Bath going back to B50 for 1€ ?
The THB is decreasing in value all this week, and the budgetary 'crisis' in Thailand isn't looking good.
This is really bad for Thai people, because of the rising inflation. This is not going to be compensated by the change to the minimum wages in April, but this will actually speed up the inflation. Also the people that need this won't get it anyway...
On the other side of the story we have good news for the expat and tourists. These changes are good for foreigners who like to spend some $ or € in Thailand
and today I read in the papers:
The Bank of Thailand has dismissed proposals by the finance minister to stimulate the economy with a weaker baht and lower interest rates.
Some more recent news:
- Private hospitals are predicting chaos in the health service when free treatment for emergency cases begins on Sunday.
- Energy Minister Arak Chonlatanon affirmed the ministry has no plans at the moment to increase contribution from diesel and petrol sales to the Oil Fund, as the retail price for motor fuel is still high. (Bangkok Newsroom)
- Thailand's healthcare expenditure is expected to grow 8.4 percent a year from 2010-20 to reach US$25 billion (770 billion baht), according to business research and consulting firm Frost & Sullivan.
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