Entries Tagged 'Money' ↓

The American credit world is like a soap opera or something similar. I must say the system of credit and loans are much more complex and different from what I never been used to. It is good in one way that people can take loan and that people always can see your credit. But to much easy access to this kind of information also creates problems off course.

Lifelock is a company that charge American consumers a small free to prevent people from stealing their credit information.

They have now being accused by Experian to cost a lot of money for Experian. Well yes it will cost Experian more money but it is for the better good of the consumers.

The National Parks, Wildlife and Plant Conservation Department has cut the entrance fees for foreigners to national parks countrywide in order to get more overseas tourists.

The reduction has been affected since the department got many complaints from foreign visitors that the fees are too high for them, compared with the poor facilities for tourists at the parks.
This reduction will be effected since Dec 1; the entrance fees for adult foreigners have been cut for half from 400 to 200 baht for the most popular parks, and by 75% for the less popular ones.
Among the most popular sites where the fees were cut by half for foreigners include the marine national parks of Mu Koh Lanta National in Krabi, Mu Koh Chang in Trat, Mu Koh Angthong in Surat Thani and Mu Koh Tarutao in Satun, Doi Suthep-Pui and Doi Inthanont in Chiang Mai, Jae Son in Lampang, Khao Phra Viharn in Si Sa Ket and KhaoYai in Nakhon Ratchasima.
But some famous sites are still remaining the same entrance fee for the foreign visitors such as Mu koh Surin and Mu Koh Similan where the entrance fees are still 400 baht for adult doreigners and 200 baht for children.
To gain more tourists to lesser-known national parks, such as Khao Lak-Ramru in Phangnga and Tap Lan in Prachin Buri, the rate for foreigners has been cut from 400 to 100 baht for adults and from 200 to 50 baht for children which were cut about 75% from the previous price in order to get more tourists first. But they also predict that the price will be getting high again since the sites become popular and been visited by many foreign visitors.

Department chief Chalermsak Wanichsombat said the fee adjustment was aimed at promoting Thailand tourism.

This news is not exactly 100% good news because while foreigners enjoyed a sharp reduction in national park entrance fees, locals will be charged more at some popular sites. It’s the truth that there is no change has no affect on some people and in this change of the foreign fee, the local people are affected. The local people have to pay double from the previous price they have to pay before such as if the previous price is 20 baht, from now on, the local people have to pay 40 baht instead.

Anyhow, the reduction of the entrance fee for foreign visitors is not affected only for the local people but also the department because the high rate can let the department be able to maintain the sites. The department claimed that lowering the entrance fees would only benefit tour operators because most of the tourists prefer to buy the package with the tour operators which also included the entrance fee. So the tour operators can charge and get profit from the reduction that the department has been made.
They also claimed that the reduction of the entrance fees would not make the Thailand tourism get more tourists only benefit for the tour operators, since after I read this article, I wonder why the department has to cut down the entrance fee since there is no benefit for majority.

Anyway, people say that this reduction will not last for long since the high rate for foreigners can keep the Thailand tourism stays alive and makes profit.

I been renting my houses in Thailand for a while now and I am pretty sick of it. In the USA they have just started with something called buy to let mortgages.

You can rent and pay of the mortgage in the same time and I always wanted to do that. I have enough money to pay my rent every month but I never have money to save up to buy a house or take or even look at Mortgages.

I would not even Compare mortgages if someone would give me a loan like that I would just take it and pay off the dam house. I love the idea and if anybody has a house to let me buy in the same time I rent it let me know.

It will become tougher for foreigner to have companies in Thailand people will start running for the closest Thai lawyer today.

The Foreign Business Act will impact how people in invest in Thailand.
The FBA outlines three lists that define the sectors that are subject to the law. List One, which includes media, land trading and agriculture, is prohibited outright to foreign companies. List Two which includes weapons manufacturing, land transport, mining and handicrafts, is restricted to up to 75% foreign ownership with cabinet approval. Companies in List Three, which deals with services and professional occupations, can be up to 100% foreign-owned with approval from the Commerce Ministry.
The current FBA defines a company as foreign if 50% or more of its shares are held by foreigners. The government draft would expand the definition to include firms where 50% or more of the voting rights are held by foreigners.

Some people think it will have a great impact on the Thai currency and the Thai stock market the next few months will tell us how much. Maybe the new government will change the law over again.