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bkkandrew
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Posts posted by bkkandrew
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what would really create a change in the market was if banks could be encouraged to lend more liberally (to Thai's) for second hand properties. The lack of financing makes the second hand market highly illiquid, where you'll be lucky to get 60-70% of what you need versus 100% for a new property. A more liquid market would lead to better pricing signals for buyers and sellers, and there generally would be a freeing up of a lot of housing stock which is just sitting around gathering dust a huge waste of existing resources in my opinion.
It would shift the focus to better building standards in the longer run (people wanting to protect their investment) and a re-alignment in the industry towards less new builds and more renovations, upgrades etc etc.
But you'll never see ole' James arguing for that, will you now!
there are some who think that a focus away from property and towards building up sectors of the economy and infrastructure would be a better use of cash as per the Singaporean HDB housing model - property is one of the least productive investments i can think of in that all the cash generated in the TRT era from property sales has minimal effect in generating net new jobs and ongoing competitive advantage vs. a similar investment in a more active industry. Surely, for instance, reform of the telco environment to improve cost of communication; or deregulation of energy industry to reduce costs would be more useful.
But I bet you don't see CBRE talking about that either.
Instead you see self serving generalities either:
- the market is totally booming
- comments of decline are wrong OR
- market needs XYZ policy to improve
Maroons the lot of them. Emperor Tudd is right, everything is lousy here, everything sucks. Which is why I am so pleased I have 2 clients in property raising major cash right now and selling just fine :-)
In your next post, try to repeat the words: Clear, concise, comprehendable; before flexing your digits...
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Anyone know of any fitness center open all day and night in Bangkok? Isn't that one near Soi Cowboy open 24 hours?
Its the pizza place underneath thats open 24 hours. So you can get fat 24/7, but have to wait to work it off...
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I thought that they were closing altogether. Well, thats the rumour circulating around the recently opened one on Ratchada...
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All premiership matches are televised on UBC in Thailand...
Not all, maybe half of the games, and only two or three per week at a prime television time. Man City is a rare guest on UBC unless they play someone big.
But an oft use line by the presenters is "every (Premiership) game live, or in full on delayed kick-off". Has been for the last 2 seasons...
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They have contacted me by e-mail and said they are raising 4 post dated cheques with the frst one due 1st August.
so at least I have an addmission of liability.
But no cheques yet !
As you are no doubt aware - cheques are a pretty serious business in Thailand. The issuers of bounced cheques can be locked up in double quick time, so when you get hold of them, hang on to them.
Hope it all works out.
I am pretty sure this is no longer true.
I believe that several years ago issuing "Dud" cheques was made a Civil offense, not a Criminal one.
Patrick
Nope, you will still be escorted to the nick, until they clear!
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No no no. They are rip off selling rates for Thai Baht and quoting them causes people to panic unnecessarily. The true money market rate was NEVER 29.95 that is a consumer tourist rate for sure as I said check the Financial times pages for money market true rates.
Well, you obviously misread. Bloomberg, Reuters and the FT all gave 29.95 as the mid-market quote as the USD THB quote during the last week. No - wait a minute - you must be right and all those financial reporting organisatios wrong!
The actual selling rate for THB (from USD) in a retail bank is in the region of 27 stateside (perhaps someone could confirm the exact amount who lives is Bushville?)
In the same way, sale rate in UK for THB on Friday was 56 at HSBC, way short of the 62 mid-market (offshore) rate and shorter of the Bank rate here, which, in turn, is always short of the changer rate in BKK, which I use.
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Today true Baht rates are
US$ ($50-$100 Notes) 33.10 (TT rate 33.36)
UK Pound Sterling 67.40 (TT rate 68.288) - Much better than last weak showing the Baht has not strengthened any further generally, more like weakened against most currencies except the steadily collapsing US$ of course .
Well, you were ripped off then. I got THB68.60 to GBP at Super Rich today. Shame you know nothing about this subject, otherwise you could avoid such scams...
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Hi,
Just wondering why people stil risk their money in Thailand buying a project when you know how many of them have never been finished? How much would you have to pay more if you wait for the building to be built?
And what about condos on top of NEW pratunam center, does anybody know if they will finish construction someday?
Thanks.
Oh thats what they are going to be! I stare at them every day and thought they were just an abstract feature of random concrete designed to filter the optimum amount of rainwater inbto the completed building below...
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How the US Economy is not related to a thread entitled "Thai Baht may hit 30 to the US Dollar", I am unsure, but hey..
My two cents worth:
On the "Map", no sign of the UK there...
Unemployment - figures do not take into account of MASSIVE US jail population of 0.73%, compared with highest in EU (UK) at 0.1%, also does not take into account of the 0.5% in the US Military on active service, hugely more than any competitor economy.
xe.com puts USD at 2.052 today to GBP - we were re-taking the Falklands when this was last the case!
The gradual drip drip of Countries protecting their interests (as they should do) by dumping physically (and the use of) the USD, latterly Iran requesting remittances in Yen for oil, means that the collapse of the currency to levels where the trade balance will be corrected is, seemingly, inevitable.
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A further two points...
1. A number of us (including Mid and myself) have been mocked when attempting to put forward the possiblility of a Burma-style situation being the eventual aim of the Junta, or some in the Junta. This current development seems to suggest that we are, perhaps, more on the mark than the mockers...
2. It will really warm up in 4-weeks with the start of the 2nd national religion - premiership football. Mr T pontificating and grinning on the telly every week. I wonder if they have thought that one through?
So what are you going to say, when after the referendum on the constitution next month, a constitution that offers several checks and balances on abuse of power, there is an election date proposed? The majority of TRT MPs were not banned and those who were can get their relatives to run.
If you think Man City will be on the telly every week you either know nothing about football or are a hopelessly optimistic fan of Man City.
Thaksin pontificating about football? He couldn't tell his right wing (Purachai) from his left wing(Pansak).
Since when has Toxin's lack of knowledge on a subject been a bar to him pontificating on it?
All premiership matches are televised on UBC in Thailand...
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Army Chief indicates abuse of power by officials considered serious offence
the Prime Minister could also dismiss the Army Commander if the latter is found to have abused his power.
Source: Thai National News Bureau Public Relations Department - 16 July 2007
'''And then, once ignored, he will proceed to the car lot to drive his Prime Ministerial car into the nearest tank...
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hello,im leaving thailand via taiwan and japan to honolulu.
In which of these fine countries should i exchange thai baht to us dollars for the best exchange rate?
can anyone direct me to the best rate page etc..
If you are holding cash, go to Super Rich in Pratunam... Best rates by FAR!
What about Sterling into Thai baht ? will they beat the bank rate and by how much ?
Are they licenced money changer ?
JB
Either way GBP to THB or THB to GBP (or any other major currency. Spread between two is usually 5 Satang on USD (100's) and 10-15 Satang on GBP (50's).
Licenced. Number is above the door...
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Back to OP...
Live rates at 2007.07.13 22:37:33 UTC
1.00 GBP = 2.03451 USD
United Kingdom Pounds United States Dollars
1 GBP = 2.03451 USD 1 USD = 0.491520 GBP
1.00 GBP = 62.0178 THB
United Kingdom Pounds Thailand Baht
1 GBP = 62.0178 THB 1 THB = 0.0161244 GBP
1.00 USD = 30.4830 THB
United States Dollars Thailand Baht
1 USD = 30.4830 THB 1 THB = 0.0328052 USD
Friday the 13th!!!
Source: xe.com
Those rates for the Baht are totally wrong, in fact outrageously wrong.
No, they are not wrong, they are simply the international, or otherwise known as, offshore rates. Thailand has insulated itself from the real money market rates by the exchange controls. This does not make the international (offshore) rates "wrong", let alone "totally wrong", or even "outrageously wrong".
Personally, I would not touch the offshore rates with a bargepole, but they are there and that is that.
Yes I agree they are genuinely quoted rates and never said otherwise, but misleading would be the better word I should have used. They are the SELLING rates for Thai Baht by Western rip off banks and organisations NOT just offshore as they are very similar to rates quoted by main stream banks in USA and Europe. Or even worse if you look at the UK web site currency trader I pointed out to you where there was that really outragious rip off rate of under 60 Baht per £. Now please just go to these "offshore" sources and ask them for their rate for buying Thai Baht back (Cash and TT) and I will be surprised if they are not near or over 70 baht for each £ for example. Folk then compare these rip off selling Baht rates that you quote here of 61 and 62 Baht per £ to the rate they got last year for maybe selling Baht back to a western bank like at 74 or 75 Baht per £ and say wow what a rise in the Baht (or a big fall in the £). As I said totally misleading and leads folk to making the wrong conclusions.
The ONLY fair comparison is as I said the MIDDLE rate, or at least you should use more honest banking sources like we get in Thailand. Always bank note rates (cash ) will be worse by a bit as it is more expensive to manage forex cash tills, but in Thailand you can buy Baht CASH today for about 66.5 per £ or 32.88 per US$ ($50 and $100 bills). Typically in Thailand the difference between buying and selling Bank Notes is about 2% - 2.5% with no commission charged, and this a fair and honest trading mark up, in most Western countries this difference in buy and sell rates is typically about 14% to 18%, sorry but that cannot be justified by any honest organisation, as I keep saying it is criminal and a scam, even 5% is way too high.
So here are the genuine rates today for BUYING BAHT Exchanging CASH (these will vary during the day but usually not by that much) and for transferring funds via the banking system and having the conversion carried out here (TT Rate) and shown in brackets. ALWAYS REMEMBER CHANGE YOUR CURRENCY TO BAHT HERE IN THAILAND ONLY, DO NOT HELP FUND THE WESTERN THIEVES
UK Pound - 66.49725 (67.385)
Euro - 45.2265 (45.60
US$($50 -$100 bills) - 32.88 (33.4)
Can $ - 31.03875 (31.58375)
Aud $ - 28.40750 (28.815)
But these are the onshore rates that require you to be here!
Also, noticed that the money market rate, did indeed go 29.95 to the USD
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Vegas, I agree with you man, but really, you do need to put your thoughts in paragraphs dude.
I wish I knew if I agreed with him or not, as his lack of paragraphs makes me steer clear as it would induce a headache!
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hello,im leaving thailand via taiwan and japan to honolulu.
In which of these fine countries should i exchange thai baht to us dollars for the best exchange rate?
can anyone direct me to the best rate page etc..
If you are holding cash, go to Super Rich in Pratunam... Best rates by FAR!
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Back to OP...
Live rates at 2007.07.13 22:37:33 UTC
1.00 GBP = 2.03451 USD
United Kingdom Pounds United States Dollars
1 GBP = 2.03451 USD 1 USD = 0.491520 GBP
1.00 GBP = 62.0178 THB
United Kingdom Pounds Thailand Baht
1 GBP = 62.0178 THB 1 THB = 0.0161244 GBP
1.00 USD = 30.4830 THB
United States Dollars Thailand Baht
1 USD = 30.4830 THB 1 THB = 0.0328052 USD
Friday the 13th!!!
Source: xe.com
Those rates for the Baht are totally wrong, in fact outrageously wrong.
No, they are not wrong, they are simply the international, or otherwise known as, offshore rates. Thailand has insulated itself from the real money market rates by the exchange controls. This does not make the international (offshore) rates "wrong", let alone "totally wrong", or even "outrageously wrong".
Personally, I would not touch the offshore rates with a bargepole, but they are there and that is that.
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A further two points...
1. A number of us (including Mid and myself) have been mocked when attempting to put forward the possiblility of a Burma-style situation being the eventual aim of the Junta, or some in the Junta. This current development seems to suggest that we are, perhaps, more on the mark than the mockers...
2. It will really warm up in 4-weeks with the start of the 2nd national religion - premiership football. Mr T pontificating and grinning on the telly every week. I wonder if they have thought that one through?
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Army sees Isoc bill as a way to guard the country
Security bill aims to give sanction to Isoc, which has no proper legal basis
If the military is to do its job properly in safeguarding the Kingdom
Source: The Nation - 14 July 2007
Ok, just for one second, let's pretend that I am stupid.
Safeguard the Kingdom from who exactly?
Thaksin... Being re-elected...
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Chon! I hope you will still contribute to the Super Spurs thread, since we are going to win the Prem this year!
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Back to OP...
Live rates at 2007.07.13 22:37:33 UTC
1.00 GBP = 2.03451 USD
United Kingdom Pounds United States Dollars
1 GBP = 2.03451 USD 1 USD = 0.491520 GBP
1.00 GBP = 62.0178 THB
United Kingdom Pounds Thailand Baht
1 GBP = 62.0178 THB 1 THB = 0.0161244 GBP
1.00 USD = 30.4830 THB
United States Dollars Thailand Baht
1 USD = 30.4830 THB 1 THB = 0.0328052 USD
Friday the 13th!!!
Source: xe.com
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Following the herds could be very dangerous; it could work controversial.
Thai exporters are/were selling $'s big time, also hedged, but that's more likely also because they need Baht, instead $'s; to what extend is difficult to say...but:
For the time being the $ is spiraling down...and down and steering the Baht and many other currencies upwards. The $ is down to a record today versus the Euro..
US & EU Stock markets were sharp down, including Asian markets today. EU markets down for the second day, today.
LaoPo
Yep - USD well down today:
1.00 USD = 31.2600 THB
United States Dollars Thailand Baht
1 USD = 31.2600 THB 1 THB = 0.0319898 USD
1.00 GBP = 2.02968 USD
United Kingdom Pounds United States Dollars
1 GBP = 2.02968 USD 1 USD = 0.492690 GBP
Source: XE.com
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Thailand adopts deficit budget to spur growth
Wed Jul 4, 2007 3:21AM EDT
By Vithoon Amorn
BANGKOK, July 4 (Reuters) - Thailand's army-appointed parliament began a one-day debate on Wednesday on a 2007/08 deficit budget aimed at reversing a slowdown of economic growth and giving a hefty boost to defence spending.The budget bill, introduced in parliament by Prime Minister Surayud Chulanont, included a 24.3 percent annual rise in defence spending for the year starting Oct. 1, the second hefty raise in a row after a 33.8 percent rise a year earlier.
Reuters.com
So, in other words, the military award themselves a 24.3% pay rise - because they can!
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This turned stupid really quick.
Yes, normal plot - no answers to the points raised, so went for the personal insults. We will see how stupid he wants to get!
Light Filtering Stickers To Be Attached On Mirrors In Suvarnabhumi
in Suvarnabhumi Airport Forum
Posted
Shock horror!
Sunlight heats buildings! You may have thought that this scientific 'Eurika' moment would have happened prior to construction of such an expensive building, but no, TIT. 