NOVPUB
Chapter 880: Chapter 765 Operation Method (Please Subscribe!)
He talked to Ling for less than half an hour.
Wangsa then left. n𝚘𝚟𝚙𝚞𝚋.𝚌o𝚖
Of course, the matter was not fully discussed.
Because it was impossible to finalize the details in just a few sentences.
Further and deeper communication between the two sides was needed; now, they had only spoken roughly.
This was the first major issue Ling had approached their family to handle. Could Wangsa refuse? Of course not; he even dared not mention difficulties, because in negotiations, mentioning difficulties is negotiating terms.
Wangsa certainly did not dare to negotiate any terms with Ling.
Previously, relying on their friendly relationship,
Ling had already given his family enough benefits.
The money, so much that it exceeded their family’s total assets from before.
Perhaps.
This was the reason Ling took such good care of their family, just waiting for a critical moment to ask for their help. As for whether it was for the bank license, it should not be; Ling would not think so far ahead.
Wangsa shook his head vigorously.
What’s the point of thinking about this? What’s real is to go back and discuss with Father what to do.
Wangsa got into the car.
Quickly returned to his own camp.
He made a phone call to his father.
"A bank license?"
Having listened to his son, Wangsa’s father murmured.
He really could not understand why Ling would do this, knowing that now all trade transactions use Myanmar Bank’s financial channels, which are not subject to any regulation from the Thai side.
Now, opening a bank in Thailand would be subject to the Bank of Thailand’s regulation.
An unnecessary shackle out of nowhere.
What exactly is Ling up to?
What’s the meaning of doing this?
One must know, capital exists for profit, and Ling’s actions show no visible profit points; it seems like a superfluous move, wasting capital, or perhaps for asset transfer. But for transfer, there’s no need for Thai Baht; Ling has plenty of channels.
It doesn’t make sense.
Now, the Wangsa family is faced with two things to help with.
First, to obtain a bank license.
Second, to convince the Bank of Thailand to agree to reserve Asia Dollars.
The former is relatively doable.
The latter is difficult.
"Did you agree to all this?" Wangsa’s father asked again.
Wangsa nodded and said, "Yes, Father, this time Ling is determined. I once tested his determination, and it was very firm. You know, Ling has never failed or given up on what he wants to do. I could only agree; otherwise, I’m afraid I won’t have the face to see him next time."
Wangsa’s father was silent for a moment.
He hummed and said, "You did the right thing. The Myanmar Economic Zone has become the main source of income for our family; the family cannot give up. No matter how difficult, we must help. Did he say how to go about it?"
Having heard his father’s words.
Wangsa breathed a sigh of relief.
It was good that he wasn’t blamed for making decisions on his own.
Wangsa slowly said, "Ling wants us to secure the approval first, to obtain a bank license that allows Myanmar Bank to establish a branch in Thailand and carry out general banking services.
I’m not sure if it’s a lack of funds, but Ling doesn’t want to acquire an existing Thai bank. He wants to have absolute control over a new bank with minimal investment—this was not his words but my analysis.
Afterward, he wants us to act as a go-between, introducing some important people from relevant Thai departments. The rest of the operations regarding currency reserves, he will handle. Therefore, we only need to do two things. First, secure the bank license, and then help with introductions."
"Just introductions?"
Wangsa’s father asked with confusion.
Could it be that Ling wants to bribe them?
Uh, that doesn’t quite match Ling’s image. Ling is always direct and straightforward. If it’s just about introducing people... Maybe he doesn’t want to be too deeply involved? Could there be other reasons behind it?
Amid the confusion,
Wangsa said, "Yes, he mentioned that the first thing was to deal with a series of departments quickly, but the second objective only required the consent of some key individuals; hence, he thought of having us act as a go-between. I believe Deputy Leader Ling’s purpose is to make use of our family’s name, though he didn’t elaborate on the specifics of the persuasion method."
Deputy Leader Ling’s words.
Made sense logically.
But Wangsa’s father always felt there was something odd about it.
"Understood, the family will handle this. I’ll have someone prepare, and tomorrow someone from the family will come to have a detailed discussion with you. Then you can take him to meet with Deputy Leader Ling, as we need to cooperate on this," Wangsa’s father decided.
"Yes, Father."
After hanging up the phone,
Wangsa lay back in his chair.
It seemed like there was nothing more for him to do.
But he was happy for the leisure.
On the other hand,
His family’s think tank started to get busy. It was their first time dealing with such a matter, and it involved coordinating with too many departments. After all, the issuing of banking licenses in Thailand was extremely strict.
Without the backing of someone with immense influence,
Don’t even think about it.
Even for Wangsa’s family to pull strings was no simple matter.
There were many efforts yet to be made, and this didn’t only involve the Bank of Thailand; they also had to speak with many people in the Thai government. Without the signature of the number one person in Thailand, just passing the individual departmental reviews wouldn’t even allow them to go through the Bank of Thailand’s general process.
...
The next day,
A team from Bangkok arrived where Wangsa was.
After discussing for a while,
Wangsa took them to meet Deputy Leader Ling.
Soon,
The negotiations reached a critical point.
"Deputy Leader Ling, the current issue mainly lies in the review of the necessity for issuing the bank license. This review is the strictest and most important. Every bank that wants to open a branch in Thailand must have a compelling reason for existence and is subject to cautious scrutiny.
For foreign banks’ branches, the standards are even stricter. For a bank like Myanmar Bank, there has to be a very strong case to persuade them. Of course, we will do our best to help lobby, but the reasons provided must be ample.
Otherwise, the initial review is the strictest, and it’s possible to fail. Subsequent attempts have a high success rate, but that also wastes time, doesn’t it?" Wangsa’s family butler said respectfully.
To be able to help up to this point,
Was already the full effort of Wangsa’s family.
After all, Wangsa’s family was just a military family in Thailand. They didn’t have absolute power to interfere with the Thai government’s affairs at will. Necessary procedures had to be adequate; otherwise, it would be handing over leverage.
Ling nodded.
"I will provide the materials for the necessity review. If there are any issues caused by insufficient materials, we will take responsibility on our side."
The preparation of these materials could be considered both easy and difficult. It was about solving the "Why should I agree to your bank opening?" issue. If it couldn’t serve any positive social or economic purpose, then you weren’t allowed to open.
"That’s good. There’s another issue, regarding the Myanmar side of things. Previously, bilateral settlements were mainly in Asia Dollars, with a limited use of Myanmar Kyat and other countries’ currencies. However, in future trade, the Bank of Thailand will definitely use the Myanmar Kyat as the exchange benchmark. As a result, the Myanmar Central Bank must open another settlement account for the Bank of Thailand; this issue..."
The butler looked at Ling,
Meaning just one thing.
Without the consent of the Myanmar Central Bank,
This matter would not be feasible.
Direct settlement in Asia Dollars
Was simply not possible.
Even with the greatest reason, the Bank of Thailand would not agree to use the currency of another country’s region as the settlement currency without the consent of the Myanmar Central Bank and the Myanmar Government. However, the butler believed that Ling had already prepared for this.
"I will resolve this issue," Ling immediately promised.
"That’s good; there’s nothing else problematic then. It has been an honor to serve you this time, and thank you for your longstanding support of our family," the butler said with a broad smile, being the family butler and one of their elders.
He had the right to say these words.
"Mutual benefits have drawn us together. It’s all down to fate," Ling said with a light smile.
