webfact Posted January 24, 2013 Share Posted January 24, 2013 Strong baht has Thai politicians, business owners spooked By Coconuts Bangkok BANGKOK: -- The baht has posted a remarkable rally during the past month, pushing Thai business owners and politicians into a state of panic about the possibility of harm being done to Thai exporters. According to data released by the Bangkok Post, when the local currency markets closed yesterday, Thailand’s currency was trading at THB29.77 to USD1. Compare this with one year ago, when USD1 would buy you THB31.36. This surge in the baht’s value has caused Thai officials and business owners to worry about the future of Thai exports and the fate of foreign direct investment within the country. In a statement following a meeting with Finance Minister Kittiratt [more...] Full story: http://www.coconutsb...owners-spooked/ -- COCONUTS Bangkok 2013-01-24 Link to comment Share on other sites More sharing options...
Popular Post OzMick Posted January 24, 2013 Popular Post Share Posted January 24, 2013 (edited) Not such a bad thing when you are moving big slabs of cash offshore. No mention of whether the Thai Reserve Bank is involved in currency fluctuation modulating (or exacerbation for that matter). Edited January 24, 2013 by OzMick 6 Link to comment Share on other sites More sharing options...
chooka Posted January 24, 2013 Share Posted January 24, 2013 The Aussie dollar is now only getting 31.4 1 Link to comment Share on other sites More sharing options...
fakename Posted January 24, 2013 Share Posted January 24, 2013 That will be nice comfort, that the PM will keep people informed! Link to comment Share on other sites More sharing options...
Locationthailand Posted January 24, 2013 Share Posted January 24, 2013 That will help the rice scam. 2 Link to comment Share on other sites More sharing options...
Popular Post ratcatcher Posted January 24, 2013 Popular Post Share Posted January 24, 2013 Does anyone know the location of the iceberg that this country may soon collide with? 5 Link to comment Share on other sites More sharing options...
Popular Post upena Posted January 24, 2013 Popular Post Share Posted January 24, 2013 No mention of the impact on tourism - oops - forgot - nothing ever impacts Thai tourism 4 Link to comment Share on other sites More sharing options...
horsewell Posted January 24, 2013 Share Posted January 24, 2013 Thailand's losing the race to the bottom... 555+ Link to comment Share on other sites More sharing options...
kevvy Posted January 24, 2013 Share Posted January 24, 2013 do you trust those eyes ... Link to comment Share on other sites More sharing options...
chooka Posted January 24, 2013 Share Posted January 24, 2013 No mention of the impact on tourism - oops - forgot - nothing ever impacts Thai tourism More expensive to holiday in Thailand, The "TOURISTS" are going to love it, they will be flocking in record numbers. You mark my word lad, just wait until T.A.T release thier media report tomorrow stating that this is just the thing that tourists have been waiting for. 1 Link to comment Share on other sites More sharing options...
SOTIRIOS Posted January 24, 2013 Share Posted January 24, 2013 ...does she know anything about economics....or anything, for that matter.... (...people should see the absurdity and the travesty surrounding her election to prime minister of this country...) 2 Link to comment Share on other sites More sharing options...
IMA_FARANG Posted January 24, 2013 Share Posted January 24, 2013 Or is somebody in Dubai selling dollars/euro/and GBP in expectation of his return to Thailand? Link to comment Share on other sites More sharing options...
Thai at Heart Posted January 24, 2013 Share Posted January 24, 2013 Just imagine how strong it would be if the government wasn't so busy borrowing? Link to comment Share on other sites More sharing options...
MaiChai Posted January 24, 2013 Share Posted January 24, 2013 The Aussie dollar is now only getting 31.4 So she is wrong about quantitive easing? Cluelesscomes to mind, and its scary someone like this is running the country? 1 Link to comment Share on other sites More sharing options...
julemanden Posted January 24, 2013 Share Posted January 24, 2013 Does anyone know the location of the iceberg that this country may soon collide with? "Greed-berg" Maybe 1 Link to comment Share on other sites More sharing options...
Bellweather Posted January 24, 2013 Share Posted January 24, 2013 That will be nice comfort, that the PM will keep people informed! This means she will pass on what her brother tells her to say Link to comment Share on other sites More sharing options...
Bellweather Posted January 24, 2013 Share Posted January 24, 2013 The Aussie dollar is now only getting 31.4 So she is wrong about quantitive easing? Cluelesscomes to mind, and its scary someone like this is running the country? but she's not really is she ? Link to comment Share on other sites More sharing options...
lungmi Posted January 24, 2013 Share Posted January 24, 2013 Greece is meeting Thailand, followed by international vultures, the currency gambling party. Link to comment Share on other sites More sharing options...
kimamey Posted January 24, 2013 Share Posted January 24, 2013 That will be nice comfort, that the PM will keep people informed! That was my first thought. I don't really know if this is going to be a problem for the kingdom in the longer term or not but it seems a bit different from the approach taken when there was concern about the downturn in Europe and the effect that would have on Thai exports and therefore its economy. Then it was a case of don't worry as we have plans to deal with that problem. Now it's a case of we will tell you about the problems. That seems to suggest they have no idea or no intention of doing anything about it. This isn't so much of a problem if they're planning on the economy growing though domestic consumption although if inflation grows that may be more difficult. It will be better if you need to import a lot as well but that may not be so good for the Thai economy. From my own point of view it's bad as ~I will be needing to move money from the UK very soon. Link to comment Share on other sites More sharing options...
kimamey Posted January 24, 2013 Share Posted January 24, 2013 do you trust those eyes ... Do we trust that it's those eyes we have to trust? Link to comment Share on other sites More sharing options...
spirit47 Posted January 24, 2013 Share Posted January 24, 2013 After the Americans, Europes and Japanese Exporter Nations printing money, the others must fighting back. The end of the story, you can't eat money... Link to comment Share on other sites More sharing options...
Thai at Heart Posted January 24, 2013 Share Posted January 24, 2013 That will be nice comfort, that the PM will keep people informed! That was my first thought. I don't really know if this is going to be a problem for the kingdom in the longer term or not but it seems a bit different from the approach taken when there was concern about the downturn in Europe and the effect that would have on Thai exports and therefore its economy. Then it was a case of don't worry as we have plans to deal with that problem. Now it's a case of we will tell you about the problems. That seems to suggest they have no idea or no intention of doing anything about it. This isn't so much of a problem if they're planning on the economy growing though domestic consumption although if inflation grows that may be more difficult. It will be better if you need to import a lot as well but that may not be so good for the Thai economy. From my own point of view it's bad as ~I will be needing to move money from the UK very soon. They will have to cut interest rates here soon. Link to comment Share on other sites More sharing options...
MaxLee Posted January 24, 2013 Share Posted January 24, 2013 (edited) Thailand's losing the race to the bottom... 555+ Thailand is losing FACE to the bottom, or shall I say Rice SCHEEEEEEEEME and Wage HIIIIIKE, MEGA PROJECTS = MEGABULLSH*******TTTT Edited January 24, 2013 by MaxLee Link to comment Share on other sites More sharing options...
CCFC1 Posted January 24, 2013 Share Posted January 24, 2013 Nope, make the rice even more expensive. BTW nice ear-rings, wonder if she's got a matching necklace. I am sure she's had a pearl necklace to go with them. Naughty, naughty. But seriously, is there another PM in the world who even gets close? I don't care if I'm being sexist, she's a looker. I agree, she is a looker. CCFC1 Link to comment Share on other sites More sharing options...
evanson Posted January 24, 2013 Share Posted January 24, 2013 The Aussie dollar is now only getting 31.4 So she is wrong about quantitive easing? Cluelesscomes to mind, and its scary someone like this is running the country? 'She' isn't. Link to comment Share on other sites More sharing options...
davejones Posted January 24, 2013 Share Posted January 24, 2013 No mention of the impact on tourism - oops - forgot - nothing ever impacts Thai tourism More expensive to holiday in Thailand, The "TOURISTS" are going to love it, they will be flocking in record numbers. You mark my word lad, just wait until T.A.T release thier media report tomorrow stating that this is just the thing that tourists have been waiting for. Thailand is still incredibly cheap for tourists. I can't see many swapping Thailand for another country. So what if a holiday costs 5% extra. Makes no difference to the vast majority. Tourists numbers are way up on 10 years ago despite the baht being much stronger against lost of currencies. It hasn't stopped the tourists coming. 1 Link to comment Share on other sites More sharing options...
kimamey Posted January 24, 2013 Share Posted January 24, 2013 That will be nice comfort, that the PM will keep people informed! That was my first thought. I don't really know if this is going to be a problem for the kingdom in the longer term or not but it seems a bit different from the approach taken when there was concern about the downturn in Europe and the effect that would have on Thai exports and therefore its economy. Then it was a case of don't worry as we have plans to deal with that problem. Now it's a case of we will tell you about the problems. That seems to suggest they have no idea or no intention of doing anything about it. This isn't so much of a problem if they're planning on the economy growing though domestic consumption although if inflation grows that may be more difficult. It will be better if you need to import a lot as well but that may not be so good for the Thai economy. From my own point of view it's bad as ~I will be needing to move money from the UK very soon. They will have to cut interest rates here soon. That's a possibility I suppose. It might make it easier for those who have stretched themselves buying a new car under the tax rebate scheme. Or any other borrowing as well to be honest. Link to comment Share on other sites More sharing options...
hellodolly Posted January 24, 2013 Share Posted January 24, 2013 I wasn't worried until she said don't worry. From the shoulders up OK 1 Link to comment Share on other sites More sharing options...
Popular Post LuckyLew Posted January 24, 2013 Popular Post Share Posted January 24, 2013 Do not worry people, Thaksin will be back soon and everyone in Thailand will be rich rich rich Things are getting worse and worse for Thai people Yup, minimum wage went up .... So did the price of most if not all goods Thai people need and use But that is ok .... Thaksin will be back ... He will solve the problem of what to do with the rice .. He will solve the Thai baht issue ... then again what does he care ... as money gets transferred out of Thailand ... as soon as it gets swapped for other currency ... ends up with more ... One day hopefully Thailand will get a Gov't and representation that actually work and care for the people ... until then ... just bend over and ....... 3 Link to comment Share on other sites More sharing options...
bunuel Posted January 24, 2013 Share Posted January 24, 2013 Completely agree. The hordes of Russians who have taken over Pattaya seem to be ordinary people who have no problem with the orices at all. Western geezers wll have to move to Csmbodia, where flesh is reportedly still cheap! No loss fod Thailand, frankly - all the Russians want to do is go to the beach, shop till they drop, and drink themselves into oblivion. They have their domestic flesh trade . No mention of the impact on tourism - oops - forgot - nothing ever impacts Thai tourism More expensive to holiday in Thailand, The "TOURISTS" are going to love it, they will be flocking in record numbers. You mark my word lad, just wait until T.A.T release thier media report tomorrow stating that this is just the thing that tourists have been waiting for. Thailand is still incredibly cheap for tourists. I can't see many swapping Thailand for another country. So what if a holiday costs 5% extra. Makes no difference to the vast majority. Tourists numbers are way up on 10 years ago despite the baht being much stronger against lost of currencies. It hasn't stopped the tourists coming. Link to comment Share on other sites More sharing options...
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