thailiketoo Posted May 23, 2014 Share Posted May 23, 2014 You can Not compare credite Suisse, Royal Bank scotland ... With Thailand. At The Moment it. Exist nö Human Fights. If they wanna arest you Or Shot You they can do it. The Economics Situation depends on The Tourist And foreigners like Pensionärs or People WHO made business here with their Thai wife. Propertys, Restaurants, Fashion, Mals, Hotels.....They all live from The Tourist And The Money from them. Be realistic Gesendet von meinem iPad mit Thaivisa Connect Thailand 90% of Thai economy not tourist related. Thailand is a newly industrialized country. Its economy is heavily export-dependent, with exports accounting for more than two-thirds of its gross domestic product (GDP) http://en.wikipedia.org/wiki/Economy_of_Thailand Link to comment Share on other sites More sharing options...
timbus8 Posted May 23, 2014 Share Posted May 23, 2014 Jeez man, don't panic. The bars closing at 10pm don't equate to an "economic crash". The likelihood is that the curfew will be lifted reasonably quickly once the retail and entertainment sectors start complaining... Don't panic! You took the words right out of my mouth. Great advice. Link to comment Share on other sites More sharing options...
quidnunc Posted May 23, 2014 Share Posted May 23, 2014 <script type='text/javascript'>window.mod_pagespeed_start = Number(new Date());</script> The tourist will keep the baht up. Always has. Tourist dollars have very little to do with "keeping the baht up" as you put it. The Thai baht is strong against most of the major world currencies because of overseas investment in Thailand over the past 7-8 years, and also many years of extremely low interest rates around the globe. This has been a perfect storm in favor of the baht, however this military takeover could be the impetus for the a turn in foreign investor strategy and that coupled with the begining of a multi year rise in interest rates in the west could put the baht in for a long cycle of losing value. Tourism has historically constitued about 9% of the Thai economy. That's quite an influx of foreign currency. Link to comment Share on other sites More sharing options...
quidnunc Posted May 23, 2014 Share Posted May 23, 2014 (edited) <script type='text/javascript'>window.mod_pagespeed_start = Number(new Date());</script> During the flooding the baht also not crashed Thai banks have enough gold in the Poket to hold baht on same level Another major misconception! The BOT and the "Thai banks " have very little control over where the baht moves. As international hedge funds, banks and investors have poured the easy money into Thailand over the past 8 years, they have had to buy baht in order to buy shares on the SET and other real estate and direct business investments, as those investments get "cashed in" theses folks will be massive sellers of the baht as they repatriate their funds. Thailand is a small country and these international investors are big players, think of Thailand like a dogs tail, and as we all know the dog wags the tail the tail does not wag the dog So, what you're saying is that these savvy international investors will be selling out en masse, create a run on the baht, and thereby slit their own throats? Really? Edited May 23, 2014 by quidnunc Link to comment Share on other sites More sharing options...
Beetlejuice Posted May 23, 2014 Share Posted May 23, 2014 There will not be any problems regarding the Thai banks and financial institutions during this military coup. In fact if it manages to weaken the baht (which unfortunately I doubt will happen) this could be of benefit. The time to worry is if this political dispute escalates into a civil war and what usually happens during civil wars is that bank accounts can be frozen and bank customers refused access to their savings, especially for foreigners. But for the time being it is business as usual and for those who have concerns I can only suggest withdrawing all your monies from the banks and hiding it under the mattress. Link to comment Share on other sites More sharing options...
chiangmai2014 Posted May 23, 2014 Author Share Posted May 23, 2014 43 percent of The Economics in Thailand Are in construction And buildings. But for who? WHO will buy those buildings in The end? Gesendet von meinem iPad mit Thaivisa Connect Thailand Link to comment Share on other sites More sharing options...
longstebe Posted May 23, 2014 Share Posted May 23, 2014 http://www.thaivisa.com/forum/index.php?/topic/719570-Will-a-military-coup-effect-my-savings? Sent from my GT-I9505 using Thaivisa Connect Thailand mobile app Link to comment Share on other sites More sharing options...
rhythmworx Posted May 23, 2014 Share Posted May 23, 2014 Much ado about nothing. I do hope the Thai baht deflates as much as possible though, maybe then for once we will hear some of the constant groaning Thai hating expats rejoice instead of moaning about "What it used to be like back in the day." Wouldn't hold my breath though, there will always be something else to moan about. Link to comment Share on other sites More sharing options...
Popular Post 2020 Posted May 24, 2014 Popular Post Share Posted May 24, 2014 I posted a tongue in cheek comment very early (No 3 to be exact) and it was deleted! Normally the first casualty of war is the truth, but here its the sense of humour. The topic is rubbish anyway and most of the comments are worse, get a grip, get on with it or pack your bags. 3 Link to comment Share on other sites More sharing options...
quidnunc Posted May 24, 2014 Share Posted May 24, 2014 43 percent of The Economics in Thailand Are in construction And buildings. But for who? WHO will buy those buildings in The end? Gesendet von meinem iPad mit Thaivisa Connect Thailand Someone else posted in this thread that 2/3 or 67% of thailand's gdp is export based. 9% of the economy is tourism based. (although I read somewhere that tourism & travel together constitute 20% of GDP not sure what that means) Now we have 43% in construction. If you add domestic consumption and such in I suspect we will be closing in on 200%. Where are all these numbers coming from? Mfaybe the owners of the restaurant Isaan 1 million percent could help us out? 1 Link to comment Share on other sites More sharing options...
inzman Posted May 24, 2014 Share Posted May 24, 2014 The baht isn't moving at all. Seems like business as usual. Nothing to see here folks. Move along. Sent from my iPhone using Thaivisa Connect Thailand 1 Link to comment Share on other sites More sharing options...
2020 Posted May 24, 2014 Share Posted May 24, 2014 43 percent of The Economics in Thailand Are in construction And buildings. But for who? WHO will buy those buildings in The end? Gesendet von meinem iPad mit Thaivisa Connect Thailand Someone else posted in this thread that 2/3 or 67% of thailand's gdp is export based. 9% of the economy is tourism based. (although I read somewhere that tourism & travel together constitute 20% of GDP not sure what that means) Now we have 43% in construction. If you add domestic consumption and such in I suspect we will be closing in on 200%. Where are all these numbers coming from? Mfaybe the owners of the restaurant Isaan 1 million percent could help us out? Thats exactly the garbage I was talking about. Posts trying to impress people they don't know with statistics drawn from thin air about something they know nothing about. Link to comment Share on other sites More sharing options...
chiang mai Posted May 24, 2014 Share Posted May 24, 2014 The baht has been artificially inflated for years. Bring on the crash... How would one go about artificially inflating a currency. By the Thai government buying the baht when it seems to be flagging. They would have to sell something in order to do that, typically that would be some of their USD foreign currency reserves - if you look at the BOT figures you'll see they haven't done that, perhaps they've been selling somtam instead. http://www2.bot.or.th/statistics/BOTWEBSTAT.aspx?reportID=94&language=ENG Link to comment Share on other sites More sharing options...
chiangmai2014 Posted May 24, 2014 Author Share Posted May 24, 2014 Tourists come to Thailand to have Fun And Not be locked at 22 Clock like in The jail Without tourists their Would bei Not so much Investors invest in That Country. Export in 2013 was 163 Billion Import is 153 Billion. Stays 10 Billion Gesendet von meinem iPad mit Thaivisa Connect Thailand Link to comment Share on other sites More sharing options...
thailiketoo Posted May 24, 2014 Share Posted May 24, 2014 Tourists come to Thailand to have Fun And Not be locked at 22 Clock like in The jail Without tourists their Would bei Not so much Investors invest in That Country. Export in 2013 was 163 Billion Import is 153 Billion. Stays 10 Billion Gesendet von meinem iPad mit Thaivisa Connect Thailand Thailand is a newly industrialized country. Its economy is heavily export-dependent, with exports accounting for more than two-thirds of its gross domestic product. and an account surplus of 0.7 percent of the country's GDP. http://en.wikipedia.org/wiki/Economy_of_Thailand Link to comment Share on other sites More sharing options...
uptheos Posted May 24, 2014 Share Posted May 24, 2014 Tourists come to Thailand to have Fun And Not be locked at 22 Clock like in The jail Tourists love this kind of stuff, stories and pictures to show back home. http://www.dailymail.co.uk/travel/article-2637208/Thailand-travel-advice-changes-one-hotel-tells-tourists-sorry-coup-weve-extended-happy-hour.html 2 Link to comment Share on other sites More sharing options...
mesquite Posted May 24, 2014 Share Posted May 24, 2014 Tourists come to Thailand to have Fun And Not be locked at 22 Clock like in The jail Tourists love this kind of stuff, stories and pictures to show back home. http://www.dailymail.co.uk/travel/article-2637208/Thailand-travel-advice-changes-one-hotel-tells-tourists-sorry-coup-weve-extended-happy-hour.html Deja Vu all over again. Link to comment Share on other sites More sharing options...
chiangmai2014 Posted May 24, 2014 Author Share Posted May 24, 2014 (edited) People WHO Are Talking here about that The Military Law Not Affects on Thai Economy should read Bangkok post business from today!!! Malls loosing 20 Million baht per Day, Honda And Car business over 60 percent stop Productions And so on. The Central Bank keeps The bäht stable but i ASK myself for how long. Gesendet von meinem iPad mit Thaivisa Connect Thailand Edited May 24, 2014 by chiangmai2014 Link to comment Share on other sites More sharing options...
TimCM Posted May 24, 2014 Share Posted May 24, 2014 mai pen rai, not the first, nor the last coup ... asean 2015 is hereby cancelled for thailand no need for competition & other stuff, not thai anyway If this were to happen (AEC), then we would see some real damage. All the car makers would leave as they are here for access to the AEC. Same for many other industries. That would be irreversible damage that would not come back for a generation. Link to comment Share on other sites More sharing options...
metisdead Posted May 24, 2014 Share Posted May 24, 2014 A flaming post has been removed as well as a reply. Link to comment Share on other sites More sharing options...
haybilly Posted May 25, 2014 Share Posted May 25, 2014 (edited) @uptheos--your link is now defunct--the Daily Mail has been censored. Edited May 25, 2014 by haybilly Link to comment Share on other sites More sharing options...
Ulysses G. Posted May 25, 2014 Share Posted May 25, 2014 I works for me and lots of local interest - stuff about Chiang Mai. Link to comment Share on other sites More sharing options...
Oscar2 Posted May 25, 2014 Share Posted May 25, 2014 You can Not compare credite Suisse, Royal Bank scotland ... With Thailand. At The Moment it. Exist nö Human Fights. If they wanna arest you Or Shot You they can do it. The Economics Situation depends on The Tourist And foreigners like Pensionärs or People WHO made business here with their Thai wife. Propertys, Restaurants, Fashion, Mals, Hotels.....They all live from The Tourist And The Money from them. Be realistic Gesendet von meinem iPad mit Thaivisa Connect Thailand there is someone who truly does not understand the Thai economy! 2 Link to comment Share on other sites More sharing options...
Oscar2 Posted May 25, 2014 Share Posted May 25, 2014 43 percent of The Economics in Thailand Are in construction And buildings. But for who? WHO will buy those buildings in The end? Gesendet von meinem iPad mit Thaivisa Connect Thailand where on earth did you read that???? Link to comment Share on other sites More sharing options...
Oscar2 Posted May 25, 2014 Share Posted May 25, 2014 Tourists come to Thailand to have Fun And Not be locked at 22 Clock like in The jail Without tourists their Would bei Not so much Investors invest in That Country. Export in 2013 was 163 Billion Import is 153 Billion. Stays 10 Billion Gesendet von meinem iPad mit Thaivisa Connect Thailand please; enough of your misinformation. Link to comment Share on other sites More sharing options...
chiangmai2014 Posted May 26, 2014 Author Share Posted May 26, 2014 I read it in Bangkok post business Gesendet von meinem iPad mit Thaivisa Connect Thailand Link to comment Share on other sites More sharing options...
thailiketoo Posted May 26, 2014 Share Posted May 26, 2014 I read it in Bangkok post business Gesendet von meinem iPad mit Thaivisa Connect Thailand A source us loyal TV'ers can't use. A likely story. Link to comment Share on other sites More sharing options...
chiangmai2014 Posted May 26, 2014 Author Share Posted May 26, 2014 Dont Unverstand what you mean. My english is Not so Good I am German Gesendet von meinem iPad mit Thaivisa Connect Thailand Link to comment Share on other sites More sharing options...
thailiketoo Posted May 26, 2014 Share Posted May 26, 2014 Dont Unverstand what you mean. My english is Not so Good I am German Gesendet von meinem iPad mit Thaivisa Connect Thailand Thai Visa can not quote the Bangkok Post. So nothing you say can be checked. So it is not true because it can't be verified. Link to comment Share on other sites More sharing options...
chiangmai2014 Posted May 26, 2014 Author Share Posted May 26, 2014 I am in Thailand And i read The newspaper on saturday in a Café in chiang Mai in The categorie business of Bangkok post Gesendet von meinem iPad mit Thaivisa Connect Thailand Link to comment Share on other sites More sharing options...
.png.3b3332cc2256ad0edbc2fe9404feeef0.png)
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now