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> Thai economy is again ASEAN 2nd worst performing (News)

hippihippo
post Feb 16 2015, 04:01 PM, updated 3y ago

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Thailand's economy barely grew last year as tourism, investment and exports fell after months of anti-government protests and a May coup. The National Economic and Social Development Board said Monday the economy grew only 0.7% in 2014, falling short of expectations of 1% growth. This may be the second straight year Thailand is ASEAN second worst-performing economy after Brunei.

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Hit by riots and coup, the Thai economy is scheduled to be the 2nd worst performing in ASEAN

The government however said economy will expand between 3.5 and 4.5 percent in 2015 as world growth picks up and tourism, exports and investment recover. Renowned for its pristine beaches and high quality rice, Thailand is also a manufacturing base for electronics manufacturers and several global automakers, including General Motors Co. and Toyota Motor Corp.

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GDP of Thailand grew only 0.7% in 2014

Thailand was hit by months of anti-government protests before the May coup, which was the latest major episode in a decade long battle between the country's ruling class and a populist political movement started by telecoms billionaire and former prime minister Thaksin Shinawatra. The coup has ushered in a period of relative calm but deep divisions remain.

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GDP of Malaysia grew 6% in 2014

The agency said the political instability made the number of tourists decline by 1.77 million people compared with 2013. Export volumes rose slightly last year but prices fell, producing a 0.3% drop in export value overall. Thailand temporarily lost its crown as the world's top rice exporter as it stockpiled rice in an attempt to force up global prices after introducing large subsidies for rice crops.

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GDP of Indonesia grew 5.02% in 2014

Elsewhere in Southeast Asia, Malaysia's economy raced to a strong finish, recording a 6% growth for 2014. The private sector spending was the key driver of growth between October and December. Bank Negara, the country's central bank, said capital spending in the manufacturing and services sectors was the "anchor of growth" in the last quarter of 2014 as exports, especially commodities, slowed. Private-sector investment jumped 11.2% and consumption grew 7.8% ahead of a new goods and services tax that takes effect in April.

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GDP of Philippines grew 6.1% in 2014

In the Philippines, GDP growth was 6.1% in the 2014. A Philippine official recently said the country no longer deserved to be branded the "sick man of Asia" given its fast economic expansion. The 2014 performance makes the Philippines the second fastest-growing Asian country behind China, and ahead of Vietnam, said the country's Socio-Economic Planning Secretary Arsenio Balisacan.

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GDP of Vietnam grew 5.98% in 2014

Vietnam's economy grows 5.98% in 2014 after Hanoi eased investor fears following the oil rig incident with China. It is the highest in 3 years, despite a festering banking crisis and damaging anti-China riots, authorities said. The communist nation however, is still struggling with a number of economic troubles including bad debts in the banking system, weak economic competitiveness and inefficient production.

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GDP of Singapore grew 3% in 2014

Indonesia's economic growth slipped to its weakest in five years in 2014 at 5.02% as weak exports and investments dragged, underlining the challenges facing the country's new President Joko Widodo. Exports of primary commodities such as coal and rubber fell last year, as growth slowed in large markets, notably China, while a mineral export ban hit copper and nickel ore shipments. Oil and gas exports also fell.

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The first 9 months data reveals that Brunei GDP is expected to fall again in 2014, after falling 1.8% in 2013

Singapore says its 204 full-year GDP growth will probably be revised upwards to around 2.9 to 3 per cent. As one of the four original Asian Tigers, the economy of Singapore has matured to developed status, and therefore slowing down. Prime Minister Lee Hsien Loong last year announced that the city-state should get used to the new norm, that is 2-3% growth. During the 1960s to the 1990s, Singapore's average GDP growth was 8% a year.

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Myanmar, who recently opened up the country, is set to be ASEAN fastest-growing economy

The 4 smallest economies of ASEAN have yet to release their figures, but Brunei is expected to register a fall in GDP for the second consecutive year (it recorded -1.8% in 2013 - the only Asian state to record a fall), Myanmar could possibly grow 7.8%, Laos 7.2% and Cambodia 7%.


http://abcnews.go.com/International/wireSt...s-coup-28991119
http://www.nst.com.my/node/72681
http://www.rappler.com/business/79477-viet...dp-2014-economy
http://www.dw.de/the-philippines-has-trans...nomy/a-18225955
http://www.gmanetwork.com/news/story/41952...economy-in-2014

This post has been edited by hippihippo: Feb 16 2015, 04:18 PM
M4A1
post Feb 16 2015, 04:03 PM

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malaysia not bad what 6% .....


meteoraniac
post Feb 16 2015, 04:05 PM

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syukur ada Brunei dapat first spot every year..
xbbshampoo
post Feb 16 2015, 04:05 PM

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good, more thai girl comes to malaysia brows.gif
apj8188
post Feb 16 2015, 04:05 PM

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Syukur msia maju jaya
Nauts
post Feb 16 2015, 04:06 PM

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Bad economy but Thai currency goes up...
HITMAN316
post Feb 16 2015, 04:07 PM

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Syukurlah di bawah UMNO/BN, Malaysia menikmati kestabilan politik.

Syukurlah di bawah UMNO/BN, kes rogol tak berleluasa seperti India.

Syukurlah di bawah UMNO/BN, Malaysia akan ada index Syariah dan Hudud.
nikita zuleica
post Feb 16 2015, 04:07 PM

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In the middle of decline oil price and 1MDB debt debacle, suprisingly we outperform most of our neighbour infact just o.1 % fall behind The philippines which is strongest in term of economic exspansion, i tot we will grw only around 4 to 5 %
noien
post Feb 16 2015, 04:07 PM

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here comes the gst to boost the economy
adolph
post Feb 16 2015, 04:07 PM

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QUOTE(M4A1 @ Feb 16 2015, 04:03 PM)
malaysia not bad what 6% .....
*
6% ke atau lower 6% also useless,
money still belong to the government.

Malaysia ringgit still failing and again, can't even against singapore dollar.
what is the use.
TOMEI-R
post Feb 16 2015, 04:07 PM

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We have to thank the Thais for leaving us with some remnants of foreign investors.
SushiBurgerX
post Feb 16 2015, 04:07 PM

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yah yah 6% growth...ACCORDING TO STATISTIC COMPILE WHO????

According to our Gov, 1MDB also no problem. >RM50 billion debt no problem. Cannot pay back loan, no problem. Pinjam from Ananda.

Our Government credibility is???

cheng! cheng!

You BELIP?

I WANT TO BELIP.
<Insert X-Files theme music>
M4A1
post Feb 16 2015, 04:07 PM

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QUOTE(adolph @ Feb 16 2015, 04:07 PM)
6% ke atau lower 6% also useless,
money still belong to the government.

Malaysia ringgit still failing and again, can't even against singapore dollar.
what is the use.
*
at least we are growing , not as bad as what PR said brows.gif brows.gif brows.gif
DarkAeon
post Feb 16 2015, 04:08 PM

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QUOTE(HITMAN316 @ Feb 16 2015, 04:07 PM)
Syukurlah di bawah UMNO/BN, Malaysia menikmati kestabilan politik.

Syukurlah di bawah UMNO/BN, kes rogol tak berleluasa seperti India.

Syukurlah di bawah UMNO/BN, Malaysia akan ada index Syariah dan Hudud.
*
beribu-ribu tania Malaysia berjaya whistling.gif
adolph
post Feb 16 2015, 04:09 PM

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QUOTE(M4A1 @ Feb 16 2015, 04:07 PM)
at least we are growing , not as bad as what PR said  brows.gif  brows.gif  brows.gif
*
For me, if ringgit failing.
they talked whatever also "junk" for me.

we are still poor due to currency exchange.

Lord Tiki Mick
post Feb 16 2015, 04:12 PM

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QUOTE(Nauts @ Feb 16 2015, 04:06 PM)
Bad economy but Thai currency goes up...
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Who cares about the currency. If you make currency high, imported stuff becum pricey. Then people no money buy. After that, Malaysian started building ciplak version, which people can afford. Company becum bigger, later no ciplak no more. Malaysia becum maju country beat Singapork. flex.gif
yokoloco
post Feb 16 2015, 04:16 PM

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yesss now we can compare to Thailand and Zimbabwe
fantasy1989
post Feb 16 2015, 04:19 PM

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QUOTE(yokoloco @ Feb 16 2015, 04:16 PM)
yesss now we can compare to Thailand and Zimbabwe
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of course we are comparing to thailand

like some /k keep comparing thailand "free" highway
whyamiblack
post Feb 16 2015, 04:22 PM

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Good lah. Boleh spend extra at Danok brows.gif
zstan
post Feb 16 2015, 04:25 PM

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MALAYSIA BOLEH HIDUP BN
DValentine
post Feb 16 2015, 04:25 PM

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internut satelite tv cheap got 7 use ka

see la tomyumseller aka stren89
shinoxun
post Feb 16 2015, 04:26 PM

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QUOTE(Nauts @ Feb 16 2015, 04:06 PM)
Bad economy but Thai currency goes up...
*
+1 vmad.gif
un.deux.trois
post Feb 16 2015, 04:32 PM

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Good. Now total GDP of Malaysia is not far from Thailand, despite our population half of them. brows.gif
arubin
post Feb 16 2015, 04:47 PM

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Yup, yet another summon for resident tomyam wannabe stren89.

Its like I've pointed out...yeah, Malaysia has problems but it really ain't better over there. You just think its better in Thailand cos expats get to see the country via rose-tinted glasses.
sheiberlee
post Feb 16 2015, 04:51 PM

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QUOTE(Lord Tiki Mick @ Feb 16 2015, 04:12 PM)
Who cares about the currency. If you make currency high, imported stuff becum pricey. Then people no money buy. After that, Malaysian started building ciplak version, which people can afford. Company becum bigger, later no ciplak no more. Malaysia becum maju country beat Singapork. flex.gif
*

bukan currency high, import cheaper ka?
kausar
post Feb 16 2015, 04:54 PM

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later Myanmar will beats thai becoz labor there is cheap
thinkaboutit
post Feb 16 2015, 05:00 PM

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3% or 6%. do you guys feel the fcuking difference?
teehk_tee
post Feb 16 2015, 05:07 PM

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Thailand has so much more opportunities than msia. Baht appreciation already 9%. And the money goes so much further there
+3kk!
post Feb 16 2015, 05:07 PM

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QUOTE(Lord Tiki Mick @ Feb 16 2015, 04:12 PM)
Who cares about the currency. If you make currency high, imported stuff becum pricey. Then people no money buy. After that, Malaysian started building ciplak version, which people can afford. Company becum bigger, later no ciplak no more. Malaysia becum maju country beat Singapork. flex.gif
*
currency high import cheaper ,

but that has been done before

the countries who did that, went bankrupt

laugh.gif
Wassupman
post Feb 16 2015, 05:08 PM

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i dont belip msia got GDP 6% la... its all cover up story only...
OvenBaked
post Feb 16 2015, 05:10 PM

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I never see thai ppl complain 'we are going to be the next bagnla,zimbabwe etc, meanwhile here in mehsia ppl always complain everthing, doomsday inkambing to msia blablablabla
ochivy
post Feb 16 2015, 05:11 PM

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Their exchange rate still better than ours.
+3kk!
post Feb 16 2015, 05:12 PM

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QUOTE(OvenBaked @ Feb 16 2015, 05:10 PM)
I never see thai ppl complain 'we are going to be the next bagnla,zimbabwe etc, meanwhile here in mehsia ppl always complain everthing, doomsday inkambing to msia blablablabla
*
singapore complain more

hence

in order to achieve developed status

we need to complain more than singapore

as it stands i believe we complain too little
ochivy
post Feb 16 2015, 05:12 PM

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QUOTE(teehk_tee @ Feb 16 2015, 05:07 PM)
Thailand has so much more opportunities than msia.  Baht appreciation already 9%. And the money goes so much further there
*
Even my thai colleague ask me about the policies here in Malaysia. She feel Thailand much better despite red vs yellow shirt.
angelgemini
post Feb 16 2015, 05:17 PM

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QUOTE(adolph @ Feb 16 2015, 04:09 PM)
For me, if ringgit failing.
they talked whatever also "junk" for me.

we are still poor due to currency exchange.
*
fast fast migrate to Kuwait.
1KWD = RM12
teehk_tee
post Feb 16 2015, 05:19 PM

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QUOTE(ochivy @ Feb 16 2015, 05:12 PM)
Even my thai colleague ask me about the policies here in Malaysia. She feel Thailand much better despite red vs yellow shirt.
*
I do a fair bit of investments there, a farang PoV is quite different frm local thais but sentiment there is generally better. U deploy 1mil usd capital it just runs 1.5-2x of what msia can give. Red v yellow is sensitive but non issue.. Since reds are mainly farmers frm chiangmai or isaan. Bangkok and southerners pro army n royal one. Cant say much due to lese majeste but army is not necessarily negative depending on which camp u are
soulhunter87
post Feb 16 2015, 05:20 PM

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thai girl always sold out-this article is not legit
internaldisputes
post Feb 16 2015, 05:21 PM

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aww i missed the days when malaysian economy is totally fudged up and we were all having fun condemning our beloved nation.
OvenBaked
post Feb 16 2015, 05:21 PM

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QUOTE(+3kk! @ Feb 16 2015, 05:12 PM)
singapore complain more

hence

in order to achieve developed status

we need to complain more than singapore

as it stands i believe we complain too little
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Complain and Look down is different thing
ichi_24
post Feb 16 2015, 05:29 PM

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Indon and viet behind just lurking behind us
ochivy
post Feb 16 2015, 05:34 PM

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QUOTE(teehk_tee @ Feb 16 2015, 05:19 PM)
I do a fair bit of investments there,  a farang PoV is quite different frm local thais but sentiment there is generally better.  U deploy 1mil usd capital it just runs 1.5-2x of what msia can give.  Red v yellow is sensitive  but non issue..  Since reds are mainly farmers frm chiangmai or isaan. Bangkok and southerners pro army n royal one. Cant say much due to lese majeste but army is not necessarily negative depending on which camp u are
*
Yeah but over there, there's no katak rubbish. The chinese are treated quite well.
teehk_tee
post Feb 16 2015, 05:39 PM

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QUOTE(ochivy @ Feb 16 2015, 05:34 PM)
Yeah but over there, there's no katak rubbish. The chinese are treated quite well.
*

yeah there is more class warfare. But thai has no race.. Only thai. U dark skin white skin as long thai then compatriot d haha but if u laotian or myanmar u are lower class lol
stren89
post Feb 16 2015, 05:43 PM

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All these GDP growth percentage released by central banks are after all fabricated to soften the cronies songlap attempts.

Thai economy 2nd worst performing?

How come their currency today like almost RM1.2 to 10baht now?

How come their food and tourism industry booming unlike ours?

How come their property sectors are still more affordable than overpriced Malaysian homes?
WhitE LighteR
post Feb 16 2015, 05:50 PM

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will Brunei soon export maid out to other countries?
Lord Tiki Mick
post Feb 16 2015, 06:32 PM

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QUOTE(sheiberlee @ Feb 16 2015, 04:51 PM)
bukan currency high, import cheaper ka?
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I mean high forex la. sweat.gif

QUOTE(+3kk! @ Feb 16 2015, 05:07 PM)
currency high import cheaper ,

but that has been done before

the countries who did that, went bankrupt

laugh.gif
*
Not to high la. Cukup-cukup makan only. blush.gif
stren89
post Feb 16 2015, 06:36 PM

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Phuket now preparing for LRT construction liao.

Malaysia second city when with LRT?
adren1
post Feb 16 2015, 06:47 PM

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melaka monorial what happen?
adren1
post Feb 16 2015, 06:54 PM

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Rm 100 = Thai Baht 910.46


hippihippo
post Feb 17 2015, 01:53 PM

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QUOTE(adren1 @ Feb 16 2015, 06:54 PM)
Rm 100 = Thai Baht 910.46
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Rm 100 = 30,725 Korean Won laugh.gif
t3arsCulprit
post Feb 17 2015, 02:14 PM

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QUOTE(hippihippo @ Feb 17 2015, 01:53 PM)
Rm 100 = 30,725 Korean Won laugh.gif
*
RM 100 = TWD 877.54


Ringgit no more value d.. laugh.gif laugh.gif

Even Thai Baht is higher.. doh.gif

This post has been edited by t3arsCulprit: Feb 17 2015, 02:15 PM
empyreal
post Feb 17 2015, 02:21 PM

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QUOTE(stren89 @ Feb 16 2015, 05:43 PM)
All these GDP growth percentage released by central banks are after all fabricated to soften the cronies songlap attempts.

Thai economy 2nd worst performing?

How come their currency today like almost RM1.2 to 10baht now?

How come their food and tourism industry booming unlike ours?

How come their property sectors are still more affordable than overpriced Malaysian homes?
*
because currency isnt an indicator of economic growth. if it was, kuwait would be the world's strongest economy.

and i hope you recognise the irony of you basing your argument of 'the central banks fabricating thailand's gdp data because the baht is 'strong'' when in fact the thing central banks can affect is the relative value of the currency.



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