Huge capital inflows expected as election looms

[webfact]

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

[Thailand]

Spilt my coffee again!

[PatOngo]

The spin doctors are delusional.

[jamesbrock]

11 minutes ago, webfact said:

The company said from now until mid 2016 there would be

 

Mid-2016 has been and gone...

[Reigntax]

7 minutes ago, jamesbrock said:

 

Mid-2016 has been and gone...

 

Yes. Predicting the past and still get it wrong.

[jamesbrock]

Just now, Reigntax said:

Yes. Predicting the past and still get it wrong.

 

Spurted coffee from my nose! 

[digibum]

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.  

 

 

 

 

 

[ezzra]

"  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....

[Sphere]

Quote

Huge capital inflows expected as election looms

 

Is it still 500 baht per vote?

[baboon]

What election would that be?

[gandalf12]

1 hour ago, Reigntax said:

 

Yes. Predicting the past and still get it wrong.

But they are consistent.

[worgeordie]

Will be a believer when both things happen,

until then will be happily sceptical.

regards worgeordie

[gandalf12]

They have not even given a date for the "election" so speculation on it with respect to inflow of investments is ridiculous

[Pib]

31 minutes ago, baboon said:

What election would that be?

The one that is always next year.

[Pib]

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. 

[shirtless]

I dont think it will change western moneys  view on all the risks investing in Thailand poses ,  

[Bender]

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.

[adhd]

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 ?

 

 

[Emster23]

"....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.  

[williamgeorgeallen]

foreign investment down 90% so far this year. did they predict wrong? why are they reporting they predicted it wrong. confusing.

[bark]

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.

[MZurf]

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.

[Reigntax]

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.

[Winniedapu]

Micawber management; - hourly expecting something to turn up...

 

Winnie

[xineohp]

The logic used to make this prediction is completly illogical.  

[gandalf12]

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.

[robblok]

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.