Foreign owned business closings ... worse than ever?

[ExpatOilWorker]

Things are not really looking that good for Thailand Scott.

http://www.tradingeconomics.com/thailand/exports

things can never look good in ANY country until the following issue is resolved

http://www.nationaldebtclocks.org/

Thailand'd national debt is actually very low at only 36% of GDP.

http://www.nationaldebtclocks.org/debtclock/thailand

[Asiantravel]

Things are not really looking that good for Thailand Scott.

http://www.tradingeconomics.com/thailand/exports

things can never look good in ANY country until the following issue is resolved

http://www.nationaldebtclocks.org/

Thailand'd national debt is actually very low at only 36% of GDP.

http://www.nationaldebtclocks.org/debtclock/thailand

but Thailand is one of two countries with the highest household debt in the region

" If debt becomes unsustainable and households deleverage, consumer spending will choke, consumer confidence will wane and positive momentum will slow — a perfect recipe to squeeze economic growth.

Asian property markets — which have been on household debt steroids since 2008 — could be the first to burst "

http://www.ft.com/intl/cms/s/3/95c763e6-ca9c-11e5-a8ef-ea66e967dd44.html#axzz4BpJwv3Gf

[NanLaew]

Don't forget Singapore. The lady I know works at a go go that caters to Asian men and is doing fine. I'm sure you know what they call these places google will answer your questions.

I seriously doubt we have Singaporeans popping up to Pattaya to slum it in the WS go go bars. The selection in Geylang is probably a much better match for their desires.

I believe the cash back scheme was the largest incentive for auto purchases and that stopped two years ago and car purchases by Thais are down, If the middle class is growing as you suggest that means the economy is doing well.

If no one was in the discos they would be closed and they are not. If you know Pattaya you know that marginal businesses close in the low season rather than stay open and lose more money.

Just out of curiosity why would a bad driver clog the street more than a good driver. A car is a car?

I don't know. Maybe something to do with just stopping, double-parking and triple parking with the hazard flashers on while the slip inside their favorite noodle shop? Or being unable to park closer than a meter from the kerb at the best of times.

[ExpatOilWorker]

Things are not really looking that good for Thailand Scott.

http://www.tradingeconomics.com/thailand/exports

things can never look good in ANY country until the following issue is resolved

http://www.nationaldebtclocks.org/

Thailand'd national debt is actually very low at only 36% of GDP.

http://www.nationaldebtclocks.org/debtclock/thailand

but Thailand is one of two countries with the highest household debt in the region

" If debt becomes unsustainable and households deleverage, consumer spending will choke, consumer confidence will wane and positive momentum will slow — a perfect recipe to squeeze economic growth.

Asian property markets — which have been on household debt steroids since 2008 — could be the first to burst "

http://www.ft.com/intl/cms/s/3/95c763e6-ca9c-11e5-a8ef-ea66e967dd44.html#axzz4BpJwv3Gf

True, and it cost about 500 billion baht yearly to service the 11 trillion baht debt, but so far NPL is staying relative low at 3-3.5%.

Italian banks have on average 18% NPL on their books, just for comparison.

[Scotwight]

Don't forget Singapore. The lady I know works at a go go that caters to Asian men and is doing fine. I'm sure you know what they call these places google will answer your questions.

I seriously doubt we have Singaporeans popping up to Pattaya to slum it in the WS go go bars. The selection in Geylang is probably a much better match for their desires.

I believe the cash back scheme was the largest incentive for auto purchases and that stopped two years ago and car purchases by Thais are down, If the middle class is growing as you suggest that means the economy is doing well.

If no one was in the discos they would be closed and they are not. If you know Pattaya you know that marginal businesses close in the low season rather than stay open and lose more money.

Just out of curiosity why would a bad driver clog the street more than a good driver. A car is a car?

I don't know. Maybe something to do with just stopping, double-parking and triple parking with the hazard flashers on while the slip inside their favorite noodle shop? Or being unable to park closer than a meter from the kerb at the best of times.

I've been a friend of Sammy boy in Singapore for years. And many many come to Thailand. Ask him.

[morrobay]

The 3.5% non performing loans for Thailand in post # 281 ) is suspect: Given that Spain house hold debt to GDP ratio of 67% and NPL of 18%

And Thailand has a household debt to GDP ratio of 81% then a simple proportion, HD/GDP/NPL (Spain) = HD/GDP/NPL (Thailand)

is: 67%/18% = 81%/21%

edit : Sure this is just a pure math proportion, no other variables.

Edited June 18, 2016 by morrobay

[Berty100]

The 3.5% non performing loans for Thailand in post # 281 ) is suspect: Given that Spain house hold debt to GDP ratio of 67% and NPL of 18%

And Thailand has a household debt to GDP ratio of 81% then a simple proportion, HD/GDP/NPL (Spain) = HD/GDP/NPL (Thailand)

is: 67%/18% = 81%/21%

I don't know the exact answer to your comment, but it has to do with how the loan guarantees are accounted for here in Thailand.

That is also the reason why the banks here sit, and hold on to it, of massive amount of confiscated properties. In Thailand they are considered bank assets, where in the western world they are liabilities.

[morrobay]

The 3.5% non performing loans for Thailand in post # 281 ) is suspect: Given that Spain house hold debt to GDP ratio of 67% and NPL of 18%

And Thailand has a household debt to GDP ratio of 81% then a simple proportion, HD/GDP/NPL (Spain) = HD/GDP/NPL (Thailand)

is: 67%/18% = 81%/21%

I don't know the exact answer to your comment, but it has to do with how the loan guarantees are accounted for here in Thailand.

That is also the reason why the banks here sit, and hold on to it, of massive amount of confiscated properties. In Thailand they are considered bank assets, where in the western world they are liabilities.

Maybe the new property tax in Thailand will change assets to liabilities.

[ExpatOilWorker]

The 3.5% non performing loans for Thailand in post # 281 ) is suspect: Given that Spain house hold debt to GDP ratio of 67% and NPL of 18%

And Thailand has a household debt to GDP ratio of 81% then a simple proportion, HD/GDP/NPL (Spain) = HD/GDP/NPL (Thailand)

is: 67%/18% = 81%/21%

edit : Sure this is just a pure math proportion, no other variables.

I agree the 3.5% NPL number is somewhat artificial, in the sense that is does not include loans that have not been serviced for less than 90 days and that banks can hold on to foreclosed property and keep a nominal value on their books pretty much forever.

The true number is still most likely only a few % points above the official number.

[Asiantravel]

The 3.5% non performing loans for Thailand in post # 281 ) is suspect: Given that Spain house hold debt to GDP ratio of 67% and NPL of 18%

And Thailand has a household debt to GDP ratio of 81% then a simple proportion, HD/GDP/NPL (Spain) = HD/GDP/NPL (Thailand)

is: 67%/18% = 81%/21%

I don't know the exact answer to your comment, but it has to do with how the loan guarantees are accounted for here in Thailand.

That is also the reason why the banks here sit, and hold on to it, of massive amount of confiscated properties. In Thailand they are considered bank assets, where in the western world they are liabilities.

Yeah well have you seen the real estate valuation " methodology " they use here in Thailand? I guess it's an improvement on what used to happen here before 1997 when they were forced to get their act together- but not by much! Just to give you one example. in the absence of rock solid sales evidence being available (which a real estate appraiser in USA would consider essential to be able to come up with a meaningful figure) the so-called valuers here conduct a mock negotiation on various properties (never divulging who they are what they are actually doing) to determine what figure the seller would finally agree to. No court in Australia UK or USA would ever accept that kind of conduct from an expert witness valuer as being appropriate methodology. And very many valuations are based on this Alice in Wonderland way at arriving at " market value ".

[Rimmer]

An off topic troll post has been removed.

Don't like the topic then move on to another but DO NOT leave your vitriolic troll comments on here