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4
Pattaya Property tax - anyone received this years bill?
Mine arrived on the 27th April ... and paid it next day using the QR code provided on the bill . .the hardest part was having to walk the 40mtrs to my outside letter box . LOL . -
4,269
LTR Visa is Now available for Long Term Residency
Actually my Thai source (not BOI but close to it) thought the opposite might be part of the problem.In other words there are too many low net worth people who qualify - thus destroying exclusivity and driving the genuinely wealthy away.While I agree the barriers to entry are oddly low I don't feel this accounts for the scheme's recruitment failure.I think it has more to do with poor market research in the first place.There aren't enough of the high rollers to go round and Thailand is not seen as a prime destination by them anyway. -
6
Blair says current net zero policies 'doomed to fail'
Yes they dont care. Dumb lefty voters in the west keep voting left. Truly sad. -
80
What psychosocial factors lead to bickering, etc. in online forums among older men?
My god do you ever get bored of belittling people ? Your arrogance is astounding but as usual you can't help yourself. Must be that ivy league education. -
20
THAILAND LIVE Thailand Live Thursday 1 May 2025
Thai Central Bank Slashes Rates, Cuts Growth Forecasts Amid Tariff Fears Picture courtesy of Bank of Thailand In an assertive move, the Bank of Thailand's Monetary Policy Committee opted for a 25-basis point slash in the policy rate, bringing it to a lowered 1.75%. Full story: https://aseannow.com/topic/1359382-thai-central-bank-slashes-rates-cuts-growth-forecasts-amid-tariff-fears/ -
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Economy Thai Central Bank Slashes Rates, Cuts Growth Forecasts Amid Tariff Fears
Picture courtesy of Bank of Thailand In an assertive move, the Bank of Thailand's Monetary Policy Committee opted for a 25-basis point slash in the policy rate, bringing it to a lowered 1.75%. Announced by committee secretary Sakkapop Panyanukul, this decision is in line with the need to navigate a gloomy economic forecast and adapt to mounting global economic risks. Central to this move is the alignment of financial conditions with shifting economic and inflationary expectations. Thailand's economic prospects are dimming, hit by thorny global trade interactions and a tardy inflow of international tourists. The nation faces a subdued inflation rate poised to slip below the intended target, largely driven by supply-side anomalies, while financial conditions remain stringent. Global trade tensions are predicted to wreak havoc predominantly in the year's latter half, although their exact impact remains unclear. Forecasts place Thailand’s GDP growth at a cautious 2% should protracted trade discussions sustain and American tariffs remain stable. A hike in tariffs, on the other hand, could shrink economic growth to just 1.3% for the year, according to Sakkapop. The central bank is keen to uphold monetary policies that stabilize prices, underpin sustainable growth, and secure financial steadiness. The central bank downshifted its 2025 growth expectations to 2.0%, revising earlier assessments of 2.5% from February and an optimistic 2.9% predicted back in December. It highlights potential threats to growth, with particular focus on U.S. trade tariffs likely to bite in the closing half of the year. Should trade wars erupt more intensely, this year’s growth might dwindle to a mere 1.3%. A global economic metamorphosis is anticipatory due to U.S. trade strategies and retaliations from other major economies, as outlined in an official statement. Southeast Asia, especially Thailand, is bracing for impact from looming U.S. tariffs, anticipated to climb dramatically to 36% if renegotiations before July's moratorium prove futile. As it stands, Thailand’s economic pace lags behind its regional counterparts, having expanded by just 2.5% the previous year. In response, the BOT trimmed its 2025 inflation forecast from 1.1% to a modest 0.5%, beneath the target zone of 1% to 3%. Projections for tourism arrivals were also slashed, now at 37.5 million, reduced from December's prediction of 39.5 million visitors. Economists remain divided; twenty out of twenty-eight anticipated rate cuts this week, while a few surmised stability in policy. The central bank stays vigilant, prepared to adapt interest rates as deemed necessary, with a watchful eye on the baht currency which remained relatively unchanged following the announcement. Given the prevailing uncertainties, Thailand’s monetary policy committee appears poised for a ‘wait-and-see’ strategy, as outlined by Miguel Chanco from Pantheon Macroeconomics. Adapted by ASEAN Now from Thai PBS World 2025-05-01
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