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THAILAND

Currency management in baht takes a step forward

Spectrum, Andrew Wood, Published on 24/06/2012

» An exciting way has emerged for expats who hold international investments to manage their finances, using Thai baht as the currency of choice. Almost all expats are exposed to different currencies because of their residency status abroad. Many of us use multiple currencies because we travel internationally. We should be most concerned about the currencies that make up our income, assets and expenditures.

THAILAND

Regulator blames GMM Grammy for Euro row

Spectrum, Voranai Vanijaka, Published on 17/06/2012

» The controversy surrounding the broadcasting of Euro 2012 matches has swept politics from front pages and left millions of frustrated fans demanding to know: What happened to my football?

THAILAND

Thailand needs a 'Good Neighbour' policy before aec comes into effect

Spectrum, Published on 17/06/2012

» The integration of the 10 nations with a combined population of more than 600 million under the Asean Economic Community has been attracting increasing attention as 2015 draws closer. That is when the AEC will begin, with the key objectives of establishing Asean as a single market and production base, developing a competitive economic region, and promoting equitable economic development and full integration with the global economy. A single market and production base are necessary for the free flow of goods, investment, capital, skilled labour and services. Thailand will encounter both challenges and opportunities when the AEC comes into effect and all sectors of the economy will be affected, including the property market. To reap the most benefits, Thailand should prepare itself well.

THAILAND

Reaching out to the people languishing in nowhere land

Spectrum, Ezra Kyrill Erker, Published on 10/06/2012

» Fongchan Suksaneh says she was in a "quasi-stateless" situation for 25 years and applied numerous times for citizenship, before finally receiving it following promulgation of the fourth Nationality Act in 2008. "I was told many times, 'We don't need people like you. Go to a different country!' ... I wasn't considered a Thai person even though I couldn't tell the difference myself."

THAILAND

Phuket villa market sailing along brightly

Spectrum, Published on 10/06/2012

» The Phuket residential market is quite unusual compared with most of Thailand in that it continues to rely very heavily on off-plan sales. For that reason, the property supply can decrease when developers cancel projects, either because weak demand did not justify building, or because of changes in economic or financial conditions.

THAILAND

Land reform an unkept promise

Spectrum, Tunya Sukpanich, Published on 03/06/2012

» On June 6, the Supreme Court will decide the fate of three village leaders who are among more than 100 people arrested in 2002 for trespassing on private land in Lamphun's Ban Hong district. The villagers say they were justified in taking over the idle private land for cultivation, as the pledge of successive governments to distribute such land to the poor has not been fulfilled. So far, 35 villagers from Ban Hong, including the three village heads, have gone to court and 23 have been sentenced to jail.

THAILAND

TAXES IN THAILAND XXII: VAT _ part four

Spectrum, Published on 03/06/2012

» We will continue our discussion of the value added tax. Last week, we said that if you have a business that has sales of 1.8 million baht or more per year you have to register and you have to collect and pay the VAT to the government. The rate is 7%.

THAILAND

Danger with every step

Spectrum, Published on 27/05/2012

» Chamroon Pengpit, 45, still vividly remembers the saddest day of his life _ the day he lost his leg.

THAILAND

Khmer Rouge justice a race against time

Spectrum, Luke Hunt, Published on 27/05/2012

» Cambodia's Khmer Rouge tribunal has been dogged by controversy since the first public hearings were held in November 2007, including allegations of corruption, funding issues and disputes over the scope of the tribunals.

THAILAND

TAXES IN THAILAND XXI : VAT Part three

Spectrum, Published on 27/05/2012

» Last week we began a discussion about what what you have to do about the value added tax (VAT) if you own a business in Thailand. We started out by saying that if you have sales of 1.8 million baht per year and you sell a goods or services, you have to collect and pay VAT to the government. The rate is 7%.