Showing 1 - 10 of 211
Breaking the gridlock in project financing
Business, Wirot Poonsuwan, Published on 09/01/2018
» An assignment of all construction and supply contracts is invariably an essential element of the security package required by syndicates of Thai banks for financing large construction projects. These include metropolitan mass-rapid rail transit, toll roads, provincial power plants, industrial facilities in the Eastern Economic Corridor, offshore oil and gas platforms, mixed-use commercial and residential complexes in the capital's central business district, and others.
Double taxation on mortgage release
Business, Published on 20/02/2018
» Most people understand that the discharge of a debt by a creditor, or by someone else for the benefit of a debtor, could result in the debtor having taxable income equivalent to the amount of debt discharged. Likewise, when a buyer undertakes to pay off a seller’s debt in exchange for goods or services, the sum of debt released will be treated as part of the sale revenue received by the seller. On the buyer’s side, the same sum will be treated as acquisition costs for income tax purposes.
Chula cooperative barred from paying dividends
News, Post Reporters, Published on 02/03/2018
» The Chulalongkorn University Saving Cooperative (CUSC) has been barred from paying dividends and refunds, worth 750 million baht, to its members as irregularities were found in the assets of two other cooperatives in which the CUSC had deposited its money.
Court dismisses contentious GL business rehabilitation plan
Business, Nuntawun Polkuamdee, Published on 20/03/2018
» A business rehabilitation plan for Group Lease Plc (GL) filed by J Trust Asia Pte Ltd (JTA) has been dismissed by the Central Bankruptcy Court on grounds that GL is not insolvent and has never defaulted on its debt repayment.
Facebook sarcasm costs creditor B670k loan
Online Reporters, Published on 29/03/2018
» The Supreme Court has voided a 670,000 baht debt in favour of a long defaulting borrower because of a sarcastic message the creditor posted on Facebook.
Krungsri Consumer sees flat personal loan outlook
Business, Oranan Paweewun, Published on 02/04/2018
» Krungsri Consumer, an unsecured-lending unit under Bank of Ayudhya (BAY), expects new personal loan account growth to be flat this year at 300,000 because of the lingering effects of the Bank of Thailand's tightened regulations for those earning less than 30,000 baht a month and termination of the direct sales channel for credit cards and personal loan products.
NCB concerned about delinquent debt
Business, Darana Chudasri, Published on 04/04/2018
» The National Credit Bureau (NCB) has voiced concerns about the upsurge in delinquencies across all consumer borrowing categories by Generation Y, with personal loans the most worrying segment.
CEO says Pace has the means to proceed with 4 luxury projects
Business, Published on 12/04/2018
» Pace Development Corporation Plc looks set to continue construction of four luxury projects worth more than 20 billion baht after securing 14 billion baht from the sale of assets at the country's highest building, MahaNakhon, to duty-free retailer King Power International Group.
GL files criminal case against JTA and 3 people
Business, Pathom Sangwongwanich, Published on 26/04/2018
» Group Lease Plc (GL) has filed a criminal case against J Trust Asia Pte Ltd (JTA) and three individuals on the grounds of jointly submitting a business rehabilitation petition under the pretence that GL's financial condition requires such a plan.
KTC feels pinch of tighter BoT regulations
Business, Somruedi Banchongduang, Published on 09/05/2018
» The Bank of Thailand's tightened personal loan regulations for those earning less than 30,000 baht a month has dealt a blow to Krungthai Card's (KTC) new customer growth.