Thaivisa News Posted March 11, 2015 Share Posted March 11, 2015 Bangkok: –Key economic indicators, particularly, decreasing purchasing power and rising household debt, paint a bleak picture of the economy, an economist said. Montree Socatiyanurak of the National Institute for Development Administration has called for the policy rate to be kept at 2 per cent until the country could overcome the liquidity trap. The low policy rate is deemed necessary in view of weakening purchasing power caused by lowering commodity prices and household debt which has reached 85 per cent of GDP. Montree has suggested the government to speedily implement fiscal measures designed to revitalise the economy. The Finance Ministry should not just focus on a single measure like adjusting the tax collection but rely on multiple fiscal tools such as debt-finance public investment and the mobilisation of funds through the stock exchange, he said. In the past two months, the country has plunged into liquidity trap as indicated by negative inflationary rate of -0.52 per cent. The next survey within three to six months would prove whether the country is facing deflation. Based on key indicators, the economy is in the doldrums. Exports for January dropped at escalating rate of -7.95 per cent in comparison with -2.34 in the same period last year. The arrivals of foreign visitors have dropped by 6.66 per cent. Inbound tourists from key markets like Malaysia, China and Russia have been declining. In regard to domestic demand, there has been a lowering trend for electricity consumption, vehicle purchase and fuel consumption. The January collection of value added tax has decreased by -2 per cent, indicating slackened business transaction. Imports of consumers’ goods have declined by -0.2 per cent. And the investment outlays for machinery have been lowered by -4.5 per cent. 1 Link to comment Share on other sites More sharing options...
harada Posted March 11, 2015 Share Posted March 11, 2015 I wonder why. 2 Link to comment Share on other sites More sharing options...
Popular Post halloween Posted March 11, 2015 Popular Post Share Posted March 11, 2015 I wonder why. It could be because they are facing similar economic conditions to the other countries facing deflation this year, 8 in Europe alone. http://www.bloomberg.com/news/articles/2015-02-06/the-eight-unlucky-countries-facing-deflation-this-year 6 Link to comment Share on other sites More sharing options...
Bkungbank Posted March 11, 2015 Share Posted March 11, 2015 In 1997 only Asia and overseas market still strong but today due to lower fuel price main oil export countries like Russia and Malaysia the value of thier money are drop nearly 50%, China GDP only 7% where few years back 9%. They are few reasons behind fuel price drop saction against Russia due to Ukaraine issue and stop IS funding which main income is from oil, the effect now feel the pitch of it around the world. 1 Link to comment Share on other sites More sharing options...
ezzra Posted March 11, 2015 Share Posted March 11, 2015 Yep.. the Thai economy is in a bumpy ride, sitting in a new, millions of baht luxury cars, filling up the elitist and glitziest shopping centers... they're are suffering badly I tell ya... 1 Link to comment Share on other sites More sharing options...
trogers Posted March 11, 2015 Share Posted March 11, 2015 Economic cycles have been with mankind since trading began. Times of depressed activities are times for restructuring with the aim to increase productivity. This means the skill of labor, cost of capital and methods of production. No one wants to rock the boat when the economy is in full swing. 1 Link to comment Share on other sites More sharing options...
ExpatOilWorker Posted March 11, 2015 Share Posted March 11, 2015 Lets see if the central bank is dropping interest rate. They are meeting today. Link to comment Share on other sites More sharing options...
NCC1701A Posted March 11, 2015 Share Posted March 11, 2015 (edited) i wonder if the endless condo and house construction around hua hin will stop or at least slow down? Edited March 11, 2015 by NCC1701A Link to comment Share on other sites More sharing options...
trogers Posted March 11, 2015 Share Posted March 11, 2015 i wonder if the endless condo and house construction around hua hin will stop or at least slow down? It will if developers have to pay taxes on completed but unsold units. 2 Link to comment Share on other sites More sharing options...
zierf1 Posted March 11, 2015 Share Posted March 11, 2015 Won't devalue so numbers will keep getting worse.. 2 Link to comment Share on other sites More sharing options...
Popular Post Utley Posted March 11, 2015 Popular Post Share Posted March 11, 2015 This is total nonsense! The PM said that the economy is his number one priority and that everyone should be happy - so don't confuse the issue with facts. 8 Link to comment Share on other sites More sharing options...
Popular Post geriatrickid Posted March 11, 2015 Popular Post Share Posted March 11, 2015 i wonder if the endless condo and house construction around hua hin will stop or at least slow down? Driving in from Cha Am one sees al those expensive projects. I just don't understand where the buyers are coming from? Many of those projects are smack dab in the middle of nowhere save for access to one very congested main road. There are scores of condos sitting empty between the raiway line and the mountain. The banks must be up to their eyeballs in potential non performing loans. The Phuket region is drowning in expensive condo projects all being promoted as great investment earners to the foreign tourists. I am so happy I never bought anything and have no investment stake. 9 Link to comment Share on other sites More sharing options...
trogers Posted March 11, 2015 Share Posted March 11, 2015 i wonder if the endless condo and house construction around hua hin will stop or at least slow down?Driving in from Cha Am one sees al those expensive projects. I just don't understand where the buyers are coming from? Many of those projects are smack dab in the middle of nowhere save for access to one very congested main road. There are scores of condos sitting empty between the raiway line and the mountain. The banks must be up to their eyeballs in potential non performing loans. The Phuket region is drowning in expensive condo projects all being promoted as great investment earners to the foreign tourists. I am so happy I never bought anything and have no investment stake. Pattaya repeating in other holiday spots Link to comment Share on other sites More sharing options...
ColdSingha Posted March 11, 2015 Share Posted March 11, 2015 seems like a perfect time to raise taxes and add some more! Link to comment Share on other sites More sharing options...
emilymat Posted March 11, 2015 Share Posted March 11, 2015 .......and the baht keeps strengthening against European currencies. Link to comment Share on other sites More sharing options...
Thailand Posted March 11, 2015 Share Posted March 11, 2015 Happiness is recession! Link to comment Share on other sites More sharing options...
chopin2 Posted March 11, 2015 Share Posted March 11, 2015 And SET is approaching all time high......champagne! Link to comment Share on other sites More sharing options...
kotsak Posted March 11, 2015 Share Posted March 11, 2015 As long as people need to unload the ill-gotten money there always be buyers. 2 Link to comment Share on other sites More sharing options...
baboon Posted March 11, 2015 Share Posted March 11, 2015 i wonder if the endless condo and house construction around hua hin will stop or at least slow down? Passed through on the train the other day. Good God,'endless' is exactly the word... Link to comment Share on other sites More sharing options...
maidee Posted March 11, 2015 Share Posted March 11, 2015 happy are the ones that can just ignore as this panic football Link to comment Share on other sites More sharing options...
Eric Loh Posted March 11, 2015 Share Posted March 11, 2015 The good General had that covered and his solution to our poor economy situation is to raise more taxes. Military men should stay as military men and not try to act as economist. Link to comment Share on other sites More sharing options...
soalbundy Posted March 11, 2015 Share Posted March 11, 2015 .......and the baht keeps strengthening against European currencies. No, the Euro is weakening against just about everything 2 Link to comment Share on other sites More sharing options...
Popular Post ExPratt Posted March 11, 2015 Popular Post Share Posted March 11, 2015 Have TAT commented on this yet , must be a silver lining somewhere ? 3 Link to comment Share on other sites More sharing options...
The manic Posted March 11, 2015 Share Posted March 11, 2015 The power elite will not suffer. Link to comment Share on other sites More sharing options...
soalbundy Posted March 11, 2015 Share Posted March 11, 2015 happy are the ones that can just ignore as this panic football Especially those on a fixed Euro income whose worth has now fallen below what is needed for a Visa extension. Link to comment Share on other sites More sharing options...
trogers Posted March 11, 2015 Share Posted March 11, 2015 happy are the ones that can just ignore as this panic footballEspecially those on a fixed Euro income whose worth has now fallen below what is needed for a Visa extension. Nahhhh...just less bar hopping for a few months to make up the shortfall... Link to comment Share on other sites More sharing options...
Thian Posted March 11, 2015 Share Posted March 11, 2015 I see pawnshops growing like mushrooms. The weird thing is that we can't look inside to see what's for sale there. Imagine we see a hi-so Thai in there selling his/her gold/I-phone or Louis Vuiton..... Link to comment Share on other sites More sharing options...
Pib Posted March 11, 2015 Share Posted March 11, 2015 i wonder if the endless condo and house construction around hua hin will stop or at least slow down? Driving in from Cha Am one sees al those expensive projects. I just don't understand where the buyers are coming from? Many of those projects are smack dab in the middle of nowhere save for access to one very congested main road. There are scores of condos sitting empty between the raiway line and the mountain. The banks must be up to their eyeballs in potential non performing loans. The Phuket region is drowning in expensive condo projects all being promoted as great investment earners to the foreign tourists. I am so happy I never bought anything and have no investment stake. Still plenty past expensive and no so expensive projects from years gone by (like the late 90's financial crisis in Thailand) scattered across the country. Many times during a financial downturn construction projects turn into expensive, partially completed birdhouses. Link to comment Share on other sites More sharing options...
chainarong Posted March 11, 2015 Share Posted March 11, 2015 <script type='text/javascript'>window.mod_pagespeed_start = Number(new Date());</script> Have TAT commented on this yet , must be a silver lining somewhere ? There will be a comment shortly either from TAT the Government Bank or KBank and possibly Prayut h - O Link to comment Share on other sites More sharing options...
Anon999 Posted March 11, 2015 Share Posted March 11, 2015 In 1997 only Asia and overseas market still strong but today due to lower fuel price main oil export countries like Russia and Malaysia the value of thier money are drop nearly 50%, China GDP only 7% where few years back 9%. They are few reasons behind fuel price drop saction against Russia due to Ukaraine issue and stop IS funding which main income is from oil, the effect now feel the pitch of it around the world. One of the main reasons for the drop in oil prices is the massive fracking iin the US that has meant they are almost self sufficient in oil production. Previously they were a major importer on top of which Saudi Arabia refuses to raise the price/barrel. Link to comment Share on other sites More sharing options...
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