Thai exports rise 8.49% in April

[webfact]

Thai exports rise 8.49% in April

 

 

BANGKOK: -- The Thai National Shippers Council (TNSC) said Thai exports in April rose by 8.49% year-on-year to US$16.8 billion.

 

But for the first four months, Thai exports grew 5.69% from a year earlier.

 

It is expected to grow by 3.5% in 2017 on the back of a 25% increase in global oil prices.

 

Contributing factors on the growth were attributed to the Thai economic conditions which showed steady expansion in April.

 

The economic expansion reflected a growth in exports and private consumption, an increase in income among farmers, and higher number of foreign tourists arriving in Thailand.

 

Source: http://englishnews.thaipbs.or.th/thai-exports-rise-8-49-april/

 

-- © Copyright Thai PBS 2017-05-30

[11223344]

IF the Thai economy, tourism, and overall greatness  grows so fast, why is still 10+ million of the population in poverty?

[johng]

IF the Thai economy, tourism, and overall greatness  grows so fast, why is still 10+ million of the population in poverty?

Because the less than 1 % like to keep 99% of the country's wealth for themself.

[simoh1490]

19 minutes ago, 11223344 said:

IF the Thai economy, tourism, and overall greatness  grows so fast, why is still 10+ million of the population in poverty?

Define poverty in Thailand, the 10+ million you're referring to..

[johng]

Define poverty in Thailand,

Earning less than 300 baht per day ?
Its enough to eat...but won't pay for the Mercedes,nanny and gardeners.

[simoh1490]

19 minutes ago, johng said:

 

Earning less than 300 baht per day ?
Its enough to eat...but won't pay for the Mercedes,nanny and gardeners.

The average wage in Thailand is circa 13,500 baht per month, less than 300 baht per day is only circa 7,200 per month. If there were in fact 10+ million people in the country earning at under 7,200 baht per month, the national average would almost certainly be much lower. People of working age total 38 million, about half of the population and you think a quarter of them are in poverty, I don't think so: http://www.reuters.com/article/thailand-population-idUSL3N14Z1PC

[oxo1947]

1 hour ago, 11223344 said:

IF the Thai economy, tourism, and overall greatness  grows so fast, why is still 10+ million of the population in poverty?

I dont know --but they probably still have a ways to go before they can catch your country.................. (unless your Swiss)

 

USA     54 million in Poverty

UK-- The overall poverty rate rose between 2013 and 2014 from 15.9 per cent of the population to 16.8 per cent.

Australia- 12.5% of all people, including 575,000 children (17.3% of all children), lived in households below the  poverty line

N.Z.... A third of New Zealand children, now live below the poverty line – 45,000 more than a year ago.

France-- Over 14 percent of the French live below poverty line

 

http://www.huffingtonpost.com/2014/09/16/poverty-household-income_n_5828974.html

The rest from Google

[johng]

Ok 13,500 is still only 450 baht per day
And what do the other half of the population live on government hand outs ?

[simoh1490]

8 minutes ago, johng said:

Ok 13,500 is still only 450 baht per day
And what do the other half of the population live on government hand outs ?

I don't understand your question, 13,500 is the national average.......what other half?

 

BTW few Thais work 30 days every month, most get at least one day off per week so figure 13,500/25=540 day.

[johng]

I don't understand your question, 13,500 is the national average.......what other half?

The other half of the population that dont work....where do they get the money to live from ...is it from the government or from the 38 million "workers" ?

[Orton Rd]

5 hours ago, 11223344 said:

IF the Thai economy, tourism, and overall greatness  grows so fast, why is still 10+ million of the population in poverty?

It has the 2nd largest wealth disparity in the world after Russia and about the same as India. I think it's half a percent of the population own over 50% of the wealth

[simoh1490]

1 minute ago, johng said:

 

The other half of the population that dont work....where do they get the money to live from ...is it from the government or from the 38 million "workers" ?

Every country has a part of their population that is considered to be the workforce, typically it's between 50 and 75% of the population, the remainder being children under working age, retirees, sick and incapacitated etc etc......unemployment statistics are based on the workforce, not on the entire population. The element that is not the workforce is either dependent on others or are self sufficient, very few, apart perhaps from governement pensioners will be reliant on governement for income. The element that is self sufficient in Thailand is likely to be quite large, these are people who grow/raise much of their own food, own their own land and homes and do small amounts of work from time to time to earn money, those people are probably not part of the workforce but are instead spouses of workforce members or retirees etc.

[simoh1490]

10 minutes ago, Orton Rd said:

It has the 2nd largest wealth disparity in the world after Russia and about the same as India. I think it's half a percent of the population own over 50% of the wealth

That doesn't sound even remotely close to accurate, what's your source?

 

Here's the GINI index which paints Thailand in a reasonably favourable light by comparison:  https://www.indexmundi.com/facts/indicators/SI.POV.GINI/rankings

[johng]

Thailand number 73 laos 78 Iran 82 higher numbers are better ?
2012-2013- 2014 coup and 2017 ?

[johng]

The element that is self sufficient in Thailand is likely to be quite large, these are people who grow/raise much of their own food, own their own land and homes and do small amounts of work

Yes the self sufficient % is quite large......they can't afford Mercedes Benz ,employ nanny's or gardeners they have enough to eat
day to day and are supported by family members earning 13,500 ++ baht per month ....rounded up and averaged via statistical analyst !

The government provides about 500 baht a month to "ordinary"pensioners !

I would say quite a large % of Thai population is at "the poverty" level

[ExpatOilWorker]

$16.8 billion for April 2017 is not bad, but exports have been stagnant, since.....you know when.

 

April 2016 = $15.5

April 2015 = $16.9

April 2014 = $17,2

April 2013 = $17.4

April 2012 = $16.9 

April 2011 = $17.3

Edited May 30, 2017 by ExpatOilWorker

[simoh1490]

14 minutes ago, johng said:

Thailand number 73 laos 78 Iran 82 higher numbers are better ?
2012-2013- 2014 coup and 2017 ?

"a Gini index of 0 represents perfect equality, while an index of 100 implies perfect inequality".

 

 

[simoh1490]

2 minutes ago, johng said:

 

Yes the self sufficient % is quite large......they can't afford Mercedes Benz ,employ nanny's or gardeners they have enough to eat
day to day and are supported by family members earning 13,500 ++ baht per month ....rounded up and averaged via statistical analyst !

The government provides about 500 baht a month to "ordinary"pensioners !

I would say quite a large % of Thai population is at "the poverty" level

 

You might say it but it's not supported by what we know from statistical data.

[Srikcir]

8 hours ago, webfact said:

on the back of a 25% increase in global oil prices.

Unlikely - maybe a 15% increase at best but might be flat at worst.

 

Positive factors for oil price increase: growing demand and OPEC agreement to limit production

Negative factor for oil price increase: 50%+increase in USA oil production and crude oil sands project in Alberta back online

So there currently is roughly a "balance" between supply and demand that is not conducive to price increases.

http://www.cnbc.com/2017/04/05/oil-prices-fall-on-record-us-crude-stocks-rising-production.html

TNSC doesn't cite a reference for its 25% increase in global oil prices forecast.

 

[simoh1490]

8 hours ago, Srikcir said:

Unlikely - maybe a 15% increase at best but might be flat at worst.

 

Positive factors for oil price increase: growing demand and OPEC agreement to limit production

Negative factor for oil price increase: 50%+increase in USA oil production and crude oil sands project in Alberta back online

So there currently is roughly a "balance" between supply and demand that is not conducive to price increases.

http://www.cnbc.com/2017/04/05/oil-prices-fall-on-record-us-crude-stocks-rising-production.html

TNSC doesn't cite a reference for its 25% increase in global oil prices forecast.

 

Oil fell to just over USD 27 per barrel in January 2016, it is now priced at over USD 50 per barrel.http://www.bbc.com/news/business-35245133

[wakeupplease]

15 hours ago, simoh1490 said:

I don't understand your question, 13,500 is the national average.......what other half?

 

BTW few Thais work 30 days every month, most get at least one day off per week so figure 13,500/25=540 day.

My wife worked a whole month at night for 12000

 

Tonight she will earn that and more in one shift doing the same job, but not in LOL

[maewang99]

how can anyone expect a simple answer to this? if you insist, then take a specific example. one of Thailand's biggest growing exports, it has doubled in the last 2 years. would make a good investment. but for that you have to know about it... and not everything is in the newspaper.... does anyone know what one of the products is? not most folks..... and you need extra funds to invest...... that's also a key thing eh?.... but knowing is the biggest part.... example, HS code 87089510 and 87089590, the data month by month to the last Baht is available for free on the Thai Customs website [for those who don't know this]. but you have one, and it has been in the news lately as well, globally. vehicle airbags.

 

and if it is in a newspaper... it's not one with a picture of a pretty girl in a bikini on the first page and pictures of car crashes.
 

who gets the money earned from that particular export product? the workers? no. and the profits are taxed? not really. it's taxed, but it is refunded. and a good portion of it goes to an offshore entity because the technology and management are not Thai. why? just like with a web site, you can code it up, even with a high level language toolset... unless you have access to, can read, and then understand, the technical data and methods involved in making it. and that basically means being able to quickly read stuff from a book.

 

in the case of my example it involves high technology..... American and Japanese, basically. the original guys (nylon 6,6).

that's a simple answer.

and.... the reason we keep talking about "education reform" over and over again... and never doing anything about it.  just like Climate Change huh?

   



 

 

        

Edited May 30, 2017 by maewang99

[simoh1490]

3 minutes ago, maewang99 said:

how can anyone expect a simple answer to this? if you insist, then take a specific example. one of Thailand's biggest growing exports, it has doubled in the last 2 years. would make a good investment. does anyone know what one of the products is? not most folks. I'll give you one. HS code 87089510 and 87089590, the data month by month to the last Baht is available for free on the Thai Customs website [for those who don't know this].

who gets the money earned from that particular export product? the workers? no. and the profits are taxed? not really. it's taxed, but it is refunded. and a good portion of it goes to an offshore entity because the technology and management are not Thai. why? just like with a web site, you can code it up, even with a high level language toolset... unless you have access to, can read, and then understand, the technical data and methods involved in making it. and that basically means being able to quickly read stuff from a book.

 

in the case of my example the technology is American and Japanese. both those two things are also stories if you insist on a simple explanation in turn for those as well. 

so that's as simple as the answer ever gets. if you insist.

and it is simple, looked at this way.  and it's the reason we keep talking about "education reform" over and over again... and never doing anything about it.  just like Climate Change huh?

   



 

 

        

How is this different from say Google and others in the UK (and others) earning X and paying tax on X - 99%, meanwhile UK governement announcing GDP or exports have increased? It seems to me that is a characteristic of business in any country in this day and age.

[maewang99]

if you are not literate, and most all the folks you know are the same, and the folks they know as well..... 

 

in today's world....

you are gonna have a tough time.. unless you are born into money.

 

simple.

[maewang99]

Intuitive Surgical....... and Amazon...... crossed $1,000 a share.

what are they?

technology.

what do you need to do technology. the simple answer?

well, you gotta start with literacy. without that, you ain't getting nowhere.

 

 

[simoh1490]

5 minutes ago, maewang99 said:

Intuitive Surgical....... and Amazon...... crossed $1,000 a share.

what are they?

technology.

what do you need to do technology. the simple answer?

well, you gotta start with literacy. without that, you ain't getting nowhere.

 

 

Much higher in Thailand than many other countries: https://en.wikipedia.org/wiki/List_of_countries_by_literacy_rate

 

Only one country out of 196 can have a citizen that created an Amazon, the other 195 are what, populations that are not literate, I don't think so.

[maewang99]

to build even a simple website....

you need to read tons of technical manuals.....

even if the answer is on page 589.....

because unless you read all of them..... you don't know for your particular thing that such and such..... is on page 589.. half way down the page .... and that requires a person to be able to do a lot of reading... quickly..... and without taking an alcohol or extra long lunch with a nap... until you are done... and most of that stuff has to be translated into Bangkok Thai.... and even when it is it doesn't make it any easier if there ain't anyone reading it.

for investing... tons of boring information and details... same same. same thing Buffet does.
  same thing Gates does.

    Elon Musk.

      and the Guy Who Knew Storage Costs Came Way Way Down.... at the same time he was a freshman in college and didn't already get stuck in a career [ exact same college and exact same thing as Bill Gates who is what.. one of the richest folks? ever in history? ]..... Marc Zuckerberg... also an avid book reader... and language guy... but not the Thai language... and 'invented' Facebook.

all of them.

but not for real estate. that you don't need to be literate for.... if the population is booming. if.

 
   

Edited May 31, 2017 by maewang99

[ExpatOilWorker]

49 minutes ago, maewang99 said:

to build even a simple website....

you need to read tons of technical manuals.....

even if the answer is on page 589.....

because unless you read all of them..... you don't know for your particular thing that such and such..... is on page 589.. half way down the page .... and that requires a person to be able to do a lot of reading... quickly..... and without taking an alcohol or extra long lunch with a nap... until you are done... and most of that stuff has to be translated into Bangkok Thai.... and even when it is it doesn't make it any easier if there ain't anyone reading it.

for investing... tons of boring information and details... same same. same thing Buffet does.
  same thing Gates does.

    Elon Musk.

      and the Guy Who Knew Storage Costs Came Way Way Down.... at the same time he was a freshman in college and didn't already get stuck in a career [ exact same college and exact same thing as Bill Gates who is what.. one of the richest folks? ever in history? ]..... Marc Zuckerberg... also an avid book reader... and language guy... but not the Thai language... and 'invented' Facebook.

all of them.

but not for real estate. that you don't need to be literate for.... if the population is booming. if.

 
   

 

That sound like the road the Chinese lemmings are heading down.

[Retiredandhappyhere]

21 hours ago, simoh1490 said:

The average wage in Thailand is circa 13,500 baht per month, less than 300 baht per day is only circa 7,200 per month. If there were in fact 10+ million people in the country earning at under 7,200 baht per month, the national average would almost certainly be much lower. People of working age total 38 million, about half of the population and you think a quarter of them are in poverty, I don't think so: http://www.reuters.com/article/thailand-population-idUSL3N14Z1PC

Do you think he meant 10 million of the working population of 38 million people were living in poverty?    How about 10 million of the Thai population of around 67 million, which would then include millions of old folk and young kids who are living in poverty by almost anyone's standards. 

[simoh1490]

34 minutes ago, Retiredandhappyhere said:

Do you think he meant 10 million of the working population of 38 million people were living in poverty?    How about 10 million of the Thai population of around 67 million, which would then include millions of old folk and young kids who are living in poverty by almost anyone's standards. 

Post number 5 clearly stated people earning 300 baht a day or less, ergo he refers to the working population. But yes, I can easily buy 10 million out of 68 million.