Jump to content

Banks downgraded as the Thai economy faces a liquidity crisis caused by war and tourism barriers


webfact
 Share

Recommended Posts

1 hour ago, arick said:

Can somebody tell me what the rating is? I can't seem to see it in the article. 

BBB 

Next one down is junk status

  • Like 1
Link to post
Share on other sites

3 hours ago, Gold Star said:

The high flying Baht may get it's wings clipped.

One can only hope.  That didn’t happen yesterday, as the Baht sailed north.

  • Like 1
Link to post
Share on other sites

1 hour ago, arick said:

Can somebody tell me what the rating is? I can't seem to see it in the article. 

BBB down from BBB+

Link to post
Share on other sites

6 hours ago, ezzra said:

wouldn't want that to happen, i got <deleted> load of bahts in Thai banks at the moment, not to mention my properties... 

Yeah, nothing  beats stability when it comes to currencies, hope it stays in the 32-34 range to the USD. Some guys are dreaming of getting a 50% increase on their pensions. Would be just enough to get drunk a couple of times, and then to consequences of the cataclysm would make them even poorer than before.

 

Just got this from my pension fund:

 

"In accordance with the UNJSPF Pension adjustment system, there will be an 8.6 per cent cost-of-living adjustment to the US dollar track of periodic benefits for this year. The adjustment will be applied effective 01 April 2022. Cost-of-Living Adjustment (COLA) letters with these details will be issued by the end of April 2022."

 

Is this good new? Nope.

  • Like 1
Link to post
Share on other sites

23 minutes ago, blazes said:
50 minutes ago, khunpa said:

What happened to all the Saudis and the millions of super-rich Indians dying to go to Thailand and invest THB 32 mill. for a visa? 
 

 

They died....

Well, their enthusiasm for Thailand certainly did.

I wonder why? (sarcasm)

  • Haha 2
Link to post
Share on other sites

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 account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share

  • Recently Browsing   0 members

    • No registered users viewing this page.

×
×
  • Create New...