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Economic Slowdown Forces Thais To Tighten Belts
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School Bus Overturns in Sisaket, 20 Students Injured
Picture from responders Emergency services in Sisaket were alerted at 07.30 on September 20, to an incident involving a school bus that overturned on the road between Ban Phon Yang and Ban Nong Phai in Phon Yang Subdistrict, Wang Hin District. The accident left 20 students injured. Rescue teams quickly arrived at the scene, where they found a yellow six-wheeled school bus, license plate Sisaket, overturned on the roadside. The injured students from Wat Luang Wittaya School, included both novice monks and regular students. Emergency personnel administered first aid at the scene before transferring the injured to Wang Hin Hospital for further treatment. The bus driver, Mr. Chaiwat Khumkham, 50, explained that he had been picking up students from villages along the route to take them to school in downtown Sisaket. The road between Ban Phon Yang and Ban Nong Phai is narrow and difficult to navigate, especially when passing other vehicles. As the bus approached a curve, another vehicle came from the opposite direction. In an attempt to avoid a collision, Mr. Chaiwat steered sharply to the left, causing the rear wheels to slip off the road due to the lack of a shoulder. The bus then lost control and overturned, resulting in multiple injuries among the students. The bus was reportedly carrying over 60 students at the time of the accident. Some parents, upon hearing the news, rushed to the scene to take their children home, deciding not to send them to school for the rest of the day due to the trauma. The investigation of the incident is ongoing. -- 2024-09-20 -
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Taylor Swift Shines in Poll, Surpassing Expectations Against Trump and Harris
Is the fix in for 2028? While she is a pretty singer of pretty songs, does she have any political experience, does she have any international experience? The US could do worse than Swift as POTUS. If Harris can be, Swift should be a shoo in. -
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THAILAND LIVE Thailand Live Saturday 21 September 2024
School Bus Overturns in Sisaket, 20 Students Injured Emergency services in Sisaket were alerted to an incident involving a school bus that overturned on the road between Ban Phon Yang and Ban Nong Phai in Phon Yang Subdistrict, Wang Hin District. The accident left 20 students injured. Full story : https://aseannow.com/topic/1338717-school-bus-overturns-in-sisaket-20-students-injured/ -
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iPhone 16 Launch Draws Large Crowds in Thailand
Coolaid drinking status seekers. Probably all want an electric car. Those phones are a big rip off in my opinion. Never understood the hype. -
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Thai Baht Exchange Rate So Low How Are You Dealing With It?
With the Thai baht the lowest exchange rate in over a year. I am curious how other expats are dealing with their monthly budgets. In my case had planned to buy a motorbike. Anything below 30 baht to the USD dollar everything outside survival comes to a stop. 33 to 34 baht to the dollar I can deal with that. -
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Harris-Walz Campaign Opts for Media Silence as Election Nears
Obviously decided that having Harris in the public eye is not an advantage- a wise decision. Also, when one has nothing to say, the cover is to say that one is reducing media interaction for xyz reasons. -
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Former Air Force Central FC Player Dies in Horrific Benz Crash
That'll buff right out. -
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Does Donald Trump Have Dementia?
English is hard. There was no viewing audience in the studio where the debate took place. There were millions of people viewing via tv etc. No live audience present. -
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Kamala Harris Expresses Openness to Exploring Reparations for Slavery
IMO she is an empty vessel with nothing to offer. IMO she is only getting support because she is neither Biden nor Trump. -
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What’s the best area in Thailand for expats to settle for long-term living?
Obviously we do not know what the OP likes. For me, I am not a beach or big city person. First trip to Thailand i went straight to Udon Thani after researching it extensively online (yes, i was conversing with a girl there). Never met the girl, but was pleasantly surprised and felt at home straight away (2008). moved there in 2010, married now with daughter. Plus factors - low cost of living especially accommodation. Very little 'Farang pricing'. Reasonable levels of English spoken Quite a few retired expats, so some shops and bars serve this community. Airport only 20 minutes away (for me, as on other side of town). most of city is less than 15 minutes away by car City small enough you can actually walk everywhere if you have to. Good weather in cool season. Few tourists Quite a few women in their 30s and 40s looking for a partner Air quality rarely bad. Good road system. Reasonable hospitals. Negative factors - Hot season is hot! Wet season is humid and still quite hot Not a beautiful city, just OK Not a city for the younger expat. -
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What’s the best area in Thailand for expats to settle for long-term living?
where will you meet jesus? you tell your wife you're flying to pattaya just to meet up with "the boys" and she believes you? -
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Thailand to borrow 2.59 trillion baht for 2025 budget
Borrowing can be OK or even good, if it's for the right reason and the existing levels of debt are not too high. Borrowing to undertake major infrastructure build outs such as airports, hospitals and roads, allows expensive projects to be done earlier, all of which benefit the economy and the population more quickly. Borrowing to fund unexpected and unbudgeted costs such as covid for example, allows subsequent budgets to proceed along "normal" lines rather than having to be cut to pay for something that has already happened, that had no benefit to the economy. Servicing the debt each year is a tricky balancing act, the problem is that excessive debt becomes difficult to service and only leads to new debt, unless the country is disciplined and is able to avoid becoming addicted. Thailand learned its lesson from the 1997 crash, thereafter its debt load was small to non-existent and every year the same level of budget was put forward, for several years the debt level was reduced to low levels. But it's difficult to build roads, airports etc using revenue income alone, especially when not many people pay tax and those taxes don't increase. If you look at the graph below you'll see the country's debt to GDP ratio over the years and you'll see how covid has affected things. If you dig in to each years debt, you'll see that most of it resulted from subsidies to the poor and for agriculture, in other words, government giveaways in order to stay in power. https://tradingeconomics.com/thailand/government-debt-to-gdp -
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THAILAND LIVE Thailand Live Saturday 21 September 2024
Baht's biggest surge since 1998 poses risk to tourism and Exports Picture courtesy: Thai Rath The baht is experiencing its sharpest rise in 26 years, reaching levels last seen during the 1998 Asian financial crisis. This surge has hampered Thailand's recovery in the tourism and export sectors, Bloomberg News reports. Full story: https://aseannow.com/topic/1338716-bahts-biggest-surge-since-1998-poses-risk-to-tourism-and-exports/ -
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I Love Donald Trump
Do yourself a favor and add that account to your ignore list. I just wish the ignore feature also ignored the quotes. -
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Baht's biggest surge since 1998 poses risk to tourism and Exports
The Thai baht is experiencing its sharpest rise in 26 years, reaching levels last seen during the 1998 Asian financial crisis. This surge has hampered Thailand's recovery in the tourism and export sectors, Bloomberg News reports. While the baht's rise is partly linked to a weakening US dollar ahead of the Federal Reserve's anticipated rate cut, its unexpected appreciation against key trade currencies has made Thai products less competitive abroad. Commerce Minister Pichai Naripthaphan and Deputy Finance Minister Paophum Rojanasakul have called on the Bank of Thailand (BOT) to take action to curb the baht’s rapid rise and manage exchange rate volatility. Kriengkrai Thiennukul, chairman of the Federation of Thai Industries (FTI), noted that the strong currency has driven up production costs and worsened the influx of low-cost imports from China. "We need a stable baht and help managing financial costs," Kriengkrai emphasized. Paophum added that it's vital for the baht to remain "neither too strong nor too weak, but above all, stable." Despite continued growth in tourism, the stronger baht may reduce tourists' spending power, particularly affecting shopping and accommodation. Surawat Akaraworamat, vice president of the Tourism Council of Thailand, pointed out that the higher exchange rate makes goods and services appear more expensive to foreign tourists. The baht’s strength may also hamper Thailand's ability to meet its tourism goals for the year. This presents a fresh challenge for Prime Minister Paetongtarn Shinawatra, who is focused on boosting the economy and lowering living costs amid slower growth in Thailand compared to other ASEAN countries. Both tourism and exports are vital economic drivers, repoerted The Nation. Picture courtesy: TTG Asia The BOT has voiced concern over sharp currency fluctuations, with the baht appreciating 9.14% against the US dollar in the past three months, significantly above the yearly average of 7.96%. This volatility has put the export sector under additional pressure. The BOT has committed to stepping in to stabilize the baht and mitigate further damage to the economy. Nattaporn Triratanasirikul, deputy managing director of Kasikorn Research Center, noted that the currency’s sustained strength will be a key topic for the BOT’s Monetary Policy Committee meeting on October 16. TOP Picture courtesy: Thai Rath -- 2024-09-21
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