Results 1 to 15 of 15
  1. #1
    Thailand Expat misskit's Avatar
    Join Date
    Dec 2009
    Last Online
    @
    Location
    Chiang Mai
    Posts
    31,672

    Covid-19 outbreak dents wealth of many Thai tycoons

    Thailandís export-and-tourism-dependent economy, already weakened by the US-China trade war, was dealt a further blow by the Covid-19 outbreak.


    The nationís 50 richest on the 2020 Forbes Thailand Rich List saw $28 billion erased from their combined wealth, which declined 18 per cent to US$132 billion.

    The list is available at Thailand’s 50 Richest 2020: Fortunes Decline $28 Billion Amid Covid-19 Pandemic and

    Thailand Richest - Forbes Thailand

    as well as in the April issues of Forbes Asia and Forbes Thailand.

    MORE Covid-19 outbreak dents wealth of many Thai tycoons

  2. #2
    Thailand Expat
    tomcat's Avatar
    Join Date
    Nov 2005
    Last Online
    @
    Posts
    11,597
    Quote Originally Posted by misskit View Post
    Thailand’s export-and-tourism-dependent economy, already weakened by the US-China trade war, was dealt a further blow by the Covid-19 outbreak.


    The nation’s 50 richest on the 2020 Forbes Thailand Rich List saw $28 billion erased from their combined wealth, which declined 18 per cent to US$132 billion.

    The list is available at Thailand’s 50 Richest 2020: Fortunes Decline $28 Billion Amid Covid-19 Pandemic and

    Thailand Richest - Forbes Thailand

    as well as in the April issues of Forbes Asia and Forbes Thailand.

    MORE Covid-19 outbreak dents wealth of many Thai tycoons
    ...heartbreaking...a GoFundMe effort should be organized...

  3. #3
    [at][at][at][at][at][at] SKkin's Avatar
    Join Date
    Jan 2008
    Last Online
    @
    Location
    39.2014 N, 85.9214 W
    Posts
    7,460
    So Thai tycoons haven't figured out how to get taxpayer bailouts then...

  4. #4
    Thailand Expat
    tomcat's Avatar
    Join Date
    Nov 2005
    Last Online
    @
    Posts
    11,597
    Quote Originally Posted by SKkin View Post
    So Thai tycoons haven't figured out how to get taxpayer bailouts then...
    ...of course they have...it's called corruption: a generous government payout that never ends...

  5. #5
    Thailand Expat jabir's Avatar
    Join Date
    Jul 2016
    Last Online
    @
    Posts
    10,765
    Quote Originally Posted by misskit View Post
    Thailand’s export-and-tourism-dependent economy, already weakened by the US-China trade war, was dealt a further blow by the Covid-19 outbreak.


    The nation’s 50 richest on the 2020 Forbes Thailand Rich List saw $28 billion erased from their combined wealth, which declined 18 per cent to US$132 billion.

    The list is available at Thailand’s 50 Richest 2020: Fortunes Decline $28 Billion Amid Covid-19 Pandemic and

    Thailand Richest - Forbes Thailand

    as well as in the April issues of Forbes Asia and Forbes Thailand.

    MORE Covid-19 outbreak dents wealth of many Thai tycoons
    I don't believe that for a minute, anyone smart enough to become a billionaire would have bailed out of the negatively affected markets once it was clear where they were heading, and then either held cash until the dust settles or from that position of strength played into the main rallies.

  6. #6
    Thailand Expat misskit's Avatar
    Join Date
    Dec 2009
    Last Online
    @
    Location
    Chiang Mai
    Posts
    31,672
    ^ Don’t know about that. Lots of people missed what was about to happen. Even Trump, so I read, has lost 1/3 of his wealth and he had forewarning!

  7. #7
    [at][at][at][at][at][at] SKkin's Avatar
    Join Date
    Jan 2008
    Last Online
    @
    Location
    39.2014 N, 85.9214 W
    Posts
    7,460
    ^The sweet tax break deal for real estate developers in the CARES Act should help make him whole again.


    Wealthy real estate developers like Trump score a huge tax break in the stimulus bill - CNN

  8. #8
    Thailand Expat
    kmart's Avatar
    Join Date
    Dec 2008
    Last Online
    Today @ 09:53 AM
    Location
    Rayong.
    Posts
    11,423
    The people with the real money and power don't have to declare their wealth.

  9. #9
    Thailand Expat jabir's Avatar
    Join Date
    Jul 2016
    Last Online
    @
    Posts
    10,765
    Quote Originally Posted by SKkin View Post
    ^The sweet tax break deal for real estate developers in the CARES Act should help make him whole again.


    Wealthy real estate developers like Trump score a huge tax break in the stimulus bill - CNN
    Unverified, but one commentator said that part of the main stimulus package includes an item injected by the House to ensure that no Trump business could benefit from it.

  10. #10
    Hansum Man! panama hat's Avatar
    Join Date
    Mar 2007
    Last Online
    Today @ 02:38 PM
    Location
    Way, Way South of the border now - thank God!
    Posts
    21,833
    Are they called Thai-coons?


    .
    .
    .
    .
    .
    .
    .
    .
    .
    .
    .
    I'll get my hat

  11. #11
    Thailand Expat
    Latindancer's Avatar
    Join Date
    Mar 2010
    Last Online
    Today @ 10:14 AM
    Location
    Australia
    Posts
    12,503
    Har har....that's half funny.

    I'll send you half a green..

  12. #12
    disturbance in the Turnip baldrick's Avatar
    Join Date
    Apr 2006
    Last Online
    Today @ 02:58 PM
    Location
    Heidleberg
    Posts
    22,367
    Quote Originally Posted by panama hat View Post
    Are they called Thai-coons?
    black humour in these dark times

  13. #13
    Hansum Man! panama hat's Avatar
    Join Date
    Mar 2007
    Last Online
    Today @ 02:38 PM
    Location
    Way, Way South of the border now - thank God!
    Posts
    21,833
    Quote Originally Posted by Latindancer View Post
    Har har....that's half funny.

    I'll send you half a green..
    I'll take it, thank you



    Quote Originally Posted by baldrick View Post
    black humour in these dark times
    Nice!

  14. #14
    Member Bettyboo's Avatar
    Join Date
    Nov 2009
    Last Online
    @
    Location
    Bangkok
    Posts
    32,695
    Quote Originally Posted by kmart View Post
    The people with the real money and power don't have to declare their wealth.
    You mean like Mrs Boo?



    I wanna see some of these lovely folks (not Mrs Boo) catch the virus and errm, use your own imagination from there on in; I mean, imagine some Thai tycoon with previous health conditions getting the virus - Merry Xmas, Happy Birthday and have a Happy New Year!
    How do I post these pictures???

  15. #15
    [at][at][at][at][at][at] SKkin's Avatar
    Join Date
    Jan 2008
    Last Online
    @
    Location
    39.2014 N, 85.9214 W
    Posts
    7,460
    Quote Originally Posted by jabir View Post
    Unverified, but one commentator said that part of the main stimulus package includes an item injected by the House to ensure that no Trump business could benefit from it.
    That doesn't include tax breaks. Just direct aid via loans. From that CNN article I linked:

    Senate Democrats have pointed out that the stimulus package bars The Trump Organization, which owns stakes in several hotels, golf courses and resorts, from receiving any direct aid via loans.

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
  •