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THAILAND LIVE Thailand Live Friday 23 May 2025
Two Investment ‘Coaches’ Arrested Over Fake Gold Trading Scam Picture courtesy of Matichon. Two self-styled investment “coaches” have been arrested by the Central Investigation Bureau (CIB) for allegedly luring victims into a fraudulent online gold and FOREX trading scheme, resulting in financial losses of millions. Full story:https://aseannow.com/topic/1361493-two-investment-‘coaches’-arrested-over-fake-gold-trading-scam/ -
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THAILAND LIVE Thailand Live Friday 23 May 2025
The Thai Baht Paradox: Currency Climbs as Economy Falters File photo In a striking turn of events, the Thai baht has recently surged against the US dollar, reaching 32.70 baht per dollar, raising concerns for Thailand's fragile economy. Full story: https://aseannow.com/topic/1361494-the-thai-baht-paradox-currency-climbs-as-economy-falters/ -
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Dating 22-Year-Old Thai Bubble Tea Girl - She Just Asked for 30K/Month – Am I Being Played?
Post a pic of her then we can tell you if 30k is reasonable. Preferably naked. -
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Economy The Thai Baht Paradox: Currency Climbs as Economy Falters
File photo In a striking turn of events, the Thai baht has recently surged against the US dollar, reaching 32.70 baht per dollar, raising concerns for Thailand's fragile economy. Despite appearing strong, this appreciation is not driven by domestic growth but by global factors like geopolitical tensions and rising gold prices. Experts warn this trend poses significant challenges, especially for the Thai export sector, a crucial component of the country's economic growth. Kanchana Chokpaisansilp from Kasikorn Research Center attributes the baht’s strength to international gold price increases and a weakened US dollar due to domestic uncertainties and Moody's recent downgrade. These factors contribute to shifting capital markets that favour the Thai currency but pose a policy conundrum for authorities pegged with managing economic fragility without concrete domestic stimuli. Sanguan Jungsakul from Krungthai Bank highlights the baht's unique position, appreciating rapidly due to short-term speculative flows rather than solid economic fundamentals. This, coupled with the surging gold prices, up by more than 27% year-to-date, has resulted in increased demand for baht globally, despite similarities with other Asian currencies that possess larger dollar reserves. The appreciating baht also signals a rise in foreign reserves, now tottering on the previous high of USD 259 billion. Analysts anticipate potential interventions by the Bank of Thailand to steady the currency’s volatility. Wachirawat Banchuen from Siam Commercial Bank points to external factors like rising oil prices and potential US-Japanese negotiations influencing this trend, while noting a lack of domestic recovery to justify it. Despite a seemingly robust currency, foreign investment flows into Thailand show little upward trend, impacting exporters unfavourably. Kriengkrai Thiennukul from the Federation of Thai Industries raises concerns about the baht’s volatility affecting export prices and competitiveness. Exporters are forced to absorb currency fluctuation losses, rendering long-term sustainability precarious without market adjustments. Wisit Limluecha from the Thai Chamber of Commerce criticises the baht’s appreciation as misaligned with real economic performance. Suggestions include increasing cross-border trade in baht and utilising multiple currency agreements to reduce volatility exposure. While these strategies offer potential relief, significant costs to businesses remain inevitable, reducing profit margins and competitiveness. As the baht surges unexpectedly without substantial domestic support, Thailand faces the urgent task of navigating a volatile currency environment that threatens to destabilise an already fragile economic outlook. The juxtaposition of the strong baht against weak economic fundamentals paints a challenging picture for Thailand as it seeks to sustain its export sector amidst global financial fluctuations. Adapted by ASEAN Now from [source] 2025-05-23 -
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Crime Two Investment ‘Coaches’ Arrested Over Fake Gold Trading Scam
Picture courtesy of Matichon. Two self-styled investment “coaches” have been arrested by the Central Investigation Bureau (CIB) for allegedly luring victims into a fraudulent online gold and FOREX trading scheme, resulting in financial losses of millions. Officers from Subdivision 4 of the Economic Crime Suppression Division (ECSD) apprehended the suspects behind the Facebook page “Diamond Trader”, which had been live-streaming videos encouraging viewers to invest in “risk-free” gold trading opportunities. The pair promised returns as high as 10% and guaranteed full refunds of initial capital. However, an investigation revealed that no actual trading took place. Authorities say the duo operated a classic Ponzi scheme, using new investors’ money to pay earlier participants in a short-term cycle designed to build trust. Once suspicions arose, the scammers allegedly claimed trading accounts had incurred losses and cited high tax liabilities as an excuse to withhold repayments. The Economic Crime Division has pledged to pursue full legal action against the perpetrators and warned the public not to fall for investment offers that promise unrealistically high returns with no associated risk. “Such schemes are not genuine investments,” an ECD official said. “They are traps laid by fraudsters preying on people’s financial hopes.” Adapted by Asean Now from Matichon 2025-05-23. -
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Relocating to Chiang Mai, worried about burning season
I should stress it tops the list for a month or two.
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