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tomacht8
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3 hours ago, candide said:
It seems there is another condition:
"The third reading also requires a majority vote of the parliament. However, that majority must also include one-third of the Senate, and 20 percent of MPs from all political parties which do not hold positions as cabinet members, Speaker of House of Representatives, or Deputy Speaker of House of Representatives."
https://prachataienglish.com/node/9086
I am not sure how to interpret this other condition, as it is translated in English from the original version. Is it 20% of all MPs, or is it 20% of MPs in each party?
20% of MPs in each party can not be. There are parties with only one seat in parliament. That would mean a total veto if that one MP is not present.
The 20% is probably a minimum requirement and refers to those present in order to have a quorum at all.
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30 minutes ago, phetphet said:
I received an email from Bitkub the other day. It was about learning more about the possible future introduction of CBDC. (Central Bank Digital Coin) or Digital Baht.
i can't find the full article in English, but here is a couple of paragraphs:
Dear Valued Customer,
Bitkub Exchange presents you to get to know digital currency called CBDC, also known as Central Bank Digital Currency, which refers to a digital currency issued by a central bank. In Thailand, the Bank of Thailand is currently developing the "Digital Baht".
CBDC, or Central Bank Digital Currency, is built on blockchain technology in many countries. It aims to increase transparency, and verifiability, and enable convenient and fast transactions. CBDC can be used as a medium of payment for goods and services, as it possesses a fixed value and can be legally used to settle debts.
Thailand is one of the first countries to start studying and developing CBDCs under the name known as "Digital Baht" and started trials with sample groups and 3 major banks in the country, namely Bank of Ayudhya, Siam Commercial Bank, and 2C2P (Thailand) Co., Ltd. started from the end of 2022 until the middle of 2023.
How are CBDCs different from cryptocurrencies? Will they affect the crypto market? Find out more in this article.All banks are trying to jump on this train. It's also a great idea for the Banks to do data networking with the great consumer retail - data - companys.
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5 minutes ago, Lacessit said:
Almost every time I go to the bank to withdraw cash for living expenses ( once a month ), I will see someone stashing away multiple wads of 100,000 baht in a tote bag.
I paid for a car with 450,000 baht in cash, it was accepted with enthusiasm.
IMO Thailand has a long way to go before it gets to Australia's level, where cash is probably less than 10% of transactions.
That's right. Everyone should take care of their personal information as best they can. I don't give my phone number when the 7/11 staff ask me, even if I buy chewing gum for 10 baht.
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11 hours ago, bang saen guy said:
He should be easy to control. High end watches are much cheaper in Dubai
It is strange that no proof / invoice of purchase can be found for the 22 luxury watches. That already smells as import tax evasion.
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At 61 you can easily get private Thai health insurance. The most important thing is to check that there will be no age limit for health insurance to kick you out in the future. Most health insurance policies are valid globally, with the exception of the United States. You can start with a basic health insurance without dentist and out patient service. Only for the case of a serious illness that requiring hospitalization. In order to find the best solution for you, you cannot avoid reading the fine print carefully.
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20 minutes ago, scorecard said:...... One we know has mentioned she's more than happy to have her sales income immediately in her bank account. ...
That does not make sense. If the seller gets cash directly in her hands, she still has her money in the fastest and most direct way that there is at all.
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20 minutes ago, scottiejohn said:
Another conspiracy theorist!
If you want to call it like that. OK.
In a cashless society, in times of economic downturn, the government could simply impose a daily limit on spending per day/month to stabilize the domestic currency, and prohibit the population from converting their bank savings into other currencies. Such a measure was recently taken for example in Turkey and Russia. Anyone can imagine what such measures would mean in a cashless society.
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20 minutes ago, brewsterbudgen said:I don't think there's any doubt that Thailand (like most of the developed world) is rapidly moving towards a cashless society. Even the street food stalls outside my son's school take payment by QR Code/phone. People will just have to get used to it - like I did!
The development is unfortunately true. It will hopefully be decades before the totally cashless society emerges. Money is power. And whoever has total control of the money has the power. Without cash, the power structure then shifts to a few selected institutions.
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1 minute ago, scubascuba3 said:
I don't need credit so it doesn't bother me
Well, then I hope for you that there are no strokes of fate or far-reaching investment decisions in your life.
Even if you don't need credit, it's good to have lines of credit for unforeseen events, like a motorcycle accident or a nasty STD, which will then also be on bank record.
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19 minutes ago, scubascuba3 said:they have bank accounts so will have their own QR code like we do, just scan their QR code and pay that way
LoL
and once the bank has an overview of what you spend your money on: bar visits, girls, drinks, condoms, casino, lottery, holiday destinations, massage, motorbike rental, etc. don't be surprised if your credit lines are terminated.
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Cash is also a store of value. Without cash, for example, savers can no longer avoid the low interest rates controlled by central banks and passed on by commercial banks by withdrawing their money. Citizens then only have the choice between real expropriation and forced consumption.
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6 minutes ago, save the frogs said:serious question.
if all cash disappears, how to pay for bar girls?
Then you have to buy gold jewelry in small units for pay. This has been working for a long time.
But that could cause trouble later when the government decides to tax gold ownership. If you bought it with QR before.
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The Cashless Society. Horror. Even more the transparent citizen. If every purchase can then be assigned to exactly one specific person. Then buy regular stomach or cough syrup in the supermarket with your QR code. Then you don't have to be surprised afterwards if the bank terminates your life insurance - due to the higher risk.
With acceptance of the cashless society, citizens would give up a large part of their freedom.
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16 minutes ago, sambum said:
"The Watch Scandal" indeed!
Prawit must have the lamest excuse(s) I have ever heard for his possession of those timepieces - so poor that they are laughable!
Firstly, to say that he "borrowed them from a friend" is bad enough! I don't know, or have ever heard of anybody borrowing a watch from a friend - let alone the numbers he is talking about.
Secondly, to say that he couldn't return them because the so called friend he borrowed them from is dead? Ridiculous -should he not have returned them to the "next of kin"?
Thirdly, to say "I had forgotten about them anyway" Who "forgets about" millions of baht's worth of watches, when he was actually pictured wearing one? (I suppose he could say that was one of his own - in fact they all appear to be his own now that the friend is dead!)
And to think that this conniving piece of humanity has even a chance of becoming Thailand's next Prime Minister beggars belief!
Fourth. Deputy Prime Minister Prawit insisted that the 22 luxury watches, which he did not claim as assets, were borrowed from his close but now deceased friend, although the executor claimed that his friend had no luxury watches on his inheritance list.
That makes you think of Pinocchio.
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Prayut and his buddy Prawit has been at the helm since 2014 and failed to create a positive momentum for the country and its people. On the contrary.
Standstill and regression in all areas:
- Modernization of the school and education system?
- Excellence in research?
- Better health care for all Thais?
- Set up a pension system?
- Land reform?
- Modernization of the authorities?
- Police reform?
- Reducing the national debt?
- Strengthening democracy?
- Investments in future technologies?
- Water and sewage security?
- Road safety?
- Waste management?
- Flood prevention?
- Reduction of corruption?
- Economic growth?
- Better distribution of income?
- Transparency in government spending?
- and much more.
With these results, the old power clique has no further eligibility in a future PM role.
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3 hours ago, h90 said:Oxford and Harvard is no achievement....building a successful company yourself is.....Thaksin did that....but with lot of corruption. That for sure makes him smart.
What kind of stupid definition of smartness is that? A PM who enriches himself through corruption, steals tax money and walks over dead bodies? You must have confused smartness with criminal recklessness.
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This Senate construction in the constitution has, beside others, the nasty disadvantage that it has been made almost impossible for changes to be made to this construction at all, without a majority approval of the Senate. The fox has been made the guardian of the chicken coop and that cannot be changed in the future.
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What a sweet mouth speech. But if you look closely, these are all just empty phrases. He consistently avoids naming names and parties. He is not ready to publicly analyze or present the current situation. That there is a coalition of 8 parties that represents a large majority in Parliament. Not a word from him about that. He also doesn't like the word democracy. He seems like a bad loser who's still secretly hoping for a miracle.
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28 minutes ago, soalbundy said:Pita didn't get a majority of the electorate, his party had the most votes out of all the parties contesting which is why his government would be a coalition of 8 parties I believe, a recipe for disaster. It was pretty obvious that the Senate would blackball him as he was too radical in their opinion, he should have kept quiet about some of his policies. Opening up the alcohol market was especially dangerous, there are a couple of very big players who would be against this, one of them is very influential.
The coalition has the majority in Parlament and they are all voted in by the people. They coalition (the majority) agreed for Pita as PM. And then we have the unelected Senators, who can block the will of the parliamentary majority with its 250 votes.
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These senators find it extremely difficult to explain what disadvantages other parties have suffered from what is, an on paper only itv media company that has ceased broadcasting since 2007 and has been delisted from the stock exchange since 2014.
For a rationally thinking observer, the whole fuss is just ridiculous. They try desperately to inflate a mosquito into an elephant.
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24 minutes ago, h90 said:No they can't neutralize the voting...but they can bend the outcome a bit. -snip-
... bend the outcome a bit?
This is a joke, right?
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"You have to pay the court 500,000 baht for the temporary release of the suspect. Are you convenient for that? And may I ask you straightly? Could you pay the same amount to my team?”
From the original source it sounds like 500K bail money for the court + 500K pocket money for the team.
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250 unelected people can neutralize the voting decision of a 60+ million population. System error, where the democratic majority principle is overridden.
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11 minutes ago, BritTim said:
It is possible that I am out of date. This detailed guide explains the rules as I understand them: https://www.samuiforsale.com/knowledge/foreign-work-permit-application-thailand.html. At the time I last looked into it, this exception, in particular, seemed to be widely allowed:
If the rules are unchanged, I hope disallowing the exception for married couples is restricted to Surat Thani, and is not now the policy nationwide.
Thx. I've read it and it's quite confusing. The fact is, however, that around 18,000 baht per year has to be paid in taxes and social security, even if you only work part-time in the Thai family company. The basis of assessment are these different minimum salaries for foreigners. Furthermore, the activity must not concern the fields of work that are forbidden for foreigners (aliens) anyway. I think that's what is meant by "honest employment."
- Manual work
- Work in agriculture, animal husbandry, forestry or fishery excluding specialized work in each particular branch or farm supervision
- Bricklaying, carpentry or other construction works
- Wood carving
- Driving mechanically propelled carried or driving non-mechanically-propelled vehicle, excluding international aircraft piloting
- Shop attendance
- Auction
- Supervising, auditing or giving service in accountancy excluding internal auditing on occasions
- Cutting or polishing jewelry
- Haircutting, hairdressing or beauty treatment
- Cloth weaving by hand
- Weaving of mate or making products from reeds, rattan, hemp, straw or bamboo pellicle
- Making of Sa paper by hand
- Lacquer ware making
- Making of Thai musical instrument
- Niello ware making
- Making of products from gold, silver or gold-copper alloy
- Bronze ware making
- Making of Thai dolls
- Making of mattress or quilt blanket
- Alms bowls casting
- Making of silk products by hand
- Casting of Buddha images
- Knife making
- Making of paper of cloth umbrella
- Shoemaking
- Hat Making
- Brokerage or agency excluding brokerage or agency in international trade business
- Engineering work in civil engineering branch concerning designing and calculation, organization, research, planning, testing, construction supervision or advising excluding specialized work
- Architectural work concerning designing, drawing of plan, estimating, construction directing or advising
- Garments making
- Pottery or ceramic ware making
- Cigarette making by hand
- Guide or conducting sightseeing tours
- Street Vending
- Type setting of Thai characters by hand
- Drawing and twisting silk-thread by hand
- Office or secretarial work
- Legal or lawsuit services
Thai Mobile Banking Apps Crash On Payday, Transfers Put Off
in Thailand News
Posted
Cashless mobile payment carries so many dangers and these clearly outweigh the alleged convenience benefits.
I worked for years in a marketing company doing data mining and consumer profiling. If you now imagine a large supermarket chain, the best data suppliers are those customers who can be clearly identified. And these are all those who pay cashless. Then you have the individual shopping cart + personal data + bank details + brand loyalty coefficient + shop loyalty.
All purchases/shopping carts can then be evaluated via the time axis. With all consumable products (detergent, coffee, toilet paper, etc.) you can then easily predict the range until a repeat purchase has to be made. This is then summed up by all consumers for each product. This then results in the purchase probability for each product in the next few days.
For all products with a high purchase probability, you can then easily readjust the prices using the digital shelf labels (many small temporary price increases).
The system then optimizes itself and then compares the forecast values with the actual values on a weekly basis. Gas stations and internet travel portals have been using dynamic pricing for some time. Cashless payment makes it possible.