webfact Posted November 18, 2021 Share Posted November 18, 2021 By Panithan Onthaworn Thailand’s economic engines may not be as strong as they previously were, the central bank governor said on Thursday, as the country’s vital tourism industry has been severely hit by the Covid-19 pandemic. “The structure of the Thai economy remains unchanged even after 40 years,” Sethaput Suthiwartnarueput, Governor of the Bank of Thailand (BOT), told a business seminar called ‘Looking Beyond Covid-19.’ While much of the world has shifted completely, the country is still reliant on exports of automobiles, petroleums, electronics, as well as tourism, Sethaput said. Full story: https://www.thaienquirer.com/35094/bot-governor-thai-economic-engines-not-powerful-anymore/ -- © Copyright Thai Enquirer 2021-11-18 - Whatever you're going through, the Samaritans are here for you - Follow ASEAN NOW on LINE for breaking COVID-19 updates Link to comment Share on other sites More sharing options...
Popular Post Geoffggi Posted November 18, 2021 Popular Post Share Posted November 18, 2021 28 minutes ago, webfact said: Thailand’s economic engines may not be as strong as they previously were, the central bank governor said on Thursday, as the country’s vital tourism industry has been severely hit by the Covid-19 pandemic. Not wishing to rub salt into the wounds but you know exactly who to thank for this situation, Mr. bumble and his cohorts who think they are doing a sterling job ........LOL 6 Link to comment Share on other sites More sharing options...
Popular Post mtls2005 Posted November 18, 2021 Popular Post Share Posted November 18, 2021 Slave labor certainly helps fuel the engine. 5 Link to comment Share on other sites More sharing options...
Popular Post 86Tiger Posted November 18, 2021 Popular Post Share Posted November 18, 2021 Very simply broken down there are only 3 basic means of wealth creation to a nation: natural resources (oil, metals, etc.), adding value through labor/ideas to natural resources (manufacturing, agriculture, etc.) or outsiders bringing their money from abroad and leaving it with you (tourism). Kill one you rely on and restrict the others you in for hard times. 4 2 Link to comment Share on other sites More sharing options...
Popular Post trainman34014 Posted November 18, 2021 Popular Post Share Posted November 18, 2021 One day in a far away Galaxy Planet Thailand may 'Invent' something for itself instead of relying on Car and Electronic Factories paid for by Japanese and other Foreign countries to employ hundreds of Thousands of Thai's that would otherwise be planting and cutting Rice. Now the Tourists are gone thanks to a total Mismanagement of the Covid situation and the continuing stupidity of the Gangsters in Uniform 'supposedly' running the country; i wonder if one day the big Car and Electronic companies will decide that Thailand is no longer a good place to invest and up sticks to grasses greener... then what ? 6 1 Link to comment Share on other sites More sharing options...
Popular Post RichardColeman Posted November 18, 2021 Popular Post Share Posted November 18, 2021 2 hours ago, webfact said: Thailand’s economic engines may not be as strong as they previously were, the central bank governor said on Thursday, as the country’s vital tourism industry has been severely hit by the Covid-19 pandemic. No, it's been hit by : 1. incompetent leadership 2. Restrictions on entry to tourism by see 1. 3 1 Link to comment Share on other sites More sharing options...
Popular Post zzaa09 Posted November 18, 2021 Popular Post Share Posted November 18, 2021 5 hours ago, Geoffggi said: Not wishing to rub salt into the wounds but you know exactly who to thank for this situation, Mr. bumble and his cohorts who think they are doing a sterling job ........LOL Though, they had significant help from the usual circles of handlers. Remembering, that he's a little less than a staged marionette. The real players stay behind the curtain. So it goes......the traditional Thai political theatre of influence. 3 Link to comment Share on other sites More sharing options...
Gottfrid Posted November 18, 2021 Share Posted November 18, 2021 Back to reality! It´s not only Covid-19 that is the reason people looking elsewhere. 2 Link to comment Share on other sites More sharing options...
Popular Post Kinnock Posted November 18, 2021 Popular Post Share Posted November 18, 2021 The tragic reality is that the elite in charge of the Thai economy do not care ..... they are already fabulously wealthy and getting richer. 5 2 Link to comment Share on other sites More sharing options...
Popular Post Albert Zweistein Posted November 18, 2021 Popular Post Share Posted November 18, 2021 A change of rules, once a day Keeps all the tourists away ! 6 2 Link to comment Share on other sites More sharing options...
Popular Post Gsxrnz Posted November 18, 2021 Popular Post Share Posted November 18, 2021 The Thai economic engine is simply in need of a tune up. I mean, how difficult can it be to replace the rubber band? 1 2 Link to comment Share on other sites More sharing options...
hotchilli Posted November 19, 2021 Share Posted November 19, 2021 19 hours ago, webfact said: Thailand’s economic engines may not be as strong as they previously were, the central bank governor said on Thursday, as the country’s vital tourism industry has been severely hit by the Covid-19 pandemic. Sounds a bit like the Bangkok water pumps? Link to comment Share on other sites More sharing options...
hotchilli Posted November 19, 2021 Share Posted November 19, 2021 18 hours ago, mtls2005 said: Slave labor certainly helps fuel the engine. Only keeps the 2-stroke going. Link to comment Share on other sites More sharing options...
Popular Post hotchilli Posted November 19, 2021 Popular Post Share Posted November 19, 2021 16 hours ago, trainman34014 said: One day in a far away Galaxy Planet Thailand may 'Invent' something for itself instead of relying on Car and Electronic Factories paid for by Japanese and other Foreign countries to employ hundreds of Thousands of Thai's that would otherwise be planting and cutting Rice. Now the Tourists are gone thanks to a total Mismanagement of the Covid situation and the continuing stupidity of the Gangsters in Uniform 'supposedly' running the country; i wonder if one day the big Car and Electronic companies will decide that Thailand is no longer a good place to invest and up sticks to grasses greener... then what ? Total collapse that's what. If they all packed up and left Thailand would have nothing. 2 1 Link to comment Share on other sites More sharing options...
thaibook Posted November 19, 2021 Share Posted November 19, 2021 On 11/18/2021 at 1:38 PM, Geoffggi said: Not wishing to rub salt into the wounds but you know exactly who to thank for this situation, Mr. bumble and his cohorts who think they are doing a sterling job ........LOL he said even after 40 years. The blame is therefore equally on all the corrupt individuals and dynasties such as ShinShin etc 1 Link to comment Share on other sites More sharing options...
rott Posted November 21, 2021 Share Posted November 21, 2021 The structure of the economy has not changed for 40 years. It is based on exports of automobiles, petroleum products and electronics as well as tourism. That presumably is a criticism, but what should be different, what should they have changed to.? Probably I've missed something. 1 Link to comment Share on other sites More sharing options...
DaveSamutP Posted November 22, 2021 Share Posted November 22, 2021 8 hours ago, rott said: The structure of the economy has not changed for 40 years. It is based on exports of automobiles, petroleum products and electronics as well as tourism. That presumably is a criticism, but what should be different, what should they have changed to.? Probably I've missed something. 1st, important not to overlook that tourism (s3x tourism) is technically an export. Thais generally are too embarrased to admit how reliant the country is on massage parlors. 2nd, what they should have been doing for the last 20-30 years is moving up the food chain rather then assembling stuff. This is how you avoid the middle income trap that they are firmly in. 1 Link to comment Share on other sites More sharing options...
Popular Post HAPPYNUFF Posted November 22, 2021 Popular Post Share Posted November 22, 2021 You have a country run by a gang of bumbling old men, who actually think they are soldiers, yet who have never even heard a shot fired in anger, being manipulated by Sino/Thais in the background, both groups having not the slightest interest in the welfare or well being of their own people. 2 1 Link to comment Share on other sites More sharing options...
trainman34014 Posted November 22, 2021 Share Posted November 22, 2021 Like all this Twits other 'Demands'; this one will also be completely ignored by Thailands incompetent workforce ! Link to comment Share on other sites More sharing options...
trainman34014 Posted November 22, 2021 Share Posted November 22, 2021 4 hours ago, HAPPYNUFF said: You have a country run by a gang of bumbling old men, who actually think they are soldiers, yet who have never even heard a shot fired in anger, being manipulated by Sino/Thais in the background, both groups having not the slightest interest in the welfare or well being of their own people. Bumbling old Gangsters actually who are merely Puppets for even more Corrupt 'Leaders'. 1 Link to comment Share on other sites More sharing options...
billd766 Posted November 22, 2021 Share Posted November 22, 2021 On 11/20/2021 at 12:04 AM, thaibook said: he said even after 40 years. The blame is therefore equally on all the corrupt individuals and dynasties such as ShinShin etc Well to answer your question I suggest that you take a look here. https://en.wikipedia.org/wiki/List_of_prime_ministers_of_Thailand Start with #16 Prem Tinsulanonda and work forwards. Then work out hw long Thaksin Shinawatra was in power (He actually won a freely held election, not once but twice. The only Thai PM to do so). He was of course deposed by a military coup as was his sister Yingluck Shinawatra. Strangely enough when Thaksin was PM the country flourished and prospered unlike under the current incumbent. Under Thaksin the Thai people also prospered And he did a fair number of things for them including the 30 baht health scheme and he also established the Oil Fund scheme. Now ask yourself what the current government has successfully done for the Thai people over the last 7 years, and compare the two. There have been a lot of military coups in the last 40 years 1 1 Link to comment Share on other sites More sharing options...
zzaa09 Posted November 22, 2021 Share Posted November 22, 2021 7 minutes ago, billd766 said: Well to answer your question I suggest that you take a look here. https://en.wikipedia.org/wiki/List_of_prime_ministers_of_Thailand Start with #16 Prem Tinsulanonda and work forwards. Then work out hw long Thaksin Shinawatra was in power (He actually won a freely held election, not once but twice. The only Thai PM to do so). He was of course deposed by a military coup as was his sister Yingluck Shinawatra. Strangely enough when Thaksin was PM the country flourished and prospered unlike under the current incumbent. Under Thaksin the Thai people also prospered And he did a fair number of things for them including the 30 baht health scheme and he also established the Oil Fund scheme. Now ask yourself what the current government has successfully done for the Thai people over the last 7 years, and compare the two. There have been a lot of military coups in the last 40 years Yes. And then we have to ask ourselves: What's wrong with this picture? What's the truer crux of why the cycling military interventions? The historical answers are quite available to decipher. Doesn't take a genius to ascertain the reality of the picture. 1 Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now