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sfokevin

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Posts posted by sfokevin

    Going To Look At Buying A Business?

    in Thai Visas, Residency, and Work Permits

    Posted

    Given the new crackdown on visas by the authorities can these visas still be acquired?

    http://www.lawyer.th.com/Thailand-Visa.asp

    http://www.siam-legal.com/us_business.html

    If someone is looking for this method to just stay in Thailand, we will decline the sponsorship application. The Mergers and Acquistions Dept., must in their opinion feel the applicant is genuine and meet the criteria.

    www.sunbeltasiagroup.com

    Would you be able to sponsor the OP given his description of his situation?... "I am going to go with the intention of buying a small business"

    The Baht Goes Crazy

    in Jobs, Economy, Banking, Business, Investments

    Posted

    Repo rate could spell end for Tarisa's term

    The decision of the central bank's Monetary Policy Committee (MPC) on the one-day repurchase rate at their April 11 meeting is likely to prove critical to Tarisa Watanagase's position as governor of the Bank of Thailand (BOT) amid wide rumours that politicians are not satisfied with her performance.

    The unremunerated reserve requirement is the biggest issue threatening the central bank chief's position, followed by the latest request to commercial banks to adjust their net foreign positions.

    Politicians, who see strong reasons to sack her at the moment, might use the MPC decision on policy interest-rate reduction as an excuse.

    Finance Minister Chalongphob Sussangkarn's commitment to give the BOT a free hand to run its monetary policy cannot safeguard the governor's position. As an economist, Chalongphob can understand the differing views of other economists within reason, but that may not be the case with non-economists, who are unlikely to see reason in policy decisions eroding their wealth.

    MR Chatu Mongol Sonakul was fired as central-bank governor during Thaksin Shinawatra's first stint as premier. He was accused of not satisfying the government's need to cut the policy rate as the BOT was too concerned with inflationary pressure, especially as the inflation-targeting framework had just been adopted at that time.

    The Finance Ministry and economists have put tremendous pressure on the central bank to cut the key rate by 0.5-1 per cent, saying the fragile state of the economy needs a boost while inflation is falling. The big cut in interest rate is believed to be the once-and-for-all medicine for the baht's appreciation.

    The prospect of a 50-basis-point cut in the key policy rate now looms, following the sharp rise in oil prices again following new tensions in the Middle East, between Iran and Britain.

    The BOT, which once strongly confirmed its stance to focus mainly on the inflation-targeting framework, last week ignited market hopes by signalling that a 50-basis-point cut made sense if economic growth was lower than expected, as inflation was under control.

    The central bank is more optimistic that oil prices will remain at last year's level while sluggish consumption will not accelerate inflation.

    This hints at the possibility of a half-percentage-point rate cut, but the decision would not guarantee Tarisa her post, especially if politicians cite the rate cut as not enough.

    The BOT could be blamed for giving a vaccine overdose by introducing the capital-reserve requirement with the aim of weakening the baht. Although the stock market crashed one day after the bitter measure was prescribed on December 18 last year, and the bond market has been in high volatility, the one-way baht appreciation at least has ceased as seen by the fact that the currency has appreciated only slightly since the beginning of this year.

    The baht now moves in a range of Bt34.80-Bt35 to the US dollar, compared with Bt35.46 at the beginning of this year.

    The central bank realises that it underestimated the market's reaction and the extent of the negative impact of the measure, so it has tried to meet the market's needs as much as possible.

    When baht speculation by two Thai banks was discovered, the BOT asked the Thai Bankers' Association to tell its members to report foreign-exchange positions on a daily basis, paving the way for banks to check one another. Unfortunately, the message sent to banks was unclear, resulting in baht volatility and the rumour of a change in currency regime.

    The BOT was blamed for its poor communication when commercial banks could not understand the message and not all the banks got the request for net-position adjustment at the same time. This disadvantaged banks which received the information late.

    Actually, the BOT wanted to stop the baht speculation of the two Thai banks, accused of selling dollars largely on the same day as exporters' US dollar sell-off, which caused the baht to strengthen rapidly.

    No one had expected any Thai entity to speculate on the home currency, especially after foreign speculators had been prohibited to do so. The BOT's secretive and quiet action has led to it become the scapegoat as the names of the two banks have not been divulged.

    Tarisa may have let the two banks escape from the scandal, but will she herself become a scapegoat?

    Anoma Srisukkasem

    The Nation

    Which Notebook/laptop?

    in IT and Computers

    Posted · Edited by sfokevin

    I've found something interesting Toshiba Portege 2000

    The spec is pretty low but all I want it for is checking email and skype and for £230 I might take the chance, I've checked out this guys feedback and most customers of this laptop are happy enough

    Any views on these?

    Ebay can get you many bargains and the occasional lemon... You get a used item (Potentially "Blemished") with an old battery and no original software or drive to load more software in (That's extra)

    Maybe this HP - New Vista OS, Built in DVD (With pop out remote!) and an integrated webcam for skype :> (The $25 optional Zen imprinted piano top finish that come along with the Web cam is awesome)

    http://www.shopping.hp.com/webapp/shopping...=dv2000z_series

    Hsbc Fee Free Account Transfer?

    in Jobs, Economy, Banking, Business, Investments

    Posted · Edited by sfokevin

    HSBC Fee Free account transfer?

    The HSBC refers to a fee free account transfer… If you have an account in say the US or UK they will help you set up an account in Thailand one then can make transfer between accounts online without a fee other that exchange fee

    http://www.us.hsbc.com/1/2/3/international...cation/overseas

    Also has anyone done business at the HSBC Premier Office in BKK – What were your experiences?

    x

    Kirimaya Resort

    in Golf in Thailand

    Posted

    Have stayed there and would highly recommend the hotel and restaurant. I am not a golfer so can not speak about the course... The area is quite nice... Arrange to do the night safari where they take you out to see the wild elephants in the park...

    The Baht Goes Crazy

    in Jobs, Economy, Banking, Business, Investments

    Posted · Edited by sfokevin

    What makes this really crazy is Dr Tarisa's comment on these developments - she was quoted in the same article...

    "Bank of Thailand (BOT) Governor Tarisa Watanagase said she met with TBA chairman Apisak Tantivorawong to discuss the baht but added that she did not know why there was demand from banks to buy dollars yesterday"

    These people should go back to their old jobs as runway designers...

    The Best Age To Retire

    in General Topics

    Posted

    I will retire in one more year at 47... I could continue to work and retire at a traditional age (65) but the the next 20 years of life experiences is more important than the the additional money I would accumulate and most likely not enjoy in my old age...

    Taking Currency Out Of Thailand

    in Jobs, Economy, Banking, Business, Investments

    Posted

    Fly to Malaysia first then back to the US and the limits are much higher :o

    3.2 Currency

    There is no limit on the amount of Thai currency which can be brought into Thailand, but only 50,000 baht may be taken out without obtaining a permit. When carrying Thai currency to neighboring countries, e.g., Myanmar, Laos, Cambodia, Malaysia, and Vietnam, up to 500,000 baht, may be taken out without obtaining a permit.

    http://www.thaiembdc.org/info/customs.html

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