webfact Posted October 24, 2016 Share Posted October 24, 2016 Foreign traders have ‘faith in government economic policies’ By PETCHANET PRATRUANGKRAI THE NATION Potential buyers shop for old coins and commemorative banknotes at a roadside stall in the Thewes area recently. People were particularly interested in old coins and banknotes picturing the face of His Majesty the King. BANGKOK: -- INTERNATIONAL traders doing business with Thailand are confident they will continue to do |so because they have faith in the country’s economy despite this period of great national mourning over the King’s death, according to reports from Thai trade officials overseas. Supapat Ongsangkoon, deputy director-general of the International Trade Promotion Department, said Thai trade |representatives in more than |60 overseas offices had reported that foreign traders’ belief in the country had not waned as they were confident in the government’s strategiesto drive economic growth. Commerce Minister Apiradi Tantraporn has told Thai trade counsellors overseas to assure trading partners that it is business as usual, which also applied to upcoming international trade fairs that the Kingdom would host as well as other business activities, with events going ahead as scheduled. Full story: http://www.nationmultimedia.com/news/business/macroeconomics/30298301 -- © Copyright The Nation 2016-10-25 Link to comment Share on other sites More sharing options...
Thechook Posted October 24, 2016 Share Posted October 24, 2016 This junta is world renowned for making statements on behalf of others but they never actually release an actual statement from the others to back it up. Just more propoganda lies from the military. Link to comment Share on other sites More sharing options...
NongKhaiKid Posted October 24, 2016 Share Posted October 24, 2016 (edited) Trade reps in overseas countries are not going to send negative reports back to the Commerce Ministry because they know that's not what the junta wants to hear and there's always the possibility of ' kill the messenger ' being applied, well kill the messenger's career anyway. Edited October 24, 2016 by NongKhaiKid Link to comment Share on other sites More sharing options...
Brer Fox Posted October 24, 2016 Share Posted October 24, 2016 So trading in old coins and bank notes is a big part of the Thai economy and the opinions of these traders is to be highly valued? Seriously I hope that they can get back some of the foreign investment that fled late in 2014 when the military took over but things are not looking too encouraging when foreign business approvals are still in serious decline. Sovereign risk and security of investment in Thailand are stumbling blocks to serious investment likewise low productivity. Vietnam, Myanmar and Cambodia are the countries which are drawing foreign investors. Thai investors are also going to these countries and that is a sure sign that things are not too good at home. Link to comment Share on other sites More sharing options...
NongKhaiKid Posted October 24, 2016 Share Posted October 24, 2016 (edited) 1 hour ago, Thechook said: This junta is world renowned for making statements on behalf of others but they never actually release an actual statement from the others to back it up. Just more propoganda lies from the military. The BBC are doing a report today on the effect the mourning period is having on traders who sell to tourists so, surprise, surprise, TRUE Visions are killing the broadcast. I actually saw the full report earlier on, possibly the KILL button operator was sleeping, and it features an interview with the lovely Minister of Tourism who assures all is well but now even she's being censored. Love It ! Edited October 24, 2016 by NongKhaiKid Link to comment Share on other sites More sharing options...
NongKhaiKid Posted October 25, 2016 Share Posted October 25, 2016 It may now be careful planning or just the whim of those in the TRUE control room but the latest coverage of the BBC report is only cutting out the part where traders are complaining about loss in revenue so the shots of all the weeping mourners and the Minister's interview are back in. No negativity allowed. Link to comment Share on other sites More sharing options...
yellowboat Posted October 25, 2016 Share Posted October 25, 2016 (edited) 1 hour ago, Brer Fox said: So trading in old coins and bank notes is a big part of the Thai economy and the opinions of these traders is to be highly valued? Seriously I hope that they can get back some of the foreign investment that fled late in 2014 when the military took over but things are not looking too encouraging when foreign business approvals are still in serious decline. Sovereign risk and security of investment in Thailand are stumbling blocks to serious investment likewise low productivity. Vietnam, Myanmar and Cambodia are the countries which are drawing foreign investors. Thai investors are also going to these countries and that is a sure sign that things are not too good at home. True, trading in collectors items are not a good reflection as to how the economy is faring. Items such as car and home sales among other goods and services are better. It will take a long time for Thailand to recoup after the coup. There will have to be an easing of some draconian laws and some real bargains to entice investors. Even without the damage the coup has done, the countries you have mentioned were poised to do better. Thailand is poised to go nowhere for a while. Thai friends ask what should I do ? Answer: Learn a second Asian language so that you are not dragged down by Thailand. Edited October 25, 2016 by yellowboat Link to comment Share on other sites More sharing options...
yellowboat Posted October 25, 2016 Share Posted October 25, 2016 (edited) 11 minutes ago, yellowboat said: Double post, sorry Edited October 25, 2016 by yellowboat Link to comment Share on other sites More sharing options...
baboon Posted October 25, 2016 Share Posted October 25, 2016 1 hour ago, NongKhaiKid said: The BBC are doing a report today on the effect the mourning period is having on traders who sell to tourists so, surprise, surprise, TRUE Visions are killing the broadcast. I actually saw the full report earlier on, possibly the KILL button operator was sleeping, and it features an interview with the lovely Minister of Tourism who assures all is well but now even she's being censored. Love It ! Sounds like they should be renamed FALSE Visions, that being the case... Link to comment Share on other sites More sharing options...
klauskunkel Posted October 25, 2016 Share Posted October 25, 2016 3 hours ago, webfact said: Foreign traders have ‘faith in government economic policies’ says the government Link to comment Share on other sites More sharing options...
Canceraid Posted October 25, 2016 Share Posted October 25, 2016 "Jing Jing?".......lol! .......Hub of lies and propaganda! Link to comment Share on other sites More sharing options...
SOTIRIOS Posted October 25, 2016 Share Posted October 25, 2016 ....because.....'they'.......said so....... ...oh...okay....... ...hearsay is not journalism..... Link to comment Share on other sites More sharing options...
digibum Posted October 25, 2016 Share Posted October 25, 2016 Representatives for the world's leading super-models confirm that I am still the sexiest man alive. The OP and the above sentence have equal chance of being true. @Brer Fox: The foreign investment isn't coming back. The kind of foreign investment Thailand needs is not the kind of foreign investment that switches flows quickly. The sad part is that Thailand had a virtual monopoly on foreign investment in the region. Despite all it's flaws, Thailand was the safe bet. Big corporations like safe bets. But long before the coup, foreign investment dollars started wondering if things might be better elsewhere. The decade-long political instability, unfriendly business environment, etc made them wonder if they shouldn't be at least looking elsewhere. The coup simply forced the issue. Thailand was no longer seen as the safe bet in the region. It gave everyone who had been thinking about investing elsewhere cover to go ahead and pull the trigger on those investments. Not investing in Thailand became the smart move for foreign money. Even a return to democracy isn't going to change that. Unless foreign investors are unhappy with their experiences in other countries, there's no reason to suddenly switch back to Thailand once they get things sorted out. Even the Thais are investing in Vietnam now. Thai businesses are the 11th largest foreign investor in Vietnam. They're pouring billions of USD into Vietnam. Central Group bought a big chunk of Vietnam's leading retailer. Bangkok Bank's GM said that Vietnam is one of the best places to invest in Asia. Link to comment Share on other sites More sharing options...
Caveat Emptor Posted October 25, 2016 Share Posted October 25, 2016 This truly is a land of happiness where negativity just isn't allowed. Foreign traders have total faith in the Thai economy and how the govt's handling it, the mourning period for the late King is having no effect whatsoever on tourism and on and on. Do the people who come out with theses statements actually believe them themselves, irrespective of whether they do or not I have to say they've mastered the art of delivering BS with a perfectly straight face or is it they're just natural liars ? Link to comment Share on other sites More sharing options...
KBsinter Posted October 25, 2016 Share Posted October 25, 2016 1 hour ago, Caveat Emptor said: This truly is a land of happiness where negativity just isn't allowed. Foreign traders have total faith in the Thai economy and how the govt's handling it, the mourning period for the late King is having no effect whatsoever on tourism and on and on. Do the people who come out with theses statements actually believe them themselves, irrespective of whether they do or not I have to say they've mastered the art of delivering BS with a perfectly straight face or is it they're just natural liars ? CORRECT, Your last words say it all. .........lol Link to comment Share on other sites More sharing options...
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