery fell 0.02 cent to 9.66 cents a pound.

Sugar is down 22 percent in the past year because global supply is expected to exceed demand as Indian output surges. The surplus may swell 17 percent to 14 million metric tons in the year starting Oct. 1, according to ED&F Man Holdings Ltd., the largest trader of the sweetener.

[Carmine6]

Thailand is right in their backyard and they're all the way over in Brazil instead:

http://www.risingsunofnihon.com/2007/03/ja...investment.html

Japan-Brazil Ethanol Investment Could Reach $8 billion

"Japan's demand for ethanol is between 1.8 billion and 6 billion liters each year and Brazil exported 3.4 billion liters last year. Japan is willing to invest up to $8 billion hoping Brazil can/will do more."

"Japan's National Development Bank will finance distilleries aimed exclusively for the Japanese market."

[cclub75]

Sept. 19 (Bloomberg) -- Thailand, the biggest sugar-exporting country after Brazil, will offer to sell 216,666 metric tons of the sweetener tomorrow, more than twice the volume of a previous tender.

Sugar futures for March delivery fell 0.01 cent to 9.61 cents a pound yesterday on the New York Board of Trade, which was acquired last year by Intercontinental Exchange Inc. and renamed ICE Futures US. May delivery fell 0.02 cent to 9.66 cents a pound.

Sugar is down 22 percent in the past year because global supply is expected to exceed demand as Indian output surges. The surplus may swell 17 percent to 14 million metric tons in the year starting Oct. 1, according to ED&F Man Holdings Ltd., the largest trader of the sweetener.

Tomorrow means today. And today.... On Bloomberg :

"Sugar Jumps Most in Three Months on Brazilian Supply Concerns

Sugar futures for March delivery rose 0.36 cent, or 3.8 percent, to 9.97 cents a pound at 1:20 p.m. on the New York Board of Trade. A close at that price would mark the biggest percentage gain since June 18. The price earlier reached 10 cents, the highest since Aug. 10.

The International Sugar Organization had forecast a global cane surplus of 10.8 million tons this year."

Bad timing for Thailand, huh ?

And by the way, it's a perfect exemple of the regular bullshit we get through medias... Misinformation, on a daily basis.

[Carmine6]

Sept. 19 (Bloomberg) -- Thailand, the biggest sugar-exporting country after Brazil, will offer to sell 216,666 metric tons of the sweetener tomorrow, more than twice the volume of a previous tender.

Sugar futures for March delivery fell 0.01 cent to 9.61 cents a pound yesterday on the New York Board of Trade, which was acquired last year by Intercontinental Exchange Inc. and renamed ICE Futures US. May delivery fell 0.02 cent to 9.66 cents a pound.

Sugar is down 22 percent in the past year because global supply is expected to exceed demand as Indian output surges. The surplus may swell 17 percent to 14 million metric tons in the year starting Oct. 1, according to ED&F Man Holdings Ltd., the largest trader of the sweetener.

Tomorrow means today. And today.... On Bloomberg :

"Sugar Jumps Most in Three Months on Brazilian Supply Concerns

Sugar futures for March delivery rose 0.36 cent, or 3.8 percent, to 9.97 cents a pound at 1:20 p.m. on the New York Board of Trade. A close at that price would mark the biggest percentage gain since June 18. The price earlier reached 10 cents, the highest since Aug. 10.

The International Sugar Organization had forecast a global cane surplus of 10.8 million tons this year."

Bad timing for Thailand, huh ?

And by the way, it's a perfect exemple of the regular bullshit we get through medias... Misinformation, on a daily basis.

Since Thailand was selling the future deliveries today they probably had a good auction. It really argues for building ethanol facilities in Thailand. Japan clearly will buy ethanol, and if not, then it can be used domestically. The 4% gain in price today doesn't claw back all of that 22% decrease since last year, which is even worse when converted to baht per ton.

[highdiver]

Ok, let's take this discussion slightly off track but still on point.

1. What has Thailand done to promote foreign investment lately? I think we can also answer that with the FBA changes.

last week the thailand focus 2007.

BioAsia 2007: Thailand Expects to Attract Over 15000 Visitors

road shows by the BOI

2. What has Thailand done to promote grass roots entrepreneurial investment and operations in Thailand with foreign braintrust:

please check BOI site for the forign investment by forigners through the BOI in the past 12 months.

Ans: eliminate investment visas, cut back all other categories of visas, and otherwise stifle foreign brain trust infusion into the Thai economy.

so you think investors have a problem with that..?? do you think somene investing millions in thailnd has a problem with visa?

you must be referring to those lovley tourists who come here with small savings or a pension and open and up a small business. that is not an investment that thailand needs

3. What about venture capital and Private Equity? the cornerstones of private economic growth. Dead. Most funds have withdrawn from Thailand, period.

that is not true. just google venture capital in thailand and have a look.

erlier this year they even gave tax breaks for those investing in promotioned

http://www.readbangkokpost.com/business/en..._capital_to.php

Where is the growth potential? Where is the excitement?

It's gone. Investors have moved on already to Vietnam and other places.

highdiver, you win.Thailand is the best and most optimal place in SE Asia for foreign investment Now, how many glasses of koolaid would you like at 10 baht each?

ahh the old koolaid reply..???

so when you can not debate the gdp growth comparison you move to another point and when that can not be debated you turn to the koolaid

so what are those forignrrs that are not confident about investment have to say???

here are a few samples.

McCann Worldgroup (Thailand) will be upgraded to serve as the company's Southeast Asia headquarters, replacing Singapore, according to president and chief executive Mark Ingrouille.

He said that the New York-based media and marketing consulting agency had several reasons for the move.

Significantly, McCann management has seen the potential and fast development of Thailand

The disadvantages the country once had relative to Singapore and Hong Kong have now disappeared, he said in Bangkok yesterday.

Positive factors for Thailand included the new airport, improved internet service and English proficiency. As well, he said, global clients, not only in consumer products but also technology, were paying more attention to Thailand's strong consumer base.

The country's unsettled political climate was not causing any second thoughts, he said, adding that the official announcement would be made in the next two weeks. ''We are still taking action. Our new 180-million baht office building is the evidence.'

UOB Asset Management will introduce two more foreign investment funds in the last quarter of this year, which would drive its net asset value to 100 billion baht as planned.

US-based software-provider Infor has high expectations for Thailand this year. Company’s senior vice president for global marketing Rick Parkersaid that it had launched its service-oriented architecture, software for the automotive, manufacturing and service sectors. This is to help increase the flexibility of business processes, strengthening the information-technology infrastructure as a catalyst for growth and innovation. These key business areas are expected to have a two digit revenue growth this year. Infor also offers software for personal, mid-range ad mai-frame computers.

Microsoft outlines expansion plan for online business in Thailand

Microsoft decided that it will lay out an aggressive plan to increase its online business in Thailand , where they see potential growth in that area. According to ACNielsen, they found that Thai users to be the ninth most “engaged users” in the world.

Amata Corporation industrial estates

Manufacturers can own 100% of their Thai operations, unlike in China and other Asian countries, where joint ventures are required,” says Thomas Reese, president of Amata Corporation industrial estates. He credits this advantage with helping to attract many of the 500 factories at Amata’s two Thai sites near Bangkok, including blue chips like BMW.

Bristol-Myers

Foreign investors increasingly choose Thailand for ‘knowledge’ operations, such as regional headquarters and R&D centres, attracted in part by new incentives from the government’s Board of Investment. Infant nutrition specialist Mead Johnson recently established its largest R&D centre outside the US at its factory at Amata Nakorn, staffed largely by Thai researchers and headed by a local scientist. “Thailand has an excellent, skilled workforce, and our R&D centre is proof of that,” says general manager Matthew Chapple.

The Bristol-Myers Squibb subsidiary also invested in high-tech production equipment to expand its factory, which will export half its production.

“It’s been a tough year but Thailand still offers the ultimate advantage, which is superior profitability,” says Mr Reese.

yes chintee

Thailand is a great place to invset and you can own your own businesss if you set it up properly through the BOI and then the FBA rules dont apply to you. you will aslo get a a very nice visa and no hassles from imigration and even a citizenship if you so wish.

Or..... you listen to those members who come here with small a savings or a pension and opend up a small business competeing with the locals and when they canr compete or are having a bad time they sit around whinge and complain how thailand is a bad for investments.

[Mid]

Thailands economy in size is no equivelent to those in the same area so a growth of 4% is still a very healty growth.

I dont expect the Cut and Paste ignorrent poster to have an opinion as education was not one of his benefits but you seem to be a thinking person.

and 5 becomes 4 ...............

pot > kettle

[Jai Dee]

Chamber of Commerce suggests BoT launches measures to curb the baht due to FED’s interest rate cut

Chairman of the Thai Chamber of Commerce, Pramont Sutheewong (ประมนต์ สุธีวงศ์), says the Federal Reserve System (FED)’s decision to cut interest rate by 0.5% will strengthen the baht currency and affect the Thai exporters afterward.

Mr Pramont therefore suggests that the Bank of Thailand (BoT) should launch measures to prevent the rate cut’s effects on the currency and the export sector. He says the export sector has been slowed down during the second part of the year.

The chairman says further that the private sector has already adjusted itself to prevent effects from FED’s rate cut. He expects that the new government will have efficient economic policies as the country’s economy had been slowed down during the previous two years.

Source: Thai National News Bureau Public Relations Department - 20 September 2007

[Mid]

Fed's sharp rate cut won't drag Thailand along, says BoT

Thursday 20 September 2007 02:45:52 PM (GMT+7:00)

BANGKOK, Sept 20 (TNA) – Bank of Thailand Governor Tarisa Watanagase on Wednesday indicated that the United States Federal Reserve's decision to slash key interest rates by half a percentage point would not press Thailand to cut the policy interest rate in the same direction.

She said the Fed's move for the half-point rate cut is considered one of the factors the central bank will take into consideration in estimating the direction of Thailand's interest policy at the meeting of the Monetary Policy Committee to be held on October 10.

The move would not press BoT to follow suit. The decision on Thailand's policy interest rate is up to the MPC's discretion, Mrs. Tarisa asserted, emphasising that the country will not be dragged along by the US policy.

snip

MCOT Public Company Limited.

Edited September 20, 2007 by Mid

[cclub75]

Chamber of Commerce suggests BoT launches measures to curb the baht due to FED’s interest rate cut

Here we go again...

And indeed, this morning USD is droping like bird shit. 1.40 against Euro. And THB (off shore), 31.70....

Prepare tissues : they're going to cry again. August was just a... parenthesis.

[cclub75]

New listed firms much less than target : SET

“Pattareeya Benjapolchai, president of the Stock Exchange of Thailand, said the newly listed companies this year were much less than the target.

Over the first nine months of this year, there were less than 10 companies listed on the SET, far less than 64 companies the SET estimated previously.

Earlier, Prakorn Malakul Na Ayudhya, chairman of the SET, said he would like to implement urgent measure to boost new listed companies for the rest of this year or “fast track” policy“. (Nation)

[Maxi101]

Fed's sharp rate cut won't drag Thailand along, says BoT

Thursday 20 September 2007 02:45:52 PM (GMT+7:00)

BANGKOK, Sept 20 (TNA) – Bank of Thailand Governor Tarisa Watanagase on Wednesday indicated that the United States Federal Reserve's decision to slash key interest rates by half a percentage point would not press Thailand to cut the policy interest rate in the same direction.

She said the Fed's move for the half-point rate cut is considered one of the factors the central bank will take into consideration in estimating the direction of Thailand's interest policy at the meeting of the Monetary Policy Committee to be held on October 10.

The move would not press BoT to follow suit. The decision on Thailand's policy interest rate is up to the MPC's discretion, Mrs. Tarisa asserted, emphasising that the country will not be dragged along by the US policy.

snip

MCOT Public Company Limited.

Hear, hear ................................................

[Mid]

Thai business confidence improves in August

09.21.07, 1:22 AM ET

BANGKOK (Thomson Financial) - Thai business confidence in August edged up from a four-year low on easing political uncertainty, marking the first increase in three months, a survey showed Friday.

The confidence index rose to 76.0 from 72.7 in July, the Federation of Thai Industries said in a monthly survey.

'The index rose as political uncertainty eased due to the passage of a constitution in a referendum and elections set on December 23,' said Adisak Rohitasun, vice chairman of the federation.

The economy has been hit by sagging business confidence due to prolonged political turmoil surrounding the ouster of premier Thaksin Shinawatra in last year's coup and the installation of an army-backed government.

But local business leaders have hoped that the economy would pick up early next year as Thailand is expected to hold elections in late December.

Thailand's economy is expected to rise over 4 percent in 2007, led by exports, which account for 60 percent of the country's gross domestic product.

forbes.com

pulling out all the stops now ,

even get an over 4 % increase in GDP ,

remember that it's the GDP that's led by exports ,

not , that other one ........................................

[Mid]

Opinion

That nationwide motorcycle sales from January to July of this year were down 16 per cent from the same period last year, as reported in the August 30 edition of Krungthep Turakij, will come as a surprise only to those in the business who felt the drop to be steeper.

if there is one thing that is too much is mottorbikes...

however the drop in motorbike sales is contrated by the very high increase in pickups. not passenger cars but pickups.

it seesm rural thailand is moving up from motorbikes to pickups.

Thailand: Political instability continues to dampen vehicle sales

By Automotive World staff writer (MVR)

21 September, 2007

Vehicle sales in Thailand fell 9.4% year-on-year in the 1 January-31 August period, local newspaper Bangkok Post reports, citing data provided by Toyota Thailand, which compiles statistics for the industry.

snip

Source: Automotive World

knives to a gun fight ............................

[Mid]

Pick-up war boosts August sales

Friday September 21, 2007

Amidst what appears to be false demand stirred up by pick-up powerhouses as major players engage in price wars forced upon dealerships throughout the kingdom, the vehicle market still improved with sales of 54,163 vehicles in August to lower contraction rates down to single digit for the first time this year.

According to Toyota Motor Thailand, total vehicle sales for the first eight months reached 397,835 units which represented a 9.4% drop when compared to last year during the same period.

snip

bangkokpost.com

bangkokpost.com

[Mid]

Thailand's exports hit record high

BREAKING NEWS

Thailand's exports amounting to nearly US$14 billion last month, hit a record high with an 18 per cent rise over the same period last year while a total of about US$ 97 billion was earned from exports during the last eight months this year, according to Commerce Minister Krirkkrai Jirapaet.

Such positive trade values had occurred in spite of the stronger baht currency and exporters' complaints of difficulties in dealing with world export markets, the commerce minister said.

Of last month's US$14 billions export figures, farm goods categories marked a 12 per cent increase, industrial goods marked a 17 per cent increase and other export categories made a 23 per cent rise.

Thailand had already earned an estimated Bt97 billion in goods export over the last eight months, marking a 17 per cent increase over the corresponding period last year and a Bt 6.4 billion trade surplus.

snip

bangkokpost.com

[highdiver]

record high??? high???

wow this must the proof of the crisis.

koolaid any one???

Edited September 21, 2007 by highdiver

[highdiver]

Mid' post='1540556' date='2007-09-17 13:56:43'

That is not definitely the case.

Consumer confidence remains lacklustre, hitting a new five-year low.

Investment continues to be weak.

Exports are slowing down.

Even worse, more than 300 labour-intensive companies have closed down because of the rising baht and structural problems.

The economy will grow at slightly over 4 per cent, much below the country's growth potential of 5-6 per cent.

Thanong Khanthong

The Nation

one trusts Khun Thanong Khanthong ,

is not having problems with their $2000 pension is hammered by a strong Thai baht.

once again Palm displays his ignorance and arrogance ................

so 4 days later the facts are in the news.

- Thai business confidence in August edged up from a four-year low on easing political uncertainty, marking the first increase in three months, a survey showed Friday.

Thailand's exports amounting to nearly US$14 billion last month, hit a record high with an 18 per cent rise over the same period last year while a total of about US$ 97 billion was earned from exports during the last eight months this year

BOI has more and more investors lining up..

looks llike Palm was 100% right on the contrary to Khun Thanong Khanthong....

thats ok its not the first time Khun Thanong Khanthong has got things wrong...

[Mid]

Phatra Securities president Supavud Saichue

specifically this guy "diver , does he know what he's on about ?

and those people as well...

Anders Wihlborn, the managing director of Merrill Lynch Asia Pacific.

SET president Patareeya Benjapolchai

so lets get this straight ,

Khun Supavud Saichue the President of Phatra Securities is a good judge of the economic status of Thailand , who has advise worthy of attention ?

bump ...........................

[highdiver]

Reserves rise to US$78.2 bn

Thailand's foreign reserves rose sharply to US$78.2 billion as of Sept 14, up from $76.8 billion in the previous week, according to the Bank of Thailand.

The central bank also revealed on Friday that net forward positions in the week also increased to $12.4 billion from $12.2 billion in the week earlier.

- The Nation

looks like the crisis continues....

[highdiver]

url="http://www.nationmultimedia.com/2007/09/22/business/business_30049884.php"]Industrial confidence up on orders[/url]

more signs of trhe crisis.....

[highdiver]

In the top 10

Thailand has been ranked among the top 10 retirement destinations by International Living magazine in its 15th Annual Global Retirement Index. Mexico ranked first, followed by Ecuador, Italy, Panama, Australia, Malta, Spain, South Africa, Malaysia and Thailand.

The report covered 29 countries and ranked them in several categories, including real-estate costs, special benefits offered to retirees, culture, safety and stability, healthcare, climate, infrastructure and cost of living.

The United Kingdom was ranked at the bottom of the list - primarily because of its high property prices and overall high cost of living.

The Nation

wow this crisis is going stronger......

[highdiver]

and in properties....

Le Meridien is developing five hotels and resorts in Thailand and one in China with 1,600 rooms, marking the group's fastest growth in the region. This will double its properties in the Kingdom.

i guess they are not following the dooms day brigade predictions....

[highdiver]

SET ends up 1.97%

Thai shares rallied almost 2 per cent on Friday on foreign investors' buying spree in energy stocks after the record high oil price.

well those forign investors peobebly did not hear about "investors confidence"...