Government plans to allow longer leases for foreigners

Article Abstract:

Thailand plans to allow foreigners own long-term leases on land in keeping with the government's efforts to reawaken its stagnating property industry while maintaining government ownership, according to Thai Finance Minister Tarrin Nimmanahaeminda. Thailand will expand the capability of foreign banks in the country to offer trade financing to financially-ailing Thai exporters, Nimmanahaeminda added. The newest proposed initiatives come as the country faces more economic pummelling.

Economic Programs, Administration of Economic Programs, Intnl Affairs & Finance, National Security and International Affairs, Planning, Laws, regulations and rules, Economic policy, International economic relations, Leases, Foreign banks

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Police raid two foreign brokeraqge firms in rumor hunt

Article Abstract:

Thai police raids the ABN Amro Hoare Govett Asia Limited and the Capital Nomura Securities PCL over reports of rumor mongering. Police accuses the two foreign brokerage firms of leaking market reports of five Thai banks facing closure by authorities. The rumor allegedly spurs economic upheaval in the country, a criminal offense that is punishable by imprisonment of up to seven years.

Administration of General Economic Programs, Foreign Investment Regulations, Economic aspects, Cases, Securities dealers, International relations, Investor relations, Foreign investment laws, Rumor, ABN Amro Hoare Govett Asia (Holdings) Ltd.;, Capital Nomura Securities PLC

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