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Thai economy no longer a subject of global interest, new report says


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Posted (edited)

Worldwide demand for rubber has not gone down. Thailand's percentage production has not gone down. The downward trend probably relates to logistical supply chain issues.

 

Where's YOUR data?

Edited by Fromas
Posted
1 hour ago, RotBenz8888 said:

Baht is the last thing that'll be devalued. Oh, and the shoebox condos. 

Hopefully that will be after I convert all my cash back into dollars after I move back home.

  • Like 1
Posted
8 minutes ago, Cake Monster said:

Thailand had started to decline as an Investment and Production Center as long ago as Q 4 2019.

Exports then were down some 20 %, and FDI was starting to dry up also.

With this latest AZ quarrel, there will certainly be Companies looking at their future Investment strategies within SE Asia, and some will decide that to do Business in Thailand is too unstable.

Some Companies such as Airbus and Toyota saw this back in Q 4 2019, and decided to move out of Thailand for future Investment.

Airbus pulled the plug on a Joint adventure in Sattahip with Thai Airways, and Toyota built a new production and assembly facility over the Border in Poipet Cambodia.

Both of these were slated as Blue Chip Investments in the EEC, and both were lost.

 

The constant unrest is certainly not helping investor confidence right now.

 

Maybe wages rising in Thailand also made it less attractive, compared to places like Cambodia.

 

 

 

 

  • Like 1
Posted

If you ran a multinational company and needed to expand into SE Asia, would you locate in a country with strong ties to China?  Or would you locate in a country who competes with China?

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