siampolee
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Alive alive O
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Post by siampolee on Nov 6, 2023 10:01:16 GMT 7
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chiangmai
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Post by chiangmai on Nov 6, 2023 10:04:28 GMT 7
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Mosha
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Post by Mosha on Nov 7, 2023 6:07:47 GMT 7
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chiangmai
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Post by chiangmai on Nov 7, 2023 7:07:04 GMT 7
That's more like it, he's learning, finally. But his track record of keeping election promises is taking a battering, I wonder what's next! |
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Mosha
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Post by Mosha on Nov 7, 2023 9:46:02 GMT 7
That's more like it, he's learning, finally. But his track record of keeping election promises is taking a battering, I wonder what's next! Now imagine if The Dems were running things, the red shirts would be enroute to Bangkok by now. |
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siampolee
Detective
Alive alive O
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Post by siampolee on Nov 7, 2023 11:28:29 GMT 7
Don't worry the puppet master and his fawning acolytes are still keeping their hands in the petty cash box....  |
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chiangmai
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Post by chiangmai on Nov 10, 2023 4:23:17 GMT 7
There's no great changes to THB at present, things seem to be ticking over. Tourism numbers and inflows are being talked up plus we're seeing evidence on the ground to support the rhetoric, there are hoards of white skinned tourists everywhere in this neck of the woods.
The oil price has surprised to the upside, many people thought it would spike to $100 and above but instead it's actually fallen to sub $80. Why? I'm not sure but I think that US exports of oil and gas have something to do with it, it's said that a record number of empty oil tankers are heading to the US coast in anticipation.
Jerome has been speaking again, his most recent words last night maintained the threat of higher for longer which put an end to the S&P winning streak, it was going great guns there for a while. And of course, the bond yields spiked again having recently fallen to sub5% they are now back at that level.
Bottom line: THB is being boosted by inbound tourist numbers so high season should mean a gentle strengthening during November and December; USD is still very strong so 35/36 will likely be maintained; Sterling has strengthened a little of late but the 200 day moving average is decidedly downwards......stay tuned.
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chiangmai
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Post by chiangmai on Nov 10, 2023 4:57:31 GMT 7
I forgot to add, what's happening in China is important, the following link covers it all nicely. In summary, demand is still subdued, prices have fallen as a result but also because of prior over supply. The good news in that China imports are slowly increasing: www.ft.com/content/4671126e-9d0a-433b-948e-4c5631ab3b7c |
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chiangmai
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Post by chiangmai on Nov 10, 2023 15:17:30 GMT 7
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Mosha
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Post by Mosha on Nov 12, 2023 10:36:33 GMT 7
Around 23:00 Friday, the Baht dropped 11 cetang v the £. The graph shows a vertical change.
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chiangmai
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Post by chiangmai on Nov 12, 2023 11:38:26 GMT 7
Around 23:00 Friday, the Baht dropped 11 cetang v the £. The graph shows a vertical change. It's not unusual on Fridays as dealers square their open positions before the weekend, that way they don't have exposure to losses. After the weekend they close them out again. |
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oldie
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Post by oldie on Nov 12, 2023 12:18:19 GMT 7
I told the misses about this, and she told me to p**s off, or something like that in Thai. |
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siampolee
Detective
Alive alive O
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Post by siampolee on Nov 13, 2023 19:06:12 GMT 7
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chiangmai
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Post by chiangmai on Nov 14, 2023 4:57:14 GMT 7
Some interesting trivia for you to bandy around and impress the girls in any bar:
The population of Thailand is circa 70 mill., the workforce is circa 38 mill.
Only 6% of the workforce pays income tax in Thailand, only 11% of the workforce files a tax return.
Direct tax revenue from personal income tax amounts to less than 2.1% of GDP.
The grey or informal economy, that's income that is untaxed and unreported, involves somewhere between 48% and 80% of the workforce. Published estimates are on the lower end of the scale, mathematically speaking it's much higher. Estimates also are that if the earnings from the grey economy were discovered, GDP would increase by up to 60%.
The Tax burden to GDP ratio in Thailand is 16%, in the UK it's 35%
Tax revenue is split equally between direct and indirect taxes, corporation tax and sales tax and VAT are the largest contributors.
Revenue from International Tourism supports the grey economy more than it supports the known economy.
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Mosha
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Post by Mosha on Nov 15, 2023 4:56:55 GMT 7
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