Selling a townhome and need some advice
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331
What is it about Trump that triggers you and causes you so much angst and unease
Post the video. Text doesn’t do it for word salad. -
64
Huge win for Trump as world's second biggest carmaker relocates manufacturing to US
Seeing as the UK took 3 years for a full trade deal with India recently announced, whatever they've just knocked up with the Americans ain't going to be 'full and comprehensive' - possibly full of something -
19
What Thai bank credit card do you have?
Misinformed about GSB in what regard? In the regard that it cannot collapse? All banks can collapse, Government or not Government. It is just some are more likely than others to have issues in bad financial times. With regard to your wife's friend, ... her friend having a good job in a good bank is in my view an excellent and solid career. Well done !! I know a couple senior bankers (outside of Thailand), they are good people and they did very well financially. Obviously thou, they would never say anything negative about their bank's finances that could be then quoted in public. Nothing. So if judging a bank, other criteria is needed, in my view to judge a bank, than just the view of the employees. With regards to very wealthy people putting their money in GSB. Sure. Of course. But all their money in GSB. No. In my view not a chance. I know some wealthy people and they have MULTIPLE accounts in each of the major Thai banks. They diversify. However for them trying to stay under 1-million baht in any one bank is simply not practical for them, if they want more liquidity. So they spread their money across multiple banks (which means significantly over 1-million THB in multiple banks). I don't consider myself wealthy, but that is what I do (more outside of Thailand than inside). I have accounts in a few Thai banks (and more foreign bank accounts), and I note (with exception of SCB where I just opened an account) Krungsri is my smallest account, and yes, I do qualify for Krungsri Exclusive status. Looking back to Thailand's history, its true in the 1997 the Government Savings Bank (GSB) was only moderately affected, compared to some others. At the same time, I note that Krung Thai bank (one of Thailand's largest state-owned commercial banks) had major issues. I also understand that Kasikorn Bank (known as Thai Farmer's Bank at that time) in 1997 faced serious issues, with the bank dissolved in year 2000 due to the financial fallout from the 1997 Thai financial crisis, and it was later rebranded as Kasikorn Bank. Today it is one of Thailand's largest commercial banks, and my understanding is that operates to a much higher standard than 30 years ago. With regard to the major (ie largest) Thai banks in 1997, my understanding is that none of the depositors of the major Thai banks were directly impacted in terms of losing savings in 1997. Only the very small Thai banks had depositors hit the hardest, where for some they faced restricted access to funds for months. I believe that Thailand also did not have a formal deposit insurance scheme at the time. So perhaps GSB gave some piece of mind in 1997, but regardless, those with savings holdings in the large Thai banks were also pretty much ok then. Now, one might say that Thailand was 'lucky' (?) in 1997. Some other countries have had government banks and government controlled banks fail. ... Yes government banks. ... Some examples that come to my mind, and perhaps you know of more: 1. Banco Nacion (Argentina) 2000 to 2001 - savings withrawals were restriced and frozen in cases. 2. Gosban (Soviet Union) 1991 collapse - depositors in rubles lost much of their money through hyperinflation and currency collapse 3. IDBI Bank (India) pre-2004 and after. 4. Laiki Bank (Cyrus) 2013 - Depositors lost funds above the 100,000 euro insurance threshold 5. Multiple State Owned banks (Zimbabwe) - 2000s - depositors lost much of their money through hyperinflation and currency collapse, bank withdrawal limits, official "dollarisation" (2009) where those who didn't have foreign savings lost much of their savings BACK ON TOPIC - In regards to what Thai Bank credit cards AseanNow forum members have, I want to point out to achieve Krungsri Exclusive, it does not have to mean 5-million sitting in Thai baht cash in Krungsri (rather the financial asset can be in different forms). I think that point was lost. My OWN experience is that mutual funds, managed by Krungsri also contribute to the qualification for Krungsri Exclusive and those mutual funds come with their own separate risk (like any mutual fund has risk). So one's 5-million in Krungsri need not be all in Thai baht cash. For example (I speculate) possibly one could have 1-million THB in cash, and much more in a Krungsri managed mutual fund to exceed the 5-million combined. For this qualification, one would need to chat with the Krungsri branch manager at one's local bank. Now, if you have heard up to date financial bad news specifics against Krungsri (or against any other Thai bank's) regarding their solvency, I think all in this forum would be most interested. But again, in regards to the topic you started (on Credit Cards), I think we are all curious about what Thai bank credit cards people have, and curious about the benefits ... (and less curious about the bank financial details, unless one has solid news to point to that a bank is in trouble). Obviously, that is just my opinion. Best wishes to all, and I am curious as to what Thai credit cards other have. -
310
Report Israeli Tourist Sparks Outrage Over Shoe Rule Dispute in Thailand
Not sure why you are so defensive of Israel or Israelis, but for anyone that's been here for a while or has a business, they have a name in thailand, and it not unjust. They are know to be arrogant, rude and disrespectful. They are rude to staff, complain about food and often refuse to pay their bills. This is not all of course, but enough to be stereotyped. Personally I don't believe this girl had a bad foot, I think the whole incident was due to her attitude and refusal to take her shoes off. -
310
Report Israeli Tourist Sparks Outrage Over Shoe Rule Dispute in Thailand
How do Thais know where they are from? -
92
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