Banana7

51 minutes ago, saengd said:

Why would BOT have to sell the reserves, what could make that happen, give me a scenario? Demand for THB only falls if tourists stop coming here, exporters stop exporting and investors stop investing.

One major factor are the forex futures market and hedge funds. You can lock-in future exchange rates and use leverage to exponentially increase your investment, potentially 10 times to about 100 times or more, based on your initial capital investment.

On 11/5/2019 at 7:33 AM, jacko45k said:

That suggests individual delivery systems for each property in these upper rooms. That seems unlikely, or are there simply isolation valves and they are being closed.  

Every unit/room has a valve at the meter to shut off the supply. It's standard in all condos. If there is pipe leaking in one condo, the water needs to be shut-off in that condo, without affecting other units.

17 hours ago, saengd said:

That forecast is nonsense, it doesn't take into account any policy changes or geopolitical changes, cases in point:

- USD/THB ex. rate does not consider the impact that BOT might remove outbound currency controls.

- GBP/USD assumes the UK will crash out of the Eu in a hard Brexit. (1.15 in Aug 2021)

 

Central Group: what is it that successful conglomerates do when their home currency is strong...they expand overseas, just like the tens of global brands do from all countries, even the UK. You don't even try to make a case that the current PM  is trying to protect the elite, you just say it, in spite of the facts and despite being able to support the statement with at least a single piece of evidence. 

 

 

 

That forecast seem perfectly reasonable. You don't know what it takes into account.

There are many possible BOT policy changes however what the BOT does or doesn't do, is anyone's guess. The BOT has been talking and talking for many months, which only resulted in the baht increasing in strength. The only action the BOT has taken is stated in the article. All the BOT actions, including the 0.25% interest rate drop has resulting in only 0.2 baht increase for a USD, which is insignificant.

With high season just starting, that 0.2  baht improvement will quickly disappear. Without more BOT policy changes, and numerous significant changes, USD will be below 30 baht by January 2020.

3 hours ago, saengd said:

Most of the capital inflows goes into bonds or into businesses here, almost none of it is here just because of the interest rate!

I agree with you. As the Eastern Economic Corridor (EEC) activities increase, billions of Euros and USD are going to pour in, being converted to Baht,  as foreigners buy land, building factories and infrastructure. Foreign capital has already started to arrive, parked mostly in bonds. 

BOT has extremely restrictive policies on THB outflows. With all the inflows forecasts, the baht will continue to appreciate against Euro, GBP, USD. BOT is reacting too slowly and we'll see at least 28 THB to USD  before the end of 2020 and as the article said, 29THB to USD in 2 or 3 months.

THB to USD has moved only 0.2THB for the 0.25% interest rate cut. Normally, that should have resulted in a minimum of 0.5 THB to 1.0 THB. Lots of FOREX hedging continues influence the exchange rate.

5 minutes ago, scubascuba3 said:

But......if foreign quota not maxed out, can't the thai company quota be transferred to foreign quota?

Sure it can be transferred. But how do you know the ratio on the transfer date? You'll need to go to the land office to determine the official ratio. Also the ratio may change between the purchase and sale agreement date and the actual transfer date that occurs in the land office. Buyer beware!

13 hours ago, alx123 said:

I don't own one but I think it's a good scoot for shorter trips in BKK. Being the cheapest scoot with ABS front brake is a bunos. 

 

1. ABS

2. Big storage

3. Small enough for BKK traffic

 

@guzzi850m2

 

It's being sold in Thailand

https://www.yamaha-motor.co.th/commuter/lexi-125-vva-2019/overview

 

Also has a 12V outlet where you can plug-in one of those cigarette lighter type USB power converters so then you can plug-in a GPS or charge a cell phone.

Also has stop/start to save on gasoline. Stop engine at a light, then restart quickly.

All LED lights.

Definitely sold in Thailand, I saw 2 at a dealer. One with a regular key ignition, the other with a electronic proximity key.

As previous posters have said, look around Pattaya Klang, Arunotai, Big C area. The older condos are larger with lower maintenance fees. Some here don't like Nirun, but the big building has some nice renovated rooms. The hallways are dark and dated but the renovated rooms look nice. 2 pools at Nirun. You can try Maxx Central, it has rooms for sale, but I'm not sure it is a registered Condo in the land office, it claims to be a condotel. 9 Karat condo has finally got new management and things are improving many issues have been resolved; new pumps, new elevators, has a huge pool, have a look, some rooms near your price range.

On 10/28/2019 at 11:13 AM, topt said:

I presume you are talking about disconnection due to non payment of utility bill - not non payment of a fixed "community" charge which is what this discussion is about?

We changed water delivery point for upper floor rooms if the maintenance charge is not paid. Municipal water is delivered to the cistern at ground level. If you want water and not paid maintenance, you have to go to ground level with your bucket. Municipal water pressure is not adequate to supply upper floor rooms.

Pipes and pumps from the cistern to the upper floors are common property. We are not required to use common property resources such as pumps, water supply lines, electricity for the pumps to benefit people/rooms that don't pay for the service, namely common maintenance fee.

On 10/28/2019 at 2:00 PM, EricTh said:

 

I watched the CCTV recording in my village last year.

 

The image was so blurry that you cannot see the number plate nor the face clearly at night time.

 

It's essentially useless unless it is very bright because it's low resolution.

 

I had a similar problem. Get a decent modern IP camera 3mp or higher with WDR (wide dynamic range) auto switching between day/night mode, and white balancing. Hikvision or Dahua cameras are decent ones. Record at maximum frames per second (usually 25 FPS) and maximum quality. Be sure to choose the correct lens based on target distance.

Does anyone have a Yamaha Lexi? If so what's your opinion, 3 good points, 3 bad points? How did you pay for it?

5 hours ago, jacko45k said:

Is it brand new as usually older ones need a simple mechanical inspection. 

Mine is a 2012 model, and required the inspection which cost 60b and took about 5-10 minutes. Motorcycles older than 5 years require the inspection.

The office also processes car license tax. There were agents at the office with piles of blue books. I guess car owners can pay a little extra to an agent to get their renewal or don't know how easy, convenient and fast it is to do it themselves.

Paid 100b tax for motorcycle this afternoon at Central festival mall, 6th floor. Very fast service, less than 5 minutes. Highly recommended.

Is the motor vehicle license tax still payable at Central Festival mall on Saturdays?

13 hours ago, Pattaya46 said:

People, yes, but maybe not illegal to prevent their car to enter... 

I say that because I heard of a condo in Pattaya where, when people didn't pay their charges, the manager deactivates on their magnetic pass the access to the car park and to the lifts !...

Don't know about the legality of such action, so just to share the idea...

Completely legal. You can't prevent the person from entering but you can prevent motor vehicles from using common property, the roadways. Also the elevators use lots of common electricity so not allowing the non-fee paying owner to use elevators is ok too. In our condo, the water is paid to the condo office and the water meters are owned by the condo and rented by each unit. If water meter is not paid then the meter is removed, 300b re-connection charge after water bill is paid. The electricity runs from a unit's electric meter into a circuit breaker panel owned by the condo. The breaker for each unit protects the wire from the electric distribution room to the unit. They haven't yet pulled the breakers in the power distribution but have pulled the meter, if the electric bill is not paid. Some units buy electricity from the PEA and some from the condo. Both PEA and the condo pull meters based on who is providing the electricity to the unit.

I believe there is a rule somewhere (maybe not within law) that states entry is refused if foreigner has been in Thailand more than 180 days, in the current calendar and without a long-term visa.

13 hours ago, mtls2005 said:

 

A 50% tax on U. S. consumers? Yeah, that'll be an easy sell.

 

You mean "legally"? Surely you haven't thought this one through?

 

To what end?

 

Maybe Jared/Sister should stop peddling EB-5 visas in China. I'd get behind that one.

 

 

50% tax - no it doesn't work that way in the long run - big companies have multiple manufacturing locations and they'll just shift export demand to another country. Continue to use China resources to feed the China market.

Smaller exporting companies shift their production to neighbouring countries like Myanmar or Vietnam, where labour is even cheaper than China. This is already happening. These shifts may never return to China even if there is a trade deal. Lots of news article about this.

Already, the process to list Chinese companies has become more difficult, expensive and longer. Chinese can get their capital elsewhere. USA is blacklisting a group of Chinese tech companies that develop facial recognition and other artificial intelligence technology already - more to come.

Chinese Communist Party (CCP) members oppose American and Western values such as freedom of speech, freedom to choose and practice religion, etc. etc. A good percentage of Chinese students that come to USA are spies. We could say CCP members are trying to corrupt and oppose Western values.

1 hour ago, newnative said:

Working at a snail's pace, no traffic management, and not a cop in sight as always.

The traffic cops like to sit in their air conditioned booths watching TV at busy intersections. Maybe push a button to change the lights if they here lots honking. It's too hot to be on beach road during daylight. Usually, the traffic moves even slower, when a cop is directing it.

All of Trudeau's promises and policies are going to cost Canadians BIG. Average family will pay over $1,000 more in taxes on things like home heating by any hydrocarbon (oil,natural gas, propane), additional gasoline tax will be about $.31 per litre - absolutely insane! He refuses to support export pipelines, and Canadian oil and gas is the cheapest in the world.

Maybe the defendants didn't make the necessary payments to the Judge's boss? I hope the Prime Minister launches a public investigation who made the Judge change the verdict, and fire and jail that person and his accomplices.

How many more innocent people are in Thai jails?

11 hours ago, thurien said:

I don't know where Banana7 got his info from, but he is not the only one predicting another "go south" episode:

 

https://walletinvestor.com/forex-forecast/usd-thb-prediction

 

 

See here: https://longforecast.com/usd-to-bht-today-forecast

7 hours ago, Suradit69 said:

Nothing creates confidence in a prediction like one that relies solely on "looks like" along with a meaningless reference to a fictitious support level.

 

This was mistakenly put in the banking and economy forum. It belongs in the Farang Pub forum, Full Moon sub-forum.

Do a little research and you'd find data. Or best stay in the Pub have another drink.