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Thailand Stuck in Neutral


TukTuk
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Thailand is stuck in Neutral.

The million tourists did not materialize and TAT is still dreaming of millions more for 2022.

The students are getting restless with a government that seems to be incapable of doing anything at all in the right direction.

The millions of unemployed to fend for themselves.

Tons of venues and shops still closed.

The mass effects of COVID still unknown as the people are at the mercy of the government to report the true facts; which they cannot seem to get right no matter how many times the story changes.

Expats on a fixed income are doing fine, probably a lot nicer place to live without all the tourist.

The main question remains How long Thailand can be stuck in neutral? How long financially? Is the government able to come up with a plan that will benefit the people and move the country forward? Or just to much effort for them to even try?

COVID is still flaring up all over the world. Sorry, with countries own rules, regulations and financial hardships, Thailand is not #1 on their minds.

They won't be coming. Now what?

How does Thailand get out of neutral and move forward in 2022?

 

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this is a huge opportunity for the grabbing hands to grab all they can. 

not going to end anytime soon. 

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4 hours ago, NCC1701A said:

this is a huge opportunity for the grabbing hands to grab all they can. 

not going to end anytime soon. 

If you mean to say... the rich are in the perfect position to get even richer, you're right. They will be able to buy everything up for cheap. This high season is the time to buy if you ever had any inkling of doing so. The rest of us need to concentrate on stocking up on the fundamentals, things may get a bit rough for 2022, not just in Thailand but globally.

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5 hours ago, NCC1701A said:

this is a huge opportunity for the grabbing hands to grab all they can. 

not going to end anytime soon. 

They've been doing these things forever. 

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3 hours ago, Freeduhdumb said:

If you mean to say... the rich are in the perfect position to get even richer, you're right. They will be able to buy everything up for cheap. 

That would be a financial risk they would be taking and it could go either way , they could end up with a decent hotel/restaurant/land bought at a bargain price or they could end up with a worthless business due to lack of customers .

   It would be a risk that they would be taking   

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18 minutes ago, Fluke said:

That would be a financial risk they would be taking and it could go either way , they could end up with a decent hotel/restaurant/land bought at a bargain price or they could end up with a worthless business due to lack of customers .

   It would be a risk that they would be taking   

Agreed, but a financial risk that their bank accounts can afford, for some it would be a long term (10+ years) investment when inflation and rising real estate prices would soften the risk.

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10 hours ago, TukTuk said:

The main question remains How long Thailand can be stuck in neutral?

If tourism doesn't trigger a revival then Thailand is screwed, every plan they have been spouting is short term fixes and when they fall over there are no long term plans.  Anyone heard of a 3-10 year plan to come out of Pnuts mouth? Long term plans are what a good Govt advocates and instigates, not reactionary band aid fixes. 

So to answer the question, not long before they go into reverse.

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Thailand in trouble is good news.  Good News for the average Thai is bad news for the Junta.  @TukTuk You are right to be worried, but it is not as bad as you may think. I say that for 2 reasons: What is bad for Junta in the next election is good for the Thai People.   Overall the Thai People will get through it all - their basic living and self reliance will see them through - just as it has done for 2 years. 

The Thais complaining now - that the Junta is trying to appease by opening the gates - are the wealthy and Bangkok suburban types who voted for them.  I say long may the economic crash continue - it is not until there is great chaos in a society that there is great change.  The average Thais have been too complacent - they are 'waking up' and that is a good thing. 

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wow, sounds like a lot of you guys are waiting for the end of the world as we know to come to an end. Then try and pick up the

pieces.

Not sure what countries you live in but as example Australia is only able to maintain its high and some might say unrealistic standard of living because of its ability

to borrow money.i guess someone will have to pay that back.

As for Thailand it's very sad and distressing, emotionally and financially for millions of people. But not only Thailand but many other countries also.

It's easy to be critical, if you are not happy with the situation in Thailand consider an alternative. 

It's not a perfect world and the present will pass, maybe better maybe worse.

I am guessing, apologies if I am wrong, you are trying to impose your  standards and expectations on a foreign country. And taking American for example you can see the success of that with American wars in Vietnam and Afghanistan. Let the countries work it out for themselves. 

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Th question was how does THAILAND get out of reverse?

Not Australia, not the US. Not many other countries.

Not being critical of Thailand.

That can Thailand do right now?

A smart person might think a plan should be in order, yet the whole game now seems to be counting tourist?

Not much of a plan.

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2 minutes ago, TukTuk said:

Th question was how does THAILAND get out of reverse?

Not Australia, not the US. Not many other countries.

Not being critical of Thailand.

That can Thailand do right now?

A smart person might think a plan should be in order, yet the whole game now seems to be counting tourist?

Not much of a plan.

Look at what gave the economy a boost when it was booming. Investment, trade and tourism. All under fire due to the dreaded virus.

Thus the plan should be focus on the virus. So many plans on getting vaccines and pills while ignoring other medications and treatments that are not profitable for the FDA and governing bodies. Along with effective test kits that are economically viable and easily accessed.

The other is open the country. Lockdowns are what is truly crippling the nation. How can a consumer earn money to use if they are unemployed? The virus is not going away so time to learn to live with it. I know ...easier said than done, but until then the nation will remain in neutral and reverse with time. 

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2 hours ago, TukTuk said:

Th question was how does THAILAND get out of reverse?

Not Australia, not the US. Not many other countries.

Not being critical of Thailand.

That can Thailand do right now?

A smart person might think a plan should be in order, yet the whole game now seems to be counting tourist?

Not much of a plan.

If you read Thai news beyond the Thaiger there is a lot going on in the other sectors of the economy right now. There's a massive consolidation taking place in retail and telecoms. There is major investment coming into the manufacturing sector, Honda is planning a new battery factory to support EV production. And, witness the number of cranes active in Bangkok, construction hasn't slowed. So 80% of the economy is still doing well.

However, that remaining 20% - AKA Tourism - employs a disproportionate share of people (albeit at a very low wage). The "reopening" focus is about getting those people back to work, the rest of the economy is not in bad shape.

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2 hours ago, JamesE said:

If you read Thai news beyond the Thaiger there is a lot going on in the other sectors of the economy right now. There's a massive consolidation taking place in retail and telecoms. There is major investment coming into the manufacturing sector, Honda is planning a new battery factory to support EV production. And, witness the number of cranes active in Bangkok, construction hasn't slowed. So 80% of the economy is still doing well.

However, that remaining 20% - AKA Tourism - employs a disproportionate share of people (albeit at a very low wage). The "reopening" focus is about getting those people back to work, the rest of the economy is not in bad shape.

I would like to see some facts that 80% of the economy is doing well.

Try reading the financials outside of Thailand and you get a completely different story.

I mean, come on? One new battery factory for 66 million people?

The majority of the retail and telecom are all owned by the same families, the 1%'ers.

Thai Airways selling off aircraft because they are in the tank.

You see a few cranes and that means the economy is doing well? Same 1%'ers.

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5 hours ago, mickkotlarski said:

Look at what gave the economy a boost when it was booming. Investment, trade and tourism. All under fire due to the dreaded virus.

Thus the plan should be focus on the virus. So many plans on getting vaccines and pills while ignoring other medications and treatments that are not profitable for the FDA and governing bodies. Along with effective test kits that are economically viable and easily accessed.

The other is open the country. Lockdowns are what is truly crippling the nation. How can a consumer earn money to use if they are unemployed? The virus is not going away so time to learn to live with it. I know ...easier said than done, but until then the nation will remain in neutral and reverse with time. 

With the brand new worst strain yet being reported in South Africa, things are not taking a turn for the better.

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54 minutes ago, TukTuk said:

I would like to see some facts that 80% of the economy is doing well.

Try reading the financials outside of Thailand and you get a completely different story.

I mean, come on? One new battery factory for 66 million people?

The majority of the retail and telecom are all owned by the same families, the 1%'ers.

Thai Airways selling off aircraft because they are in the tank.

You see a few cranes and that means the economy is doing well? Same 1%'ers.

Just examples, not intended to be all-inclusive. To your point, sure THAI is dumping aircraft, but at the same time they're opening up new cargo routes because they can make money doing so. I don't see what the financials outside of Thailand have to do with what's going on inside of Thailand. Sure, the pandemic isn't close to being over as you point out, but there is big money being spent in all sectors - including tourism - as now is a great time for investors seeking bargains and getting things in place - like factories - to satisfy the current and anticipated future demand.

What those cranes indicate is that the "1%'ers" are willing to spend money to finish projects. The investors haven't bolted so, yeah, that means the economy as a whole isn't as bad off as the tourism sector.

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The financial news outside of Thailand paints a completely different picture.

Read financial news about Thailand from other more developed countries and you will see the real picture.

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