Bro, are you still around Bangkok ? In this November, there is a Golden mount temple fair which is held only 10 days each year (on 8-17 Nov) it is a temple fair which has street food, rides, fairground game and the highlight is climbing to the top of the golden mountain to view Bangkok at night. Don’t miss it.
These are interesting stories you might like to know. Apart from King Power with Leicester City or the former Thai Prime Minister buying Manchester City and later selling it, during the Asian economic crisis in 1998, Thailand was at the heart of that crisis and was hit the hardest. It went from being a rising star country to sinking down, while Malaysia, with a similar starting point, managed to navigate the crisis, and their GDP per capita has remained double that of Thailand until today. Meanwhile, Korea and Taiwan progressed to developed countries, while Thailand still struggles. However, this doesn't mean everyone is poor. The middle class is growing, and even the poorest aren't necessarily starving-they just can't keep up with the others. This has created a large gap between the rich and poor, though the government has provided social benefits to help ease the situation. Perhaps this is one of the reasons why crime is lower: Thai people are more likely to scam than steal that consider being very low those who do stealing here are from neighboring countries. After the crisis, the Thai baht was devalued by over 50%. A British company bought a Thai supermarket chain called Lotus, which originally belonged to a Thai company named CP. They renamed it Tesco Lotus. Since foreign companies can’t own 100% of a business in Thailand, they needed a local partner or nominee shell company. Twenty years later, CP bought back Tesco Lotus and rebranded it as Lotus again, similar to how Tesco in Malaysia was rebranded to Lotus as well, since it is now owned by CP Another case is Central Group, which has excelled in the mall business in Thailand. However, since other Thai companies are also strong in this sector, they decided to expand abroad. Recently, they acquired several malls in Europe, including Selfridges, which you might recognize since you’re from the UK. Iconsiam, a large shopping complex in Bangkok, doesn’t belong to Central Group but to a rival company that is a joint venture with a CP subsidiary-the same CP that owns Lotus and Makro in Thailand. I think malls are good at what they do. Their business model is based on renting out space and collecting money from tenants, so their responsibility is to attract people. They constantly organize events to draw crowds and must keep things fresh to retain attention. If they don’t, new malls will steal their clients and it happen to old department store here in Thailand they died because of cant keep up with the big company. In fact, new malls are opening every year. This year, ONE Bangkok opened just a few weeks ago, and in a few years the largest mall in Bangkok name the Bangkok Mall will be open thats would rank world second largest, catering to both locals and tourists. There's still plenty of room for more development ……. Until next crisis lets hope not.
Appreciate the knowledge, sir. Whereabouts are you based currently, if you dont mind me asking? You sound like the perfect candidate for an interview and some local knowledge on the channel. Thanks for taking the time to comment. Be sure to drop me a sub 🙏🏻
You have Westfield is the biggest mall in London but Thailand’s malls are by far better than UK.Bangkok mall is massive with lot of varieties of foods.
Yes, I used to frequent Stratford Westfield quite regularly in the UK. Never quite found the same love that I have for the malls here back there, though. Thanks for taking the time to comment. Be sure to drop me a sub 🙏🏻
20:05 😂😂 my bad, you were saying. "Hunting for some sock" I thought you were wondering what those thing are that hanging like some sock, when you pointing at the entrance of the condo.😅😅
@@zooman1036 Oh, you confused me for a moment there, but no worries. my friend and I were actually looking to purchase some socks at the time lol. he had a blister
I went to London to get my passport last Tuesday. London is a dirty old country with lots of dust and rubbish and I walk around feeling very suspicious and the people are not British, most are from Poland, Romania, Pakistan etc. I live in Jersey, it is very different to London and I am lucky not to live in London and because London is not the same. I have been in England for 21 years, a long time.
People seem so friendly
Thailand is the land of smiles, and it definitely lives up to its name
Bro, are you still around Bangkok ? In this November, there is a Golden mount temple fair which is held only 10 days each year (on 8-17 Nov) it is a temple fair which has street food, rides, fairground game and the highlight is climbing to the top of the golden mountain to view Bangkok at night. Don’t miss it.
Nice tour keep up the good work and welcome to Thailand
Thankyou very much, Sawasdee Krab
These are interesting stories you might like to know. Apart from King Power with Leicester City or the former Thai Prime Minister buying Manchester City and later selling it, during the Asian economic crisis in 1998, Thailand was at the heart of that crisis and was hit the hardest. It went from being a rising star country to sinking down, while Malaysia, with a similar starting point, managed to navigate the crisis, and their GDP per capita has remained double that of Thailand until today. Meanwhile, Korea and Taiwan progressed to developed countries, while Thailand still struggles. However, this doesn't mean everyone is poor. The middle class is growing, and even the poorest aren't necessarily starving-they just can't keep up with the others. This has created a large gap between the rich and poor, though the government has provided social benefits to help ease the situation. Perhaps this is one of the reasons why crime is lower: Thai people are more likely to scam than steal that consider being very low those who do stealing here are from neighboring countries.
After the crisis, the Thai baht was devalued by over 50%. A British company bought a Thai supermarket chain called Lotus, which originally belonged to a Thai company named CP. They renamed it Tesco Lotus. Since foreign companies can’t own 100% of a business in Thailand, they needed a local partner or nominee shell company. Twenty years later, CP bought back Tesco Lotus and rebranded it as Lotus again, similar to how Tesco in Malaysia was rebranded to Lotus as well, since it is now owned by CP
Another case is Central Group, which has excelled in the mall business in Thailand. However, since other Thai companies are also strong in this sector, they decided to expand abroad. Recently, they acquired several malls in Europe, including Selfridges, which you might recognize since you’re from the UK. Iconsiam, a large shopping complex in Bangkok, doesn’t belong to Central Group but to a rival company that is a joint venture with a CP subsidiary-the same CP that owns Lotus and Makro in Thailand.
I think malls are good at what they do. Their business model is based on renting out space and collecting money from tenants, so their responsibility is to attract people. They constantly organize events to draw crowds and must keep things fresh to retain attention. If they don’t, new malls will steal their clients and it happen to old department store here in Thailand they died because of cant keep up with the big company. In fact, new malls are opening every year. This year, ONE Bangkok opened just a few weeks ago, and in a few years the largest mall in Bangkok name the Bangkok Mall will be open thats would rank world second largest, catering to both locals and tourists. There's still plenty of room for more development ……. Until next crisis lets hope not.
Appreciate the knowledge, sir. Whereabouts are you based currently, if you dont mind me asking? You sound like the perfect candidate for an interview and some local knowledge on the channel. Thanks for taking the time to comment. Be sure to drop me a sub 🙏🏻
You have Westfield is the biggest mall in London but Thailand’s malls are by far better than UK.Bangkok mall is massive with lot of varieties of foods.
Yes, I used to frequent Stratford Westfield quite regularly in the UK. Never quite found the same love that I have for the malls here back there, though. Thanks for taking the time to comment. Be sure to drop me a sub 🙏🏻
Good accent English you are.
Proper English mate 👊🏼
❤❤❤❤❤❤🇹🇭🇹🇭🇹🇭🇹🇭
Glad you enjoyed it. Thanks for taking the time to comment. Be sure to drop me a sub 🙏🏻
Those big socks that you see, are the pillar that frail around when they turn on the fan. Usually place in front of condo that still sell.
Which socks are we talking about here mate?
20:05 😂😂 my bad, you were saying. "Hunting for some sock" I thought you were wondering what those thing are that hanging like some sock, when you pointing at the entrance of the condo.😅😅
@@zooman1036 Oh, you confused me for a moment there, but no worries. my friend and I were actually looking to purchase some socks at the time lol. he had a blister
I went to London to get my passport last Tuesday. London is a dirty old country with lots of dust and rubbish and I walk around feeling very suspicious and the people are not British, most are from Poland, Romania, Pakistan etc. I live in Jersey, it is very different to London and I am lucky not to live in London and because London is not the same. I have been in England for 21 years, a long time.