The ugly part of Capitalism is that no matter what, business people tend to always fall back to “Business as Usual.” This business as usual, in Thailand’s case, have seen some big names, like Mark Mobius and Morgan Stanley, coming out to pretty much say “Coup is OK.” (Up-Dated) The movie Hunger Games, have rattled…
Thailand’s central bank cut this year’s growth forecast nearly by half to 1.5 per cent but sees a much brighter 2015 as the new military government tries to reinvigorate the economy after prolonged political turmoil. While slashing this year’s growth projection from the 2.7 per cent seen in March, the BOT raised next year’s growth…
Tourism is a massive part of the Thai economy, contributing, by some estimates, about 20% Thailand’s GDP. Factual numbers so far, confirms a “sluggish recovery, from Thailand’s long political crisis and a coup, that is meant, for tourism, take Thailand back to stability and peace. While foreign tourist are holding back, local press reports that…
In the following market report on Thailand’s IT industry, Reportstack, says quote: “Political tensions, high household debt and baht depreciation all weigh on our forecast in 2014, but we expect the situation to improve markedly from 2015.” However, there have been some fundamental changes as well. Recently, the head of an Asia wide active, high-tech…
Thailand’s slave labor has been around and reported for years now. Perhaps finally, Thailand will pay a price, by going on a USA black-list. Responding to the black-list threat, today, the Thai junta spokesman, said the blacklist impact on Thailand’s overall economy will be minimal, but may impact global consumers perception. Steve Herman, Voice of…
Thailand’s junta regime postponed Yunnan-Singapore high speed rail project! The Thai junta has approved a US$100 billion deal for infrastructure development, however cutting out High Speed Rail (HSR) that the Yingluck Shinawatra government approved. The result is the cancellation of China’s dream of a “Yunnan Singapore High Speed Network”. (Up-Dated) Thailand’s junta now have re-versed…
Local press, even the staunch pro-coup Bangkok Post, is reporting, that the massive exodus of foreign migrant worker in Thailand, back to their country, will likely “Nip” Thailand’s economy, as the economy, is attempting a recovery. Most global reports, says close to 200,000 Cambodians, have returned to Cambodia. Local press also report, a crack-down on…
Lloyds reports: “But even though the short-term economic impact of the coup – Thailand’s 13th since the end of absolute monarchy in 1932 – has so far been limited, observers believe the long-term outlook for a country fundamentally divided politically and socially is poor unless a political agreement can be reached.” Before the coup, the…
A few days ago, I was told of a story, about an attempt to break Thailand “Political Grid-Lock.” This is mainly a political report, but it is also an “Economic” one, as the story is about “A Desperate” head of a large Thai conglomerate, involved in engineering work. A Chulalongkorn University, where the university is…
Perhaps “Spinning A Presentable Face” Thailand’s Central Bank governor, Prasarn, told the Bangkok Post yesterday, quote: “The Thai economy can withstand the prolonged domestic political uncertainties in the short run thanks to the country’s strong fundamentals.” That political crisis, says Gwynne Dyer, a syndicated columnist in some 50 countries, on May 08, 2014, is about,…
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