Strong Thailand scheme would improve economy

BANGKOK: -- Even though the global recession would worsen the country’s ailing economy, but the government’s being implemented Thai Khem Kaeng (Strong Thailand) scheme would help improve the situation, Democrat party deputy spokesman Arkkrawit Suwanphakdee said on Saturday afternoon.

Mr Arkkrawit admitted that the economic downturn situation has not yet substantially improved despite the Democrat-led coalition government has taken office for more than six months and had enacted several stimulus measures.

However, he cited that there was a positive indicator as the number of unemployed workers had dropped from 800,000 to about 600,000. The declining in industrial out put had improved from minus 25.5 per cent as of the end of last year to only minus 6.7 per cent.

The drop in the government’s income from value added tax, which reflects domestic consumption, had recovered from minus 22.6 per cent last year to minus 11.7 per cent.

-- Bangkok Post 2009-07-25

Nothing to be proud of in these figures, Thailand is still trailing its competitors.....

"South Korea's economy expanded in the second quarter by its fastest rate in five-and-a-half years.

Gross domestic product rose 2.3% from the previous three months......

The growth in the April-to-June period - the biggest such rise since the fourth quarter of 2003 - compares with 0.1% growth from January to March and a 5.1% drop in the October-to-December period."

And even more to the point.....

"Its exports rose 14.7% in the second quarter compared with the previous three months, helped by a weak won."

http://news.bbc.co.uk/2/hi/business/8166648.stm

Nothing to be proud of in these figures, Thailand is still trailing its competitors.....

"South Korea's economy expanded in the second quarter by its fastest rate in five-and-a-half years.

Gross domestic product rose 2.3% from the previous three months......

The growth in the April-to-June period - the biggest such rise since the fourth quarter of 2003 - compares with 0.1% growth from January to March and a 5.1% drop in the October-to-December period."

And even more to the point.....

"Its exports rose 14.7% in the second quarter compared with the previous three months, helped by a weak won."

http://news.bbc.co.uk/2/hi/business/8166648.stm

You can't possibly think that tourism , foreign investment & exports could be helped by a weakened baht, come on now.

Even commodity countries with appreciating currencies have signaled they will intervene as they don't want their currencies too strong to hamper exports. Not Thailand though.

And of course will there be the US "bank holiday" followed by a currency devaluation? More Goldman Sachs mega profits? Ah, never a dull moment.

Of course the PM does not mention the sharp increase in SIN VAT

Are BIB making more moolah also?

Bubba

Nothing to be proud of in these figures, Thailand is still trailing its competitors.....

"South Korea's economy expanded in the second quarter by its fastest rate in five-and-a-half years.

Gross domestic product rose 2.3% from the previous three months......

The growth in the April-to-June period - the biggest such rise since the fourth quarter of 2003 - compares with 0.1% growth from January to March and a 5.1% drop in the October-to-December period."

And even more to the point.....

"Its exports rose 14.7% in the second quarter compared with the previous three months, helped by a weak won."

http://news.bbc.co.uk/2/hi/business/8166648.stm

What is up with the officials in this country? Nothing ever looks bad. They are always looking through rose glasses

Even though the global recession would worsen the country's ailing economy, but the government's being implemented Thai Khem Kaeng (Strong Thailand) scheme would help improve the situation, Democrat party deputy spokesman Arkkrawit Suwanphakdee said on Saturday afternoon.

Unintelligible gibberish.

I really wish these newspapers would employ competent proof readers.

Nothing to be proud of in these figures, Thailand is still trailing its competitors.....

"South Korea's economy expanded in the second quarter by its fastest rate in five-and-a-half years.

Comparing South Korean economy to Thai economy ??

On a serious note, conveying something with a clear message doesn't require correct grammar or proof reading, rather a kick ass way of expressing yourself, ex. "Shake wutcho momma gave yall" or "you schetupid bloedy folking wangka" haha so it wasnt serious.

10 year cycle is what I go by, history never lies.

"history never lies" no but the people who read it and even those who live thru it sometimes have a tendency to embellish, distort, ignore, and it seems in today's age of communication, present selected portions to further some agenda other than the whole unvarnished truth.

Nothing to be proud of in these figures, Thailand is still trailing its competitors.....

"South Korea's economy expanded in the second quarter by its fastest rate in five-and-a-half years.

Gross domestic product rose 2.3% from the previous three months......

The growth in the April-to-June period - the biggest such rise since the fourth quarter of 2003 - compares with 0.1% growth from January to March and a 5.1% drop in the October-to-December period."

And even more to the point.....

"Its exports rose 14.7% in the second quarter compared with the previous three months, helped by a weak won."

http://news.bbc.co.uk/2/hi/business/8166648.stm

Not an easy comparative. Korea has a far more well established industrial sector. And they have the US...sucking on one it's hind teets.