Thai economy

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dougness
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Thai economy

Post by dougness » December 5, 2008, 11:00 am

Hi,I have heard that the Thai economy has been stale for a couple of years now.In light of the current world financial crisis and the recent political problems in Thailand.Just how bad is the Thai economy and Udon in particular? :-k



lepidoptra
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Re: Thai economy

Post by lepidoptra » December 5, 2008, 10:03 pm

Dougness
An impossible question to answer. Everytime a government officer makes a statement about the economy we know that she or he is lying and manipulating the figures.
Less than 2 weeks ago a government minister announced that the tourist trade was blooming. That's why the hotels were only half fall. :^o
One thing I have noticed since living here is most Thais will never admit there is a problem. It's part of their culture of saving face.
I think you would get a more accurate answer by looking in a crystal ball.
As there has been very few reponses to your question is, the answer is we just don't know? :?

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parrot
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Re: Thai economy

Post by parrot » November 20, 2019, 4:30 pm

May as well resurrect an ancient thread. The chart shows per capita growth for the past 22 years (2538-2560). Northeast corridor in red, Udon in ?green?. Korat in pink and Khonkaen in yellow.
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glalt
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Re: Thai economy

Post by glalt » November 20, 2019, 9:15 pm

In all the years I have lived in the boonies of Loei province, NEVER have I seen this amount of new construction, not to mention road improvements. I often wonder where all the money is coming from.

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arjay
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Re: Thai economy

Post by arjay » November 21, 2019, 2:02 am

I read in the financial press in the UK that the Thai balance of payments is strong, i.e. exports substantially exceed imports, which is why the baht remains strong.

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AlexO
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Re: Thai economy

Post by AlexO » November 21, 2019, 3:29 am

dougness wrote:
December 5, 2008, 11:00 am
Hi,I have heard that the Thai economy has been stale for a couple of years now.In light of the current world financial crisis and the recent political problems in Thailand.Just how bad is the Thai economy and Udon in particular? :-k
What World Financial Crisis are you referring too. The last one where we had to bail out the banks or the next one. Please clarify what you mean by "recent political problems in Thailand" Just now, 5+ years after having a military coup, Thailand have a fully democratic, honest Government who only tell the people that everything is rosy and don't worry about lack of water, jobs, money etc and the increase in Indian Tourists will bring back the good old days of milk and honey.

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AlexO
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Re: Thai economy

Post by AlexO » November 21, 2019, 8:12 am

glalt wrote:
November 20, 2019, 9:15 pm
In all the years I have lived in the boonies of Loei province, NEVER have I seen this amount of new construction, not to mention road improvements. I often wonder where all the money is coming from.
Would not have anything to do with the present rulers trying to get the local traditionally Red Shirt, Taskin supporters on board would it??

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747man
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Re: Thai economy

Post by 747man » November 21, 2019, 10:59 am

arjay wrote:
November 21, 2019, 2:02 am
I read in the financial press in the UK that the Thai balance of payments is strong, i.e. exports substantially exceed imports, which is why the baht remains strong.
Even The Airlines are complaining about the STRENGTH of The Baht !!...........Meanwhile, airlines operating in Thailand say they are being battered by a weak economy and the baht’s strength, which is reducing international tourist arrivals...........So At Least Some are telling it is how it is !!!! :shock: :shock:

glalt
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Re: Thai economy

Post by glalt » November 21, 2019, 11:14 am

AlexO wrote:
November 21, 2019, 8:12 am
glalt wrote:
November 20, 2019, 9:15 pm
In all the years I have lived in the boonies of Loei province, NEVER have I seen this amount of new construction, not to mention road improvements. I often wonder where all the money is coming from.
Would not have anything to do with the present rulers trying to get the local traditionally Red Shirt, Taskin supporters on board would it??
Maybe the roads but the new construction, businesses and homes, is private money so likely nothing to do with red shirt politics.

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joepai
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Re: Thai economy

Post by joepai » November 21, 2019, 12:40 pm

Thailand's problem? Too much success !!

https://asia.nikkei.com/Opinion/Thailan ... ch-success
I was born with nothing and still have most of it left

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parrot
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Re: Thai economy

Post by parrot » November 21, 2019, 1:29 pm

If you've done any traveling around various provinces, not just Isaan, you'll see boatloads of new roads, highways, and new buildings everywhere. When we first moved to Thailand, I hesitated to say there was much of a middle class. Today, there's definitely a middle class.......sure there are plenty of poor people, but if you want to work, you can....in country or out of country. Eventually, as happens everywhere, there will be a slow down. But for the time being, I don't see it in Udon.
Vans and Sketchers coming to Central.

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747man
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Re: Thai economy

Post by 747man » November 22, 2019, 11:12 am


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parrot
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Re: Thai economy

Post by parrot » June 20, 2022, 2:32 pm

My unscientific appraisal of the local economy: lots of red license plates, increasing numbers of Lao plates, and no shortage of for hire signs. The government's going to be spending a gazillion baht on preparing for the Hoticultural Fair in 2026, another bazillion for the ringroad/KK intersection, and zillions more if'n'when the railroad improvements reach Udon.

DuiDui49
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Re: Thai economy

Post by DuiDui49 » June 20, 2022, 7:06 pm

parrot wrote:
June 20, 2022, 2:32 pm
My unscientific appraisal of the local economy: lots of red license plates, increasing numbers of Lao plates, and no shortage of for hire signs. The government's going to be spending a gazillion baht on preparing for the Hoticultural Fair in 2026, another bazillion for the ringroad/KK intersection, and zillions more if'n'when the railroad improvements reach Udon.
And that's why the Goverment just borrowed 30 Billion (bazillon) from China a couple of weeks ago at a intrestrate of 0.01%..how may years..take a guess.

//Alfie..:-)
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rick
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Re: Thai economy

Post by rick » June 21, 2022, 11:39 am

DuiDui49 wrote:
June 20, 2022, 7:06 pm
parrot wrote:
June 20, 2022, 2:32 pm
My unscientific appraisal of the local economy: lots of red license plates, increasing numbers of Lao plates, and no shortage of for hire signs. The government's going to be spending a gazillion baht on preparing for the Hoticultural Fair in 2026, another bazillion for the ringroad/KK intersection, and zillions more if'n'when the railroad improvements reach Udon.
And that's why the Goverment just borrowed 30 Billion (bazillon) from China a couple of weeks ago at a intrestrate of 0.01%..how may years..take a guess.

//Alfie..:-)
I thiught it was Japan who loaned the money?

DuiDui49
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Re: Thai economy

Post by DuiDui49 » June 24, 2022, 1:54 pm

rick wrote:
June 21, 2022, 11:39 am
DuiDui49 wrote:
June 20, 2022, 7:06 pm
parrot wrote:
June 20, 2022, 2:32 pm
My unscientific appraisal of the local economy: lots of red license plates, increasing numbers of Lao plates, and no shortage of for hire signs. The government's going to be spending a gazillion baht on preparing for the Hoticultural Fair in 2026, another bazillion for the ringroad/KK intersection, and zillions more if'n'when the railroad improvements reach Udon.
And that's why the Goverment just borrowed 50 Billion (bazillon) from Japan a couple of weeks ago at a intrestrate of 0.01%..how may years..take a guess.

//Alfie..:-)
I thiught it was Japan who loaned the money?My misstake,stand corrected."Thailand borrows 50 billion yen from Japan"...https://thethaiger.com/news/national/th ... -aftermath
Best regards
//DuiDui
"Exercise is individual and nutrition is queen: together, you have a kingdom."

"You can't wait until life isn't hard anymore before you decide to be happy"
//Blackbird quote.

"To grow and mature demands time and willingness to learn from your own misstakes"

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