Quote Originally Posted by bkkandrew View Post
Quote Originally Posted by Butterfly View Post
if you look at the business news, there are have been a number of reports about NPL going up etc... no secret, they just don't advertise it on the nightly news, but the reports are there.

1 bank got into serious trouble and is being merged with another. Also their NPL is getting worrisome, but they have the solutions now, they are reselling them to an external asset recovery company
Thailand's NPL book is about to explode, with a perfect storm of mind-boggling personal debt-to-income ratios, large corporate losses caused by commodity inflation and fantasy investment in real estate.

All nicely hidden 'Thai-style' c/w smile.
Got to agree with you. The current give aways, free electric and water and free train rides are signs of a government that doesn't have a clue. Looking around it's very much like the mid nineties.