nigelforbes

You show your g/f what your bank account balances is, wow, perhaps you should rethink that strategy, unless she's different of course.

App. But in person requires I produce my passport. for everything.

Rubbish! Stop press, they've decided what the levels will be next: From June 1, 2023, the amount of PM2.5 in the general atmosphere must not exceed 37.5 micrograms per cubic metre (μg/m3) in a 24-hour average in order to pass the safety standard. The one-year average of PM2.5 must not exceed 15 μg/m3, changing from the current standard of 25 μg/m3. This new one-year average standard is effective immediately after the announcement. https://www.nationthailand.com/in-focus/40017734

I agree, I hadn't also, until I went looking for them, then I found that there are plenty. I think the situation is that these kinds of crime get widely reported here whilst they are under reported in the West, for whatever reason. TBH I would have thought it might be the other way around because of the defamation laws but apparently that's not the case. The situation is similar to bank failures, surprisingly, the US sees a seriously high number of financial institution failures, who'd have thought it. If you google dishonest bank employees UK, you'll see what I'm referring to. If you google FDIC Failed Bank List, you'll see the evidence for the second point.

In all fairness, biometrics is a function of the phone that is supported by the bank app rather than being a function of the app itself. Nevertheless the security effect is the same but only as far as your phone is concerned, it doesn't prevent scammers from potentially accessing your account in other ways, without that feature..

If you don't have a license your insurance is not valid, stay off the road until you get one!

There's a fair amount of knee jerk and over kill amongst banks currently in response to the AMLO requirements, things will settle down eventually.

Are these more common here than in the West?

He will have saved on some of the costs but his daily expenses will be much higher, the US isn't cheap right now and the Pound is weak against USD.

Over 75% of overseas tourism is from South Asia and the region. The country is not reliant on long haul tourists from the US or Europe, it's more of a nice to have to help increase overall numbers but it's not vital..

Bangkok Bank has the strongest balance sheet and is regarded as systemically important to Thailand, therefore, it is the country's safest bank. TBH their app is very good, it give me balances after every transactions and real time notification of all transactions, it fits my needs perfectly.

You wont be able to use the UK branch because it doesn't have a retail banking license, it's there solely for commercial reasons.

Confusing article. Both my banks, BBL and UOB require biometric identity authorization on every transaction using thumbprint, plus, both banks already have limits based on types of transfer being made.

Where do you live?

I wouldn't call those 5 star, not by any means, one of them shows up at 885 baht per night!

I’ve just read the first instalment of his five part series and I’m disappointed. First the good points: It’s interesting to know that over 60% of consumer loans is short term uncollateralised debt whereas in other countries it might be expected to mostly comprise long term mortgage borrowing which is more stable and is collateralised. That is quite scary. Then there’s the rest: The first instalment is entitled, “the country needs to change” yet he barely touches on that, instead he talks extensively about Consumer Debt, which is in fact the title of the next instalment. He talks extensively about consumer debt and its high levels compared to GDP. But he doesn’t mention that Consumer Debt rose at the time of covid when GDP fell and now that GDP is rising once again, Consumer Debt is once again headed back to normal levels. Below you can see the relationship between rises and falls in GDP compared to rises and falls in Consumer debt, in a static economy they are inversely proportional. https://tradingeconomics.com/thailand/households-debt-to-gdp https://tradingeconomics.com/thailand/gdp Next, he talks about what would happen to the banking system if consumer debt tripled, he says this would create banking stress similar to the 1997 crisis. Well yes, if they tripled it probably would but fortunately the BOT has implemented Basel III rules so the chances of that happening are almost non-existent. This is scaremongering, an excuse to mention the the 1997 crisis and a potential bank collapse, I’m very disappointed. He attempts to frighten readers even more by hinting that 1 trillion in 15 of consumer loans are NPL’s which whilst technically correct is very misleading since half that number are merely on watch lists and have not yet under performed. The author knows full well because he mentioned this previously that in the short term, rising consumer debt can actually aid an economy which is what he’s now writing about but with a negative spin. It’s only in the medium term, according to the IMF, that systemic risk arises as a result of this debt and it becomes a drag on economic growth. Finally to add: you can compare anything against GDP because that shows growth against the economy which is a useful measure. The article shows a table that includes public and private debt against GDP which is intended to make the authors point regarding growth. Do not be fooled into thinking that private or consumer debt is a part of GDP, only public debt is. Consumer debt is a useful measure of the economy when viewed along side consumer expenditure but consumer debt is not a construct of GDP. Let me finish by saying I think that the author is an excellent economist and I always look forward to reading what he has to say . On this occasion however I don't think he argued his points very well at all.

Fair enough.

Nonsense! We've just returned from Hua Hin and Bangkok, high tourist volumes are evident everywhere. Where are you based, in the middle of nowhere!

Well, instead of blaming everyone, putting them in jail for twenty years and confiscating their land, how's about coming up with positive viable solutions that both government and growers can adopt. Whilst you're at it, why don't you figure out who is going to supply most of the worlds sugar that you suddenly wiped out along with all the allied industries. You have unrealistic and impracticable expectations and recommendations, you're just not being a realist at all.

Thailand has gained a huge market share, that can't easily or quickly be replaced. Farmers/growers have a choice what they grow, they chose to grow products where there is a market, can you blame them.

Cool! You have a number of potential hurdles which may or may not be insurmountable. The first is registering the company in such a way as to avoid it's purpose or existence being your ultimate ownership of the land. The second is producing adequate annual returns that support and confirm the stated objective. The third potential obstacle is the Land Office who have far more extensive powers than most might imagine. They will need to be satisfied that the company is not a vehicle for your ownership objectives and having seen them at work in this area, they are not easily satisfied. I would also point out that, with all due respect to you, greater minds have tried to circumvent the land ownership law and failed.

Ever so slightly misleading but yes, they are very similar: https://www.iqair.com/th-en/air-quality-map/thailand/bangkok

A Thai company that is formed solely for the purpose of owning land or a single house, is not legal. The Land Office is not stupid!

Thailand is the second largest net exporter of sugar in the world, it is important to their economy. https://ap.fftc.org.tw/article/1840#:~:text=Thailand is ranked as the,Thai citizens and international trade. As for locking up small rural farmers and seizing their land, is this a just penalty for poverty and trying to scrape a living! I get the message but that's not the solution which is elsewhere.