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  • News & article

    Floods: Losses to Thailand's economy?

    Jon Fernquest, Published on 04/11/2011

    » Ongoing threats with damage still preventable far greater than damage already done in this survey of flood economic impact by economists at TMB Bank.

  • News & article

    Research to the rescue

    Asia focus, Published on 06/10/2014

    » When your father-in-law is the chairman of Kinpo Group, Taiwan's leading electronics conglomerate, career advancement seems assured. Being a male in a traditional Chinese community also helps. Simon Shen admits he had a better start than most, but says that only hard work will keep him on top.

  • News & article

    Floods: Hard drives jump in price

    Jon Fernquest, Published on 27/10/2011

    » With 25% of global hard drive production in Thailand, a global shortage & 20% price hikes for many months projected.

  • Forum

    Choosing cheap Chinese Products over Thai jobs

    By needchange, Created on: 17/10/2010, Last updated on: 24/11/2015

    » Everyone knows the story of what has been happening in the US in terms of the trade deficit with China. If you go to Walmart, almost every product sold there comes from China. Walmart is America's biggest retailer if I'm correct. The trend is the same at many other retailers around the country. So...

    • needchange commented : I agree with your points about Thailand not developing the tech sector more. There are many companies involved in tech in Thailand in Prathumthani, Ayuttaya and Chonburi. Western Digital, DDK, and Seagate are a few names that come to mind. Hutchinson is building a factory here too. Of course, when it comes to the money-making industries more is better so Thailand should do more to encourage Thais and Thai educators to explore this field. As for 'environmental redtape', I can't say I agree. As it is Thailand already has a lot of pollution. Lowering standards to be competitive is not a solution if the enviromental laws are the right thing to do. As for building power plants, well Thailand does need to do more in that area but again lowering standards is not the solution in my view. Thailand shouldn't become like China to compete with China. In a lot of areas Thailand is competing well. The problem as I stated is that many Thais do not really have allegiance to the nation when it comes to making money. The laws against foreigners and foreign companies in Thailand are too strict against non-Asian foreigners while at the same time practically not enforced against Asian foreigners. So what's happening in Thailand is Thailand is being sold out mostly to China by those in Thailand doing business with China. In addition, many Chinese, through corruption, have attained Thai citizenship in short time and now do business as 'Thais' without the hassles other foreigners would have to face. Many of these business people do not have the intention to help Thailand by employing Thais but rather are here for quick money by importing more and more goods from cheap China. So what happens is another 'foreigner' gets wealthy by exploiting corruption and Thais still don't have jobs. JMHO By starting this thread I never intended to go into all the reasons why Thailand could be better businesswise but intended to focus on the Thai-Chinese connection which is the elephant in the room no one with power seems to want to acknowledge.

    • 48 replies, 211,938 views

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