Phuket

ToTheBeach · #**421** 22-09-2006, 20:03

I could have missed this link in this discussion:
Sonthi outsmarted Thaksin at the eleventh hour

If things would have happened like described, is Thailand not protected from a lot worse by the present situation?

In my opinion, yes.

No one is a supporter of a coup, especially a military one, but... in the situation as it existed and the possible escalation described in this article might almost have been a 'valid' reason to intervene.

Looking forward having your thoughts...

LivinLOS · #**422** 22-09-2006, 20:29

C'mon.. Thats pure Sonthi propoganda !! Ohh our coup stopped a bloodbath..

Also news clampdown now says that any news puplication that prints anti coup news is in big trouble.. ThaVisa has messages to say no anti Sonthi or Pro Thaksin posts..

Just media spin control.

I aqm not in favor of thaksin or especially bothered by the coup.. But I can see propoganda when its that obvious. Thats got Sonthi press release written all over it..

ToTheBeach · #**423** 22-09-2006, 21:02

Absolutely see where you coming from with that answer. Still, an interesting read and some elements look rather realistic, being it sooner or later if Tghaksin was still in power.

Also interesting to hear Sondhi (PAD) saying that he was against a coup. The positive fact though was that Thaksin was gone...

K2 · #**424** 25-09-2006, 10:14

Day 6 after the coup leaves the markets as follows-

Offshore overnight has slipped back to 42% - still high but down from 92.9% Friday - this is still indicative of a shortage of THB in the offshore market - this remains a concern and would look for it to fall back further.

Onshore O/N down 4bp to 5.43%.

THB interbank trading 10 satangs stronger at 37.40 - noting that CNY and JPY firmer again overnight. Noting the expenisve offshore o/n THB rates - it is very expensive to SELL THB short - that is why so far there has been no weakness in the Baht.

SET - Closed Friday down 1.6% and today opens down 2 points - in line with Wall St and Tokyo declines.

fishead · #**425** 25-09-2006, 12:23

A Coup, I though they only happened in South America?

brit · #**426** 26-09-2006, 23:07

The BBC have an interview with one of the generals:

BBC NEWS | World | Asia-Pacific | Thai military leader defends coup

K2 · #**427** 27-09-2006, 12:53

A full week after the coup leaves the markets as follows-

Offshore overnight has slipped back to 34.5% - still high but down from 92.9% Friday (22/09) - this is still indicative of a shortage of THB in the offshore market - this remains a concern and would look for it to fall back further. (Normal would be 2-5% over onshore rates).

Onshore O/N down 1bp to 5.42%. Onshore yeild curve is now flat out to 1 year.

THB interbank trading 15 satangs weaker at 37.55 - noting that CNY firmer again overnight. Noting the expenisve offshore o/n THB rates - it is very expensive to SELL THB short - that is why so far there has been no weakness in the Baht.

SET - now trading unchanged to prior to the coup.

(Will make this the last update - unless anything drastic happens).

Bobby · #**428** 28-09-2006, 15:40

Official site of the junta: Council for Democratic Reform

K2 · #**429** 15-11-2006, 23:31

A full 2 months after the coup leaves the markets as follows-

Offshore overnight has plunged to 1.8% - drastic drop from 92.9% (22/09) immediately after the coup- this is indicative of a excess THB in the offshore market.

Onshore O/N down 16bp to 5.26%. Onshore yeild curve is now flat out to 1 year. (Note: Onshore THB rates are the same as the US!)

THB interbank trading 105 satangs stronger than 2 months ago at 36.50 - THB continues to firm as does the SET. The world is seemingly very positive about Thailand and the economic progress made under this administration.

(Noticed the drastric drop in offshore O/N so thought worthy of an update).

barfly · #**430** 16-11-2006, 01:16

Quote:

Originally Posted by K2

A full 2 months after the coup leaves the markets as follows-

Offshore overnight has plunged to 1.8% - drastic drop from 92.9% (22/09) immediately after the coup- this is indicative of a excess THB in the offshore market.

Onshore O/N down 16bp to 5.26%. Onshore yeild curve is now flat out to 1 year. (Note: Onshore THB rates are the same as the US!)

THB interbank trading 105 satangs stronger than 2 months ago at 36.50 - THB continues to firm as does the SET. The world is seemingly very positive about Thailand and the economic progress made under this administration.

(Noticed the drastric drop in offshore O/N so thought worthy of an update).

Are we meant to understand any of that?

stevem · #**431** 16-11-2006, 06:26

Quote:

Originally Posted by barfly

Are we meant to understand any of that?

For those that do, I'm sure they appreciate the feedback

TanMan · #**432** 16-11-2006, 07:15

[quote=K2;253232]A full 2 months after the coup leaves the markets as follows-[quote=K2;253232]

Da chit hit da fan here. We hadda coup.

[quote=K2;253232]Offshore overnight has plunged to 1.8% - drastic drop from 92.9% (22/09) immediately after the coup- this is indicative of a excess THB in the offshore market.[quote=K2;253232]

Too mutt cash here nor there. Not sure where.

[quote=K2;253232]Onshore O/N down 16bp to 5.26%. Onshore yeild curve is now flat out to 1 year. (Note: Onshore THB rates are the same as the US!)[quote=K2;253232]

Who da shite gonna iron my clothes for the next year talkin flat???

THB interbank trading 105 satangs stronger than 2 months ago at 36.50 - THB continues to firm as does the SET. The world is seemingly very positive about Thailand and the economic progress made under this administration.

.[quote=K2;253232] 105 satangs might buy me a gumball. But I'll give it a go..

Quote:

Originally Posted by K2

(Noticed the drastric drop in offshore O/N so thought worthy of an update).

And there you go...... I think I understood

The TanMan

barfly · #**433** 16-11-2006, 14:25

Does any of the above indicate what % interest I would get on a savings account from a Thai bank? Currently about 4% in the UK, give or take.

K2 · #**434** 16-11-2006, 17:21

Quote:

Originally Posted by barfly

Does any of the above indicate what % interest I would get on a savings account from a Thai bank? Currently about 4% in the UK, give or take.

If your a foreigner then you get zero % on your Thai bank a/c savings/deposit etc.

For Thai's then dependent on how long your prepared to tie your money up then 3.25% to 5.00%. See here:

Deposit Interest Rates

barfly · #**435** 16-11-2006, 18:16

Quote:

Originally Posted by K2

If your a foreigner then you get zero % on your Thai bank a/c savings/deposit etc.

For Thai's then dependent on how long your prepared to tie your money up then 3.25% to 5.00%. See here:

Deposit Interest Rates

They've certainly got it in for farangs every which way you turn!

LivinLOS · #**436** 16-11-2006, 18:34

I get some.. Only tiny % but I dont get 0..

Heard this before about some banks giving some farangs 0 rates but being Thailand being totally inconsistant, same bank different rules for different people.

Dodger · #**437** 17-11-2006, 00:51

Quote:

Originally Posted by K2

If your a foreigner then you get zero % on your Thai bank a/c savings/deposit etc.

For Thai's then dependent on how long your prepared to tie your money up then 3.25% to 5.00%. See here:

Deposit Interest Rates

I'm a foreigner I think??? I get .75% on current account and nearly 5% on savings account. Was in bank a few weeks ago and they offered me nearly 6% if I invested 1mil plus for 3 months or longer but said last day and had to decide right then, sounded like a sales line, gone tomorrow ha! probably offer me again next week!!! wrong.!!!!

I was hot and couldn't be bothered but afterwards thought that was actually a really good deal with such a short time lock in (Kasikorn Bank)

K2 · #**438** 17-11-2006, 08:01

Quote:

Originally Posted by Dodger

I'm a foreigner I think??? I get .75% on current account and nearly 5% on savings account. Was in bank a few weeks ago and they offered me nearly 6% if I invested 1mil plus for 3 months or longer but said last day and had to decide right then, sounded like a sales line, gone tomorrow ha! probably offer me again next week!!! wrong.!!!!

I was hot and couldn't be bothered but afterwards thought that was actually a really good deal with such a short time lock in (Kasikorn Bank)

K-Bank is decent bank - one of the top 4 in Thailand - if they offered that to you as a foreigner a bit surprising unless you hold joint a/c with your g/f. Still have to agree 6% when base rate here is 5.25% is very good.

TanMan · #**439** 17-11-2006, 08:37

Quote:

Originally Posted by K2

K-Bank is decent bank - one of the top 4 in Thailand - if they offered that to you as a foreigner a bit surprising unless you hold joint a/c with your g/f. Still have to agree 6% when base rate here is 5.25% is very good.

Wake up my friend. You're missing 6% returns.....

The TanMan

Dodger · #**440** 17-11-2006, 10:39

Quote:

Originally Posted by K2

K-Bank is decent bank - one of the top 4 in Thailand - if they offered that to you as a foreigner a bit surprising unless you hold joint a/c with your g/f. Still have to agree 6% when base rate here is 5.25% is very good.

Nope account is in mine, Oli and Duncs name. Put the boys on the account in case I died here and thought might be a problem them getting access to dosh. Was one of my more serious maturer moments but just do not know legalities here in the case of death so thought it best.

K2 · #**441** 12-12-2006, 22:48

Well as Steriod Gun has posted here ... why is beyond me and its certainly SPAM

... so have a dose of the latest economics...

Since THB probing lower (9 year lows against USD) took at quick look at THB yeild curve.

Offshore overnight is 1.2% - sign that there is piles of excess liquidity in the offshore market. Bit surprised to see onshore O/N trading 18bp above BoT base rate. Out 9 months the market is pricing in a 25bp rate cut!