Category Archives: economy

It’s a Small World After All

July 2, 2008 – 1:35 pm

The world has gotten bigger as the economy shrinks during the present crisis. Airlines are cutting service around the globe and due to a prediction of 10-20% decrease in air travel the Bangkok-Anywhere flights are being trimmed in accordance with the drop in tourism. The high baht and tense political climate has also contributed to […]

By Peter | Also posted in Asia, Travel | Comments (0)

No Brakes Global Economy

June 23, 2008 – 1:02 pm

  I graduated from Boston College with a degree in economics. My grade average was a little better than a C- and accordingly my work experience has never tapped on whatever knowledge I ignored during classes with Robert B. Samuelson, now a contributor to Newsweek Magazine, yet my mind responds freely to any stimuli about […]

By Peter | Also posted in Palm Beach, world | Comments (0)

Prices Set to Soar

June 19, 2008 – 9:46 am

Get ready for anger at shops everywhere, as the Thai Commerce Minister has approved price increases for over 60 essential products for individual consumers, as manufacturers have said they can no longer maintain a cap on prices due to rising oil cost. Items such as powdered milk, soaps, toothpaste, shampoo,m deoderants, and general household and […]

By Peter | Also posted in Asia, Thailand | Comments (0)

Thailand Inflation Rates Predicted to Rise

June 14, 2008 – 1:37 pm

Bank of Thailand Governor Tarisa Watanagase preddicted double-digit inflation later this year as consumers spend money fast to compete with rising prices rather than lose value by saving. This spending spree may sound great to mall owners, however the common folk will find themselves struggling to make ends meet, while the mega-rich piss and moan […]

By Peter | Also posted in Asia, Thailand | Comments (0)

Baht Ups and Downs

June 12, 2008 – 7:42 am

Two years ago the baht was at 40. Beer was cheap for foreigners. Hotels too, then the dollar and pound slipped against both the baht and Euro, until the baht threatened to seek shelter under 30 baht to the dollar, however the current infaltionary cycle of almost 8% has eroded the baht’s strength against the […]

By Peter | Also posted in Thailand | Comments (0)