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  • News & article

    Inflation policy changing?

    Jon Fernquest, Published on 07/07/2011

    » Long-term central bank inflation policy ensures that people's purchasing power is not eroded and exports remain competitive.

  • News & article

    Will customs reform move forwards in Thailand?

    Jon Fernquest, Published on 03/11/2010

    » Paying special bonuses to government officials for "fines levied against the private sector" has "actually encouraged distortions and contributed to corruption."

    • Forum

    Buying property in Thailand

    By Anonymous, Created on: 17/02/2006, Last updated on: 11/11/2011

    » Nothing much to say here is there, i think that IAN has told us all there is to know and believe me.......... .he's right.

    • Hejsan commented : Truly, Thailand has many laws/regulations that discourage foreign investment. I myself recently left Thailand after a 4-year stay and never bought property in Thailand during that time due to regulatory uncertainties. Since a foreign man married to a Thai woman has already relinquished his many of his rights in case of death/accident, it seems strange that the Thai government should thus deprive the Thai spouse of 'her' property. I suspect there is resentment of Thai women who marry relatively rich foreigners and benefit from it financially. Unfortunately, Thailand is set up in a way that makes it very hard for anyone to advance by 'normal hard work'. Either you are born rich or you have to become (if you are a man) a corrupt official or criminal. For women, the choice is even narrower. This law seems directed at keeping the lower classes in their place as much as keeping foreigners from owning Thai soil. Furthermore, regarding Thai history as discussed earlier... Many Thai citizens are not ethnic Thais. They are descendants the Mon, Khmer, Lao and even Karen peoples who lived on this land since before the Thais ever showed their faces here about 1000 years ago. Today's Thais seem to think that they are ethnic Thais and have been here for for much longer than they have (as evidenced by the Wat Phra Vihean dispute). To say that Malay or Khmer land was taken from Thailand is incredibly inaccurate. The ethnically Malay southern provinces have never (until now) been culturally Thai. They used to be semi-independent sultanates between British Malaysia and Siam. Those two larger countries divied up the smaller sultanates. As for the rprovinces that still speak Khmer (Surin, Buriram, and Sisakaet), they used to belong to Cambodia and their populations are largely ethnically Khmer not because of immigration but because of Thai expansion. Cambodia (or Angkor) incorporated much of modern day Thailand. The Thais came down from China 800-1000 years ago and declared their first state, Sukhothai, independent from Angkor 800 years ago. Since then, peaceful happy Thailand has expanded whilst its 'evil, warmongering neighbours' have lost land to the new kingdom. The talk of ethnically Chinese Thai citizens being in cahoots and determined to keep their wealth is interesting. We all know that Thailand is incredibly racially aware, and such groupings may actually exist. Certainly this issue was also in focus during the PAD demonstrations and blockade of Suvarnabhumi as well. I shall follow this forum with renewed interest after reading the many thought provoking posts here. As for the property issue, it has kept me from establishing a permanent residence in thailand, but I do find the Thai people charming in spite of the tendencies to discriminate against foreigners, rich and poor, western and eastern alike. We all know how Burmese and Cambodians are treated in Thailand. By comparison, we are rather lucky...

    • 119 replies, 367,763 views

  • News & article

    Dealing with capital inflows into Thailand when the baht appreciates

    Jon Fernquest, Published on 14/09/2010

    » The US dollar is losing value (weakening, depreciating) while Asian currencies have been gaining value (strengthening, appreciating). This makes Asian exports more expensive which could have a negative effect on the Thai economy.

  • News & article

    Businesses gauge hit from bombings and arson

    News, Post Reporters, Published on 13/08/2016

    » Businesses in Thailand are likely to be affected by the series of attacks in seven southern provinces on Thursday and Friday. Investments and tourism bookings look poised to see many knee-jerk cancellations though authorities feel the country's tourism sector should recover soon.

  • News & article

    Private sector jots wish list

    Business, Post Reporters, Published on 11/02/2019

    » Despite having different work cultures and development mindsets, public and private policies should ideally go hand-in-hand to usher a country's development forward.

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