webfact Posted March 4, 2022 Share Posted March 4, 2022 The Chairman of the Thai Chamber of Commerce Sanan Angubolkul has warned that the war in Ukraine could last for quite a while and will have a deteriorating effect on Thailand’s economy with reduced consumer confidence and spending power. It comes as oil and energy prices worldwide have surged with Thai National Shippers’ Council Chairman Chaichan Chareonsuk confirming that already exports in the second quarter will be down by $4 billion to $5 billion. by Carla Boonkong & Pranee O' Connor Thai exporters say that shipments will be off by between $4 billion and $5 billion by the end of June. At the same time, the insecurity caused by the war will impact world travel and tourism as well as consumer confidence at home. This week, Mr Sanan Angubolkul, the Chairman of the Thai Chamber of Commerce said he expects this war to last for some time bringing with it rising energy costs and disruption to world trade caused by economic sanctions. This is worrying for the kingdom which reached the edges of its economic limits last year before the reopening of the country to foreign tourism on November 1st last. The Prime Minister chaired an advisory council meeting on Wednesday at which the rising headwinds to the country’s economic recovery were discussed. Chief among them was concern over the war in Ukraine which threatens to impede worldwide economic activity as world energy prices soar to unsustainable levels. At the same time, the Bank of Thailand has said it is reviewing its projections for inflation in Thailand but for now, insists that they will be still in the 1% to 3% range for this year. Prime Minister Prayuth Chan ocha has ordered plans drawn up to ease the hardship on Thailand’s most vulnerable families, particularly with regard to electricity costs and directed his economic team’s efforts towards fighting the crippling problem of household debt in the country. Full story: https://www.thaiexaminer.com/thai-news-foreigners/2022/03/04/thai-economic-fears-rise-over-ukraine-war/ -- © Copyright Thai Examiner 2022-03-05 - Aetna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here. - Follow ASEAN NOW on LINE for breaking COVID-19 updates Link to comment Share on other sites More sharing options...
Popular Post ikke1959 Posted March 4, 2022 Popular Post Share Posted March 4, 2022 But do not condemn Russia.....better fear for inflation and loss instead of taking a point 7 1 Link to comment Share on other sites More sharing options...
Popular Post jonclark Posted March 4, 2022 Popular Post Share Posted March 4, 2022 Thailand's economic woes are hardly a big concern given the potential for a potentially devastating European war. Just how self centered can the government be. Grow some balls, join the world and start pushing Russia to stop it's illegal and unjustified invasion of Ukraine by all and any means necessary .....or are your morals so vacuous that counting fat russian <deleted> on sun loungers is a more important metric than counting the dead and wounded? 10 1 Link to comment Share on other sites More sharing options...
Popular Post Excel Posted March 5, 2022 Popular Post Share Posted March 5, 2022 1 minute ago, jonclark said: or are your morals so vacuous that counting fat russian <deleted> on sun loungers is a more important metric than counting the dead and wounded? Don't forget Thailand is one of the few countries whom their armed forces have killed more of their own people in the streets then an enemy on the battle field in the last 50 years so it illustrates their moral commitment to the value of human life I think. 20 1 Link to comment Share on other sites More sharing options...
hotchilli Posted March 5, 2022 Share Posted March 5, 2022 4 hours ago, webfact said: Chief among them was concern over the war in Ukraine which threatens to impede worldwide economic activity as world energy prices soar to unsustainable levels. Prices will rise until no-one can afford to buy anything anymore, then they will drop again. 1 Link to comment Share on other sites More sharing options...
hotchilli Posted March 5, 2022 Share Posted March 5, 2022 26 minutes ago, jonclark said: or are your morals so vacuous that counting fat russian <deleted> on sun loungers is a more important metric than counting the dead and wounded? I think you may have answered your own question. 1 Link to comment Share on other sites More sharing options...
vandeventer Posted March 5, 2022 Share Posted March 5, 2022 21 minutes ago, hotchilli said: Prices will rise until no-one can afford to buy anything anymore, then they will drop again. You right, this war will go on for a long time because the people of Ukraine have much heart. The prices will go up on most things but 80% of the world is trying to help Ukraine without being nuked by Russia. Just what is the Thai Government doing to help Ukraine? 1 Link to comment Share on other sites More sharing options...
Popular Post hotchilli Posted March 5, 2022 Popular Post Share Posted March 5, 2022 6 minutes ago, vandeventer said: Just what is the Thai Government doing to help Ukraine? Increase Russian tourism to keep them out of the Ukraine? 5 Link to comment Share on other sites More sharing options...
StraightTalk Posted March 5, 2022 Share Posted March 5, 2022 57 minutes ago, Excel said: Don't forget Thailand is one of the few countries whom their armed forces have killed more of their own people in the streets then an enemy on the battle field in the last 50 years so it illustrates their moral commitment to the value of human life I think. Interesting message especially from someone who unmistakable isn't sure what he/she is talking about! 3 1 Link to comment Share on other sites More sharing options...
Popular Post crouchpeter Posted March 5, 2022 Popular Post Share Posted March 5, 2022 1 hour ago, Excel said: Don't forget Thailand is one of the few countries whom their armed forces have killed more of their own people in the streets then an enemy on the battle field in the last 50 years so it illustrates their moral commitment to the value of human life I think. What a scurrilous accusation! They've never killed an enemy soldier....... they've got guns! And their snipers are second to none.......nurses, students and other threats to national security! 3 1 1 1 Link to comment Share on other sites More sharing options...
Popular Post Excel Posted March 5, 2022 Popular Post Share Posted March 5, 2022 11 minutes ago, crouchpeter said: What a scurrilous accusation! They've never killed an enemy soldier....... they've got guns! And their snipers are second to none.......nurses, students and other threats to national security! Spot on with that. 2 1 Link to comment Share on other sites More sharing options...
Popular Post sammieuk1 Posted March 5, 2022 Popular Post Share Posted March 5, 2022 And on that news up goes the Baht in mysterious manipulated fashion ???? 9 1 Link to comment Share on other sites More sharing options...
StraightTalk Posted March 5, 2022 Share Posted March 5, 2022 34 minutes ago, StraightTalk said: Interesting message especially from someone who unmistakable isn't sure what he/she is talking about! ...and relies on emoticons for expressing him/her selves. Link to comment Share on other sites More sharing options...
ThailandRyan Posted March 5, 2022 Share Posted March 5, 2022 So much for the forecasted GDP increase. Maybe the sell off of gold because of the rise in prices will make the GDP rise again.... 1 Link to comment Share on other sites More sharing options...
Popular Post ThailandRyan Posted March 5, 2022 Popular Post Share Posted March 5, 2022 13 minutes ago, StraightTalk said: ...and relies on emoticons for expressing him/her selves. instead of trolling would you like to explain your comments. 4 1 1 Link to comment Share on other sites More sharing options...
StraightTalk Posted March 5, 2022 Share Posted March 5, 2022 11 minutes ago, ThailandRyan said: instead of trolling would you like to explain your comments. It was an addition to my previous response to sammieuk1 - hardly and act of trolling. Link to comment Share on other sites More sharing options...
Will B Good Posted March 5, 2022 Share Posted March 5, 2022 35 minutes ago, StraightTalk said: ...and relies on emoticons for expressing him/her selves. Multiple personalities? 1 Link to comment Share on other sites More sharing options...
vandeventer Posted March 5, 2022 Share Posted March 5, 2022 1 hour ago, hotchilli said: Increase Russian tourism to keep them out of the Ukraine? If you think that's crazy what about America still buying oil from Russia and working with Russia on this new deal with Iran. Do you think crazy may be a virus? 1 Link to comment Share on other sites More sharing options...
trainman34014 Posted March 5, 2022 Share Posted March 5, 2022 Wasn't it only last week a Genius at Government House was telling us the War would have no effect on Thailands Economy ? 1 Link to comment Share on other sites More sharing options...
RafPinto Posted March 5, 2022 Share Posted March 5, 2022 Prices at petrol station up 11% in the last 5 days. All fruit and vegetable deliveries to BKK from Isaan and south will soon get much more expensive. I see already many items out of stock at Lotus's. Link to comment Share on other sites More sharing options...
Popular Post khunpa Posted March 5, 2022 Popular Post Share Posted March 5, 2022 This guy seems to be not following the news and needs to be replaced ASAP! Soon 200000 Saudis will arrive along with 10 million super-rich Indians…. All buying THB 32 mill. visas and spending Trillions of THB on Pad Thai at the local markets. Along with the medical, IT, sports-, financial etc. hubs also generating EXTREME amounts of income, it will not be long before Singapore is considered a 3rd. World country compared with Thailand. If you don’t already know how to speak Thai, I would highly recommend you start learning the new world-language. 1 4 Link to comment Share on other sites More sharing options...
ourmanflint Posted March 5, 2022 Share Posted March 5, 2022 Diesel at my local garage in UK jumped 14p overnight, now 167.9p per litre. Just wait until that happens in Thailand. Thailand will have to make a decision soon, stand with the west or stand with China and Russia Link to comment Share on other sites More sharing options...
slammma Posted March 5, 2022 Share Posted March 5, 2022 23 hours ago, jonclark said: or are your morals so vacuous that counting fat russian <deleted> on sun loungers is a more important metric than counting the dead and wounded? That hit hard. Well played. The truth is dangerous because it shines a light on some pretty dark places and disturbs the vision of those who have acclimated. Link to comment Share on other sites More sharing options...
Harveyboy Posted March 6, 2022 Share Posted March 6, 2022 On 3/5/2022 at 8:05 AM, hotchilli said: Increase Russian tourism to keep them out of the Ukraine? yes but just in Bangkok Please.. Link to comment Share on other sites More sharing options...
Lancelot01 Posted March 6, 2022 Share Posted March 6, 2022 On 3/5/2022 at 1:23 AM, hotchilli said: Prices will rise until no-one can afford to buy anything anymore, then they will drop again. So if it doesn't rain, it will stay dry. Link to comment Share on other sites More sharing options...
daveAustin Posted March 6, 2022 Share Posted March 6, 2022 Thailand unlikely to be as hard hit as others. Also, being warm year round, Thais thankfully won’t have to endure the mega winter energy bills of other places. Link to comment Share on other sites More sharing options...
hotchilli Posted March 6, 2022 Share Posted March 6, 2022 1 hour ago, Lancelot01 said: So if it doesn't rain, it will stay dry. Obviously ? Link to comment Share on other sites More sharing options...
Enzian Posted March 7, 2022 Share Posted March 7, 2022 Out of control inflation and various scattered centers of ongoing economic collapse can be just as devastating to the world as the deaths in Ukraine. That may sound heartless but I submit that it is not. Link to comment Share on other sites More sharing options...
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