pattaya001

Remember the 97 asian crisis, (i.e. national security interests)? I am worried about legislation being passed at country level to compulsorily acquire electronically shares held in my wife's name. In the unlikely event that happens again in Thailand, can we lessen our exposure to such risk, even though governments can be a law unto themselves?

Risk-Management

[1] If I change the wife's electronic brokerage shares to certificated form, and the government were to claim national secuirty interests, as they did in the 97 crisis, are these certificated shares worth value, in the event we have purchased paper certificates, then this will not show on the brokerage computer automated account, right or wrong?

Or

[2] If our brokerage runs into financial ruin, do we minimise impact pre-exposure, where we transfer our electronic shares to certifcated form, then perhaps close the account, where value is held, if the papers are sold to another brokerage? By all accounts is possible. Only the SET are not keen to inform us otherwise. Skittish.

Remember the 97 asian crisis, (i.e. national security interests). I am worried about legislation being passed at country level to compulsorily acquire the electronically shares held in my wife's name. In the unlikely event that happens again in Thailand, are we able to lessen our exposure to such risk, given governments can be a law unto themselves?

Risk-Management - (Re-inforcing Success)

[1] If I change the wife's electronic brokerage shares to certificated form, and the government were to claim national secuirty interests, as they did in the 97 crisis, are these certificated shares worth value, in the event we have purchased paper certificates, then presumably this will not show on the brokerage computer automated account, right or wrong?

[2] Or if our brokerage runs into financial ruin, do we minimize impact pre-exposure, where we transfer our electronic shares to certifcated form, then perhaps close the account, where value is held, if the papers are sold to another brokerage, which by all accounts is possible? Only the SET are not bothered to inform us otherwise.

One further bug-bear self-inflicted query, which is, (assuming certificated shares are not interdependent of the original brokerage AC), and, I purchase further shares, (i.e hold new electronic shares), in the existing account, with new priced and ''oversold'' value, do I have two completely different portfolios, (i.e. one dependent and one active and valued against the SET)?

I think you've made similar posts without reply. I'll add the bits I think I know, as I don't hold any paper certificates these days... Under normal circumstances, I would not hold paper either. <Wise> and <Economical>

What you seem to be worried about is legislation being passed at country level to compulsorily acquire any shares you have. i.e some form of nationalisation. In the unlikely event that happens in Thailand, governments can be a law unto themselves...especially if they are claiming things like national security interests.

But if I minimize impact at ground level, in that, my brokerage runs into financial ruin, then are my certifcated shares independent of the brokerage, and worth value if sold onto another brokerage?

Plausible is the scenario, that in certain circumstances, I can even sell my Thai share certificates at ''some'' UK Banks, as I wish, as they are not interdependent of the Thai brokerage (account), right?

Are there any differences between electronically held shares and certificated shares, as I hope to sell certificated shares to others brokerages, assuming (right or wrong) my certificates are not inextricably ''exposed'' to an unforseen '08 carnage unfolding (but hold value)?

OP's OM:

If I change my Thai brokerage shares to certificated form, and the government were to withold brokerage assets as they did in the 97 crisis, do I avoid my certificated shares being valued worthless in the event of the 97 (re)-occurence?

The format of your certificates, whether paper or electronic has no bearing on the value of your shares. In some countries using a nominee or brokerage account can affect your ability to exercise voting rights, and things like that, however, you still ultimately own them at the same price.

Once in possession of a share certificate, do I forfeit my entitlement to receive company dividends?

No, not at all.

If certificated shares were frozen (witheld), or perhaps even delisted in the climate of a financial meltdown, can I re-sell them back to the listed companies at my price<>?

You have no automatic right to do sell your shares back to a company at your price, regardless of whether paper based certs or electronic registration. In the event shares are delisted and there is a compulsory buy back for whatever reason, they will usually be done at a price set by the company not the individual. However, the company cannot just pick any old price and rip you off. There are checks in place such as the compulsory purchase price cannot be below the trading price in the last x number of days... Duly appreciated and noted.

Can any investors clarify,

If I change my Thai brokerage shares to certificated form, and the government were to withold brokerage assets as they did in the 97 crisis, do I avoid my certificated shares being valued worthless in the event of the 97 (re)-occurence?

(In days), How long might it take to transfer to certificated shares, and then, sell-on at a later date?

Once in possession of a share certificate, do I forfeit my entitlement to receive company dividends?

If listed shares were frozen (witheld), or perhaps even delisted in the climate of a financial meltdown, can I re-sell certificateD shares back to the listed companies (at my price<>)?

Can any investor clarify? If I transfer my shares in a Thai brokerage to certificate form, and the Thai government were to freeze brokerage assets, as they did in the 97 crisis, do I avoid my certificated shares being seized or being valued worthless in such an event?

In days, how long might it take to transfer to certificated shares, and then sell as certificated shares at a later date?

Once in possession of share certificates, have I forfeited my entitlement to receive listed company dividend(s)?

Hello,

Can an investor clarify? Should I transfer my electronically held shares in a Thai brokerage account to certificate form, and the Thai government were to freeze all (most) brokerage assets, as per se the 97 crisis, am I better off holding certificated form of Thai listed companies, or not?

All I know is, it takes 45 days to transfer from electronic to certificate form at the cost of one-hundred baht. And it takes two days to sell on (commision*), with the certificated form at any Thai brokerage. Sound right, but are my shares worth anything should the markets crash in Thailand?

Hello,

Can an investor clarify, if I transfer electronically held shares in a Thai brokerage to Certificate form, do I bypass global financial ruin in the immediate years of uncertainty, in that, if the Thai government were to freeze brokerage assets, as per se the 97 crisis, am I better off holding certificates of Thai companies, or not?

I have been informed it takes 45 days to transfer from electronic to certificate form at a cost of one-hundred baht. And it takes two days to sell on (commision*), with the certificated form at any Thai brokerage.

Thank you kindly,

p001

I appreciate your input. To the point and factual. Thank you mizzi39.

I appreciate your input. To the point and factual. Thank you mario2008.

I've looked at several archived pages and seen the thread on ''The high cost of teaching legally in Thailand'' and it is worrying, however, it is what it is, and I remain flexible for the future, to a point.

However, I've one query:

I have limited teaching experience, a BA (about to have) and a TEFL, but how long can a school extend the probationary period for a starting teacher, in that, make legal the ''defintion'' of working without a WP, two-three months, indefinite? I am fixated on such matters am I not, but more than that, decisively interested.

If there is an existing thread relating to this exact question on another page, then by all means continue to flame this posting. Thank you.

I certainly see the difference in the hours I used to work as a part-imer [30-32 weekly] and the hours you currently teach, with WP. However, I am unclear if your teaching hours take into account actual lesson plans, that would make big difference? Little details make all the difference.

Presently, I am in Thailand waiting for receipt of degree papers. Later, I will either seek a full-time teaching post or refer myself back to the United Kingdom to work on an oil rig. They take poeple from all works of life, apparently. And if all else fails, well, if all else fails, I shall continue to live in Thailand on a half-yearly basis, on and off. So not in the UK, but here with wife and child.

Okay. There is much within the lines to save for future teaching. Intersting how you mention a better provision of ''visa'' working outside Thailand and the other costs you mention. Lots to take on board. I appreciate your honest comments and thoughts. Thanks.

Very fair comment. Whatever happened to the link I read some months back about starting out in Thailand, starting to teach. This one fellow poster harped on about how expensive it is to get recognised by the school, the flight to get the WP, the police check, the translation of docs, the loss of dipsoable income if there is not immediate full-time status and according salary whilst waiting to upgrade from part-timer to full-timer on a ''probationary period'' and then the ''tri-monthly'' border crossings to get a visa stamp in the passport. Would I be right in assuming that is takes a good five-six months before having cleared the debt of a starter teacher, or do private schools help somewhere along the line? I do recall they help with some provisos, but it has been some time since I last wore a tie. Thanks for thaivisa link.

I know it is not easy to look ahead without a crystal ball:

In this instance, it appears that a teacher to make good, must take every opportunity to select numerous teaching schools that have sound credentials, and are likley to take on board, support teachers with paper qualifactions and/ or teachers without papers on the success of their probationary period. However, I do hesitate to what end they make the call, if they cancel a teachers WP, or do they do this in limited circumstances given they are cautionary to offer a WP in the first instance? If the school offer the teacher a WP, they must believe in the teacher, is it that obvious, any contradictions here or in the schools governance?

Thanks super-moderator. At this stage, I appreciate your proffesional help.

As far I as I can find out....it's the LAW......but of course that doesn't mean it can't be done. A lot of places won't hire you because they don't have a pet Labour dept. officer etc etc....

I do know several teachers who shit themselves every time there is a reported "clamp-down" or check on unqualified teachers.

What happens to the teachers who are paper qualified, but work without wp's, are they any less ''clamped-down'' on? A question from a about to be graduate who wishes to get back on the teaching ladder. Any help appreciated wilko.

Nifty, direct background info, however, I am sure there are more personal experiences in how to willfully volunteer one's self into the 40,000 salary bracket? When I last taught 6 years ago at..., monthly salary was 24,000 baht in doing full-timer hours, in that, my status as a part-timer! Full-timers work less hours. I know we can't be too direct, I am, as you can see from previous experience, quite flexible. However, how flexible are the authorities with ''teachers'' supplementing income, and when they do routine checks, are the teachers who have a work permit without a degree blacklisted or are those teachers without a work permit, but in possession of degrees less wrist slapped, if any of this is making sense, direct or indirect, or otherwise?

Hi,

If I gained employment as a full-time teacher with a reputable teaching establishment, would it be legally permissable (or am I legally bound) to teach outside of contracted hours? Perhaps there are clues as to what a contracted teacher is allowed to do or not allowed to do, which increases an unagreeable wage into the more agreeable salary (i.e. 32,000-45,000)?

Hi,

Hypothetically speaking, if a foreigner teaches at a place of employment and then finds himself having to go back to his native homeland for unforseen circumstances, (i.e. death in the family, and so forth) what happens to the status of the visa, and does the passport holder have to re-apply for the teaching permit upon re-entry to Thailand? And if the teacher ceases to teach, which happens from time to time, are they without a valid visa stamp as the teaching permit is no longer valid, or are they restricted to continue to work in any post in Thailand, is this correct? It is a teaching permit and not a work permit, correct? Any facts or clues will help greatly. I reside in Thailand on a non-immigrant visa 'O' stamped in the passport.

I am a native English speaker who taught many moons ago for a year at a private school in Bangkok with a ''lesser'' visa. I am now married with visa 'O' status. I have attained, since then, a BCS ITQ, ECDL, TEFL certificate and about to be concluded open university BA degree. Hope to be in possession of the degree end of 2008. With this in mind, I would like to know the plausibility to (as an ''inexperienced'' teacher) gain a teaching salary of 32,000-35,000 in a Thai private school or government school? Location can be broad, but hours ''fixed'' for Full-Time teaching.

I am prepared to relocate the family, within reason, to a familiar Thai province other than Pattaya. Having read all the complexities of choosing a Thai teaching (career) path, I wish to know of the ''right'' path to take, rather than the ''lesser'' path to take:

[1] I am not sure if degree (four years ''not'' studied, e.g. HND credit transfer) and TEFL papers are credible for a teaching school and worthy to attain a teaching permit? I imagine up to the school. I am sure, however, that some establishments will ''officially'' put the new teacher on a working probation period or at the very worst, make a promise that cannot be kept. So, can anyone shed light on the cause and effect of pursuing legal working ''visa'' status if there appears to be a whole host of troubles that lurk in the shadows? I am more interested in staying on in Thailand to be with my wife and child, which has to be doable?

[2] I am not resided to teaching in Thailand alone, and would consider a teachers post in Taiwan or Korea given more knowledgable thoughts and comments? I am aware that Dave's ESL cafe provide clues, but wondered what board members have to say about its neighbouring countries? I am currently watching the cable show about teaching in Taiwan, which is a right turn-off; bunk beds and communal quarters and so forth. Thailand, however, appears the amiable alternative. Perhaps there are facts I do not know of. I am 34 years of age and was once an itinerant backpacker. Now willing to teach English at Kindergarten, priavte school, government school, whichever pays well, which has to be matter of fact, I have presumed?