Popular Post webfact Posted December 12, 2024 Popular Post Posted December 12, 2024 Picture courtesy: Thai Rath Thai Prime Minister Paetongtarn Shinawatra has unveiled a series of populist initiatives aimed at invigorating the Thai economy and bolstering governmental support. In a televised address, she outlined strategies focusing on soft loans, affordable housing, and energy cost reductions to address key economic challenges like high household debt and subdued consumer spending. Poised to stimulate the economy, Paetongtarn's measures will include targeted financial assistance for community enterprises and village funds, as well as a uniform rate for urban rail commutes. She has also proposed formalising Thailand's vast informal economy, which reportedly contributes around 49% to the country's gross domestic product, to better protect consumers and generate revenue for the state. "2025 will be a year of realised opportunities and aspirations," the PM declared, underscoring her administration's commitment to delivering tangible results. This approach aims to echo the populist strategies of her father, Thaksin Shinawatra, a former premier renowned for pro-poor, grassroots-focused policies that have historically resonated with Thai voters. Paetongtarn's ascent as Thailand's youngest prime minister earlier this year followed her predecessor's unexpected removal. With a lineage tied to the influential Shinawatra political dynasty, her tenure is expected to perpetuate the populist legacy, renowned for policies offering direct financial aid and subsidies across various sectors. However, significant hurdles await her government. With household debt soaring to about 89.6% of GDP—totalling approximately 16.3 trillion Thai Baht—it ranks among the highest in Asia, presenting a substantial barrier to sustainable economic growth. Despite these challenges, the prime minister is optimistic about Thailand's economic prospects. She predicts a growth rate exceeding 3% in the last quarter of 2024. Integral to this outlook is the continuation of a significant 450 billion Thai Baht stimulus scheme set to enter its third phase next year. Thus far, approximately 14.5 million citizens have benefited from initial disbursements of 10,000 Thai Baht each, intended to stimulate local economies. Another 4 million recipients are expected by January, with plans extending to over 26.5 million individuals in total, reported Bangkok Post. Paetongtarn's ambitious vision signals a determined effort to revitalise Thailand's economy through these populist measures, intertwining immediate relief with longer-term economic reforms. As she seeks to steer the nation towards prosperity, the coming months may well test the stronger resolve of both her leadership and the policies she champions. -- 2024-12-12 1 3
Pique Dard Posted December 12, 2024 Posted December 12, 2024 4 hours ago, webfact said: Picture courtesy: Thai Rath Thai Prime Minister Paetongtarn Shinawatra has unveiled a series of populist initiatives aimed at invigorating the Thai economy and bolstering governmental support. ...by also imposing and increasing various taxes on tourists and ex-pats 🙂 Paetongtarn's ambitious vision signals a determined effort to revitalise Thailand's economy through these populist measures, intertwining immediate relief with longer-term economic reforms. 4 hours ago, webfact said: -- 2024-12-12 1
cowellandrew Posted December 12, 2024 Posted December 12, 2024 Let's hope it's the cassava (Tapioca) farmers that get the windfall bonus this time! 😂☻🚀🐘 1
Popular Post hotchilli Posted December 12, 2024 Popular Post Posted December 12, 2024 11 hours ago, webfact said: Thai Prime Minister Paetongtarn Shinawatra has unveiled a series of populist initiatives aimed at invigorating the Thai economy and bolstering governmental support. That's all they've got, populist policies to win short term gains..... here we go again. Didn't work out to well for Yingluk 2 1 2 6
Popular Post hotchilli Posted December 12, 2024 Popular Post Posted December 12, 2024 11 hours ago, webfact said: Thaksin Shinawatra, a former premier renowned for pro-poor, grassroots-focused policies that have historically resonated with Thai voters Who are still poor.... scraps are all they ever give, nothing meaningful 2 4 9
Popular Post caughtintheact Posted December 12, 2024 Popular Post Posted December 12, 2024 Formalizing the informal economy is just another way of saying that the government intends to take total control of the economy and force everyone to get a digitalID, ESG scoring and a programmable Central Bank Digital Currency with the goal of enslaving every citizen, and enforcing it by means of surveillance devices. Bank of Thailand to Test Programmable Payments in Enhanced Sandbox - Fintech Singapore When will Thailand be told by the WEF and the UN to stop eating meat and dairy and start eating bugs? People should be out on the streets protesting against these anti-freedom measures before there is no more freedom. World Climate Declaration There is no climate emergency 3 2 1 1 3 8
Popular Post Thumbs Posted December 12, 2024 Popular Post Posted December 12, 2024 House hold debt will be significantly higher than 89.6% large amount of borrowing is with unregulated loan sharks who dont report their lending figures 1 2 6
Popular Post AhFarangJa Posted December 13, 2024 Popular Post Posted December 13, 2024 2 hours ago, caughtintheact said: Formalizing the informal economy is just another way of saying that the government intends to take total control of the economy and force everyone to get a digitalID, ESG scoring and a programmable Central Bank Digital Currency with the goal of enslaving every citizen, and enforcing it by means of surveillance devices. Bank of Thailand to Test Programmable Payments in Enhanced Sandbox - Fintech Singapore When will Thailand be told by the WEF and the UN to stop eating meat and dairy and start eating bugs? People should be out on the streets protesting against these anti-freedom measures before there is no more freedom. World Climate Declaration There is no climate emergency I know it may be slightly off topic, but we are in the minority shouting about CDBC & loss of freedoms. Unfortunately, and this is especially true here, many people see qr Codes, and digital payments as too convenient, without realising the implications of where they are being led. 1 1 1 6
Popular Post AhFarangJa Posted December 13, 2024 Popular Post Posted December 13, 2024 51 minutes ago, Thumbs said: House hold debt will be significantly higher than 89.6% large amount of borrowing is with unregulated loan sharks who dont report their lending figures As far as our village goes you are spot on. Every week the Wife's shop is visited by some lowlife giving Her a handful of business cards pertaining to easy loans. Once they have gone She throws them in the bin. In the village there are dozens of people we know up to their necks to these sharks, with no way out. I have seen over the last several years that the people are getting poorer, no work, meagre profits on farming, all leading to a rife loan shark environment. 1 4 3
Popular Post Kwausie Posted December 13, 2024 Popular Post Posted December 13, 2024 It always surprises me that Thais can live on the smell of an oily rag and watch every baht yet will go out and buy new vehicles etc on credit. 2 1
Popular Post hotchilli Posted December 13, 2024 Popular Post Posted December 13, 2024 14 hours ago, webfact said: With a lineage tied to the influential Shinawatra political dynasty, her tenure is expected to perpetuate the populist legacy, renowned for policies offering direct financial aid and subsidies across various sectors. Utter garbage.... populist policies are no way to run a sustainable economy. Give people work, give them a decent salary and the rest will take care of itself. A population/economy reliant on subsidies and handouts will never grow and is doomed to failure. This the Shin clan of old, populist policies of buying the uneducated voters support. 2 3 3
Airalee Posted December 13, 2024 Posted December 13, 2024 2 hours ago, caughtintheact said: When will Thailand be told by the WEF and the UN to stop eating meat and dairy and start eating bugs? I apologize in advance for not having a link, but in the western (US) news articles (aggregated on sites such as yahoo) that talk about our (westerners) “needs” to start eating protein from bugs (usually in an article talking about some new business raising crickets), Thailand is actually held up as the example and sometimes there is a photo from some night market of the lone seller of bugs with the insinuation being that Thailand is already eating bugs as a source of protein. 1 1
Popular Post damian Posted December 13, 2024 Popular Post Posted December 13, 2024 54 minutes ago, Airalee said: I apologize in advance for not having a link, but in the western (US) news articles (aggregated on sites such as yahoo) that talk about our (westerners) “needs” to start eating protein from bugs (usually in an article talking about some new business raising crickets), Thailand is actually held up as the example and sometimes there is a photo from some night market of the lone seller of bugs with the insinuation being that Thailand is already eating bugs as a source of protein. I think they started eating bugs because they were hungry! Oh, and free. 1 2
Popular Post spidermike007 Posted December 13, 2024 Popular Post Posted December 13, 2024 This amateur would not know a populist policy if it bit her on the ankle. 3 1
Popular Post caughtintheact Posted December 13, 2024 Popular Post Posted December 13, 2024 2 hours ago, AhFarangJa said: I know it may be slightly off topic, but we are in the minority shouting about CDBC & loss of freedoms. Unfortunately, and this is especially true here, many people see qr Codes, and digital payments as too convenient, without realising the implications of where they are being led. Sadly you are correct. But I also see it as a lack of awareness of where this is heading, and the media, which should be alerting the people, does not. Some people try to create awareness, and the more that awareness is created the better chance to fight this. If no one says anything, then the results will be extremely unpleasant and inevitable. The message needs to be repeated over and over with the focus on the likely horrific consequences. People need to organize at the grassroots level and unite in refusal. Once enslaved, there is no going back, and those who advocate depopulation will have total power and the ability to mass murder much of humanity. Between the USSR and the CCP Stalin and Mao were able to starve about 100 million of their own people. Today's technology makes it even easier and it can be done in smaller increments as long as the media keeps silent. 1 2
Popular Post lordgrinz Posted December 13, 2024 Popular Post Posted December 13, 2024 She is way over her head, and blinded by Daddy's narcissistic approach to governing. 2 1
Popular Post mancub Posted December 13, 2024 Popular Post Posted December 13, 2024 The members of the "vast informal economy" would very much like to keep it that way . "Formalising" (regulating ) them would be about as popular as forcing them to wear crash-helmets or not sitting in the bed of pick-ups, even if it is for their own good !! 1 2
BarBoy Posted December 13, 2024 Posted December 13, 2024 2 hours ago, Kwausie said: It always surprises me that Thais can live on the smell of an oily rag and watch every baht yet will go out and buy new vehicles etc on credit. ...Keeping up with the Somchais! Very important here. 1
Popular Post Bday Prang Posted December 13, 2024 Popular Post Posted December 13, 2024 Its the traditional Thai feudal way, straight out of the handbook Keep them poor and present yourself as a benevolent kindly father like figure by very publicly offering the occasional handouts, Do they still give them a few free blankets per village in the cool season ? Same with the rice "industry" , controlled by a handful of very influential Chinese-thai families, who are making billions off the back of it the whole system is based on paying the farmers the absolutely lowest possible price they can get away, coupled with ridiculously complicated incentive systems of subsidies, quotas and loans, all widely abused and designed primarily to ensure even more money finds its way into the coffers of the elite. Yet all presented as aid and assistance offered by a caring patriarch. The fact is it certainly seems to work, as its been like this for a very long time 1 3 1
Guderian Posted December 13, 2024 Posted December 13, 2024 17 hours ago, webfact said: Thai Prime Minister Paetongtarn Shinawatra has unveiled a series of populist initiatives They haven't even found the cash to pay for Thaksin's & Srettha's last populist initiative, the 400 billion Baht digital wallet scheme. Where's all the moolah coming from to pay for this new wodge of vote buying? 2
Popular Post caughtintheact Posted December 13, 2024 Popular Post Posted December 13, 2024 5 hours ago, Airalee said: I apologize in advance for not having a link, but in the western (US) news articles (aggregated on sites such as yahoo) that talk about our (westerners) “needs” to start eating protein from bugs (usually in an article talking about some new business raising crickets), Thailand is actually held up as the example and sometimes there is a photo from some night market of the lone seller of bugs with the insinuation being that Thailand is already eating bugs as a source of protein. Lots of links here: thais are eating grasshoppers for protein - Freespoke Search But that is not the point. If people want to eat available insects that is up to them. If people are forced to eat insects because of floods, drought, that is a shame but a necessity to survive. But no one should be forced to eat insects by intentionally killing off other food sources, especially for made-up crises. 1 1 1
watchcat Posted December 15, 2024 Posted December 15, 2024 On 12/12/2024 at 10:33 AM, webfact said: Thai Prime Minister Paetongtarn Shinawatra has unveiled a series of populist initiatives aimed at invigorating the Thai economy and bolstering governmental support. Yes this family is good at that 1
bristolgeoff Posted December 15, 2024 Posted December 15, 2024 The boss in the back is speaking again and then let the front person speak 1
Will B Good Posted December 15, 2024 Posted December 15, 2024 On 12/13/2024 at 7:34 AM, Kwausie said: It always surprises me that Thais can live on the smell of an oily rag and watch every baht yet will go out and buy new vehicles etc on credit. The majority live in wooden sheds, one light, no fridge or aircon and are in hoc for the rest of their lives......and still find the money to put alloy wheels and low profile tyres on their cars.......leaving their kids to dress in rags. 1
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