Prime Minister Prayut worried by economic slowdown

[thailiketoo]

Hard times is a comin' to Thailand.

THE INTERNATIONAL Monetary Fund has revised down this year's forecast for Thai economic growth to 2.5 per cent from the 5.2 per cent estimated previously, mainly because of the political uncertainty. This would be the lowest growth rate among Asean nations.

While growth of 2.5 percent is not great it certainly is not hard times.

[Boxclever]

Typical, he's blaming everybody else for the economic disaster he's putting his country through...

[Anthony5]

Hard times is a comin' to Thailand.

THE INTERNATIONAL Monetary Fund has revised down this year's forecast for Thai economic growth to 2.5 per cent from the 5.2 per cent estimated previously, mainly because of the political uncertainty. This would be the lowest growth rate among Asean nations.

While growth of 2.5 percent is not great it certainly is not hard times.

I think that are figures from April this year, and have since been revised.

At least the Worldbank revised their forecasts for Thailand to 1.5% in October, as did the Kasikorn put the figure at 1.6%, and the Bank of Thailand even aired concerns on October 1st that 1.5% will not be achievable.

[ginjag]

Methinks that the good general is a newbie to transport-highways-waterways-foreign affairs ets...thrust upon him by being at the right place in the wrong time by circumstances, fate and higher powers.

Me thinks he is, but far far more experienced than Yingluck could ever be and he is present at meetings ?? she was 50 trips in 3 years shopping etc.

But Yingluck had an experienced brother to whisper in her ear, but the good general has nobody but unexperienced soldiers who only know how shine their shoes.

Is that Yinglucks excuse--her fugative brother ??

As for your hate the PM talk, The PM has the whole of Thailands experts to choose who he needs advice from, not like Yingluck only her brother and look what a sorry mess he left us in.

Think before you post mate.

[ginjag]

Typical, he's blaming everybody else for the economic disaster he's putting his country through...

No you read wrong. Expcted next year-----world economic slowdown. Looking ahead---get it. Anti PM post for the sake of it.

[GAZZPA]

Economic slowdown due to the purchasing power of other economies becoming weaker,,, even on a tops as serious as this Thai's just cannot point the finger at themselves,, I find it all a bit pathetic really.

The economic slowdown is due to many reasons such as,,

1. Rice scheme disaster

2. Loss of GSP and a huge cut in exports into the EU and USA (No plan from Thailand on how to cope with this)

3. The military coup

4. Terrible publicity,, such as the recent British murders.

5. Bureaucracy on investing in Thailand

6. The constant publicity on scams on tourists

I could go on but all of these individual things can cause problems with the economy,,, collectively they can have avery serious effect.

[rickirs]

In 2015 Thailand may actually achieve becomeing a Hub in ASEAN- a hub of economic collapse.

"Regarding its rice exports, Gen Prayut said that Thailand's rice situation is good as the country is the biggest rice exporter of Asia."

No one can deny that Thailand CAN GROW RICE. The issue for the rice farmers has always been the PRICE for their rice. Since mid-2013 to date that price has not provided farmers with a profit much less to cover all their operating costs if not for the CONTINUING GOVERNMENT SUBSIDIES. Does not the General understand the economics of export?

The biggest challenge for the PM now may be how he can continue to blame Yingluck, politicians, democracy, other nations, etc. for what may be developing into a failed economic policy that is unable to reset Thailand's economic collapse following the military coup. If Thais came to understand that military coups (in general of course) come with an unacceptable price tag that actually endangers national security, even the elite class might become reluctant to encourage future coups.

[ginjag]

Economic slowdown due to the purchasing power of other economies becoming weaker,,, even on a tops as serious as this Thai's just cannot point the finger at themselves,, I find it all a bit pathetic really.

The economic slowdown is due to many reasons such as,,

1. Rice scheme disaster

2. Loss of GSP and a huge cut in exports into the EU and USA (No plan from Thailand on how to cope with this)

3. The military coup

4. Terrible publicity,, such as the recent British murders.

5. Bureaucracy on investing in Thailand

6. The constant publicity on scams on tourists

I could go on but all of these individual things can cause problems with the economy,,, collectively they can have avery serious effect.

I'm quite sure Thailand understands the situation, and is doing it's best to adjust to the world problems. Domestic probs I agree with you--BUT we do not have to blame the PM for most of this. The PM could prioritise a bit better, but his problem is he is trying to mend too much too quick.

[ginjag]

In 2015 Thailand may actually achieve becomeing a Hub in ASEAN- a hub of economic collapse.

"Regarding its rice exports, Gen Prayut said that Thailand's rice situation is good as the country is the biggest rice exporter of Asia."

No one can deny that Thailand CAN GROW RICE. The issue for the rice farmers has always been the PRICE for their rice. Since mid-2013 to date that price has not provided farmers with a profit much less to cover all their operating costs if not for the CONTINUING GOVERNMENT SUBSIDIES. Does not the General understand the economics of export?

The biggest challenge for the PM now may be how he can continue to blame Yingluck, politicians, democracy, other nations, etc. for what may be developing into a failed economic policy that is unable to reset Thailand's economic collapse following the military coup. If Thais came to understand that military coups (in general of course) come with an unacceptable price tag that actually endangers national security, even the elite class might become reluctant to encourage future coups.

Your Shin democracy was nothing to shout about was it ??? 5 months to turn around a complete mess---give us a break.

[Anthony5]

Methinks that the good general is a newbie to transport-highways-waterways-foreign affairs ets...thrust upon him by being at the right place in the wrong time by circumstances, fate and higher powers.

Me thinks he is, but far far more experienced than Yingluck could ever be and he is present at meetings ?? she was 50 trips in 3 years shopping etc.

But Yingluck had an experienced brother to whisper in her ear, but the good general has nobody but unexperienced soldiers who only know how shine their shoes.

Is that Yinglucks excuse--her fugative brother ??

As for your hate the PM talk, The PM has the whole of Thailands experts to choose who he needs advice from, not like Yingluck only her brother and look what a sorry mess he left us in.

Think before you post mate.

Strange that he has the whole of Thailand experts to choose, but choose only soldiers.

[ginjag]

Me thinks he is, but far far more experienced than Yingluck could ever be and he is present at meetings ?? she was 50 trips in 3 years shopping etc.

But Yingluck had an experienced brother to whisper in her ear, but the good general has nobody but unexperienced soldiers who only know how shine their shoes.

Is that Yinglucks excuse--her fugative brother ??

As for your hate the PM talk, The PM has the whole of Thailands experts to choose who he needs advice from, not like Yingluck only her brother and look what a sorry mess he left us in.

Think before you post mate.

Strange that he has the whole of Thailand experts to choose, but choose only soldiers.

This is a complete LIE. The PM has all expertise at hand from every corner. Your anti PM remarks are a joke.

[i claudius]

Lack of experience in Economics comes to mind as being a man in the Military all his life.

Lack of communication due to heavy censorship. Networking in Business is most important,.

Tourism is a major economic income for Thailand and has been blemished with recent events.

Comfortable and Confidence has hit Teflon Thailand very hard now afte 8 years of Political unrest.

I could continue but i really dont think the Thai people will understand.

Or care.

[Oziex1]

Don't worry about that stuff, just keep up the development in Phuket, Pattaya and the rest as TAT say.....

[bartobar]

I'm CONFUSED. World bank pro. thailand's growth for 2014 at around 1.5% (www.worldbank.org).

Contrary to TH 4 -4.5% ? Who is right ?

[CNXTim]

Excellent photo rendition of PP looking "worried" Next item please?

[Anthony5]

He should be- the chances of revolt grow daily

Come on be serious, how will only 6.8% of the population ever succeed in a revolt.

The martial law is only kept in place to promote martial law tourism.

[Anthony5]

I'm CONFUSED. World bank pro. thailand's growth for 2014 at around 1.5% (www.worldbank.org).

Contrary to TH 4 -4.5% ? Who is right ?

Bank of Thailand has declared that they doubt that 1.5% will be achievable.

[ginjag]

He should be- the chances of revolt grow daily

Come on be serious, how will only 6.8% of the population ever succeed in a revolt.

The martial law is only kept in place to promote martial law tourism.

Come on you foreign minorities---REVOLT instead of all this rubbish every day. It's what we have now so what is the point NO Suthep is going to step forward and get the PM out.

[gemini81]

reap what you sow...Thailand sowed Pheua Thai...gonna be payin' for that mistake for a while!

[ginjag]

Why post if you cannot give correct facts about the PMs advisors. Just saying they are all military scores you NIL.

Maybe you want to enlighten us with the details, since you were the one who rebuffed my comment. The names of his cabinet are made public isn't it ?

You are the one that gave us false details so YOU put that to right, your post initially, so don't post it if you cannot back it up.

We were talking about advisors NOT cabinet---why twist it round because you made an incorrect post.

[JOC]

He should be- the chances of revolt grow daily

Come on be serious, how will only 6.8% of the population ever succeed in a revolt.

The martial law is only kept in place to promote martial law tourism.

Come on you foreign minorities---REVOLT instead of all this rubbish every day. It's what we have now so what is the point NO Suthep is going to step forward and get the PM out.

If there was ever any doubt, not anymore. <deleted>

So posters who don't agree with you are suddenly "foreign minorities", who should stage a revolt instead of posting not to your liking??

<deleted>!

[CharlieH]

Post removed.

Agree/disagree on the topic DO NOT make things personal.

[Anthony5]

Why post if you cannot give correct facts about the PMs advisors. Just saying they are all military scores you NIL.

Maybe you want to enlighten us with the details, since you were the one who rebuffed my comment. The names of his cabinet are made public isn't it ?

You are the one that gave us false details so YOU put that to right, your post initially, so don't post it if you cannot back it up.

We were talking about advisors NOT cabinet---why twist it round because you made an incorrect post.

Oh you mean private advisors, and that Yingluck didn't have access to private advisors ?

Any suggestion why that would be the case?

[ginjag]

He should be- the chances of revolt grow daily

Come on be serious, how will only 6.8% of the population ever succeed in a revolt.

The martial law is only kept in place to promote martial law tourism.

Come on you foreign minorities---REVOLT instead of all this rubbish every day. It's what we have now so what is the point NO Suthep is going to step forward and get the PM out.

If there was ever any doubt, not anymore. <deleted>

So posters who don't agree with you are suddenly "foreign minorities", who should stage a revolt instead of posting not to your liking??

<deleted>!

Like kids--F Flintstone started the ball rolling Quote "the chances of a revolt grow daily " HE is the one that has lost it and you support this stuff.

I said revolt then, not make crazy comments after your friend shot himself in the foot.

Do you actually believe it would be to anyones liking to have a revolt now ??? see sense.

[ginjag]

Why post if you cannot give correct facts about the PMs advisors. Just saying they are all military scores you NIL.

Maybe you want to enlighten us with the details, since you were the one who rebuffed my comment. The names of his cabinet are made public isn't it ?

You are the one that gave us false details so YOU put that to right, your post initially, so don't post it if you cannot back it up.

We were talking about advisors NOT cabinet---why twist it round because you made an incorrect post.

Oh you mean private advisors, and that Yingluck didn't have access to private advisors ?

Any suggestion why that would be the case?

All cabinet members in all governments have their own advisors, so in the PMs case YES, not soldiers only. Didn't you realize ? did you actually think that all cabinet decisions were made just on the cabinets judgment. get out more, stop listening to some of your friends for your own good.

[Fred Flinstone]

Its likely once the countries economy worsens even further "forces "" behind the scenes will start to play out-

People need to remember this PM is not succeeding

[andy the man]

Wait till the Japanese start pulling their investments out of Thailand........

It is not if they will......they will. {to long to explain}

Its when, and that day is a lot closer than u think.

[Thai at Heart]

Maybe the following can kick start the economy: Change the protectionist rules against foreign investment, let the investors own 100% of their companies without need of BOI deals and change the silly work permit rules, lower the corporate taxes to the lowest in the region, lower the import duties to max 10%, lover the VAT, start today to build new a new Railway system and repair all the damaged highways, remove the censure of the media and change the whole police force and clean up the custom department.

Never happen. What many fail to realise is that it is the mindset diametrically opposed to all your sensible suggestions that have, and will continue to, keep this country Third World. They simply can't help themselves. Muppets.

It was all good until the cut taxes but rebuild the infrastructure. Barely anyone pays income tax now, and they have a fiscal deficit.

The govt would go bust.

China will lend them money with their new "Asian bank" for the railway system. If the import taxes and VAT are to high, it does not make it very interesting to invest here. Even Laos got a better system for investors, there you can own your business 100% if you invest 100.000 US$ and import duties for all material and machinery you need for your business is only 1% and no silly rules for work permits like in Thailand.

Investors are one thing along with company ownership.

That would be largely irrelevant if you cut all the taxes to the floor because the govt would be bust. They need to get everyone paying the taxes they should before they think of cutting anymore. Look at the deficit since they cut corporate tax

Tax evasion is a national sport.

[thailiketoo]

Wait till the Japanese start pulling their investments out of Thailand........

It is not if they will......they will. {to long to explain}

Its when, and that day is a lot closer than u think.

That is totally inaccurate (to long to explain).

[Thai at Heart]

Wait till the Japanese start pulling their investments out of Thailand........

It is not if they will......they will. {to long to explain}

Its when, and that day is a lot closer than u think.

That is totally inaccurate (to long to explain).

Fact is neither of you know.