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saengd
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Posts posted by saengd
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1 minute ago, donnacha said:
Yup. And, in the meantime, Thai Immigration would refuse any renewals unless you put another 800K in another Thai bank.Incidentally, with insanely high levels of personal and business debt, and a population who have difficulty managing their money even at the best of times, it is quite likely that one or more of the banks will collapse. The massive build out over the past ten years was all undertaken on the presumption that mass tourism into Thailand would continue to grow. That whole sector will be wiped out for at least the next three years. Much of the property boom, too, was based on middle class Thai and Chinese folks making highly-leveraged purchases of condos on the assumption that they could pay the mortgages with Airbnb rentals. All screwed now.
Nonsense, pure speculation without any basis in fact, pure scaremongering.
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I think you are thinking too much for a number of reasons.
Firstly, deposits up to 5 mill. Baht are insured by the DPA until August, thereafter it's 1 mill. Baht.
Second, Thai banks are rated quite highly by the rating agencies such as Moodys and Fitch who have increased their credit ratings a couple of times fairly recently.
Third, Thai banks Tier 2 Capital Adequacy Ratio's at Thai banks are much higher than is required by law, they average around 9%. That means bank balance sheets can withstand much more stress than many of their Western counterparts.
Finally, a lot of the actions that the likes of BOT take in the financial and economics arena today have their basis in the economic crash of 1997. BOT and government is so determined not to repeat any part of that process that they tend to veer heavily towards the side of safety and caution rather than anything else and at times that can be a problem for the economy, case in point the IMF urging the government to operate a higher deficit budget which they believed was far too low!
If it helps any, at various times over the past ten years I have held up to 90% of my liquid wealth in Thai. banks in Thailand, I'm currently holding 76% here, that is over 60% of my total assets.
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7 hours ago, wwest5829 said:
Glad I am in Chiang Mai ...
That posters numbers are way wrong, average room cost in a private hospital is circa 5k/6k, ICU in a mid range is around 15K, 21k at the very top end hospital in BKK.
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4 minutes ago, 4MyEgo said:
My wife said ICU was about 15k baht per night, so I have allowed for double that, and having private cover, I don't care if the sky's the limit, as long as the insurer coughs up, if ever I have to be admitted.
I agree that's about right. Standard room costs average around 5k/7k per night based on the type of hospital and its location.
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17 minutes ago, Paul DS said:
Actually Bumrungrad ICU costs THB 28,040 including meals, but Dr and medications etc are of course an additional charge, note though 5 days ago they were full! with a waiting list. (My friend was discharged 5 days ago)
Actually nonsense! Bumrungrad ICU is 21k Baht: https://www.bumrungrad.com/en/services-and-facilities/inpatient-accommodation/intensive-care
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55 minutes ago, thailand49 said:
Even before the Virus, a number of years back price per day even for a place like Bangkok/Pattaya for infection flu it was 10,000 a day, that was without insurance the room itself was 6000 baht everything is like Ala-Cart.
ICU, started at 30,000 baht a day so if it was the Virus containment look to the sky especially now that they past a law saying you can charge more to a foreigner even at public Thais hospital.
Even Bumrungrad ICU is not 30k per day, you must be mistaken.
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54 minutes ago, Max69xl said:
I don't have to tell myself anything. The Coronavirus fatality rate numbers comes from for example WHO. Start thinking before you post.
372,757/16,231 = 4.35%, not 1%, per the WHO, think about that pal!
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6 minutes ago, Max69xl said:
Why would 4% of the population die? The Coronavirus fatality rate is so far ~1%. That's 1% of the infected.
You keep telling yourself that if it makes you feel better.
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1 hour ago, waders123 said:
I disagree: Hindsight only is in part of the statement that I wrote. Again I say, "China's government WAS in the "driver's seat" and regardless of any other country saying/doing anything, (or not), they had a responsibility to their own people and to the world to be forthright and report what was happening immediately." That statement was NOT hindsight but baldface FACT. Another FACT: China refused specialists in this field of expertise to help even after it was known it was NOT the outbreak of seasonal flu, and it was out of control! That wasn't hindsight but again, FACT!
China needs to be called on the carpet for their "underhanded and shady" tactics they continuously try to pull on their global neighbors.
First case detected in Wuhan on 1 December, how much sooner should the Chinese have told everyone else?
"China has been working very hard to contain the Coronavirus. The United States greatly appreciates their efforts and transparency. It will all work out well. In particular, on behalf of the American People, I want to thank President Xi!"
—Donald J. Trump (@realDonaldTrump) January 24, 2020
https://www.businessinsider.com/trump-using-racism-against-china-to-distract-from-coronavirus-failures-2020-3
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There's no debating with an anti-China mob bent on vengeance and reprisal, think mid 1800's and lynch mobs.
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1 hour ago, waders123 said:
Nothing was said about one government or the other having a monopoly on stupidity. However, it is clear, China's government WAS in the "driver's seat" and regardless of any other country saying/doing anything, (or not), they had a responsibility to their own people and to the world to be forthright and report what was happening immediately. Heck, they refused help from other countries when offered and made statements at the same time that nothing was happening with this virus; it was all fake news! You can blame another country all you want but it doesn't erase the fact that China screwed the pooch on this one. And I hope the pooch bites back and so does the puppies!
Only with the benefit of hindsight is what you wrote true. Everyone on the planet understand that China is a secretive state that does not make public its affairs until it is ready. As far as China was concerned, at the time there was an outbreak of seasonal flue which it was investigating so it's not as though they were not doing anything, they were investigating the matter. Nobody had any reason to believe this time around that seasonal flu would be something much more aggressive.
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19 minutes ago, waders123 said:
But we do know for a FACT, if China's government, would have acted responsibly and warned the world sooner, that China had the convid-19 running loose and out of control in their country, there would be a lot less people catching the virus and a lot less deaths! So I really think the world SHOULD look at the actions of China's government or lack thereof and take the appropriate steps to call them out on their stupidity and greed.
The Chinese government doesn't have a monopoly on stupidity. Various branches of the US government, including the CIA, tried to raise the issue of the outbreak in China with the President as early as late December and he simply didn't want to know, it took several weeks thereafter for the coin to drop. In addition, the US President removed funding from the CDC which paid for the one viral expert in China who might have detected there was a problem. As result that person and the associated team was withdrawn in July last year and not replaced citing budget cuts.
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14 minutes ago, waders123 said:
FACT: China was NOT responsible in that they attacked their own doctor among doing other despicable deeds to their citizens, (later him dying from the very virus he tried to warn the government about), for talking about convid-19. The government of China when to great links to suppress any reporting to their own people and to the world months before it was known that the virus was raging unchecked in China. Even China's government didn't take their own situation seriously until it was way out of control and killing their citizens!
That doctor was told to stay quiet because there was an official investigation taking place at the time that was attempting to get to the bottom of whether or not there was an epidemic etc. He was seen to be drawing too much attention to the issue before the investigation was complete.
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5 minutes ago, Orton Rd said:so much for 30 degrees of heat killing it off then
High heat and high humidity slows the spread, it doesn't kill off the virus.
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Can I just ask what relevance day trading and reading tea leaves has to do with the OP, as humorous and entertaining as it might be?
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I think this is probably my answer as to why the rate of spread was so low in Thailand during the early months, as compared to Europe subsequently, assuming of course it was the same strain of the virus.
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Confirmed that high temperature and humidity slows the transmission of the virus, Italy and Thailand are on opposite ends of the scale:
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1 minute ago, Henryford said:
Do we know if they have. You only know about the spread if many people are tested and deaths reported as Corona related. Is that happening in Thailand. If you don't test, then no problem !
6,500 people falling sick and being hospitalized would show up in the community, it didn't.
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Reading carefully is not a trait of most TVF posters, in fact rarely is even reading!
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19 minutes ago, Canuck1966 said:
Maybe she doesn't want to tell you!
I've heard lots of rumours and anecdotal evidence in the last month.
Some of it was BS and some of it was photos of rammed hospitals with people gasping for breath .
TBF every time you go in a Thai hospital there are a lot of people on oxygen so it's not always easy to tell..... and they are packed to the rafters on a normal day even before this started.
Remember Thais would hate to think they were dealing with this worse than their neighbours.(Laos, Camb & Burma)
They all have BS figures to save FACE
"TBF every time you go in a Thai hospital there are a lot of people on oxygen so it's not always easy to tell..... and they are packed to the rafters on a normal day even before this started".
So you think you see lots of people on oxygen in Thai hospitals and many of these could be covin19 patients, they just let you walk in a look do they!!!
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3 minutes ago, Slip said:
From your linked article:
I'm not sure they know completely, I can see no other logical explanation.
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1 minute ago, Mattd said:
The main difference is the ability and willingness to test, the true numbers of those infected are unknown in either country (or any) as it is not possible to test at the pace the infection rate, especially as it grows.
In countries such as the UK, the test is free, drive through etc. whereas in Thailand the cost of a test ranges from 3,000 to 25,000 THB, which is not affordable by the majority of the population.
I have no idea how deaths are attributed, but Thailand is not renown for keeping accurate figures, for example road deaths, the official figures are only those that die at the scene, so deaths from Covid-19 are not necessarily logged as such.
Yes I accept that testing is different between the two countries but I ask you, how do you hide 6,500 cases? Each of us knows how many people directly and indirectly plus the likes of the Facebook grapevine, each of us would encounter anecdotes that would point to a problem, even TVF posters would have mentioned such things....they didn't. My wife tunes into a customer base of over 400 people plus an official tour guides network of over 500 people, not a word has been spoken of these things.
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4 minutes ago, Tayaout said:
Have you read what that site is, it's not medically based, instead it's a political mouthpiece.
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Scott....get help, now!
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What would happen if a Bank goes down?
in Jobs, Economy, Banking, Business, Investments
Posted
No, the picture is not rosy, it just looks that way when you compare the facts against what some posters imagine!
Make no mistake the banks will get stressed, that's what Capital Adequacy Ratio's and stress testing are for and that's the real test of a Central Bank to manage such things.