Jump to content

Boater

Advanced Member
  • Posts

    8,430
  • Joined

  • Last visited

Posts posted by Boater

  1. You carry pepperspray around?

    Ever since I got bitten by a dog. At around 11pm, they become nasty, reaaaaaally nasty. :o

    Also, used to it-- since carrying it around in England. I never lose my temper so I will never misuse it. A lot of my Thai friends do the same. It is obviously pretty normal here. :D

    You carry pepperspray around?

    Is it legal to carry here???

    Ever since I got bitten by a dog.

    I got bitten once, if only i had a can of pepper spray at the time

  2. Hi Crobiker

    Thanks for your post, as there has been so many different posts on owning a 7 - 11

    from your experience,

    how much did it cost to set up each of your 7 - 11?

    HOw much takings do you take per day?

    What are you costs per month?

    How much profit do you make a month, and how does this reflect your original investment on the unit?

    Do they supply you a work permit?, can you chose the staff and how many work in the store at any given time? can you control which staff you hire and also can you work in the store yourself ( if you wanted )

    Thanks

  3. Not sure that with that level of insecurity, Pattaya is the best place for the guy to be.

    Insecurity ? What do you mean ?

    Ok, I'm sad for this man. Maybe it could be a good idea to ask to administration for setting a public notice in the bars :"Beware. The gogo bars girls are not here for finding the great love, but for getting money".

    We men are so sensitive... :o

    or they could start a mass leaflet campaign ??? ....... The dangers of Bar Girls......

  4. WALL STREET FALLOUT

    Risk for prime office market

    Lehman was a major Bangkok landlord

    POST REPORTERS

    The collapse of Lehman Brothers Holdings, the largest bankruptcy in US history, could disrupt Thailand's prime office market, as the 158-year-old investment bank is one of the largest holders of commercial space in Bangkok. Lehman's global assets, listed at $639 billion as of May 31, include an estimated 50 billion baht worth of ''grade-A property, hotels and offices in Thailand'', according to Krisada Kaweeyarn, the executive adviser for Lehman's Bangkok office.

    Lehman's office holdings cover about 100,000 square metres of space in buildings including the Italian-Thai Building, Pacific Place on Sukhumvit Road, the Mercury Tower and the Muang Thai Phatra Building.

    The company also is a financier and investor in several listed property developers, including Raimon Land Plc, Grande Asset Hotels and Property, and Ascon Construction.

    Mr Krisada, who declined to confirm Lehman's borrowers, said the bank had outstanding commitments of 10 billion baht to three listed companies.

    As Lehman was in no position to service its obligations, the companies could have funding troubles unless they secured new credit lines.

    Pattanapong Tanumathaya, the chief executive of Ascon Construction, said the company was already moving to arrange new funding for its 16-billion-baht Dubai project.

    ''We approached Lehman several months ago about a loan, but they had delayed a decision because of internal problems,'' he said. ''We are in talks with other funding sources, both in Thailand and abroad.''

    Ascon shareholders also were interested in repurchasing the 7.5% stake held by Lehman in the company, Mr Pattanapong said.

    Raimon Land executives also denied any impact on the company from the Lehman collapse.

    In any case, Mr Krisada said the impact on the Bangkok property market could be substantial if the US bankruptcy court forces a liquidation of assets.

    ''I think that any new buyer would need significant funds if these properties were to come on the market at once,'' he said.

    ''Commercial banks are restricted in investment by the Bank of Thailand. Foreign funds may have the money, but many are quite cautious at the moment.''

    Mr Krisada warned that the gyrations in the global financial market were ''only the start of the crisis''.

    ''It's unlikely that there will be a foreign white knight [to buy Lehman's assets]. Everyone is simply unwinding their positions,'' he said.

    Mr Krisada said that Lehman's Bangkok office, with fewer than a dozen staff, was in no position to take any action, and that the Bank of Thailand should step in to help mediate with the bank's clients and counterparties.

    Authorities should also move to increase liquidity in the money market to ease the impact of the global credit crunch on local firms, he added.

    Patima Jeerapaet, managing director of the property consultant Colliers International (Thailand), said he believed buyers would be ready to step in if Lehman moved to sell Bangkok properties.

    While Lehman's holdings were in prime locations in the capital, prices could go for 20% to 30% below market value if a forced sale was required.

    ''It's actually a good opportunity for institutional or individual investors, both Thai and foreign, to pick up the assets,'' Mr Patima said.

    The direct impact of the Lehman bankruptcy, meanwhile, is focused on the equities markets, as stock markets worldwide have tumbled over fears of a full-blown US financial crisis and global recession.

    Prasong Vinaiphat, the deputy secretary-general of the Securities and Exchange Commission, called on investors to remain calm in the wake of the Lehman bankruptcy.

    He said that international equity markets, including the Stock Exchange of Thailand, had fallen as investors adjusted liquidity positions and foreign funds cut back their risk exposure.

    ''The SEC would ask investors to exercise careful judgement in trading decisions. Thailand's capital markets remain strong and on the right path,'' Mr Prasong said.

    He said Lehman Brothers did not conduct any securities operations in Thailand.

    The Bank of Thailand, meanwhile, is monitoring closely the potential impact of Lehman's bankruptcy on local banks. Thai banks currently have 4.3 billion baht worth of exposure to Lehman, either through loans or in bond investments.

    Asset managers have seen their foreign investment funds contract sharply with the decline in overseas securities markets.

    Pichit Akrathit, the president of MFC Asset Management, said the fund had been cutting back its foreign equities and bond holdings over the past several days.

    While MFC had no direct investment in Lehman securities, it did have an indirect exposure, although Dr Pichit declined to offer details.

    ''I think what is clear is that a global recession is a near certainty over the next several quarters,'' he said.

    Voravan Tarapoom, the president of the Association of Investment Management Companies, said the association would survey its members to gauge the impact of the Lehman collapse on local funds.

    Mrs Voravan, also the managing director of BBL Asset Management, said foreign investors would likely continue to divest their emerging market assets, affecting the SET.

    She added that BBLAM yesterday actually saw inflows into its long-term equity and retirement mutual funds double from normal levels, as investors took advantage of the sharp slide in the SET index to accumulate stocks.

    ''It's good to see that investors have a good understanding of the situation, and are not panicking,'' Mrs Voravan said, adding that the BBLAM funds had no exposure to US securities.

    http://www.bangkokpost.com/170908_Business...p2008_biz01.php

  5. An old Italian Mafia Don is dying and he called his grandson to his bed. "Grandson I wanna you lisin to me. I want for you to take my chrome plated Smith & Wesson .38 revolver so you will always remember me."

    "But grandpa I really don’t like guns, how about you leaving me your Rolex watch instead. "

    "You lisina to me, soma day you goin a be runna da bussiness, you goina have a beautiful wife, lotsa money, a big home and maybe a couple of bambino."

    "Soma day you goina coma home and maybe finda you wife in bed with another man. What do you do than? Point to your watch and say TIMES UP?"

  6. One day mother was cleaning little Johnny's room and under his mattress she found a bondage S&M magazine.

    This was highly upsetting for her. She hid the magazine until Father got home and showed it to him.

    He looked at it and handed it back to her with out a word. So she asked him, "What should we do about this?"

    Dad looked at her and said, "Well I don't think you should spank him."

  7. I'm no ajarn but I know a couple who work in universities here. The main complaint is that there is a lack of adherence to international standards. In areas like math, science, and english it's particularly important to have a international metric to strive towards. Thai schools seem to push people through the system regardless.

    There are some cultural factors too. Failure is generally not seen as an option for face reasons. Educators here are more concerned with dressing up the pig in new clothes rather than figuring out why they are dressing a pig to begin with. Also, let's face it Thais aren't the most academic people to begin with and the work ethic is spotty.

    The government is pretty lax and they can't come up with any experts to address the issue nor do they want to seek outside assistance in building their infrastructure. They know it's a problem but they don't understand how or why they should fix it.

    Very Well Put

  8. With the Rain fast approaching, i need to get my House prepared & need Guttering added to it sooner rather than later..Does anyone have any experience of Guttering Companies on the Island, Contact Details & a rough cost on a per m2 price ??

    try these guys, samui alluminium guttering:

    0878646216

    0869545788

    I remember now, that was the company that used to advertise

  9. In the early hours of Monday Morning, Police Lieutenant Anuwat from Pattaya Police Station was called to the Nuch Apartments located behind the South Pattaya Road market to investigate reports of an attempted suicide involving a foreign man. Arriving at the scene, rescue workers were already attending to Mr. Philippe 52 from France, who was lying in an unconscious state on his bed. Lacerations to his left wrist were evident and a pool of blood was seen on the floor next to the bed. The man was rushed to Hospital under the watchful eye of his girlfriend, Khun Sujee aged 34. She explained to Police that Mr. Philippe was becoming increasingly depressed because Khun Sujee would not stop working at a local Beer Bar. He was sure that she was seeing other men and the pair would often argue over her choice of work. The French Embassy in Bangkok is aware of the case and are now assisting Mr. Philippe who remains in Hospital at this time.

  10. paragraph from The Times UK this morning :-

    "Hank Calenti, a credit analyst at RBC Capital Markets, said that initial estimates putting Lehman's derivatives exposure at $690 billion were wide of the mark: "I would put the exposure closer to $800 billion," he said. Mr Calenti said that there would also be a big knock-on effect on the commercial property market because of a likely auction of $32 billion of Lehman's assets in the sector. Lehman tried and failed in recent weeks to offload $4 billion of securities backed by British residential mortgages. "

    The problem with commercial property is where are potential buyers going to

    borrow money in the middle of a credit squeeze ? :o

    Arabs and Russians ...............

×
×
  • Create New...
""