Results 1 to 16 of 16
  1. #1
    Thailand Expat misskit's Avatar
    Join Date
    Dec 2009
    Last Online
    @
    Location
    Chiang Mai
    Posts
    25,497

    Conflict in Syria may affect Thai economy

    BANGKOK, 16 April 2018 (NNT) - An academic at Thailand's Rangsit University, Anusorn Thamjai, says the US, UK and French air strikes on Syria could drive up crude oil prices to 100 dollars per barrel.

    Anusorn said the prices have already reached the highest level in 3 years since the coalition launched its attack on Syria on April 14th. It is also possible that it might lead to a renewed cold war between Russia and western nations.

    Economies around the world, including Thailand, may slow down in the 2nd quarter due to the rising energy prices and inflation. Financial markets worldwide are expected to fluctuate in the next two weeks.

    The conflict will inevitably affect Thai exports to the Middle East if it continues into the second half of this year.

    Meanwhile, Secretary General of the National Security Council, Gen Wallop Rugsanaoh, said the impact of the conflict would be felt globally since powerful nations are involved.

    He said Thailand does not support violence and, as a member of the United Nations, will abide by the rule of international law.


    National News Bureau Of Thailand | Conflict in Syria may affect Thai economy

  2. #2
    Your own Personal Jesus
    DJ Pat's Avatar
    Join Date
    Jul 2005
    Last Online
    @
    Posts
    17,939
    Hopefully it means we get a lot more THB for our GBP

  3. #3
    Thailand Expat cyrille's Avatar
    Join Date
    Oct 2006
    Last Online
    @
    Location
    Chiang Mai
    Posts
    11,124
    What utter tripe.

  4. #4
    Your own Personal Jesus
    DJ Pat's Avatar
    Join Date
    Jul 2005
    Last Online
    @
    Posts
    17,939
    Thai exports to the Middle East
    I'm sure the girls will find another country

  5. #5
    Days Work Done! Norton's Avatar
    Join Date
    Oct 2007
    Last Online
    @
    Location
    Roiet
    Posts
    27,035
    Quote Originally Posted by cyrille View Post
    What utter tripe.
    Ditto.

  6. #6
    Thailand Expat Pragmatic's Avatar
    Join Date
    Mar 2013
    Last Online
    @
    Location
    Last but who gives a shit.
    Posts
    9,455
    There does seem to be some concerns.

    Thai Shippers Association vice president Visit Limluecha said although Russia has not yet reacted violently to the Syria bombings, the situation remained to be monitored closely by the private sector as this could have impact on Thai exports, global oil prices and baht currency.
    He said although Thailand exported not much to Syria, but if the conflict escalates, Thai exports to the Middle East, such as United Arab Emirates, Saudi Arabia, could be affected, particularly increasing demand for ready-to-eat and dried food.
    Chookiat Ophaswongse, honourary president of the Rice Exporters Association, said as Syria is a major importer of Thai 5% rice or about 100,000 tons per year, and the Middle East market holds 20% of total Thai export market or a million ton a year, any escalation of the conflict could hurt Thai rice exports.

  7. #7
    Custom user
    Neverna's Avatar
    Join Date
    Mar 2012
    Last Online
    @
    Location
    Behind a rhododendron bush
    Posts
    13,269
    Oil prices over the last year.


  8. #8
    Days Work Done! Norton's Avatar
    Join Date
    Oct 2007
    Last Online
    @
    Location
    Roiet
    Posts
    27,035
    Quote Originally Posted by Neverna View Post
    Oil prices over the last year.
    Nice chart but the civil war in Syria started in 2011. The OP is speculative bollocks.

  9. #9
    disturbance in the Turnip baldrick's Avatar
    Join Date
    Apr 2006
    Last Online
    Yesterday @ 11:19 PM
    Location
    Thermae
    Posts
    19,514
    Quote Originally Posted by Norton View Post
    Nice chart but the civil war in Syria started in 2011
    and thailand has had an influx of long stay syrian tourists since then

  10. #10
    Hiso member
    buriramboy's Avatar
    Join Date
    Mar 2007
    Last Online
    @
    Posts
    9,688
    There is an over supply in the oil market, I'm frankly surprised oil is currently at circa $70, good for the dividends though.

  11. #11
    Connected HuangLao's Avatar
    Join Date
    Jun 2017
    Last Online
    @
    Location
    Siam
    Posts
    2,776
    Quote Originally Posted by Norton View Post
    Nice chart but the civil war in Syria started in 2011. The OP is speculative bollocks.
    Sure seems to appear that way.
    Might have more of an effect on economies that are much more dependent on petroleum-based byproducts and ME regional conflicts in general.
    Thailand's not that.

  12. #12
    Thailand Expat
    Klondyke's Avatar
    Join Date
    Aug 2014
    Last Online
    Yesterday @ 07:27 PM
    Posts
    2,377
    Quote Originally Posted by HuangLao View Post
    Sure seems to appear that way.
    Might have more of an effect on economies that are much more dependent on petroleum-based byproducts and ME regional conflicts in general.
    Thailand's not that.
    You got it wrong. Most of the "economies" in Thailand are depending on transportation cost, the trucks going/coming over 1,000 km daily/nightly on their way to economies in North/South. With every few satang more price for nam-man the transport companies like to immediately increase their charge what will snowball on prices of the products, etc.

    Unfortunately, when the nam-man price goes down again, they (the transport companies) forget to reduce their charge...

  13. #13
    Thailand Expat
    jabir's Avatar
    Join Date
    Jul 2016
    Last Online
    @
    Posts
    2,848
    Quite aside from oil prices it could negatively affect the economy if Russia devalues, and more so if China follows suit. Imagine that, fewer Russians and Chinese in Thailand, but that will change when our glorious leaders announce that recent management changes allow for a (legal) casino.

  14. #14
    Thailand Expat
    OhOh's Avatar
    Join Date
    Jul 2010
    Last Online
    Today @ 03:00 AM
    Location
    Where troubles melt like lemon drops
    Posts
    12,914
    I suspect Thailand will continue OK.

    2015 export numbers with an upward trend, indicators show 60% Asia & ME, 20% Europe, 15% N.America. 13,000 B THB GDP, 2,000 B THB Trade surplus. Good mix of High and low tech goods, foods, commodities and services. Ample energy, water and good demographics. Calm domestic and International political scene.

    Plenty of Wats, beautiful beaches/ladies/men., low cost of living and foreigner friendly.
    A tray full of GOLD is not worth a moment in time.

  15. #15
    Thailand Expat
    Klondyke's Avatar
    Join Date
    Aug 2014
    Last Online
    Yesterday @ 07:27 PM
    Posts
    2,377
    ^ and kind reasonable forums, decent as well...

  16. #16
    Connected HuangLao's Avatar
    Join Date
    Jun 2017
    Last Online
    @
    Location
    Siam
    Posts
    2,776
    Quote Originally Posted by Klondyke View Post
    ^ and kind reasonable forums, decent as well...
    The Thai/Thai-language forums are quite civilised...


Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •