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Terrifying footage shows the moment a wild crocodile charges at a group of rescuers trying to extract it from a pensioner's home

Wild crocodile sends Thai police running for their lives - Daily Mail
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World News / Casualties of the trade war
« Last post by thaiga on Today at 01:54:47 PM »
Casualties of the trade war

It seems the US-China trade war is going to affect more people in the two countries than first thought, in addition to the potentially devastating implications for the global economy.

The reason is that Chinese anger with the United States over tariffs on more Chinese goods is being expressed in some unexpected ways.

Local media reports say some Chinese hotels and restaurants are raising prices for American customers in an unofficial form of retaliation. The Global Times, the hawkish tabloid published by the People's Daily, says a hotel in Shenzhen has slapped a surcharge of 25% on American guests.

"The US provoked a trade war, we vow to accompany it to the end!" a notice from the Modern Classic Hotel Group declared. That hardly sounds welcoming, even to guests who are not holding American passports.

Front office manager Bai Lulu denied the report, saying all guests are treated equally. "We wouldn't charge one type of guest more than another. We have no idea where this news came from," she told Reuters.

However, a hotel employee who declined to be identified insisted the report was true, pointing to notices in the restaurant stating that Americans would be charged 25% extra. A spokesperson for the hotel said its manager was "really angry about the endless tariffs the US planned to impose on China".

Meanwhile, a picture circulating on social media shows a notice purportedly posted in a restaurant named Xianglixiangqin that serves Hunan cuisine: "US customers must pay 25% more when eating in the restaurant."

Many Chinese netizens have cheered such moves, including a blogger called "Cishisushi" who has 27.4 million followers on Weibo: "From now on, if you want to treat US nationals to eat in our restaurant, you have to pay 25% more. Please consult the US Embassy if you have any inconvenience."

"Well done! We should charge [extra] for US passengers' plane tickets as well," commented a Weibo user named "yijianfang". Another called on Chinese not to travel to the US anymore.

    Hi, everybody. I am a #soybean. I've been in the news lately because I'm caught in the middle of a trade war involving the two powerful countries of China and the United States. https://t.co/1up19zG6Vc pic.twitter.com/QEdyXqOMJu
    — China Plus News (@ChinaPlusNews) July 20, 2018

Things have certainly escalated since early this year when the two countries fired their initial tariff salvos. At the time, analysts saw little impact given the low direct exposure to affected sectors and companies. Also, both Washington and Beijing were still talking in hopes of reaching a deal that would narrow the $350-billion US trade deficit with China.

But tensions mounted on July 6 when each side imposed 25% tariffs on $34 billion worth of the other's goods. Washington has since threatened tariffs on an additional $200 billion in Chinese goods, which could take effect in September.

Further financial and economic fallout is possible. Fitch Ratings sees increased credit risk and even the prospect of ratings downgrades for corporate debt issuers if their businesses take a hit from tit-for-tat tariffs.

"A prolonged trade dispute resulting in weaker GDP growth, higher inflation, increased currency volatility or rapid changes in commodity prices could have wider rating implications," it said.

A quarterly survey by the Japan Center for Economic Research and Nikkei Asian Review found Asian economists growing more nervous.

"A trade war between the US and China will impact the supply chains of goods that are tariffed in both the US and China," Manokaran Mottain of Alliance Bank in Malaysia warned in the survey conducted in June in five Asean countries -- Indonesia, Malaysia, the Philippines, Singapore and Thailand -- plus India.

The Asian Development Bank also warned last week that the rise in protectionism from the US and countermeasures from China and others "could undermine consumer and business confidence and thus developing Asia's growth prospects".

    A trade war with China is useless; notions of China’s impending collapse are just ways for Americans to comfort themselves. China’s market size is a weapon, and if the US-China #TradeWar continues, China will emerge victorious: @HuXijin_GT #VideoFromChina pic.twitter.com/5YUKlXJ2su
    — Global Times (@globaltimesnews) July 19, 2018

As public sentiment towards the US turns bitter, the Chinese government is trying to keep things from getting worse. It is ordering Chinese media to refrain from personal attacks on Donald Trump and limiting open commentary.

But I'm not sure if Beijing's typically top-down approach will curb public anger with Washington, especially now that Mr Trump is stepping up attempts to make China change its intellectual property practices and high-technology industrial subsidy plans.

Charging American visitors more won't do any good for the hospitality industry in China or settle Sino-US disputes. This kind of behaviour should be avoided, rather than promoted.

And my message to Washington is that provoking trade disputes, partly through incendiary comments from the man in the White House, can only backfire. If the global economy starts to stumble, American people will certainly bear the brunt of the impact sooner or later.

bangkokpost.com
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Auction of confiscated properties exceeds expectations

 The Legal Execution Department successfully sold 158 of the 353 properties it auctioned on Saturday for Bt390.96 million in Nakhon Ratchasima, Buri Ram and Chaiyaphum provinces.

The properties were confiscated in 170 cases. The auction sales were 23.24 per cent (about Bt70 million) more than the previously assessed and starting prices, a source at the department said on Sunday.

The auction, held at Terminal 21 Korat mall and attended by about 400 people, also organised an exhibition to boost public awareness about Thai law, and provided free legal counsel, while promoting the department’s smartphone applications (see details at www.led.go.th/apps/android.asp).

Poonchai demonstrated ways of treating what is called “office syndrome” to 115 public members. 

nationmultimedia.com
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Baht expected to strengthen by year-end

 THE BAHT is expected to reverse course in the next few months, and the central bank is likely to raise the key interest rate in September, Tim Leelahaphan, an economist at the Standard Chartered Bank Thailand, has forecast.

Closely monitored risk factors to the economy include trade tensions and the impact of the boat tragedy in Phuket earlier this month on the tourism industry.

The baht would strengthen to Bt32.5 per US dollar from the current level of Bt33.5 per dollar by the end of the year, he said.

The dollar has been boosted recently by the expansion of the US economy and the rate hike by the US Federal Reserve. But large spending and tax cuts by the US government will lead to a larger budget deficit, which would weaken the US government’s financial position, he said.

A larger budget deficit would lower confidence in the US dollar causing it to weaken, he predicted.

He also predicted that the Bank of Thailand was unlikely to defy the trend of rising interest rates. The central bank’s Monetary Policy Committee recently changed its tone about the policy rate. They have started to discuss rate normalisation after keeping a historically low rate of 1.5 per cent so long, he said.

The central bank is likely to raise interest rate twice this year, by 25 basis points each time, to 2 per cent by the end of the year.

Another key reason for the rate hike is that the central bank will choose a gradual rate hike rather than a sharp increase later in order to avoid market jitters, he argued.

As the economic growth moves towards a broad-based growth, it could accelerate inflation, he warned.

He pointed out that Standard Chartered’s forecast differs from the consensus view that the central bank will keep the policy rate on hold for the rest of the year and will start to raise the rate next year.

Finance Minister Apisak Tantivorawong was also against an early rate hike, as he feared it would adversely affect consumers.

Tim believed that pressure from Apisak would not prevent the central bank from increasing the rate.

“Apisak also conceded that it is the responsibility of the central bank regarding interest rate policy,” Tim said.

Standard Chartered has forecast economic growth rate of about 4.3 per cent this year, compared with 4.5 per cent projected by the Finance Ministry.

Upside risk could be possible if the government makes clear in September about the date of the next general election.

The lifting of the political ban will lead to political campaigns across the country and that could boost consumer spending, especially upcountry, he said.

He was optimistic that the trade dispute between the United States and China would not get out of hand.

He, however, said close monitoring is needed to see how the trade disputes would play out.

Some analysts believed that trade tensions could escalate into a full-blown trade war as US President Donald Trump recently made a fresh threat to impose tariffs on Chinese goods worth US$500 billion.

The International Monetary Fund has warned that the trade dispute between the US, with major economies China, Europe, Mexico and Canada could slash global economic growth by 0.5 percentage points by 2020. It maintained its global economic growth forecast at 3.9 per cent this year but said trade volume would be less than expected, rising 4.5 per cent against its previous forecast of 4.8 per cent.

Another risk factor is the fallout from the boat tragedy in Phuket on the tourism industry, as more than 40 Chinese tourists lost their lives.

Tim said he did not think it would have a big impact on Chinese tourist arrivals.

nationmultimedia.com
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Half as serious and less / Re: Nans moans keep out
« Last post by nan on Today at 11:17:04 AM »
where are the real criminals,not the croc swimming up and down on a Phuket beach teasing and taunting all that's viewing him.not the street vendors being kicked off khaosan road,just trying to earn a living. we all know who the real bad guys are.

this week still being dominated by Trump's extraordinary inaugural summit with his friend Vladimir Putin,at which he seemed to take at face value the Russian leader's denial of election meddling,how can he dismiss the findings of his own intelligence chiefs,no point in having them.

i nearly forgot the top cop spotted with Thaksin and Yingluck,been suspended,no not by a piece of rope,suspended from his duties pending an inquiry. a life of luxury flitting off to the uk watching the football.how the other half live.now where's the (boss) red bull runaway.what a difference between the wealthy and the poor. THE REAL THAILAND you might say.

The sad news. after all that bad weather in japan killed well over 100 people,now they have a heatwave that has killed more than 30 with 12,000 rushed to hospital,the weather agency said last Sunday's temperatures exceeded 35 degrees

Japan: Heatwave grips nation
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General Discussions / Re: Real Thailand
« Last post by thaiga on Yesterday at 06:58:10 PM »
Yes we would miss Thailand and i'm happy i missed the bus :-[

The party bus is waiting

PARTY BUS BANGKOK IS COMING #TheNightYouDesire
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General Discussions / Re: Real Thailand
« Last post by nan on Yesterday at 04:11:01 PM »
don't you just love it

รวมฮิตสุดยอดลายพิณพื้นบ้านชุดที่1และ2
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Half as serious and less / Re: Nans moans keep out
« Last post by nan on Yesterday at 04:03:00 PM »
while there digging up all the paperwork they can find about trump,unsworths mum who is the grand age of 88 says,elon needs his mouth taped up. bless her. no news on the Phuket croc yet,could always tempt him out with the mini sub to play with. if your after the lottery numbers,might be an idea to ask the guy in the video below from 2016.  he's going to  WIN!  WIN!  WIN! or is he hollering for win taxi motorcyc

Donald Trump: You gonna win so much you may even get tired of winning
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Korat News / Re: Korat plantations destroyed by wild elephants
« Last post by thaiga on Yesterday at 02:41:32 PM »
Beano or the Dandy jivvy  ;D

intelligence test  who was gnasher  GRRR!
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Korat News / Re: Korat plantations destroyed by wild elephants
« Last post by jivvy on Yesterday at 01:36:13 PM »
Quote
Planters have to stay alert around the clock to watch for the wild elephants and push them away.

He said concerned government agencies have mobilised volunteers from villages in the area to keep a lookout for the wild elephants and push them away before they can cause more destruction.

Desperate Dan Where are you?  Need you to push the elephants away
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