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10
Samsung Air conditioner – its stuck – Ive had enough
Same TCL unit for me. Works great!- 1
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41
Economy The Thai Baht Paradox: Currency Climbs as Economy Falters
The Thai elite have been manipulating the currency ever since the Junta took Office, to ensure it does not go below their preferred level to the USD. Check last 20-30 years and you will see that in 2014 the Thai Baht started going up against all currencies - and despite some highs and lows since then - the Baht has remained much higher than pre-2014. All parts of the Thailand Government have been doing what is 'directed' they do, in order to stop the Baht going down too far or too fast. Thailand has massive foreign reserves from decades of economic growth after 2000, and it has been using that more than most Governments do, to 'protect' the Baht. It is only those countries that manipulate their currency down (like China and others did for exports) that are seen by IMF and USA as 'cheating' - countries that manipulate their currencies up are not investigated. The Thai elite are holding up the Baht, otherwise their loan and financial repayments will go up, and if the Baht drops too much they will not be able to cover-up their fake GDP figures, and because importing expensive items like machinery and luxury cars and military equipment etc etc, will cost a lot more. Plus of course, wealthy Thais buying overseas property or investments etc,. have to pay more if the Baht goes down. A high Baht is great for the wealthy Thai elite, but it is bad for the average Thai who is much more reliant on exports and tourism for jobs and their economic well being. The Baht is going to crash - it is just a matter of time and temperature before they cannot hold it up as high as they want it held. How is this being done - many ways. Despite so many calls for lower interest rates for over last 2-3 years, the BOT kept the rates high even as other countries lowered them post Covid - as required by the wealthy elites. Those in Government who buy and sell currency to protect the Baht (yes they do), overdid it late last year and this resulted in the new inexperienced PM admitting they 'got it wrong'. If any Expat here does not see that TAT is lying through their backsides about the amount of tourists and their value to the economy, then they are completely unaware that TAT does that 'under directions' so that the GDP figures (based on tourism and other numbers) are higher on paper than they really are. The same goes for all the other measures that make up the GDP calculations that are done by the Government - they are not independently audited like a company. Corruption and graft is what allows 'cheating' to occur in Thailand - if any Expat here thinks they are not cheating on this and all other matters, you need to open your eyes up and look around you. It is not a 'paradox' - it is manipulation. -
15
Israeli Man Arrested for Using Fake Passport at Suvarnabhumi Airport
Could have just overstayed in Thailand , used a friends passport to leave Thailand and then enter Israel on his Israel passport ? -
39
Vietnam's new extendable 10-year Visa - will the expat exodus begin?
I didn't spend enough time in Da Nang to need a dentist, but I can recommend great dental clinics in Ho Chi Minh City and Nha Trang, if you're interested. In Ho Chi Minh City, Elite Dental: https://elitedental.com.vn/en/ In Nha Trang, Daisy Dental: https://nhakhoadaisy.vn -
179
Trump ambushes South African president at White House meeting
Not forgetting the utter hogwash emitting from his host. -
14
Report Thai Police Face Scrutiny Over New Patrol Motorbike Purchase
In fairness, the OP doesn't indicate whether that budget includes service and spare parts for a specified time period.
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