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  • BUSINESS

    Making room for Airbnb

    Spectrum, Published on 18/09/2016

    » In July, the Phuket Provincial Land Office sent a notice to all 234 registered condominium projects in the province, totalling more than 26,000 units. It said that daily renting by condominium owners was a violation of the Hotel Act of 2004, and also caused a public nuisance, affecting tourist safety and possibly leading to loss of life and property. The penalty for such a criminal offence is up to one year in jail or a fine of 20,000 baht.

  • BUSINESS

    Samsung says sold off shares in four tech firms

    AFP, Published on 18/09/2016

    » SEOUL - Samsung Electronics said Sunday it had sold shares it held in four technology companies including US chipmaker Rambus and Japan's Sharp to free up money and focus on its main business.

  • BUSINESS

    Market rebound since Brexit may not reflect risks: BIS

    AFP, Published on 18/09/2016

    » ZURICH - Financial markets recovered far more rapidly than expected following Britain's vote to leave the EU, the Bank of International Settlements said Sunday, warning that the rally might be ignoring significant risks ahead.

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