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Bankruptcy warned for Thailand if Bt2 trillion loaning bill is passed: Democrat


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Democrat party-list MP Pusadee Tamthai said Friday evening during last day of the House Debate on proposed Bt2 trillion infrastructure projects that she fears that the kingdom may become financially broke if things did not proceed as claimed by the Yingluck Shinawatra administration. Pusadee said bad planning and corruption could spell doom.

 

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 that may not be a bad idea,,,,,,,,,,,it would mean the baht would go to shit ! 

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 that may not be a bad idea,,,,,,,,,,,it would mean the baht would go to shit ! 

I'm all for that ;)

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Yes, and I finally could buy condo at VT 6 !!!!!

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Cyprus here we come.

Umm, I was planning leaving some extra baht in K bank ..... Bad idea ?

 

 

 

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So the government wants to borrow a boat load of cash and then participate on massive public works programs that are perfect for wide spread corruption? Tasty if your a family member close to government. Seems like a disaster waiting to happen if it goes through.


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Very interesting?  Looking for property in Thailand & starting a business.  I guess I'll wait it out a little while longer before making any more major deposits into my Thai bank account...

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dream on, thailand debt to gdp ratio lower than all our western countries even after this loan.

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Will there be a 35%- 60 % tax deductions for those who have over 1 million Bt in savings like Cyprus recent events ???  Could happen, they want to protect the Thai people and fleeced all falangs savings instead. 

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