Thursday, August 27, 2015

What I did when the Market tanked

Looking at the title, this is obviously a trap to lure people to read things that has nothing to do with the title at all, So don't say I didn't warn you lol

I was away from Singapore during the worst two days in Singapore's stock market history. As the world's stock market went tumbling down, I was sitting on a bed waiting for breakfast to be served. Do you ever have a feeling that the market always crashes when you're not around? It's like there's someone out there who just knew when to screw up the market when you're away on a holiday. Anyway, where did I go? I went Bangkok.

I always go to Fuji restaurant in Bangkok for my Japanese food fix. I'm pleasantly surprised to see them opening up multiple branches. The sashmi there is to die for, especially with the low price. 

This was less than a week since a bomb went off near the Erawan shrine (the four-face buddha), so of course, it's with a little trepidation that I leave the safety of Singapore. This trip was full of incidents that, if I'm more superstitious, I'll have totally abandoned it. Here's a list of problems:

1. The bombing incident at Bangkok, which occurred less than 1 week before the schedule departure. It's like some godly power telling me to abandon the trip.

2. Unable to change, or postpone the trip, because of work and some un-claimable clause from travel insurance

3. During the check in of the flight at Changi airport, it was discovered that my name isn't on the list despite having a printed confirmation slip from Scoot. It was with a lot of phone calls back and fro to some call centre at Philippines that another flight scheduled 4 hours later can be arranged. Half the day is gone by then.

4. After confirmation of the flight, it came to my knowledge that the hotel is not confirmed. So, this is the first time that I'm going overseas without confirmation of a place to stay.

5. Everything is settled once Bangkok is reached. But on our return flight, we realised that the baggage limit is reached. Why? Because the travel agency didn't include include it in, and we ended up having to pay another sum to settle the issue.

6. And the whole trip have to be marred by another flight delay by about 1h 30 min.

I seldom go on holidays, but when I do, I've the luck to experience all the cock ups known to frequent travellers, haha! Still, it was an experience to have it and perhaps some lessons to learn from all these 'mis-adventures' too. It makes me wonder why get any insurance in the first place lol! Thankfully, the insurance that I bought has this ubiquitous SG50 discount, so I'm paying $26 for two.

These glistering little packets of carbs with the golden sweet Thai mangoes,  poured with the slightly salty and warm coconut milk, is such a treat that I ate it everyday while in Bangkok

How is Bangkok like? I've not been there for a long while..perhaps by at least 5 years? I think the Bangkok now is more cosmopolitan. On the basic level, there really isn't anything different from Singapore. There's a lot more tourist, especially middle eastern ones, who are all clad in black with the women entirely covered except for their eyes. They are looked upon by the locals with a little bit of curiosity mixed with caution, especially in light of the nationality and ethnicity of the bomber in the recent incident near Erawan shrine.

This should cost about 60+SGD? Here's a very decent meal for 2 cost about 50+ SGD, including all the sashmi you ever wanted to try in Singapore but is deterred by the pricing. 

The locals are full of shiny examples from K pop celebrities, with their straight Korean brows, whitened skin and dyed curly hairdo. Almost every female I come across, which is about 9 in 10, all fully clad with make up. From the socialites dining in atas places near Central and Paragon area, to the cleaners and servers who work in the food court, almost all the females wore makeup. On more than one occasion, I saw the shopkeepers finding some reflective surfaces near their shop fronts and applying their mascara and lipstick. It seems clear that the South Korean wave had also hit this place, and pretty hard too. This is an interesting phenomenon to observe as an outsider.

One of the most glaring observations, other than the heavily made up female local population, is that there is apparently no people older than say 50 years old in Bangkok. If you see someone around that age in Bangkok, I can bet you my last Thai baht that they are tourist. Food courts (yes, they have that concept too, likely imported from Singapore since I saw Food Republic there as well) are also served by staff and cleaners no older than 40. It makes me think about the kind of people whom we hired back in Singapore. Where did the elderly folks in Bangkok go to? Why are the elderly folks in Singapore still working at their age? Again, the stark contrast in the age of the workers is something to take away from this trip.

I love MBK. It's a blast from the past with all these old tech gadgets. Going there is like going back to the 90s in Sim Lim Square, complete with counters filled with pirated games and DVDs. Look at the macintosh! 

While we are walking around, I wanted to try out some authentic Thai restaurant in the shopping district. After searching for a few hours, we came to the realisation that there is no authentic thai food. I mean, if a tourist comes up to me in Singapore and ask me where to find a restaurant that serves authentic Singaporean food, I'll be hard pressed to say which one. Likely I'll recommend hawker food, but again, what food best represents an authentic Singaporean food experience? This is a difficult question to ask, and a deeply ideological one at that. Our identity is often tied up with food, and perhaps Singapore is just like that - a rojak of different cultures all mixed together, with a spicy but unifying sauce of wanting to do better than the countries we came from.

Bangkok serves a lot more international food than its own food. Any type of cuisine that you crave for, you can probably find them there. But just like Singapore, there's an overwhelming bloom of Japanese and Korean food. Everywhere I go, I see Japanese food culture influence - Harajuku's ice cream crepe, thick pork broth ramen, Sushi bars and omu rice. I don't like Korean fare, and don't care to try any of it but I see Korean hotpot and buffet sprouting every corner. Will it take over their local cuisines? I think yes, eventually, though I hope not. I really love my tom yum and mango rice. Anyway, everyone should try the Japanese food in a proper restaurant there. The prices there are really value for money and we feasted on sashimi like a mad Robinson Crusoe on rampage.

I went there exactly a week after the bombing incident. There's a lot of people filming there. I can see at least 3 groups of filming going on there, with a lot more tourist using their cameras and recorders. Wife said one of the faces got chipped off, but I was too concerned about hurrying through that place to really notice.

On a side note, you can see that security is stepped up tremendously. Every junction and every entrance and exit of shopping malls are fitted with a guard and a metal detector. You have to open your bag every single time you enter. Army and police officers dotted the streets and malls, and the general feeling of safety is there. But for those who had been on guard duty, you know how safe these acts are. You can't check everything but it does bring a certain level of safety psychologically. Maybe that's all that matters. I still went to Erawan shrine, on the strong request of my wife, and prayed that everything goes well in our family and friends. Will go back to return our wishes and make more offerings of flowers and incense again, we promised.


Turtle Investor said...

Now finance blog become travel blog? Heh. Anyway great to see you had a decent trip despite all the screw ups. Enjoyed reading your post. It was a refreshing read amongst the flood of posts with the market crash theme!

la papillion said...

Hi TI,

Haha, I never fashion myself as a finance blog :) It's all about my life ;) Glad you like the post :)

Sillyinvestor said...

LP, you should write where was I when the market tanks

How was Bangkok, was it any different under Junta and after the bombing?

I booked the Dec cruise, I used to not like to spend money on overseas trip, but this time I am looking forward to it!

Singapore Man of Leisure said...


The beauty of life experiences - pleasant or awful - is that NOW we know!

If we have never tasted mango before, there's no way to know from listening and reading other people's experiences with mangoes.

Well, next time you travel, you'll know what to check and verify!

And just when you think you have all the bases covered, something else will crop up!

How terribly boring life would be if there were no surprises!!!

la papillion said...

Hi SI,

Oh, Bangkok was a little more peppered with army officers and police. And a lot more security checks at every entrance to the shopping malls. Other than that, the rest of the people are nonchalant about the things. I guess life still have to go on.

Why the sudden change in your overseas trip? What triggered it? Just curious :)

la papillion said...


Agree! Good or bad, every experience can still be a good one :) If everything goes smoothly, I might not remember this trip 10 yrs later! Now we have good grandfather story to tell future generations LOL

Sillyinvestor said...


Hmm... Not sure lei? Good questions. I am
Feeling pretty worn, but I dun want a long trip. When my wife family going to China for a long holiday, I told my wife that with my mum condition, it might be not a good idea to be away for more than a week. She didn't say anything, but seem sianz at the fair, so I offered cruise and she think and said anything ...

I like to getaway...

la papillion said...

Hi SI,

Ah, I see. I think maybe you have care taker's fatigue. Need to take a break from all these to regain mental strength :)

Sillyinvestor said...

Hi LP,

No la, she is getting better, so I am getting less loaded with caregiving ... It's me... Weaker lol

Rolf Suey said...


I love Thailand and Bali. People are simple and friendly although maybe because they wanna earn Ur money.
But at least it's only money, they not gonna take ur life or harm us.

U were at the most dangerous place for this time. Maybe pple says most dangerous place is safest place.

U have a braveheart to be there... braver than those who withstand the stocks plunge...


Nice pic, I kinda miss Bangkok but I m gg to Taiwan instead in my next trip in Oct.

la papillion said...

Hi SI,

Nah, fatigue accumulates over time so it's not because you're weak, it's because you're drained! Still, I think we have to take care of the people around us too. Suck it up loh, treat it as a challenge and not an obstacle. Treat it as a chance to grow bigger than the problems. It's the only sane and happy way to live :)

la papillion said...

Hi Rolf,

Haha, it's not the first time that it happened to me on my way to Thailand. The other time was years ago, where I lost my airplane ticket, dropped my buddha amulet that I wore at that time and saw some plane crashing on the tv while waiting to check in. I asked my then gf if we're still going. She said yes, and so we held hands while the plane took off.

Years later, it's still the same situation. Shit happens, and I asked my then gf but now wife, whether we're still going. She said yes, so we held hands while the plane took off.

It's all these little trials and tribulations that will carve itself deeply into our shared memories. Years later, we can all look back and discuss how stupid it was to do this and that, but till then, we'll try to live each day to our best and not be fearful of tomorrow.

I still miss Bangkok lol :) You have a good trip!

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Unknown said...

Would love to visit that amazing place.
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Unknown said...

I like food specially Thailand. it's so yummy.
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