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ExpatOilWorker

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Everything posted by ExpatOilWorker

  1. ExpatOilWorker
    Remove the street stalls and side walks will become a race track for motorcycles.
  2. ExpatOilWorker
    Now you know...at least a little bit. Straight from the EOW university, where I teach. You can sit next to LA and CR next time. Some EVs use an electric vacuum pump, but others use electric motor-driven actuators which assist the driver's brake pedal input. https://www.straitstimes.com/life/motoring/torque-shop-how-do-brakes-of-evs-work#:~:text=Some EVs use an electric,brake pedal and master pump.
  3. ExpatOilWorker
    Vinny41, you were right...again! How do you do it? https://www.reuters.com/business/autos-transportation/eu-set-allow-possible-retroactive-tariffs-chinese-evs-2024-03-05/
  4. ExpatOilWorker
    Even though EVs are new to the Thai market and have been hyped up, they are dropping prices almost every month. Something is fishy 🐟 and for now EVs are best avoided. ICE car manufacturers have just recently joined the discount party, by slashing almost 30% of their prices. Your best strategy is to watch the market in 2024 and get a good deal for your favorite new ICE. https://autolifethailand.tv/discount-official-suzuki-ciaz-thailand/
  5. ExpatOilWorker
    How much did you pay for the extra electronic key? I only have one key and if that one fails, oh well.
  6. ExpatOilWorker
    May I suggest you at least take a test ride on an Aerox before you commit to a Click. Amazing ride, keyless and ABS.
  7. ExpatOilWorker
    I can teach Srettha to fix the economy: Lower corruption! OK, class is over and if still can't find Thailand, then it is because it is down below Sout Africa and Argentina.
  8. ExpatOilWorker
    90% of FCD holdings are in USD and 95% are in corporate accounts, which kind of make sense for an export oriented manufacturing base like Thailand. CNY is only $512 million out of $21.2 billion. However, this is only for Thai FCD accounts and there is a $3 billion gab from the November 2023 $22 billion in the OP to the BOT's numbers. This could be non-residents holdings, but I can find any solid data on this. FM_CD_001.csv FM_CD_003.xlsx
  9. ExpatOilWorker
    Only a few banks are desperate for USD, among them the Chinese bank ICBC. https://app.bot.or.th/FCDReports/FCDReportViewer.aspx?id=9
  10. ExpatOilWorker
    A serious discount on a serious car. Discount 830,000 ! Official price Mercedes-Benz E 300 e Plug-in Hybrid : 2,790,000 – 3,190,000 baht | Motor Show 2024 campaign.
  11. ExpatOilWorker
    An additional margin rate might be an extra 0.05% if you are a platinum customer with the bank. Other than that non-residents are treated equal to Thais.
  12. ExpatOilWorker
    Did you have a look at the attachment? It clearly state the same rate for residents and non-residents.
  13. ExpatOilWorker
    Looks like SCB is expecting a massive rate drop around June 2024, but offer a nice 5.1% until then. fcd-rates-en.pdf
  14. ExpatOilWorker
    Why not? You can open a FCD account and get the same interest rate as everyone else, see attached. 4.2% for USD sure is better than the 2% yield on the local currency. Rate_FCD_no.1_01.03.2024_EN.pdf
  15. ExpatOilWorker
    Everyone that bought an EV? Is there a prize 🏆 for the correct answer?
  16. ExpatOilWorker
    Actually no dinosaurs have ever been hurt in the production of fossil fuel. It was all down to some lazy fungi and bacteria that needed 30 million years to get an appetite for trees 🌳.
  17. ExpatOilWorker
    Do as the rich Thais, open a FCD account. https://thethaiger.com/news/business/foreign-currency-deposits-surge-in-thailand-due-to-global-rate-hikes
  18. ExpatOilWorker
    Actually I did invent that myself or maybe I was just confused by our Chiang Rai friend's lofty EV sales forecasts and thought the local market would easily gobble up the 150,000 cars BYD plans to pump out. Export it is then and the Thai plant is just BYD's cunning plan to enter the European market, just in time for Ursula to slap tariffs on Chinese made cars.
  19. ExpatOilWorker
    I feel so much better now, but wait what? Wasn't it written in the Thai subsidy program that for every imported vehicle manufacturers have to produce and sell (not export) 1 car in 2024, if not 1.5 cars in 2025?
  20. ExpatOilWorker
    I am a bit worried 😟 that BYD has saturated the Thai EV market even before their local factory has opened. They will have to export their way out of that hole. We have to go back to around 2003 to find sub 50,000 car sales numbers for Thailand. Apart, of course for a few months during Covid.
  21. ExpatOilWorker
    That is an unusual low car sales number for Thailand and with 25-30,000 cars repossessed every month, 50-60% of these cars will soon enter the second hand market.
  22. ExpatOilWorker
    Pib just shared the numbers '24: February 2023: 5,498 February 2024: 3,529 That is a 35.8% y-o-y drop. Hope you will stay around for another two months.
  23. ExpatOilWorker
    Remember the below: "If you mean the month compared to it's equivalent month in the previous year? I don't think we will ever see this happen 3 times in a row in our lifetime (in Thailand)." 2024 will be a tough year.
  24. ExpatOilWorker
    A few of us plan to stay around for a bit longer, so with the first sales y-o-y sales drop in February 2024, the future is not looking bright for JB. Vinny41 on the other hand nailed it and was just off by 1 month.
  25. ExpatOilWorker
    That is still 50 miles at 250 mph, while the BYD would burn through the 80 kWh battery in less than 5 minutes making it about 15 miles down the road at a way slower speed.

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