Pattaya Daily News

06 February 2010 :: 10:02:09 am 12457

Pattaya Hosts 10th “Money Expo 2010”

The Royal Cliff “PEACH” Convention Centre was an ideal venue for what is one of S.E. Asian region’s biggest financial exhibitions so far this year. Not only banks, but all sorts of financial institutions were present to present their services to both big investors and ordinary working people.
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Pattaya, the 8th of February 2010 [Pattaya Daily News]: The 10th “Money Expo 2010” opening Ceremony was very impressive and started with some entertainment by magicians, such as “Mr. Tuxedo,” who seemed to produce dollar bills out of thin air. The followed speeches by Pattaya City Mayor Khun Itthiphol Khunplome, the Chonburi Provincial Governor plus Thailand’s Minister for Finance, who had traveled down from Bangkok, especially for the opening ceremony.

 

Not only were there hundreds of people at the opening ceremony, but the whole venue of exhibitions was crammed with hundreds of more people, who showed a keen interest in anything financial. Banks were at the for front of this “2010 Money Expo,” but were strongly supported by all types of finance & loan institutions, plus al types of business organizations, that deal with fund transfers. Also included were some sure but steady investment growth industries, such as “Asia Forestry” who specialize in producing highly prized “Oudh Oil” from the relatively rare Agar tree.

You may imagine that this was just promotional packages aimed at wealthy investors, but no, – the 10th “Money Expo 2010” was also orientated towards the ordinary citizens of Thailand. Both large and small stands were packed with young to middle aged working class people, who were eager to seek out the best possible interest terms, especially for loans on “big ticket” items, such as homes or cars.

There were some very interesting variations on taking out loans, with a couple of banks offering loans with no interest charges for the first six months, while another financial institution took over your car as security against a personal loan at a very reasonable charge of 0.38% per month interest monthly. Thailand’s well known Bangkok Bank have come up with a system of minimizing credit card fraud by using a new type of credit card with an embedded electronic chip.

The relatively new Islamic Bank of Thailand was offering the unique alternative of purchasing your new home and allowing payments over a long period, making repayments with only “simple interest” fees. If there was a period of non-payment, the penalty charges were minimal, and not at the crippling “compound interest rate’ penalties. One enterprising finance company had a display of new motorcycles, and again offered very low 0.38% monthly interest charges, for a number of years.

 

It may be said that this 10th “Money Expo” got off to a flying start, because the opening day was jam packed with people, who were definitely not just spectators, but serious seekers of the best financial deals available. This “2010 Money Expo,” at the Royal Cliff “PEACH” Convention Centre will officially draw to a close on the afternoon of Sunday 7th February, so get along there before it closes.

Many of our senior citizens have been highly professional singers & stage performers earlier in their lives, so there was no lack of talent. Both the men and ladies, who were competing for prizes, sang with clear, powerful voices equal to their younger descendants in the community.

Not only this, but we should never forget that our elderly citizens have had many more years of experience dealing with life’s inevitable problems, so there is much to be learned by listening to their advice. Our community has an obligation to respect & care for these elderly citizens, who have given so much in past decades, and still have more to give by offering the younger generation some sound advice on many matters.

Reporter : Harry Green   Photo : Harry Green   Category : Business News

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