Strengthening baht, shortage of migrant workers worry exporters as markets look up

[robblok]

1 minute ago, dimitriv said:

 

More money in the hands of people -> more imports -> lower baht.

 

They could also lower import tax so the demand for foreign products will increase.

 

????

 

sorry but the poor Thais who need money dont buy imported products. They are happy if they can just buy food.

 

As for lower tax rate.. not smart when you already got a huge deficit in your budget. 

[onebir]

4 hours ago, robblok said:

sorry but the poor Thais who need money dont buy imported products. They are happy if they can just buy food.

Doesn't really matter: if they just buy more Thai rice (say) then there's less left to export, weakening the trade balance (exports - imports) and (demand for) the baht.

[hashmodha]

On 10/7/2020 at 9:13 AM, Isaan sailor said:

Complex problems—simple solution:  bring that damned Baht down.

Couldn't agree more with this!To keep it so strong made me not to exchange and change my pension arrangements,it really hurts,can imagine what it is doing to the economy here!

[dimitriv]

9 hours ago, robblok said:

????

 

sorry but the poor Thais who need money dont buy imported products. They are happy if they can just buy food.

 

As for lower tax rate.. not smart when you already got a huge deficit in your budget. 

 

No, poor Thais don't buy imported goods. And maybe that is the problem. All the money in the hands of 8 families. In other countries all people buy imported goods. But in Thailand this is not possible.

 

And that huge deficit in the budget you can also solve in other ways. Many countries do that in other ways. I think all countries do that in other ways. But for some reason the Thai government can only tax imported goods.

 

 

 

[A512]

On 10/7/2020 at 9:58 AM, Isaan sailor said:

Peg the Baht to the USD.  Or since they’re so enamored with the Chinese—peg it to the CCP Yuan. 

it is already pegged to USD always been, but it could change, specially now. Gold is the way, see the dragon society in Singapore, forget China mainland.

[A512]

2 hours ago, dimitriv said:

 

No, poor Thais don't buy imported goods. And maybe that is the problem. All the money in the hands of 8 families. In other countries all people buy imported goods. But in Thailand this is not possible.

 

And that huge deficit in the budget you can also solve in other ways. Many countries do that in other ways. I think all countries do that in other ways. But for some reason the Thai government can only tax imported goods.

 

 

 

 chinese goods right lol 

the Thai do not need the Chinese cr4p they already got their own version of it.

Edited October 8, 2020 by A512