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WORLD

Final version of Trans-Pacific trade deal released

Reuters, Published on 21/02/2018

» WELLINGTON/SYDNEY: The final version of a landmark deal aimed at cutting trade barriers in some of the Asia-Pacific's fastest-growing economies was released on Wednesday, signalling the pact was a step closer to reality even without its star member the United States.

THAILAND

Parking rage fracas sparks flea market talks

News, Supoj Wancharoen, Published on 21/02/2018

» Police in Prawet are to call a meeting with district officers and the operators of four local flea markets this week to discuss parking issues after video clips showing two women attacking a pickup truck parked across the entrance to their house went viral.

BUSINESS

SEC takes Polaris bosses to civil court

Business, Pathom Sangwongwanich, Published on 21/02/2018

» The Securities and Exchange Commission (SEC) has proceeded with civil litigation against two executives of Polaris Capital Plc (POLAR) on the grounds of information concealment and the company halting business operations.

BUSINESS

1.6 Development looks to lay luxury cornerstone

Business, Published on 21/02/2018

» Tanyatip Chearavanont is betting her eight-month-old real estate firm, 1.6 Development, can take on the country's large players in the ultra-luxury sector as it launches a 5.5-billion-baht mixed-use project at the entrance of Soi Thong Lor in 2021.

LEARNING

Householder rage

Gregory Morrissey, Published on 20/02/2018

» Two women who used an axe and metal rod to smash up a parked pickup truck that was blocking their driveway in Prawet district of Bangkok are facing charges of property damage and intimidating the owner.

THAILAND

Women took axe to truck blocking their driveway

Online Reporters, Published on 20/02/2018

» Two women who used an axe and a metal pole to attack a parked pickup truck that was blocking their driveway in Prawet district of Bangkok are facing charges of property damage and intimidating the owner-driver.

BUSINESS

Expedia predicts AI will transform hotel segment

Business, Published on 20/02/2018

» Simply keeping up with the digital expectations of today’s tech-savvy consumers is no longer an option for the Thai and global travel industry, says Expedia Group.

BUSINESS

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.

BUSINESS

FPO declares landlords can lock in windfall tax exemption

Business, Wichit Chantanusornsiri, Published on 20/02/2018

» Landlords who lock in bumper profits from selling land near transport infrastructure projects can be exempt from the land windfall tax if they buy and sell the same plot during the same four-year implementation period of the Treasury Department’s land appraisal prices, says a tax expert at the Fiscal Policy Office (FPO).

THAILAND

Ex-police chief raps terror charge

News, Taam Yingcharoen, Published on 20/02/2018

» Former police chief and senator Pratin Santiprabhob yesterday denied terrorism charges pressed against him, calling them “silly and lacking substance”.