IS THERE A *REGULATED* FINANCIAL SERVICES BUSINESS IN JOMTIEN, failing that in PATTAYA

[mercman24]

the heading says it all realy , thankyou in anticipation

[georgegeorgia]

hate to sound silly,but what does that mean?

im only a hospital orderly 

[champers]

A bank.

[KhunBENQ]

2 hours ago, georgegeorgia said:

hate to sound silly,but what does that mean?

I join the silly crowd.

Only for readers with higher imagination.

Sounds like a closed group discussion.

Edited June 13, 2022 by KhunBENQ

[aussiexpat]

You'll probably have more luck in the banking/investment forum 

 

https://aseannow.com/forum/13-jobs-economy-banking-business-investments/

 

Edited June 13, 2022 by aussiexpat

[bbko]

21 hours ago, mercman24 said:

the heading says it all realy

No it doesn't.  Are you looking for an accountant?  Investment advice?  Banking services?  Retirement advice?

 

And why the need for all the caps?

[treetops]

On 6/13/2022 at 3:05 AM, mercman24 said:

the heading says it all realy

The heading shouts it, but obviously not it all given the replies.

[Leaver]

On 6/13/2022 at 7:52 AM, champers said:

A bank.

 

Maybe not.

 

https://aseannow.com/topic/1206427-expats-swindled-out-of-100-million-baht-by-pattaya-bank-staffer-meet-prosecutor/

 

[champers]

Or maybe. I don't know if this ever got resolved. I suspect it is an ongoing issue.

[Oink]

One of the banks has a dedicated investment branch in Central Plaza.

Shows all the share prices on the screen in the window.

There are plenty of western "Financial Advisors" around but they are licenced to work in Thailand.

[Leaver]

On 6/22/2022 at 6:27 AM, champers said:

Or maybe. I don't know if this ever got resolved. I suspect it is an ongoing issue.

 

If you ever have an "issue" in Thailand, you have already lost. 

[PJ71]

5 hours ago, Leaver said:

 

If you ever have an "issue" in Thailand, you have already lost. 

Speculation.

 

I know many foreigners that have been in RTA that have not 'lost'.

 

Likewise with divorces and child custody. 

 

Most just give up trying and are prepared to get walked all over, are you one of them?

[Myran]

Is that where you repair broken Caps Lock buttons? Because you could really use that service.

[champers]

5 hours ago, Leaver said:

 

If you ever have an "issue" in Thailand, you have already lost. 

I am not posting details, but from personal experience that is not always the case.

[Leaver]

On 6/24/2022 at 4:07 PM, PJ71 said:

Speculation.

 

I know many foreigners that have been in RTA that have not 'lost'.

 

Likewise with divorces and child custody. 

 

Most just give up trying and are prepared to get walked all over, are you one of them?

 

No, I'm one of the guys that doesn't get into an "issue" in the first place.  ????

[Leaver]

On 6/24/2022 at 4:40 PM, champers said:

I am not posting details, but from personal experience that is not always the case.

 

Care to place a percent on win / loss -  lawyers / police clean up, not to mention, money / asset returned to foreigners?

 

 

Edited June 28, 2022 by Leaver

[BritManToo]

Any Company that employs foreigners will not be legit, as financial services are restricted to Thai citizens only. 

[champers]

19 minutes ago, Leaver said:

 

Care to place a percent on win / loss -  lawyers / police clean up, not to mention, money / asset returned to foreigners?

 

 

I haven't a clue. Do you?

[Leaver]

1 minute ago, champers said:

I haven't a clue. Do you?

 

From speaking to a few people, and the cases I read in the media, I can't recall successful outcomes for the plaintiffs. 

 

One guy I know went against ALL advice and bought "off the plan" here.  He, and others, lost the lot, despite taking legal action. 

 

Maybe a member can post a link of a civil case where a foreigner had a successful outcome here.

[aussiexpat]

24 minutes ago, Leaver said:

 

From speaking to a few people, and the cases I read in the media, I can't recall successful outcomes for the plaintiffs. 

 

One guy I know went against ALL advice and bought "off the plan" here.  He, and others, lost the lot, despite taking legal action. 

 

Maybe a member can post a link of a civil case where a foreigner had a successful outcome here.

Grand Avenue and Centara condos in Pattaya soi 15 are two examples. Both condos were shut down until a kind Thai bought the developments with a promise that all owners would get their Condo's and they did. All legal actions granted

 

Edited June 28, 2022 by aussiexpat

[Leaver]

21 minutes ago, aussiexpat said:

Grand Avenue and Centara condos in Pattaya soi 15 are two examples. Both condos were shut down until a kind Thai bought the developments with a promise that all owners would get their Condo's and they did. All legal actions granted

 

 

Good for them. 

 

Would you care to put a percentage on successful legal outcomes for foreigners here? 

[aussiexpat]

1 minute ago, Leaver said:

 

Good for them. 

 

Would you care to put a percentage on successful legal outcomes for foreigners here? 

Why would I make something up because there is no way I'd ever have that knowledge, it'd be a random guess.

 

That's what you are good at so I'll leave it to you

[Leaver]

13 minutes ago, aussiexpat said:

Why would I make something up because there is no way I'd ever have that knowledge, it'd be a random guess.

 

That's what you are good at so I'll leave it to you

 

You've put forward a case of a successful outcome for plaintiffs.  Do you know of any unsuccessful cases?  If so, do the unsuccessful cases outnumber the successful cases?

 

If every member knew of more unsuccessful cases to successful cases, what does that tell you? 

[champers]

7 minutes ago, Leaver said:

 

You've put forward a case of a successful outcome for plaintiffs.  Do you know of any unsuccessful cases?  If so, do the unsuccessful cases outnumber the successful cases?

 

If every member knew of more unsuccessful cases to successful cases, what does that tell you? 

It tells me you are in an argumentive mode ... again. You will not broach any opinion other than your own.

You should chill out a bit. I hear there is a new product on the market now widely available to help you attain karma. ????

Edited June 28, 2022 by champers

[aussiexpat]

2 minutes ago, Leaver said:

 

You've put forward a case of a successful outcome for plaintiffs.  Do you know of any unsuccessful cases?  If so, do the unsuccessful cases outnumber the successful cases?

 

If every member knew of more unsuccessful cases to successful cases, what does that tell you? 

You stated you didn't know of any successful cases and asked for members to let you know of any because you believed there where none. I gave you two examples for over 100 condos and so now you want me to list unsuccessful cases

 

Do your own research instead of just stating your beliefs as fact

[Leaver]

On 6/28/2022 at 7:27 AM, aussiexpat said:

You stated you didn't know of any successful cases and asked for members to let you know of any because you believed there where none. I gave you two examples for over 100 condos and so now you want me to list unsuccessful cases

 

Do your own research instead of just stating your beliefs as fact

 

I never said there were "none."  I said I didn't know of any.

 

So two successful cases over the many cases appearing in the media doesn't make for good odds, does it? 

[PJ71]

On 6/28/2022 at 5:41 AM, Leaver said:

 

No, I'm one of the guys that doesn't get into an "issue" in the first place.  ????

Sure ok, you know everything as you 'claim' in most of your other posts - Pattaya dying it's death is a good point in case.

[Leaver]

On 6/30/2022 at 5:17 AM, PJ71 said:

Sure ok, you know everything as you 'claim' in most of your other posts - Pattaya dying it's death is a good point in case.

 

I've never suggested Pattaya would fall into a hole and disappear.

 

Pattaya still has the biggest and best sex trade in the world, but sex tourists are only one part of a tourism market. 

 

I have suggested the traditional business model of how the sex trade here profits business owners, and thus Thai landlords, may be digitally disrupted in the future, the question is, by what percent. 

 

Meeting Thai hookers online was around pre covid, so it's not something that will fade away as covid comes to pass.  For businesses with tight margins, who rely heavily on lady drinks and bar fines, a loss of even 10% in the turn over from lady drinks and bar fines may be enough to close their business. 

 

Of interest, is the next generation of monger coming through.  Their whole life is spent online.  They are already familiar with apps like Tinder.  It's nothing new to them at all. 

 

Once again, tourists were meeting Thai hookers online, pre covid, it didn't start due to covid, and I can only see it resuming, and gaining in popularity, into the future.  Will it effect businesses next month, no.  Will it effect businesses next high season, probably not.  Will it effect businesses a couple of years from now, in my opinion it will. 

 

I've suggested, and given some examples, of what Vietnam is doing to attract tourists, not just sex tourists.  Eg. world record breaking cable car, casinos, more airports etc.  What is Thailand building to not only retain its tourists, but to attract new tourists, other than zero baht Chinese tourists and sex tourists?  

 

Other factors have also been mentioned, not only by myself, like the loss of holiday savings of potential tourists due to covid, the high cost of living and inflation in many western countries, rising interest rates etc.  These are out of the control of Thailand, but will certainly have an impact. 

 

I know you, and others, view such opinions / predictions / comments / statements / observations / questions etc as doom and gloom, but once again, things were not great in Pattaya before covid.  I think back to the 2019 - 20 high season, just before covid, and it was the quietest high season I have ever seen. 

 

It's great to see Pattaya rebounding from covid, but what, exactly, is it rebounding to?  A low 2019 - 20 high season perhaps? 

 

Is it possible covid was a distraction, to put it mildly, to what was already happening here? 

 

This coming high season will be interesting.  I hope we can use the terms "thriving" and "rammed" as accurate descriptions in the future. 

 

Edited July 1, 2022 by Leaver

[treetops]

Poor OP asked a basic question and now the thread's gone all over the place thanks to Pattaya's answer to Adam Smith.  ????

[PJ71]

1 hour ago, Leaver said:

 

I've never suggested Pattaya would fall into a hole and disappear.

 

Pattaya still has the biggest and best sex trade in the world, but sex tourists are only one part of a tourism market. 

 

I have suggested the traditional business model of how the sex trade here profits business owners, and thus Thai landlords, may be digitally disrupted in the future, the question is, by what percent. 

 

Meeting Thai hookers online was around pre covid, so it's not something that will fade away as covid comes to pass.  For businesses with tight margins, who rely heavily on lady drinks and bar fines, a loss of even 10% in the turn over from lady drinks and bar fines may be enough to close their business. 

 

Of interest, is the next generation of monger coming through.  Their whole life is spent online.  They are already familiar with apps like Tinder.  It's nothing new to them at all. 

 

Once again, tourists were meeting Thai hookers online, pre covid, it didn't start due to covid, and I can only see it resuming, and gaining in popularity, into the future.  Will it effect businesses next month, no.  Will it effect businesses next high season, probably not.  Will it effect businesses a couple of years from now, in my opinion it will. 

 

I've suggested, and given some examples, of what Vietnam is doing to attract tourists, not just sex tourists.  Eg. world record breaking cable car, casinos, more airports etc.  What is Thailand building to not only retain its tourists, but to attract new tourists, other than zero baht Chinese tourists and sex tourists?  

 

Other factors have also been mentioned, not only by myself, like the loss of holiday savings of potential tourists due to covid, the high cost of living and inflation in many western countries, rising interest rates etc.  These are out of the control of Thailand, but will certainly have an impact. 

 

I know you, and others, view such opinions / predictions / comments / statements / observations / questions etc as doom and gloom, but once again, things were not great in Pattaya before covid.  I think back to the 2019 - 20 high season, just before covid, and it was the quietest high season I have ever seen. 

 

It's great to see Pattaya rebounding from covid, but what, exactly, is it rebounding to?  A low 2019 - 20 high season perhaps? 

 

Is it possible covid was a distraction, to put it mildly, to what was already happening here? 

 

This coming high season will be interesting.  I hope we can use the terms "thriving" and "rammed" as accurate descriptions in the future. 

 

Comical that you put so much effort into your replies to try and justify yourself.