tangerinehouse

So for now i think all banks "join the Rip-Off the Farang" Party.

Today try at Krung Sri and Thanachart with VISA CC both charge now 180THB.

The biggest Problem here is that there is no competition within the Banks all charge the same at the same Time increase the fees..there was for shure some Phone Calls beetween the Biggest Banks how to squeeze out more from the Farangs...

Btw.. here is grat Link to an US Site who Explain this new DCC Scam: Yust say no :http://thepointsguy.com/2013/07/just-say-no-to-dynamic-currency-conversion/

so the only way is

1 . say NO!! and 2. Let as much people as possible now about this scam.

If you pay with Master or Visa now in Central Festival, Tesco, Boots or in Bangkok Hospital and mant Hotels you must to take an look as well as now more and more Business owners in Thailand join the Scam. So make shure that you tell the Cashier that you want to pay ONLY in THB. The try to cheat me the other Day in Tesco North Pattaya..so i refuse to sign and they cancel the Whole Shopping Cart Items. After they scan it all piece by piece agian..... I think it is the only way to fighting back to this DCC Scam.

April Fool....555

But as most of Thais dont have any Idea how to drive..it will not make an big Change after all, even if it becomes true!

How does this and the other 2 topics on the Thai economy on todays news fit with he recent Fitch upgrade?

They( the Rating GUYS) are ALWAYS behind the Curve..Greece was Investmet Grade until erryone know that they cant pay theier Debt...It is an grat contra Indicator..if Fitch or S P downgrade Thailand to Junk in an Decade or so you can think to invest again:) If they give them another Upgrade take your Money and RUN!!!

The Stock Market is in an Bubble for shure..With PE between 40and 100 you
pay up to 100 Year !!Earnings for many Companies here..and as i stay
here daily at an local Broker i see every day the people come here an
open Accounts ..Even some Motorbike taxi Drivers flocked in ...and want
to become rich quick as they hear from other people that there is an
sooooo easy way to make money..... What is not an very good Sign.. My
Feeling is it can go an bit higher from here..but over an Period over
1-2 Years i will give you an Guarantee that you will loose your last
Shirt if you Buy and Hold now: ) I stay here at the Stock market for at
least 15 Years but what is happen in the last 2 Month or so is
Insane.....

Thats so extremly Bad News for the Consumer.

Even now the Price in the Supermarkets are more high then (for example) in Germany.

Theres no Market anymore the two Giants can raise the Prices wherever they want.

I believe that Thai Politics play an big role in this game as there not much markets in the world who have nearly no competion in this sector.

The bst way is maybe buy the Stock of BIG C so can catch a gain on the Long TErm from the HUGE profits they will make in the future.