
Integrity Legal
- Legal Blog
- Integrity Legal Home
- Thai Visa
- Company in Thailand
- Real Estate Thailand
- US Visa
- Contact Us
Posts Tagged ‘Thailand’
20th June 2011
It recently came to this blogger’s attention that it appears Malaysia (a member nation of the Association of Southeast Asian Nations, ASEAN) will not be hosting other ASEAN nations at the Langkawi International Dialogue (LID). To provide further insight it may be best to quote directly from an article written by M. Saraswathi and posted on the website Bernama.com:
KUALA LUMPUR, June 19 (Bernama) — There are no plans to include Asean nations in the Langkawi International Dialogue (LID) as it will be too big to manage, Prime Minister Datuk Seri Najib Tun Razak said today. Malaysia would maintain the present dialogue format between the African and Caribbean countries, he said. “No. We don’t want too many countries to be involved. We will maintain the present format of African and Caribbean countries,” he said when asked if Malaysia intends to include Asean countries in LID at a press conference here today. This year’s dialogue is being attended by African leaders such as Zimbabwe’s President Robert Mugabe, Prime Minister Pakalitha Bethuel Mosisili of Lesotho, Swaziland Prime Minister Barnabas Sibusiso, Ugandan Vice-President Edward Sekandi and Kenyan Vice-President Stephen Kalonzo…
The administration of this web log strongly encourages readers to click upon the appropriate hyperlinks noted above to learn more from this insightful article.
In this blogger’s opinion, one of the positive aspects of the ASEAN community, for the membership, is a sort of general flexibility. It could be inferred from the quotation above that Malaysia has a strong trade relationship with certain countries in Africa and the Caribbean. Such relationships make the Malaysian economy rather unique compared to her other counterparts in the ASEAN community. This uniqueness would seem to create various levels of comparative advantage for the Malaysian economy. Concurrently, the other jurisdictions of ASEAN (Brunei Darussalam, Cambodia, Indonesia, Laos, Myanmar, Philippines, Singapore, Thailand, and Vietnam) are able to receive a kind of refractive benefit from Malaysia’s strong trade relations in Africa and the Caribbean since ASEAN nations are able to streamline their direct trading with Malaysia herself. How ASEAN will evolve in the future remains to be seen, but it is clear that ASEAN is quite unique amongst the various regional organizations around the globe. Hopefully, this uniqueness will result in tangible benefits for the citizenry of the various ASEAN countries and for ASEAN’s trading partners as well.
On a related note, China was in the news recently as it is being reported that China is expanding her foreign reserves into non-dollar denominated assets. To shed further light upon these developments it may be best to quote directly from an article written by Jamil Anderlini and Tracy Alloway and posted to the Financial Times website, FT.com:
China began diversifying away from the US dollar in earnest in the first four months of this year, most likely by buying far more European government debt than US dollar assets, according to estimates from Standard Chartered Bank. China’s foreign exchange reserves expanded by around $200bn in the first four months of the year, with three-quarters of the new inflow invested abroad in non-US dollar assets, the bank estimated. “It certainly appears that China’s finally following through on its policy to diversify its foreign reserve holdings away from the US dollar,” said Stephen Green, the bank’s chief China economist.
This blogger asks readers to click upon the relevant hyperlinks above to find out further details. Frequent readers of this web log may recall that the United States and China are apparently cooperating with regard to ASEAN engagement, but this news came amidst announcements that China had divested rather sizable holdings in US Treasuries. As China continues to show further economic dominance on the global stage it will likely prove interesting to see how this nation invests her financial resources. Hopefully as China and ASEAN continue their economic growth it will accrue to the benefit of all concerned.
For information related to immigration from Asia please see: K1 Visa Thailand or Legal.
7th June 2011
It recently came to this blogger’s attention that the value of trade between China and the Association of Southeast Asian Nations (ASEAN) is expected to increase significantly in the coming months and years. In order to provide further insight into this issue it may be best to quote directly from a recent article posted on the website English.cri.cn:
Trade value between China and ASEAN nations is expected to top 300 billion U.S. dollars this year as the Free Trade Area (FTA) continues to offer boosts, said Xu Ningning, the executive secretary general of China-ASEAN Business Council. The FTA, which started operation since the beginning of last year, has boosted economic exchanges between China and the ASEAN (Association of Southeast Asian Nations) member states, Xu said Sunday at a forum in Kunming, capital of Yunnan Province. The estimated amount will be higher than the 292.8 billion U.S. dollars registered between the two sides in 2010, up 37.5 percent from a year earlier. Customs data showed that in the first four months of this year, trade value between China and ASEAN nations rose 26.5 percent year-on-year to 110.2 billion U.S. dollars…
The administration of this web log strongly encourages readers to click upon the relevant hyperlinks noted above to learn more.
The ASEAN community includes the following jurisdictions: Brunei, Indonesia, Malaysia, Philippines, Singapore, the Kingdom of Thailand, Vietnam, Laos, and the Kingdom of Cambodia. Many feel that these jurisdictions have a great deal of potential for economic growth in the future. Meanwhile, as can be gathered from the quotation above, China remains a vibrant economic actor which has been engaging the ASEAN economies. In previous postings on this blog it was noted that the United States of America and China are committed to cooperation in ASEAN engagement. Concurrently, China appears poised to create a rail link between Thailand and Greater China while a billion dollar Chinese trade complex is to be erected in Bangkok. In that vein, the Prime Minister of Malaysia was recently noted for discussing ASEAN relations with both China and India. To quote directly from the official website of Business Standard, Business-Standard.com:
After a speech calling for the establishment of a new multilateralism where nations, especially Asia, would not have to take sides between the United States and China, Malaysian Prime Minister Najib Razak has said the 10-member Association of Southeast Asian Nations (Asean) would not need to choose between India and China. “Asean is located between two great civilisations, China and India. Both these countries, as part of the Asean architecture, the Asean +3 and the East Asia Summit, are quite happy to accept Asean as the centrality in the whole process,” Najib said in reply to a question at the opening of the International Institute for Strategic Studies Asian Security Summit: The Shangri La Dialogue. “Both these two countries want to engage constructively with Asean and (are) looking at ways and means of increasing their trade, investment and other forms of exchanges with the Asean countries. In short, I am quite optimistic we can develop a meaningful and constructive relationship with India and China,” he added…
In a geopolitical sense, the Association of Southeast Asian Nations (ASEAN) is positioned so as to enjoy trade benefits with both India and China, two of the world’s economies which are expected to show tremendous economic growth in the coming days, months, and years. This observation is made at a time when an inauguration of the Cambodian Securities Exchange is expected. To quote directly from the official website of Xinhua, Xinhuanet.com:
PHNOM PENH, May 30 (Xinhua) — Cambodia is scheduled to inaugurate the long-awaited Cambodia Securities Exchange (CSX) on July 11, according to the statement of the finance ministry released to the media on Monday. And the first securities trading will begin towards the end of 2011, added the statement dated on May 26…
The administration of this web log strongly encourages readers to click upon the hyperlinks above to read this article in detail. This blogger must point out that, although noted in the aforementioned article, it would seem that actual trading on the Cambodian Stock Exchange is apparently not expected to commence upon the exchange’s inauguration. To further elucidate this point it may be best to quote directly from the official website of the Reuters News Service, Reuters.com:
May 30 (Reuters) – Trading on Cambodia’s long-awaited stock exchange, which was scheduled to start in July, has been delayed yet again until the end of the year because companies planning listings need more time to comply with regulations, operators said on Monday. Ek Sonn Chan, director general of state-owned Phnom Penh Water Supply Authority (PPWSA), said there were many details still to be ironed out but his company was going ahead with plans for a $20 million flotation…
The administration of this web log asks readers to click upon the hyperlinks above to read this story in further detail as it may provide further perspective upon these developments.
Clearly, there appear to be some bumps in the road toward getting this exchange operational. As with many things in Southeast Asia, it often takes a significant amount of time to undertake a substantial project such as the opening of a stock exchange. Interested parties are encouraged to conduct research into this issue until such time as the exchange’s trading operation is confirmed.
For related information please see: Legal.
2nd June 2011
It recently came to this blogger’s attention that the German Chancellor, Angela Merkel, has expressed some concern about the possibility of the Union of Myanmar (also sometimes colloquially referred to as Burma) becoming Chair of the Association of Southeast Asian Nations (ASEAN). In order to provide further insight it may be best to quote directly from the website of Channel News Asia, ChannelNewsAsia.com:
SINGAPORE: German Chancellor Angela Merkel on Thursday urged ASEAN to openly discuss Myanmar’s political and human rights problems before the country takes its turn as chair of the regional bloc. “Looking at the discussion about Myanmar and its interest in taking over the presidency of ASEAN, I am a little bit concerned,” she told a forum in Singapore, a founding member of the Association of Southeast Asian Nations (ASEAN). Merkel told an audience of government officials, foreign diplomats and academics that “the present leadership of Myanmar has not really proved that they are serious about embarking on the road of democracy…”
The administration of this web log strongly encourages readers to click upon the relevant hyperlinks above to learn more on this topic.
The Union of Myanmar has been in the news a great deal recently as that country recently held elections ushering in something of a new era in Myanmar’s politics although there are some who argue that there has been little real change resulting from the aforementioned elections. That stated, it is this blogger’s personal opinion that any progress under the circumstances would be a good thing. Frequent readers of this blog may note that Myanmar was recently rumored to be pondering the opening of a stock exchange although that has yet to see fruition.
Meanwhile, the United States and China appear poised for cooperation in matters pertaining to ASEAN as a recent article on the Voice of America website pointed out. To quote directly from the aforementioned article:
A top State Department official says that as the United States works to deepen its engagement in Southeast Asia, working closely together with China is a key part of that effort. U.S. Assistant Secretary of State Kurt Campbell says that one of the the most important things that the United States is seeking to do this year, both at the ASEAN regional forum and the East Asia Summit, is show the United States deep commitment to working with China…As the United States works to find common ground with China, the world’s second largest economy and a rising Asia-Pacific military power, Campbell says Washington will be seeking to highlight areas of common pursuit with Beijing and find specific projects the two countries can work with each other in the region…
This blogger encourages readers to click on the hyperlinks noted above to find out more.
It is good to see that American officials are making an effort to become more engaged in the ASEAN region especially with the cooperation of the Chinese since combined efforts could yield significant benefits in the form of better diplomatic and trade relations for all concerned. In a previous posting it was noted that Chinese officials plan to incorporate a high speed rail link into the current rail system employed in the Kingdom of Thailand so that there would be a contiguous rail link between Thailand, Laos, and Greater China. In addition, it was also announced that Bangkok will likely soon see a Chinese Trade Complex which is to be designed to provide a platform for the trade of goods in Thailand. How all of these developments will ultimately play out remains to be seen, but one thing is clear: there is room for optimism in a current analysis of ASEAN developments.
For related information please see: US-Thai Treaty of Amity.
29th May 2011
Water Issues Of Concern In Asia While USCIS Poised For Transformation
Posted by : admin
It recently came to this blogger’s attention that there may be some geopolitical tensions arising in Asia in connection to issues associated with the use of water. To quote directly from a very insightful article apparently written by Santha Oorjitham of the New Straits Times and posted by chellaney on the blog Stagecraft and Statecraft:
[T]he lower Mekong states of Thailand, Cambodia, Laos, and Vietnam have a water treaty. India has water-sharing treaties with both the countries located downstream — Bangladesh and Pakistan. There are also water treaties between India and its two small upstream neighbours, Nepal and Bhutan. But China, the dominant riparian power of Asia, refuses to enter into water-sharing arrangements with any of its neighbours. Yet China enjoys an unrivalled global status as the source of trans-boundary river flows to the largest number of countries, ranging from Vietnam and Afghanistan to Russia and Kazakhstan…
The administration of this web log strongly encourages readers to click upon the relevant hyperlinks above in order to read more from this fascinating article. For readers who are unfamiliar with matters pertaining to Asia, particularly Southern Asia or Southeast Asia, it should be noted that water issues can be extremely important for Asian political actors and policy makers. Issues associated with water can have ramifications upon the economies, political institutions, and business environments in Asia and around the globe. As regional associations such as the Association of Southeast Asian Nations (ASEAN) and nations such as India and China begin to become increasingly important players on the international stage it stands to reason that water issues pertaining to Asia will be considered increasingly important by those seeking news and information about the area.
Meanwhile it also recently came to this blogger’s attention that the United States Citizenship and Immigration Service (USCIS) is taking measures in an effort to transform that agency into a more electronic environment compared to the current primarily paper-based environment in which it now apparently finds itself. To quote directly from a USCIS Executive summary as posted upon the website ILW.com:
U.S. Citizenship and Immigration Services (USCIS or Agency) is undertaking an agency-wide effort to move immigration services from a paper-based model to an electronic environment. This effort is known as USCIS Transformation. Transformation will deliver a simplified, Web-based system for benefit seekers to submit and track their applications. The new system is account-centric and will provide customers with improved service. It will also enhance USCIS’s ability to process cases with greater precision, security, and timeliness. In March 2011, the Office of Transformation Coordination and the Office of Public Engagement hosted a series of listening sessions and webinars with participants representing customers, attorneys and community-based organizations (CBOs). The purpose of these listening sessions was to inform USCIS about the benefits and challenges of moving to an electronic environment…
Those interested in learning further about this transformation from the USCIS Executive Summary are well advised to click upon the relevant hyperlinks above to find out more.
This blogger is personally pleased to see the United States Citizenship and Immigration Service (USCIS), an agency under the jurisdiction of the Department of Homeland Security, taking measures to create a more efficient system for adjudication of immigration and visa related petitions or applications. Frequent readers of this blog may have taken note of the fact that USCIS is the initial adjudicator of petitions for the K-1 visa (US fiance visa) as well as the CR-1 visa (US Marriage Visa) and the IR-1 visa. Hopefully, USCIS’s transformation will result in more streamlined processing of the aforementioned petitions.
For related information please see: US-Thai Treaty of Amity or Consular Processing
17th May 2011
It recently came to this blogger’s attention that Republican Presidential Candidate Representative Ron Paul was recently reported to have noted his support for the idea of the United States Federal Reserve selling its gold reserves. To quote directly from the official website of the New York Sun, NYSun.com:
NEW YORK — The next big question on the federal debt limit could be whether to start selling the government’s holdings of gold at Fort Knox — and at least one presidential contender, Ron Paul, has told The New York Sun he thinks it would be a good move. The question has been ricocheting around the policy circles today. An analyst at the Heritage Foundation, Ron Utt, told the Washington Post that the gold holdings of the government are “just sort of sitting there.” He added: “Given the high price it is now, and the tremendous debt problem we now have, by all means, sell at the peak.”
The administration of this blog asks that readers click on the hyperlinks above to read this story in full as it is very cogently written by David Pietrusza. It should be noted that this issue may have an international complexion as some nations have taken measures of their own regarding gold. To quote further from Mr. Pietrusza’s aforementioned article in the New York Sun:
Mexico has acquired 93.3 tons of gold this year, while Thailand added 9.3 tons to its national reserves this March. Russia added 22.5 tons in January and February.
This information would seem to concur with information that this blogger has come across on the World Wide Web. In fact, to quote directly from the website CommodityOnline.com:
International Monetary Fund (IMF) announced huge gold purchase by Russia, Mexico and Thailand valued nearly $6 billion. The three nations situated on different regions of the globe added to their reserves in February and March as the price of bullion advanced to a record. Mexico has bought nearly 100 metric tons of gold since January while Russia increased its reserves of the metal by 18,8 tons to 811,1 tons in March and Thailand expanded assets by 9,3 tons to 108,9 tons in the same month.
The administration of this web log strongly encourages readers to click upon the hyperlinks noted above to read this article in full and to conduct further research in order to gain insight into this important state of affairs. It should be noted that recently the Head of the International Monetary Fund was arrested in New York City.
Issues surrounding sound money and legal tender reform can be complex and controversial on both the federal and State level. The reader is asked to conduct thorough research on these issues before coming to a conclusion as to one’s own opinion.
For related information please see: Legal.
17th April 2011
Looking Ahead At ASEAN And A New Cold War?
Posted by : admin
This blogger recently read a rather interesting piece about the future of the Association of Southeast Asian Nations (ASEAN). It is becoming increasingly clear that ASEAN will continue to play a key role in the regional politics of Southeast Asia notwithstanding the seemingly ever present role of domestic politics and bi-lateral relationships in all international contexts. To quote directly from a concisely written article by Amitav Acharya, American University, Washington and posted on the website EastAsiaForum.org:
ASEAN’s irrelevance or even death has been predicted several times before. At its birth in 1967, few people thought it would live to see another decade, given that the two previous attempts at regional cooperation in Southeast Asia — the Association of Southeast Asia and the MAPHILINDO (Malaysia, Philippines and Indonesia) concept — ended within a few years after their creation. The Malaysia-Philippines dispute over Sabah in 1969, the aftermath of the US withdrawal from Indochina in 1975, the Vietnamese invasion of Cambodia in 1979, the end of the Cold War in 1991 and the outbreak of the Asian financial crisis in 1997, have all been seen as critical blows to ASEAN. But ASEAN not only survived, it actually grew a bit stronger each time. So there is precedent, and hope, that ASEAN will be around in 2030.
But surviving is not the same as thriving. In 2030, ASEAN might keep plodding on, but will it still be a key player in regional peace, stability and prosperity in Asia? This question is more difficult to answer.
Clearly, the Association of Southeast Asian Nations (ASEAN) has been a steadfast regional organization and seems likely to remain one in the future. It would appear from implications in the above quotation as if there are those who believe that dynamism must be maintained by ASEAN in the future in order to ensure continued prosperity. That stated, deftly maintaining coherent regional policies amidst intra-ASEAN tensions also appears to be of concern:
A second question about ASEAN’s future is what the state of intra-ASEAN relations will be. The ongoing skirmishes on the Thai-Cambodian border do not inspire confidence. Simmering rivalries and mistrust continue to cloud relationships between Singapore and Malaysia, Thailand and Burma, and Malaysia and Thailand. But this is a far cry from the 1960s and 1970s, and there is every reason to hope that these intra-ASEAN conflicts will not doom the organisation. They would need, however, to be managed carefully, especially with the help of existing and new mechanisms that ASEAN is currently seeking to develop.
Meanwhile, it would appear as though looking ahead at all regions of the world the prospects for some nations are not nearly as upbeat as those of ASEAN. It would appear as though tensions are arising in the countries of Saudi Arabia and Iran to the point that some commentators in the United States and on the World Wide Web are dubbing the situation a “New Cold War”. To quote directly from an article written by Bill Spindle and Margaret Coker and posted on the Wall Street Journal‘s official website WSJ.com:
For all the attention the Mideast protests have received, their most notable impact on the region thus far hasn’t been an upswell of democracy. It has been a dramatic spike in tensions between two geopolitical titans, Iran and Saudi Arabia.
This new Middle East cold war comes complete with its own spy-versus-spy intrigues, disinformation campaigns, shadowy proxy forces, supercharged state rhetoric—and very high stakes.
Those reading this blog are highly encouraged to click on the hyperlinks noted above to read further from what may prove to be an important article. Although the political and economic winds of change tend to move about the global geopolitical landscape incrementally there come times where changes can occur quite rapidly and the unfolding situation in the Middle East would appear to be evolving in unprecedented ways. That stated, if two poles of regional geopolitical power are indeed coalescing, then that would be an issue of interest for all nations throughout the world since such information can have a substantial impact upon trade, economics, and political matters in an international context. Hopefully, the current turbulence will resolve itself toward the maintenance of peace for all concerned, but such a hope may in the end prove to have been optimistic.
For related information please see: US-Thai Treaty of Amity or US Company Registration.
25th March 2011
Those following this blog or the many other sources of information available on the World Wide Web may have, no doubt, noticed the impact of the recent tragedy in Japan and the unfolding events springing therefrom. The tragic plight of the Japanese people was further highlighted recently by what appears to be a trend among many nations in their refusal to allow imports of foodstuffs from Japan. To quote directly from the website NAMnewsnetwork.org:
TOKYO, March 24 (NNN-BSS) — Australia, Canada and Singapore joined a list of countries shunning Japanese food imports Thursday as radioactive steam wafted anew from a disaster-struck nuclear plant, straining nerves in Tokyo.
The grim toll of dead and missing from Japan’s monster quake and tsunami on March 11 topped 25,000, as hundreds of thousands remained huddled in evacuation shelters and fears grew in the megacity of Tokyo over water safety.
The damage to the Fukushima nuclear plant from the tectonic calamity and a series of explosions has stoked global anxiety. The United States and Hong Kong have already restricted Japanese food, and France wants the EU to do the same.
The administration of this blog highly encourage readers to click on the above hyperlinks to read further about the situation in Japan. As the situation becomes more dire in Japan it would appear that even Japan’s key allies are unable to allow importation of possibly dangerous food products. The authorities in the Kingdom of Thailand appear to be taking preventative measures regarding importation of possibly tainted food as well. To quote directly from Bloomberg.com:
Thailand will check all fruit and vegetable imports from Japan’s main island, Honshu, before allowing their sale and will randomly screen other products such as fish, Pipat Yingseri, secretary-general of the Thai Food and Drug Administration, told a media conference today. The country hadn’t found any abnormal contamination since checks started in mid-March, he said.
As Thai, Hong Kong, Chinese, American, Australian, Canadian, and Singaporean authorities place restrictions on food imports, speculation abounds as to the response from other countries in the Asia-Pacific region as well as member States of the Association of Southeast Asian Nations (ASEAN). In discussions regarding the ramifications of the Japanese Crisis it may be best to remember the human elements which are constantly present in all of these regulatory and policy calculations.
As the situation in Japan continues to have global implications it remains to be seen how the various governments and international organizations around the world will react both politically and economically. One thing is clear, the crisis in Japan has the potential to completely reshape the geopolitical situation in Asia from both an economic as well as political perspective. How this change will impact both Thailand and the ASEAN community will be of increasing interest to the administration of this web log.
For related information please see: Legal.
9th March 2011
In turns of events that may have seemed fantastical even 4 years ago, the Anglo-American socio-political, economic, and legal spheres are evolving at a rapid rate with little end in sight. This blogger recently discovered that a group in a county of the United Kingdom has arrested a judge invoking ancient rights granted pursuant to Magna Carta. To quote directly from the WirralGlobe.co.uk:
Protestors have “civilly arrested” a judge at Birkenhead county court…Made up of people from across the UK, the marchers say they are exerting their “ancient right to lawful Rebellion under Magna Carta…”The crowd, although largely peaceful, is chanting “freedom” and “arrest that judge…”
This blogger highly recommends that those so interested click upon the above links to view an in depth report on this interesting state of affairs. This blogger would also suggest clicking on this link to see what appears to be a video documenting these events happening in real time. In any event, the affairs mentioned above are notable in that it is not all the time one sees the British Citizenry engaged in such endeavors. The current propensity toward unconventional tactics and methods in the political and legal spheres is having an impact upon currency in the United States and around the world as the United States, the United Kingdom, China, and the nations comprising the Association of Southeast Asian Nations (ASEAN) are all encountering political pressure resulting from economic forces acting upon these nations. In an effort to gain leverage over an increasingly difficult economic situation the House of Representatives in the sovereign State of Utah has passed legislation which would promote gold and silver as legal tender within the jurisdiction of the State of Utah. To quote directly from the website TalkingPointsMemo.com:
The Utah House of Representatives has approved a bill that allowing gold and silver coins to be used as currency, though unlike similar bills in other states, it doesn’t force anyone to accept gold or silver as legal tender. House Bill 317 was introduced by state Rep. Brad Galvez (R) last week, and passed the House by a vote of 47-26. It will now head to the state Senate for a vote. [sic]
Clearly the political winds of change are blowing across North America, the United Kingdom, and Europe. How events will unfold as the stories above play out are anyone’s guess, but those Americans resident abroad in Asia as well as other expatriates and Citizens of nations such as China, Thailand, Indonesia, India, and the ASEAN member nations are likely watching some of these events unfold with a keen eye as modern history has shown that events occurring in one location can have reverberations of a global magnitude.
For related information please see: Integrity Legal.
7th November 2010
Although this blog rarely discusses economic issues. When economics has an impact upon legal issues or matters pertaining to United States Immigration, then discussion of economic matters may be warranted. In recent months, the United States dollar has depreciated against many of the currencies of Asia, but there has yet to be significant movement in the Chinese Yuan which does not really “float” on the market as other currencies. As a result, economic tensions have increased between the United States of America, the Peoples’ Republic of China, the Kingdom of Thailand, and other Asian nations. Meanwhile, some of the member states of the Association of South East Asian Nations (ASEAN) have seen their currencies rise significantly against the dollar. In a recent editorial posted on ThaiVisa.com, this issue was discussed in detail:
In any event, the dollar can only go south. The greenback slid to its lowest level in almost five months versus the euro. Gold, which represents a hedge against inflationary expectation, has also climbed to a record high on market anticipation that the Fed will flood the financial system with further liquidity to prop up the US economy.
This monetary easing will result in further weakening of the dollar. And as the US government continues to run a massive deficit, the Fed will be obliged to come to the rescue by purchasing the Treasuries that finance the deficit, which is not likely to come down in the foreseeable future due to economic weakness, falling tax revenue and spending obligations that have dramatically increased.
With the US weakness, a sovereign debt crisis in Europe and deflation in Japan, how will Thailand cope with the policy challenge? The first thing that comes to mind is that the baht will continue its upward trend. This is inevitable. The baht could go back to the pre-1997 crisis level of Bt25 to the dollar…
For those unaware, the United States Federal Reserve Bank recently announced that $600 billion in liquidity would be injected into the United States economy over the course of the coming months. As can be gathered from the above quotation, this “quantitative easing” policy is resulting in a depreciation of the dollar compared to Asian currencies (and other global currencies, but the focus of this post will remain on Asia, specifically Thailand). In an article written in The Nation Newspaper and distributed by ThaiVisa.com this issue was discussed in further detail:
When massive capital outflows from the US head towards Asia, much of it is unable to enter China so it floods other emerging markets, especially Asean countries, Korn [Chatikavanij, Finance Minister of the Kingdom of Thailand] said.
“We would like the two economic giants to settle their differences on the exchange-rate issue. I think they understand our predicament,” said Korn…
On the one hand, the US dollar has continued to depreciate, while on the other, China has not allowed the yuan to appreciate. Given the latest US announcement of quantitative easing aimed at stimulating the domestic US economy, several Asian currencies have significantly appreciated against the US dollar, raising concerns about the region’s export competitiveness…
The twin economic giants of China and America have yet to fully reach equilibrium in matters related to currency and trade, but an immediate issue for many Thai Nationals is the relative appreciation of the Thai Baht. There are many who feel that a strong Baht is not in their interests and depending upon circumstances they may be correct. However, the recent currency fluctuations could prove to be a benefit to those Thai nationals interested in seeking American Immigrant Investor visa benefits.
The United States EB-5 visa (Immigrant Investor category) was designed to provide a travel document and lawful permanent residence to otherwise qualified foreign nationals who wish to make a substantial investment in legally eligible investment programs the United States of America. As the Thai baht has appreciated against the United States dollar it has become relatively “cheaper’ (in Baht terms) to meet some of the investment criteria in the United States. Therefore, as the dollar becomes weaker versus the Thai Baht it becomes less expensive, from a Baht standpoint, to invest in the USA. For those wishing to immigrate to the USA, the current Baht/Dollar exchange rate is something of a windfall.
This could be a boon to the United States economy as well since investment in the United States leads to the creation of new jobs. Furthermore, lawful immigration is one of the central components that drives the American economy. As more Thai nationals invest in the United States economy, the stronger that economy becomes thereby naturally fueling a recover in the overall American economy. As the American economy continues to recover, there may be ancillary benefits that accrue to individuals and businesses in the USA and around the globe. Hopefully this scenario will play out over the coming months and help to spur a recovery in the United States economy.
For related information please see: EB-5 Visa Thailand or US Visa Thailand.
22nd May 2010
Visa Unit at US Embassy in Bangkok to Remain Closed Monday May 24th
Posted by : admin
Please be advised that the following was posted upon the official website of the United States Embassy in Bangkok, Thailand:
IMPORTANT ANNOUNCEMENT
U.S. Embassy Visa Services Closed May 24, 2010
Due to continuing security concerns in the area and access issues on Wireless Road, the U.S. Embassy is currently operating under emergency personnel staffing only. The Non-immigrant and Immigrant Visa sections will be closed May 24, 2010. If you have a non-immigrant visa interview appointment scheduled for May 24, 2010, your appointment will be rescheduled. As soon as the U.S. Embassy has determined the situation to be safe for Embassy Consular staff to return to work and for visa applicants to travel to the Embassy for visa appointments, we will advise those impacted through e-mail or phone with details on new appointment dates. Please Note: As a large number of people have been affected by these events, and the volume of appointments that have been scheduled for the upcoming weeks, it will not be possible to consider expedited appointments. We apologize in advance for any inconvenience this has caused.
Frequently Asked Questions
How can I reschedule my appointment?
At present, we must ask applicants with visa appointments scheduled for the period of May 14 through May 24 to wait until the Embassy has determined when that it is safe to conduct visa appointments. All those impacted by this unexpected closure will be notified through the e-mail address or phone number provided during the visa interview appointment process.
I had a visa appointment scheduled during the period of May 14 – May 24. I have urgent travel to the United States, what can I do?
Unfortunately, due to the current security situation, the U.S. Embassy Visa Services is currently closed. We are unable to reschedule any visa appointments for applicants who had appointments made for the period of May 14 – May 24 and will be unable to accommodate expedited appointments. We suggest that you make alternate travel plans.
I had a visa appointment scheduled during the period of May 14 – May 24. Can I reschedule my appointment at another U.S. Embassy in a neighboring country?
Each U.S. Embassy has its own scheduling system and requirements for visa applicants. Fees paid in Thailand for the visa interview cannot be used abroad.
I had a visa appointment scheduled during the period of May 14 – May 24. Can I reschedule my appointment for the U.S. Consulate General in Chiang Mai?
The U.S. Consulate General in Chiang Mai has its own appointment system and you must live within their consular district to schedule an appointment there. Please see http://chiangmai.usconsulate.gov/ for more information.
I had a visa appointment scheduled during the period of May 14 – May 24. Can I make a special request?
Due to the current security situation, the U.S. Embassy Visa Services will be closed for the period of May 14 – May 24. As such, we will be unable to reply to visa inquiries and/or special requests during that period. We sincerely apologize for the inconvenience our disruption of service has caused.
I am an immigrant visa applicant – can I come in for my scheduled appointment, to drop off documents, or to pick up my visa?
If you had/have an immigrant visa appointment for the period of May 14 – May 24, it will be rescheduled. You will be contacted with a new date and time once the Embassy reopens. If you have been told to bring in documents on Mondays or Wednesdays, or to come in to pick up your visa, please do not come in until the Embassy reopens. Please look for announcements on the Embassy website.
The documentation mentioned above is likely referencing 221g refusals or requests for other types of documentation related to the issuance of travel documents such as, but not limited to, the K1 visa, the K3 Visa, or Immigrant visas such as the CR1 Visa and the IR1 Visa.
For further information about American attorney assistance in Immigration matters as well as Consular Processing in Bangkok, Thailand please see: US Embassy Bangkok and/or US Embassy Thailand.
The hiring of a lawyer is an important decision that should not be based solely on advertisement. Before you decide, ask us to send you free written information about our qualifications and experience. The information presented on this site should not be construed to be formal legal advice nor the formation of a lawyer/client relationship.