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Thai Crisis  
A look at the bumpy road ahead for Thailand and its need for reform.

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Santa (Abhisit) Claus : the never ending subsidies and more holidays

Dec 15, 2009
Rome had panem et circense (bred and games)… The Kingdom of Thailand has free water, free electricity and more holidays. That’s the Wonderland of Abhisit. Poor Thais to benefit from measures to curb water, power, bus, train, gas fees The Cabinet...

Chart, credit, october : +3,8 % year on year… but down for businesses

Dec 12, 2009
(Source Bank Of Thailand, table FI_CB_015_S3). The growth of total outstanding credit for businesses recorded a drop of 7% in october (-6,4 % in september), compared to october 2008. Overall, we still have a growth of 3,8 % year on year, at 7 623...

Why the King is kept in hospital ?

Dec 9, 2009
The question might appears as provocative. But let’s review some hypothesis. First the fact : the King is in hospital since… september 19. Almost 3 months ! Second : at the beginning, the state apparatus spent a lot of energy to try to divert...

Chart, exports, october : -4 % year on year… and -14 % from the Peak

Dec 8, 2009
Back to business (I took a few days off). Bank Of Thailand has published data for exports in october. Total : 495,33 billions THB, that’s lower than the previous month (503,63) and it’s -4 % compared to october 2008. As forecasted, the Green Shoots...

Thai Airways president calls for national unity against… foreign competitors

Nov 29, 2009
My mistake. I praised -loudly- the courage and the honesty of Piyasvasti, the newly appointed president of Thai Airways. He had the courage to call a rose a rose… and a pile of manure a pile of manure. “The management had not really been allowed...


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