webfact Posted September 1, 2016 Share Posted September 1, 2016 Huge capital inflows expected as election looms BANGKOK, 2 September 2016 (NNT) - Kasikorn Securities Public Company Limited has predicted that capital inflows totaling more than 100 billion baht will come to Thailand since the country is officially heading to a general election. The company said from now until mid 2016 there would be more mega projects totaling more than 500 billion baht. These projects will help increase confidence of the private sector as well as consumers, resulting in higher spending. The mega projects have been scheduled to begin construction in the second quarter next year. However, Chairman of the Federation of Thai Industries Issara Wongkusolkit warned that the capital inflows might incraese foreign exchange risks. He therefore suggested entrepreneurs prepare themselves for the situation with the use of exchange rate insurance. -- nnt 2016-09-02 Link to comment Share on other sites More sharing options...
Thailand Posted September 1, 2016 Share Posted September 1, 2016 Spilt my coffee again! Link to comment Share on other sites More sharing options...
PatOngo Posted September 1, 2016 Share Posted September 1, 2016 The spin doctors are delusional. Link to comment Share on other sites More sharing options...
jamesbrock Posted September 1, 2016 Share Posted September 1, 2016 11 minutes ago, webfact said: The company said from now until mid 2016 there would be Mid-2016 has been and gone... Link to comment Share on other sites More sharing options...
Reigntax Posted September 1, 2016 Share Posted September 1, 2016 7 minutes ago, jamesbrock said: Mid-2016 has been and gone... Yes. Predicting the past and still get it wrong. Link to comment Share on other sites More sharing options...
jamesbrock Posted September 1, 2016 Share Posted September 1, 2016 Just now, Reigntax said: Yes. Predicting the past and still get it wrong. Spurted coffee from my nose! Link to comment Share on other sites More sharing options...
digibum Posted September 2, 2016 Share Posted September 2, 2016 30 minutes ago, jamesbrock said: Mid-2016 has been and gone... You obviously don't understand how the Thai system works. All announcements are created from Mad Libs (in Thailand they're called Thai Libs). Here is a sample. [NAME OF COMPANY OR GOVERNMENT AGENCY] expects [INSERT WILDEST DREAM] to occur within [INSERT TIMEFRAME HERE] due to [INSERT ANYTHING HERE]. It's really a fun game. For instance: Tourism and Sports Ministry Quadrupling of tourist arrivals End of the month Pokemon Fever The Tourism and Sports Ministry expects a quadrupling of tourist arrivals to occur within a month due to Pokemon Fever. They thing that makes this addictive is that they use the word "expects" instead of "forecasts" or "predicts" which eliminates the possibility of the player of the game from ever being wrong. If you expect something and it doesn't happen, you aren't wrong, your expectation simply wasn't met. If you predict or forecast and it doesn't happen, you lose face because you were wrong. Obviously someone was taking a shortcut and forgot to update the "INSERT TIMEFRAME HERE" portion from an old announcement. Link to comment Share on other sites More sharing options...
ezzra Posted September 2, 2016 Share Posted September 2, 2016 " Kasikorn Securities Public Company Limited has predicted that capital inflows totaling more than 100 billion " Predict seems to be the key word here, and we all know that predictions in Thailand are not worth the paper it's written on, where are the funds coming from and who they belong to that the bank didn't care to elaborate.... Link to comment Share on other sites More sharing options...
Sphere Posted September 2, 2016 Share Posted September 2, 2016 Quote Huge capital inflows expected as election looms Is it still 500 baht per vote? Link to comment Share on other sites More sharing options...
baboon Posted September 2, 2016 Share Posted September 2, 2016 What election would that be? Link to comment Share on other sites More sharing options...
gandalf12 Posted September 2, 2016 Share Posted September 2, 2016 1 hour ago, Reigntax said: Yes. Predicting the past and still get it wrong. But they are consistent. Link to comment Share on other sites More sharing options...
worgeordie Posted September 2, 2016 Share Posted September 2, 2016 Will be a believer when both things happen, until then will be happily sceptical. regards worgeordie Link to comment Share on other sites More sharing options...
gandalf12 Posted September 2, 2016 Share Posted September 2, 2016 They have not even given a date for the "election" so speculation on it with respect to inflow of investments is ridiculous Link to comment Share on other sites More sharing options...
Pib Posted September 2, 2016 Share Posted September 2, 2016 31 minutes ago, baboon said: What election would that be? The one that is always next year. Link to comment Share on other sites More sharing options...
Pib Posted September 2, 2016 Share Posted September 2, 2016 Good ol' National News Bureau of Thailand (mouthpiece for the govt, a part of the govt's Public Relations Department) media releases....they are always glorious. Wouldn't surprise me if they have some North Korean writers on staff as consultants on how to write articles. Link to comment Share on other sites More sharing options...
shirtless Posted September 2, 2016 Share Posted September 2, 2016 I dont think it will change western moneys view on all the risks investing in Thailand poses , Link to comment Share on other sites More sharing options...
Bender Posted September 2, 2016 Share Posted September 2, 2016 hey they are again dreaming... a friend told me the number of projects that abandonned/ suspended/cancelled are reaching a breaking point... things start to be worrisome. Link to comment Share on other sites More sharing options...
adhd Posted September 2, 2016 Share Posted September 2, 2016 so, wait ? politicians will bring in their tax evaded money to get elected again and they spend a lot of money for this mhhhhh, spend tens of millions to get elected a 100.000 baht / month paying job or is there a bigger stake you think ? Link to comment Share on other sites More sharing options...
Emster23 Posted September 2, 2016 Share Posted September 2, 2016 "....100 billion baht will come to Thailand since the country is officially heading to a general election." Right, got it. In same vein as "universe is heading towards extinction". Estimate is two trillion years. Should be able to hold at least one election before then..... "...mega projects totaling more than 500 billion baht. These projects will help increase confidence of the private sector as well as consumers, resulting in higher spending." Maybe I am old fashioned, but seems it will increase pressure to eat from public trough with little benefit to Thailand as a whole. The high speed train to Hua Hin being a prime example. My opinion building it so hiso not have to deal with riff raff on public highways to weekend getaways. Link to comment Share on other sites More sharing options...
williamgeorgeallen Posted September 2, 2016 Share Posted September 2, 2016 foreign investment down 90% so far this year. did they predict wrong? why are they reporting they predicted it wrong. confusing. Link to comment Share on other sites More sharing options...
bark Posted September 2, 2016 Share Posted September 2, 2016 2 hours ago, digibum said: You obviously don't understand how the Thai system works. All announcements are created from Mad Libs (in Thailand they're called Thai Libs). Here is a sample. [NAME OF COMPANY OR GOVERNMENT AGENCY] expects [INSERT WILDEST DREAM] to occur within [INSERT TIMEFRAME HERE] due to [INSERT ANYTHING HERE]. It's really a fun game. For instance: Tourism and Sports Ministry Quadrupling of tourist arrivals End of the month Pokemon Fever The Tourism and Sports Ministry expects a quadrupling of tourist arrivals to occur within a month due to Pokemon Fever. They thing that makes this addictive is that they use the word "expects" instead of "forecasts" or "predicts" which eliminates the possibility of the player of the game from ever being wrong. If you expect something and it doesn't happen, you aren't wrong, your expectation simply wasn't met. If you predict or forecast and it doesn't happen, you lose face because you were wrong. Obviously someone was taking a shortcut and forgot to update the "INSERT TIMEFRAME HERE" portion from an old announcement. Please do not use capital letters. The yelling hurts my ears. Link to comment Share on other sites More sharing options...
MZurf Posted September 2, 2016 Share Posted September 2, 2016 2 hours ago, Sphere said: Is it still 500 baht per vote? Don't think so since the system has been thoroughly rigged by the junta so that winning an election doesn't mean squat anymore. Link to comment Share on other sites More sharing options...
Reigntax Posted September 2, 2016 Share Posted September 2, 2016 2 hours ago, Pib said: The one that is always next year. Only because in Thailand time has stood still for so long that even tomorrow never comes, unless she is expecting a well off client in which case tomorrow usually comes too soon. As for next year, thats decades away. Link to comment Share on other sites More sharing options...
Winniedapu Posted September 2, 2016 Share Posted September 2, 2016 Micawber management; - hourly expecting something to turn up... Winnie Link to comment Share on other sites More sharing options...
xineohp Posted September 2, 2016 Share Posted September 2, 2016 The logic used to make this prediction is completly illogical. Link to comment Share on other sites More sharing options...
gandalf12 Posted September 2, 2016 Share Posted September 2, 2016 2 hours ago, williamgeorgeallen said: foreign investment down 90% so far this year. did they predict wrong? why are they reporting they predicted it wrong. confusing. Surely you realise that predictions, at least the ones they want to be positive, never ever go down. Link to comment Share on other sites More sharing options...
robblok Posted September 2, 2016 Share Posted September 2, 2016 2 hours ago, MZurf said: Don't think so since the system has been thoroughly rigged by the junta so that winning an election doesn't mean squat anymore. You mean in a way its harder to recover the money invested (bribing voters) into elections by way of fraud. If so then well done junta. Whoever is in power will have to be real careful as there are many more organisations checking them and tougher Laws in place to make sure corruption is less among politicians. Next stop is the army.. but this is a start. Link to comment Share on other sites More sharing options...
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