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42
Economy The Thai Baht Paradox: Currency Climbs as Economy Falters
Well, stocks are actually treading water atm. Depending how far you go back, they are lower than, say, 3 months ago. Tariffs are paused for 90 days, and have about 60 days before the pause ends. I’m not sure that counts as “stabilizing “ since the don’t float up and down, they are what they are set at, full stop. US inflation has trended down over the last 12 months, that trend APPEARS to perhaps petering out, hence the Federal Reserve has held pat on interest rates for the last two sessions rather than cutting. other than the above, you are totally correct. Concerns about the ballooning US deficit and borrowing level, a credit downgrade, a government that seems only too happy for the USD to weaken, concerns of the independence of the Federal Reserve, all also reasons for a weaker dollar. In summery, the baht is not strong, but the USD is weaker against almost all other major and emerging market currencies. -
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Israeli Man Arrested for Using Fake Passport at Suvarnabhumi Airport
How did he get into the country if his passport was fake? -
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Report Thailand to Require Medical Certificates for Cannabis Use Within 40 Days
You are now sealioning - the lowest form of argument... I really can't fathom why you don't look it up for yourself... Thailand decriminalised cannabis on 9 June 2022, it was removed from its list of controlled narcotics. (The repeal of cannabis from Thailand's Narcotic Drugs Act) - This change was formalised through a notification by the Ministry of Public Health, which was published in the Royal Thai Government Gazette on 8 February 2022. The notification removed cannabis and hemp from Category 5 of the Narcotics Code, effectively legalising the cultivation, sale, and possession of cannabis parts. This policy shift was part of a broader initiative led by then-Health Minister Anutin Charnvirakul, who advocated for the economic and medicinal benefits of cannabis. The decriminalization aimed to reduce prison overcrowding from drug-related offenses and to promote cannabis as a cash crop for rural communities Decriminalisation has led to a rapid expansion of cannabis-related businesses, especially in tourist areas, While cannabis was technically decriminalized in June 2022, recreational use became fully legal with the repeal of the Narcotic Drugs Act, according to a source. This allowed for the legal possession, consumption, and cultivation of cannabis, with some restrictions on public use. -
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Israeli Man Arrested for Using Fake Passport at Suvarnabhumi Airport
Dont worry the Israeli embassy will get him out of there, EL AL will not leave without him, on that plane is 8 IDF special forces guys, and armed, -
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Report Foreign Earnings Taxed Under New Thai Rules - But With Exceptions
They can forget about getting additional remittances forever if they do that, people would simply leave unless they did the absolute unthinkable and went 'full USA' but I doubt that will ever happen.
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