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dirty guru
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I recall an aircraft being impounded in Germany with court orders to seize it * (for unpaid work performed in Thailand )
Unpaid business is not rare in Thailand -
Horror stories abound-
The Thai Economy nose dived this last year due to flooding and effects - and though aspects and opportunities may exist in Thailand -
The Average Joe (at least learned ones ) invest with a High degree of caution-
The word "red tape" rings a bell
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Bangkok Women : Meet Sensual Bangkok Women
Posted on: 6:21 pm on Feb. 25, 2012
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koolbreez
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Thailand is no different than investing anywhere else in the world. The amount of risk is reflected by the return on investment.
There are in fact some very good investments in Thailand.
If you do not do your due dilligents you will get ripped off, in an country.
There is heavy red tape exporting from any country into another one. Thailand is not unique in this. You want to see extensive red tape, import into the USA. Thailand is a cakewalk compared to importing into the USA.
There are costs anywhere you go that just aren't called bribes in every country, but the fees are the same. In the USA you pay the longshoremen to unload your product.
In Thailand you pay the customs agents to get it loaded onto the ships. It's the same just different wording, and people receiving the money.
Thailand is actually very easy to do business in because it is so corrupt.
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Thai Girls : Meet Sexy Thai Girls
Posted on: 4:22 am on Feb. 26, 2012
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Bimlee
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I had been to LOS many many times. I am confident saying investment in Restaurants, Hotel/ Apartment business, Travel agencies are the main avenues for any beginers..........There are many others like Bar, Beauty Parlours,.....and so on.....
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Bangkok Girls : Meet Sexy Bangkok Girls
Posted on: 4:53 am on Feb. 26, 2012
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magnum
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I don't know, guys. Thailand is not for everyone.
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Before drawing any broad conclusions, a reader has to think about the investor class Bloomberg's lofty #2 in Asia ranking targets.
There are several classes of investors for whom this would not apply.
In context to investors of Thai equities, I can buy-in. These short-term investors and speculators, are somewhat protected by Thai SEC supervision... but, even the Thai SEC is no guarantee, as criminal mischief by Thai public companies, and even SEC officials themselves, was recently reported.
This class of investor and speculator has a hand on the doorknob (smartly so), and can quickly exit when Thailand's 3rd world character surfaces, as is the consistent historical cycle here... (midnight declaration of currency float after a vigorous and very public defense to the contrary; midnight declaration of capital controls; military coups and riots; uncontrolled floods inundating 65 of 77 provinces, and 6 of the county's 8 largest industrial estates).
A 2nd class of investor, true long-term investors, are the big multi-nationals. They've the economic (and, thus, political) gravitas to avoid being messed with, which would draw a bad investment image for Thailand, so they are handled differently.
Now, this class of investor (the corporations themselves) seem to be taking far greater risk than the short-term investors and speculators Bloomberg serves, who can trade out of their shares the moment floodwaters and generals threaten.
A 3rd class of investor, small enterprises and individual investors enjoy none of the benefits either of the first two investor classes enjoy.
I know few foreign small investors who really sustain any meaningful success here, especially when exposed to local partner risk. Having control of your business over Thai partners, and employees is reeeeal important to this investor class.
The local wisdom, is that small investors have to have made their fortune before arriving in Thailand.
The Bloomberg perspective might be spot on for a limited spectrum of short-term investors and speculators.
I'd also draw attention to the authors... a Thai, and his co-author reporting from Sydney. Unless the farang has extensive experience here, he might allow his Thai co-author to gloss over the structural risks with which Thailand still struggles.
Few lines are dedicated to Thailand' more notorious weaknesses. While Thailand's high political risk was acknowleged, it's interminable corruption and the notorious lack of rule of law were overlooked.
It is an interesting bet, Thailand. But... it is a bet.
A hedged bet, at that, for Bloomberg's audience... for them, get in/get out. Not the resounding endorsement of Thailand's strong foundations and secure future the article title implies.
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Thai Women : Meet Matured Thai Women
Posted on: 6:12 am on Feb. 26, 2012
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thailife
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I think you guys are missing it... this study is about how institutional funds view putting thir money to work in Thailand....
They do not invest in small company's, they invest in publicly traded company's, most often run by Thais.
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Bangkok Women : Meet Beautiful Thai Girls
Posted on: 10:30 am on Feb. 26, 2012
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Bimlee
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Your input is invaluable Magnum.... very very informative. Thanks a lot brother.
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Bangkok Girls : Meet Attractive Thai Girls
Posted on: 10:35 am on Feb. 26, 2012
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dirty guru
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Quote: from magnum on 11:12 pm on Feb. 26, 2012
Few lines are dedicated to Thailand' more notorious weaknesses. While Thailand's high political risk was acknowleged, it's interminable corruption and the notorious lack of rule of law were overlooked.
On top of the challenges of protectionism/discrimination regarding foreigners and foreign investments, which I have only just scratched the surface here, is the overall global business slowdown combined with a climate of political instability which I am sure you have seen in the news. Thailand has seen 18 coups since 1932.
Yingluck and the government look stable for now, but the reality is Thailand is always on shaky political ground...that's not good for investments.
Thailife, your Report did indeed fail to mention lack of Thai safe guards...corruption etc.
Even if we took your advice of publicly traded companies,again Thailand is littered with corrupt dealings.
Your Bloomberg report might have glossed over risk somewhat.
The brother of the current prime minister did many illegal trades and used his position when he was prime minster to favor his family businesses.
Imagine if you invested in the other telco companies...?
You had no less than the prime minister against your interests.
I wouldn't be surprised if the Thai government paid for that press article..
Fiinancial review respected Australian business leader rated Thailand as far lower than Indian and China.....and also dismissed Thailand as essentially unstable politically, and a higher risk for investment.
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Thai Girls : Meet Active Thai Girls
Posted on: 3:25 pm on Feb. 26, 2012
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magnum
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Quote: from dirty guru on 4:25 am on Feb. 27, 2012
Fiinancial review respected Australian business leader rated Thailand as far lower than Indian and China.....and also dismissed Thailand as essentially unstable politically, and a higher risk for investment.
... Thailife is correct to emphasize Bloomberg's recommendation is really for short-term investors in publicly-traded companies, where much more can be known about the company than about private enterprises.
Because of an absence of rule of law, underwriting for corruption is difficult in Thailand. But, some progress is being made.
For example, indictments were finally filed against the top executives of Picnic Corporation for stealing something like US$10-15m from the company shareholders. Though the evidence blatant, prosecutors took years and years to bring charges. The indicted include close family members of a prominent family and a former Minister of Commerce. However, I doubt anything will come of it, owing to Thailand's corrupt justices.
Underwriting for political risk is simple, but ineffective... be prepared to exit on a moment's notice. If you are a large investor, this might be more difficult because the Thai bourse is generally illiquid. You simply cannot dump your shares fast enough to avoid your own blowback.
We did a test sale on shares in a public company in which we had major position about 10 years ago... even a small selldown was horrendous. I cannot imagine exiting fully, along side a bazillion other foreign shareholders, after a political event.
Despite Bloomberg's gilded report, I really believe thinking institutional investors view Thai equities as a risky bet with no less than 3rd world risk attributes.
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Thai Women : Meet Matured Thai Women
Posted on: 6:24 pm on Feb. 26, 2012
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thailife
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Remember a lot of this is 'hot money'.... as long as the trend is your friend the money will flow into a country... once the trend stops, it's good night, the fat lady is singing....
Capital flows are more often than not these days based on trends, not fundamentals.....
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Bangkok Girls : Meet Attractive Thai Girls
Posted on: 8:22 pm on Feb. 26, 2012
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