Sealbash

Are you looking for climate controlled storage?

thats what keeps the gold shops ( money lending) and mafia lenders in business

I do not understand how gold shops are money lenders?

I have not read every post so perhaps somebody has mentioned that many multinationals buy and pay for their stock often a few years beforehand . The contract is signed and payment is placed in a suspended account until a delivery date , perhaps two or three years in the future. For example if the parent company of Big C has purchased 500 tons of frozen peas at x amount in 2012 and the market for frozen peas was high then then the company still has to base it selling price on the 2012 price to make back the loss when they are delivered and sold in 2015 . It works both ways of course - it is the basis of the futures markets and most multi - national companies play this game as a hedge against inflation..

You must have a different experience as me. I have a friend who is general manager of a Carrefour hyper market in my home country.

In the past when I was still in business I also sold sometimes to supermarkets.

The multinationals pay 90 days AFTER delivery, not up front, and with many items specifically new in assortment they pay only what is sold.

They will pay some on 90 day no doubt , usually the smaller or local suppliers who do not have the clout to negotiate like the bigger suppliers, but for the big players, the big multi-nationals it will be on the signing the contract, the money will go to a third party , usually a bank , who will hold the funds until and it will not be released until an agreed date , usually the delivery date , or certain conditions are met. . Interest etc will be negotiated in the contract of course. Therefore most of the prices are based on what was agreed to by the supermarket, or whoever is the purchaser, on prices agreed to ,perhaps a few years previously and the costs such as shipping has been factored in based on the costs agreed to in the contract . This will explain why with lower oil prices the shipping costs have not fallen..

So to get to the point now. Big C is owned by Geant-Casino in France, while tesco lotus is owned by Tesco in the UK.

Their homebrand products, which in case of Big C is Casino, are shipped over from the head office in France who pays their stock in Euro's to their suppliers. So for the head office the cost stays the same.

The office in Thailand needs to pay the French office in Euro's, because the origin of goods is Euroland. So even with your scenario it still means that the Thai branch get their goods cheaper than 6 months ago, due to the devaluation of the Euro.

Now even if the shipping costs have stayed the same, they make up for only a fraction of the price per item.

Same will happen with the goods Tesco-Lotus gets from Tesco in the UK.

No Anthony, the price paid is what has been negotiated and agreed to at the time of the signing of the contract and the contract will specify what currency it will be in . That is unless they renege on the contract . Again it is speculation that the right currency has been chosen for either party.. It is the same as plying the futures market. The company takes a punt on the price they agree to today will return them sufficient profit when the goods are delivered in whatever specified time frame..The goods are probably not even grown or manufactured . Many farmers will grow crops on consignment to a supermarket chain or a food processing chain on a the basis of a future agreed delivery date for an agreed amount . If a storm wipes out the crop then the farmer is in deep shit but if the crop comes in then all parties should be satisfied and the farmer gets his money.

Is it also possible some of these futures contracts are signed in USD? As is oil, etc?

Why would a European company who orders goods from another European company, the biggest part of those goods intended to be sold in Europe, get currency risk involved in the deal.

Are all products sourced by a Euro company sourced in a country using the Euro as currency? Nothing from outside the European Union? South America perhaps?

When a Euro country purchases oil from Saudi Arabia, it is traded in USD. You may not like it, but it is a fact for now. Trading futures in the USD stabilizes possible losses due to currency fluctuations. Simple economics, really.

Wall to wall stinking garbage strewn all along the coast in Pattaya.

Don't these people believe in trash cans or cleaning up after themselves?

I drove along the beach yesterday and I have never seen so much garbage except in a landfill.

Thais are the least environmentally conscious people I have ever seen.

There are many places much worse.

I have not read every post so perhaps somebody has mentioned that many multinationals buy and pay for their stock often a few years beforehand . The contract is signed and payment is placed in a suspended account until a delivery date , perhaps two or three years in the future. For example if the parent company of Big C has purchased 500 tons of frozen peas at x amount in 2012 and the market for frozen peas was high then then the company still has to base it selling price on the 2012 price to make back the loss when they are delivered and sold in 2015 . It works both ways of course - it is the basis of the futures markets and most multi - national companies play this game as a hedge against inflation..

You must have a different experience as me. I have a friend who is general manager of a Carrefour hyper market in my home country.

In the past when I was still in business I also sold sometimes to supermarkets.

The multinationals pay 90 days AFTER delivery, not up front, and with many items specifically new in assortment they pay only what is sold.

They will pay some on 90 day no doubt , usually the smaller or local suppliers who do not have the clout to negotiate like the bigger suppliers, but for the big players, the big multi-nationals it will be on the signing the contract, the money will go to a third party , usually a bank , who will hold the funds until and it will not be released until an agreed date , usually the delivery date , or certain conditions are met. . Interest etc will be negotiated in the contract of course. Therefore most of the prices are based on what was agreed to by the supermarket, or whoever is the purchaser, on prices agreed to ,perhaps a few years previously and the costs such as shipping has been factored in based on the costs agreed to in the contract . This will explain why with lower oil prices the shipping costs have not fallen..

So to get to the point now. Big C is owned by Geant-Casino in France, while tesco lotus is owned by Tesco in the UK.

Their homebrand products, which in case of Big C is Casino, are shipped over from the head office in France who pays their stock in Euro's to their suppliers. So for the head office the cost stays the same.

The office in Thailand needs to pay the French office in Euro's, because the origin of goods is Euroland. So even with your scenario it still means that the Thai branch get their goods cheaper than 6 months ago, due to the devaluation of the Euro.

Now even if the shipping costs have stayed the same, they make up for only a fraction of the price per item.

Same will happen with the goods Tesco-Lotus gets from Tesco in the UK.

No Anthony, the price paid is what has been negotiated and agreed to at the time of the signing of the contract and the contract will specify what currency it will be in . That is unless they renege on the contract . Again it is speculation that the right currency has been chosen for either party.. It is the same as plying the futures market. The company takes a punt on the price they agree to today will return them sufficient profit when the goods are delivered in whatever specified time frame..The goods are probably not even grown or manufactured . Many farmers will grow crops on consignment to a supermarket chain or a food processing chain on a the basis of a future agreed delivery date for an agreed amount . If a storm wipes out the crop then the farmer is in deep shit but if the crop comes in then all parties should be satisfied and the farmer gets his money.

Is it also possible some of these futures contracts are signed in USD? As is oil, etc?

Perhaps a few more sentences explaining on how extra polite the tourist lady was would help garner sympathy?

Perhaps this is not a perfect system, but it has proven very satisfactory for the past 15 years.

We have a 40 meter deep drilled well.

Water is supplied to a 10,000 underground tank via 2 pressure vessels with air charged bladders (accumulators), and a float valve in the underground tank. These tanks reduce constant cycling of the well pump when the pressure switch indicates the underground tank is full.

The underground tank has a submersible pump which maintains house pressure, again through 200 liter pressure tanks with bladders. The water goes from the pressure tanks, through filters prior to entering the house.

Drinking and cooking water has a separate faucet. This faucet has the typical three filter set up with a UV light.

I would recommend using filter housings of composite construction, rather than the stainless steel housings. Our experience with the stainless steel housings is the last only 5 or 6 years before corrosion causes the to begin leaking.

As mentioned, our system may not perfect for everyone, but it has worked for a number of years.

I should also add that the main well pump is on a timer, operating 1 hour twice a day.

PM me if you wish details.

If that had been BP you can be sure they would have been told to fix it years ago, no matter what the cost.

Buy then Taylor Energy was probably and American company with friends in high places.

It was an american company who ran the rig, but Anti British America made BP pay for it, America has two faces on many things, if its Involved in any thing one rule for the rest and one for Americas self interests.

Impulse beat me to it

There are strange things happening at Bangkok Bank. I was at the branch in Silom about to withdraw money from the ATM when I saw my reflection in the little mirror at the top. It looked funny. I always part my hair to the left but in the reflection it was to the right. Then I looked back and saw a black guy at the back of the line. At the same time at the machine next to me was a white guy. Behind him were a Thai couple. They were speaking in Thai.

Instantly I knew this was not a good situation and ran as fast as I could out the door. And, of course, I tripped and fell on the pavement causing a street vendor to grab my arm like he wanted to help me up. I punched the guy in the nose, jumped into a cab and here I am home and safe.

Ok, so does anyone know how the scam was supposed to work?

The mirror is often camouflaging a camera. The camera could easily be viewed on the black guy's cell phone, recording your PIN number, which is reflected in your hairline part. The white guy was part of the scam, placed there to increase your comfort level. And the Thai couple was there to take the blame. The street vendor was not part of the scam. He is a well known serial "arm grabber". Case solved.

Not only Thailand,

Name me another economy facing it`s worst economic in 40 years?

It is only Thailand.

You and about a dozen posters spend all day on TVF rebutting any criticism of the junta. Quite why no one knows, it is truly bizarre behaviour.

Venezuela

I was not aware of the Kasikorn option. Thanks for the info. But I needed a physical credit card for hotel check in, etc.

Would the reaction from the authorities in Amsterdam airport be any different? I imagine they would tell you to check with lost and found.

That is Halal method

Halal pork??

Excuse my sarcasm.

That is Halal method

A Thai license will suffice. I use mine in Europe, North America, Singapore, etc. no problem.

I would find out if it was a scam or not. Just because it is a scam, does not mean you are obligated to participate.

The baht is kept artificially high by being pegged to the USD.

If the currency were allowed to float it would definitely start sinking which would be great for exports and tourism but not so good for importers of eg. luxury items.

Now, who buys luxury items?

I was under the impression the Thai baht has not been pegged to the USD since 1997. At least, that is what all currency exchange information indicates.

Most Burmese come to Thailand to stay alive, an option not available to them in Burma.

The current situation there suggests that things maybe getting worse!

On what information do you make that statement?

Scam. The reasons for this opinion are: 1). Nobody in or from Myanmar calls their country "Burma". 2). Myanmar immigration is like a sieve. They do not check anything at any time. 3). You can not buy land in Myanmar. 4). Food poisoning does not last 7 months. 5). 4 months validity left in passport and can not apply for a new one? 6). Internal travel in Myanmar is NOT expensive. 7). It is not difficult for communications into Myanmar. Like every other country, everyone has a cell phone pasted to their ears. 8). As stated, the standard of living for many in Myanmar is quite low. But I know of no one who sleeps with mice crawling over them. Yes, I am living in Myanmar, and have been for some time, with frequent travel around the country and internationally.

But, a good story for those who wish to believe it.

Edit: One more - embassies are not located in the capital.

so rising thai public debt is not a problem anymore?

spend spend spend say credit card companies..

Credit card companies do not create debt. Irresponsible people do.

Ask for an official tax receipt on the visa company letterhead stating the purpose of the payment.

I tried an auto pool cleaner. It was quite expensive, but did not move as it should. The only thing I could deduce is that the suction that causes it to move was compromised by the grout channels between the tiles. I think the auto pool cleaner would work well on a pool that is not tiled.