Senechal

There's no way this is just 2 weeks. We should all understand that by now.

21 hours ago, kingofthemountain said:

imo Thailand and the banks can keep the happy face for a while

 

they had a massive reserve of foreign currencies (Due to the previous golden years of tourism and the massive export sector)

now even if this tourism flow is drying, the foreign money is still flowing here by transfers (Expats with a pension, sponsors stranded abroad with Thai gf\wife \family,  ''investissors'' from China and India and so on, all these people send money from their country to Thailand on a regular basis and the numbers, put together, are huge)

 

The amount of money flowing in from Expats and foreign remittances is microscopic relative to domestic household debt.

NPL's on mortgages must logically be soaring. 

20 hours ago, kingofthemountain said:

If you don't want a revolt, you need to give some hope to the people

also if the duration of the closure anounced is more than 1 month, they will all

start to ask some form of financial compensations from the governement

hence the 14 days trick. wich can be reapeated several times

 

Yep. Agreed. 

The question is, how long can Thailand's banks continue to pretend that NPL's aren't rising? Anyone with half a brain knows that data is cooked. 

Banks can put on a happy-face for a little while, but eventually everyone notices they're bleeding out. 

Wasn't it supposed to be for 14 days? Should be over by now.

Just like "14 days to flatten the curve" last year....

Deposits are the oldest scam in the apartment rental business.

Write a clause into your contracts that say unpaid deposits will accrue interest of 20% per month within 2 months of the lease termination.

If they balk, walk.

4 hours ago, jacko45k said:

Keep an eye on that.... I got an impression all Chonburi hotel pools will close if not already. 

 

I just swam in the pool at LK Empress a couple hours ago. It's definitely open.

The pool at Unixx South Pattaya is definitely closed.

So what's the end-date for this "14 day" closure?

The 23rd? Or has it been extended?

Quote

 In Thailand the sex industry continues to grow and grow and these days there are beer promotion women, pretties, "Ent" girls, Pheuan Kin Khao (friends to eat with) and "girlfriends for rent" swellling the prostitute ranks. 

Promotion women and pretties too? That's quite a broad definition of the "sex trade". 

By that definition, half the young women in Western cities are in the sex trade too.  Ever been to a PR agency? I mean.. those girls aren't getting hired for their brains.

The only real question is whether they extend the bar shutdown past the initial 14-days.

Place your bets.

27 minutes ago, ubonjoe said:

The standard requirement to apply for visas is 20k baht or $700 US (us embassy rate). I would consider that the minimum.

From the MFA website. https://image.mfa.go.th/mfa/0/zE6021nSnu/3_Types_of_Visa_Tourist_Visa.pdf

 

Ah. Great. Not really worth worrying about.

Thanks

Thai 60-day tourist visas from embassies now require "bank statements with sufficient funds to cover your trip to Thailand"

This is rather nebulous. Do I have enough already?  Or do I need to transfer some cash in. How would one know?

Can someone tell me exactly how much $$$$ I need to keep in my checking account to satisfy this requirement?

Thanks

Yet another country realizes the obvious: 

People who earn money outside the country and spend it inside the country are really good for the country's economy. Smart countries get as many of those people as they can.

https://edition.cnn.com/travel/article/croatia-digital-nomads/index.html

On 11/10/2020 at 2:56 AM, ubonjoe said:

No

But to apply for the visa at many embassies requires you to be citizen or legal resident of the country to apply for it.

Right, and that raises the issue that you must be in a country that actually has a Thai embassy... And while that most seem like most countries, it's a minority of the world's countries. (There are just 65 Embassies of Thailand)

I'm chilling in a lovely country right now with no Thai Embassy. And since the neighboring country --- which does have an embassy -- is locked down ... well ... there effectively is a "list" of countries that can get to Thailand.

5 hours ago, ubonjoe said:

There are no countries whose citizens cannot enter Thailand.

All must qualify for entry and apply for a certificate of entry.

Right... but which countries have an easier time getting a COE? It's not like anyone can get one at any embassy.

The entire rationale for property as an investment is its limited downside.

Now you're asking for an assessment of a property investment with a potential 100% downside.

If I was going to invest in something with a risk of a complete wipeout in principal, I'd need an exponentially higher upside.

13 hours ago, Don Chance said:

The real problem is that 50% of even asymptomatic people have heart damage which may be permanent.

I've never seen that 50% number anywhere, and IMHO it sounds highly unlikely. Source?

EDIT: Just found a study that says as much. Although "damage" is possibly a big word. 

16 hours ago, PMZ said:

How ironic that they are looking for ways to attract foreign tourists, which is unlikely to happen, while on the other hand, it is likely to expel thousands in the 26 September.... Where is the sense?

Wait... What happens on the 26th?

In the era of Wuhan Flu, I imagine they're in more of a hurry than we are to get online registrations up to speed. 

The very last thing they want is to spend their days working in rooms packed with waiting foreigners.

Pics?

1 hour ago, ThomasThBKK said:

 

 

It's not a tiny fraction, it's absolutely giant part of thailands gdp, and that's just the direct part.

 

There's no reason for the BAHT to go down during high season, it's more like the opposite, more people are buying baht so it works as an upside instrument.

Like I said, "despite the beliefs of many farangs"

1/5th is a tiny fraction my friend. (Not to mention that by other measures it's significantly less than that). Most farangs think Thailand has a tourist economy. It doesn't. It's an export economy.

Your future projections relevant to the discussion even if you like the numbers better.