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    Thai business stories

    Kudos to ACN

    By DSuthikant, Created on: 18/04/2013, Last updated on: 18/04/2013

    » I read the news article: Anti-Corruption crusader leading for a better Thailand published on April 18 2013 with the delightful surprise that the Anti-Corruption Network (ACN) is funded by private-sector groups. I think it’s great because business is being affected by corruption more than any other...

    • 0 replies, 11,034 views

    Thai business stories

    Baht too strong - urgently needs freedom to float

    By oldexplorer, Created on: 12/03/2009, Last updated on: 04/11/2015

    » As the massive Chinese economy begins a freefall descent in response to the Western financial collapse, the Abhisit government needs to assist Thai exports by allowing the Baht to float downwards. Keeping the Baht slavishly locked to the US Dollar is short-sighted, and will simply make Thai exports...

    • sabironlineus commented : The Thai currency is likely to become weaker against the US dollar and could fall by as much as 5.6% by the end of 2009. A currency expert forecast the Thai Baht, which as of February 4 traded at 34.95 per dollar, will slide to 36 by the end of June, and 37 by the end of the year. The year 2008 saw the Thai currency plummet 15%, securing a third-worst spot amongst Asia's 10 most active currencies against the US dollar. Despite the Thai government's plan to spend billions of baht to spur growth, the political instability, which culminated in the closure of Bangkok's two international airports late last year, sent business sentiment to a record low. Thailand's current account will likely be in a deficit this year as overseas investment slows down, exports dry up, and the government's spending climbs through the roof.

    • Ian commented : [quote="sabironlineus":eh82mznw]The Thai currency is likely to become weaker against the US dollar and could fall by as much as 5.6% by the end of 2009. A currency expert forecast the Thai Baht, which as of February 4 traded at 34.95 per dollar, will slide to 36 by the end of June, and 37 by the end of the year. The year 2008 saw the Thai currency plummet 15%, securing a third-worst spot amongst Asia's 10 most active currencies against the US dollar. Despite the Thai government's plan to spend billions of baht to spur growth, the political instability, which culminated in the closure of Bangkok's two international airports late last year, sent business sentiment to a record low. Thailand's current account will likely be in a deficit this year as overseas investment slows down, exports dry up, and the government's spending climbs through the roof.[/quote:eh82mznw] If I can add that British economic confidence today was at an 18 month high. Confidence is the first step towards recovery, it gets people spending again. Conversely Thai confidence seems to be steadily falling, even abhisit is having to predict a gloomy future. Villager, I am in similar dire straits, I struggle away with my three pensions, rents on properties and reduced income from my investments. I am even trying to cut down on my cigars, 3000 baht per week is perhaps excessive in these frugal times.

    • 36 replies, 213,281 views

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