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Thai Crisis

A look at the bumpy road ahead for Thailand and its need for reform.
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Police hysteria against "rumors mongers" : owner of a snooker bar arrested

Nov 4, 2009
It would be hilarious if it wasn’t tragic. I didn’t blog before about the state campaign against “rumors mongers” in the case of the King’s health and a (tiny) drop of the stock market in october. Two people have been arrested last week. I was...

Exports in september… Recovery ? The suckers, once again, fail to look at the details

Nov 2, 2009
Even ThaiCrisis has been fooled ! I use the infamous word “Green Shoots” after the first publication of the total amount of exports for september. Abhisit was proud to pronounce the “R” word. Recession ? Amid an ocean of artificial pleasures (and...

Chart, exports : at last, a Green Shoot… – 8,5 % in september

Oct 22, 2009
At last ! A Green Shoot… And, obviously -8,5 % in september (year on year) is better than the -25 % we had in july. The Commerce Ministry has released the first data for exports in september : 14,99 billions USD. Imports fell 17,9 % at 12,92...

To face debts, Thai Airways plans to raise… capital

Oct 20, 2009
Thai Airways International, Thailand’s largest airline, plans to issue shares next year to raise funds for repaying short-term debt, its newly appointed president said on Monday. Piyasvasti Amranand did not say how much money the flag carrier will...

Chart, gvt's revenues : -8,8 % for fiscal year 2009

Oct 17, 2009
End of september, end of the fiscal year for the thai government. Data have been updated on the website of the Finance Ministry. Result ? Total revenues (gross) : 1 674 billions THB, -8,8 % compared to the previous fiscal year (october 2007 to...


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