Poll delay ‘hurts image’

[webfact]

Poll delay ‘hurts image’
By KASAMAKORN CHANWANPEN, SUPALAK GANJANAKHUNDEE 
THE NATION

 

ANALYSTS PREDICT LOSS OF CONFIDENCE IN PRAYUT DUE TO CHANGING POSITION

 

BANGKOK: -- WHILE MOST Thai analysts expect no major impact from the junta’s decision to delay the general election, international scholars have warned that foreign investors might lose confidence in the regime as Prime Minister Prayut Chan-o-cha, head of the National Council for Peace and Order (NCPO), often failed to keep his word.

 

“The postponement of the general election will certainly have a negative impact on international confidence in the Prayut administration,” said Yasuhito Asami of the Department of Global Politics at Hosei University in Tokyo.

 

Foreign investors have different views on whether holding the general election at the end of this year or next year will have a positive or negative influence on the Thai economy in the short term, Asami added. Regardless, many of them will consider the Prayut administration untrustworthy, he said.

 

Full story: http://www.nationmultimedia.com/news/national/30303715

 

-- © Copyright The Nation 2017-01-09

[Thechook]

I thought foreign investors had great confidence in the military regime and we're clambering over each other to dump their money in Thailand, well that's the propaganda that is fed to the people.  Now we hear from  a foreigner that foreign investors have a different view to Prayuth and his circus.  I think Prayuth should stop speaking on behalf of others.

[Somtamnication]

The problem with Thailand's image is that the mirror is broken. Nothing to see. 

[HiSoLowSoNoSo]

Who in their right mind would invest in Thailand now after the Australian Goldmine and the Fox's Bangkok Bank guarantee debacle? 

[PatOngo]

Poll delay ‘hurts image’

............replace 'hurts' with 'confirms'!

[waldroj]

"...Prayut Chan-o-cha..often failed to keep his word...". 

 

But, he assures us that it's done with good intentions, and to make all Thais happy.  

 

He's got more front than a rat with a gold tooth !!! 

 

 

[klauskunkel]

Quote

Poll delay ‘hurts image’

Aww, the image is in pain again..., just put another band-aid on the booboo and everything will be alright.

[mtls2005]

Just apply more lipstick.

[robblok]

Quite possible that this damages the image, not that it matters much I think many foreign investors are not going to invest before they have seen an election. There will be some time to pass after an election before foreign companies will invest again in Thailand to see if things are stable or not. 

 

I doubt many would invest right now.. far more likely they wait a bit.

[SOUTHERNSTAR]

2 hours ago, HiSoLowSoNoSo said:

Who in their right mind would invest in Thailand now after the Australian Goldmine and the Fox's Bangkok Bank guarantee debacle? 

Both have legal recourse. Like in any other country these companies can go to court to get compensated. It happens daily in the rest of the world. The Keystone pipeline is good example of government intervention in the US.

[derator01]

An post violating forum rules has been removed from view.  Please, abide by forum rules and show respect to other members.

[yellowboat]

Not sure how you can beat usurping power from an elected government and make sure the Thai public have no say as to how the new government is formed.  Hard to imagine what sort of distorted, delusional image they think they have at this point. 

[yellowboat]

16 minutes ago, robblok said:

Quite possible that this damages the image, not that it matters much I think many foreign investors are not going to invest before they have seen an election. There will be some time to pass after an election before foreign companies will invest again in Thailand to see if things are stable or not. 

 

I doubt many would invest right now.. far more likely they wait a bit.

Yeah, like a decade. 

[robblok]

Just now, yellowboat said:

Yeah, like a decade. 

I don't think the investment will come the moment a new government takes power. I think it will be a while after that. (no idea how long) But I am sure some companies want to really see how it goes.

 

But the only time i seen a government interfere was with the gold mine and IMHO it was a good call. (though its debatable but I like how they sided with the people). I don't think that governments in general put many restrictions on foreign companies (not more as the usual here)

[connda]

I personally believe that the instability caused by various factions in Thailand donning their favorite colored shirt and taking to the streets caused far more problems for businesses than a delay in 'democratic' elections ever will.  The junta brought stability with them.  And that stability reduces risks for business and corporations. 
But then everyone whinges about 'democracy.'  Democracy is an oversold illusion at best.  Look at the EU.  The European Commission isn't a 'democracy.'  It's a dictatorship as the unelected members 'dictate' law.
An what about EU 'leaders?'  Democratically elected?

• Mario Draghi: The unelected President of the European Central Bank and a Goldman Sachs alumnus
• Jean-Claude Juncker: The unelected president of the European Commission, and former Prime Minister of Luxembourg.
• Jeroen Dijsselbloem: The unelected Brussels Commissar and “President of the Eurogroup”, and former Minister of Finance of the Netherlands.
• Donald Tusk: The unelected “President of the Euro Summit”, and former Prime Minister of Poland.
• Martin Schulz: The unelected President of the European Parliament, and former Mayor of Würselen.

So, what's the difference?  I doubt that any company with headquarters located in the EU and businesses in Thailand are going to be concerned with an unelected government running the show.  But 'mobs' regularly rioting throughout the country?  The junta stopped that nonsense.  So I disagree with the Op-ed and the sources they quoted.  They have a pretty weak understanding of governance at a global level.  Imho, of course. 

[jerojero]

I thought foreign investors had great confidence in the military regime and we're clambering over each other to dump their money in Thailand, well that's the propaganda that is fed to the people.  Now we hear from  a foreigner that foreign investors have a different view to Prayuth and his circus.  I think Prayuth should stop speaking on behalf of others.

Well, Cargill seems to have jumped on the junta bandwagon. 120 billion $US sales world wide.(Private owned, US family). Has announced 50 $million additional investment to double their chicken processing plant in Korat! That's 1.75billion Baht investment !

[baboon]

1 hour ago, connda said:

I personally believe that the instability caused by various factions in Thailand donning their favorite colored shirt and taking to the streets caused far more problems for businesses than a delay in 'democratic' elections ever will.  The junta brought stability with them.  And that stability reduces risks for business and corporations. 
But then everyone whinges about 'democracy.'  Democracy is an oversold illusion at best.  Look at the EU.  The European Commission isn't a 'democracy.'  It's a dictatorship as the unelected members 'dictate' law.
An what about EU 'leaders?'  Democratically elected?

• Mario Draghi: The unelected President of the European Central Bank and a Goldman Sachs alumnus
• Jean-Claude Juncker: The unelected president of the European Commission, and former Prime Minister of Luxembourg.
• Jeroen Dijsselbloem: The unelected Brussels Commissar and “President of the Eurogroup”, and former Minister of Finance of the Netherlands.
• Donald Tusk: The unelected “President of the Euro Summit”, and former Prime Minister of Poland.
• Martin Schulz: The unelected President of the European Parliament, and former Mayor of Würselen.

So, what's the difference?  I doubt that any company with headquarters located in the EU and businesses in Thailand are going to be concerned with an unelected government running the show.  But 'mobs' regularly rioting throughout the country?  The junta stopped that nonsense.  So I disagree with the Op-ed and the sources they quoted.  They have a pretty weak understanding of governance at a global level.  Imho, of course. 

When were there mobs regularly rioting throughout Thailand?

[ammagic]

The mobs were all organized by we know who

[onthesoi]

14 hours ago, Thechook said:

  Now we hear from  a foreigner that foreign investors have a different view to Prayuth and his circus.  I think Prayuth should stop speaking on behalf of others.

 

The foreigner is also speaking on behalf of others...

[debate101]

The attitude is all wrong. Don't hold elections for the country's "image" or to fool foreign countries into believing your people aren't being suppressed. Hold them out of love for your country and respect for your fellow Thais who, as stakeholders in the country's success, have every right that you do to help determine its future. What a dream, huh?

[debate101]

1 hour ago, connda said:

Mobs and stability

 

 

A big reason color-coded Thais couldn't resolve their differences through peaceful dialog is that they are living in different realities. This scism is artificially reinforced through laws that prevent one side from even being able to state their political case (their perception of Thailand's reality) without being censored, thrown in jail, and silenced.

 

The competing mob phenomenon started in earnest with the instability, not stability, fomented by the 2006 coup and subsequent heavy-handed enforcement of these laws. Repressing close to half your population is not a long-term strategy for stability. That's the unstated concern when investors worry about the elections being delayed again and again. Most corporations couldn't care less about democracy and fairness, but they know a ticking time bomb when they see one.

[Dah fahrang]

3 hours ago, ammagic said:

The mobs were all organized by we know who

And who might that be?

What colour of the particular day would they have been wearing?

[HiSoLowSoNoSo]

20 hours ago, SOUTHERNSTAR said:

Both have legal recourse. Like in any other country these companies can go to court to get compensated. It happens daily in the rest of the world. The Keystone pipeline is good example of government intervention in the US.

Correct, but the Thai justice system is not exactly transparent. What are the chances that Fox would win against Bangkok Bank in a Thai court even if they are right?

[SOUTHERNSTAR]

2 hours ago, HiSoLowSoNoSo said:

Correct, but the Thai justice system is not exactly transparent. What are the chances that Fox would win against Bangkok Bank in a Thai court even if they are right?

These companies can start procedings in their home countries if they fail inside Thailand. Much the same as what bond holders did to the Argentine government after they defaulted on their debt.