News

Who Pays the Commission to the Real Estate Agent ?

Many real estate buyers and sellers don’t understand exactly who pays the real estate agent involved in the transaction. To understand who pays real estate commissions—whether it’s sellers or buyers or both—first take a look at how real estate agents are paid and how they share cooperating commissions. Don’t worry if you

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Do You Need to Work With a Real Estate Agent?

Some people, for their own reasons, don’t trust real estate agents and don’t really understand what an agent brings to the table that they can’t do for themselves. It’s an understandable reaction, as it’s a polarizing subject. Agents are either despised or loved. They earn an A or an F on their

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Fast & Furious 9 to take on Phuket roads

The news broke when the movie’s production manager, Piya Pestonji, met with the Governor of Krabi, Lt Col M.L. Kitibadee Prawit, at Krabi Provincial Hall yesterday (June 12) to discuss details of the production along with the Director of the Tourism Authority of Thailand (TAT) Krabi Office, Apichai Aranyik. The

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Chalong Underpass makes breakthrough

PHUKET: The tunnel that will become the Chalong Underpass has now been fully excavated and the construction engineer for the project still hopes that the underpass will be open to traffic in April. Somkiet Yimpong, Project Manager at the Phuket office of the Highways Department, told The Phuket News yesterday

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Brexit: leading banks set to pull out of UK early 2017

Britain’s biggest banks are preparing to relocate out of the UK in the first few months of 2017 amid growing fears over the impending Brexit negotiations, while smaller banks are making plans to get out before Christmas. The dramatic claim is made in the Observer by the chief executive of

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Industries And Manufacturing In Thailand

INDUSTRIES AND MANUFACTURING IN THAILAND Manufacturing and industry have played a significant role in Thailand’s economic growth. Since most manufactured products are export items they bring tremendous amount of income to the country each year. Major Industries include: tourism, textiles and garments, agricultural processing, beverages, tobacco, cement, light manufacturing such

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Good fortunes forecast for 2018

The EEC, mass transit projects and a brighter economy bring good tidings for the real estate market. Thailand’s property market prospects are expected to be bright next year based on the country’s economic expansion, government spending on big-ticket infrastructure projects and the rise of the Eastern Economic Corridor (EEC). Surachet

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Thai Limited Companies: Shareholder Meetings

Shareholder meetings are an important element in the management of Thai limited companies, since the authorized directors of the company must manage the company under the control of the meetings of the shareholders. In order to hold a meeting of the shareholders, a meeting has to be called according to

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Thailand GDP From Construction

GDP From Construction in Thailand increased to 77237 THB Million in the fourth quarter of 2016 from 66489 THB Million in the third quarter of 2016. GDP From Construction in Thailand averaged 58891.02 THB Million from 1993 until 2016, reaching an all time high of 103692 THB Million in the

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What works online?

What marketing works that doesn’t cost years of your life or thousands of dollars? How much would you pay for 1,000 new ‘targeted people’ to come to your website each month? What return on investment would you expect from it? Maybe 3-5% of these 1000 new visitors clicking your ‘Contact

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Shaky law on Airbnb rentals

A court ruling on Airbnb in Hua Hin was meant to weaken sentiment among condo buyers who buy units to rent out on a daily basis. Yet the data shows the number of daily-leasing units continues to rise. Apichart Chutrakul, chief executive of SET-listed Sansiri Plc which has developed a

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Reference Guide for Corporate Buyers of Land in Thailand

The requirements and legal procedures involved in buying land in Thailand as a company (particularly with foreign shareholders) is quite complex. Siam Legal has therefore compiled this reference guide to help its corporate clients prepare the necessary documents and evidence required in order to avoid needless mistakes and costly delays

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Tourism Minister Talks Up 5-Year Visas

A long-discussed plan to offer five-year visas for foreigners was floated again Tuesday by the nation’s top tourism official. Visas to facilitate those staying for extended periods would make Thailand more competitive with neighbors such as Malaysia, where 10-year visas are available, according to Minister Kobkarn Wattanavrangkul, who said the

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Investing in Thailand Property: The Ultimate Guide

Located in the heart of Southeast Asia, Thailand has served as a trade and business hub for centuries. It was a buffer zone between colonial powers because of its strategic location. As a result, it was the region’s only nation that wasn’t colonized. Thailand (and its property market) is still able

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Women entrepreneurs are defying social expectations

We no longer live in a world where male entrepreneurs dominate. The scenario has changed. There are countless examples of women entrepreneurs making it BIG in their industry. From Arianna Huffington to Kiran Mazumdar-Shaw, we have seen the rise of female entrepreneurs who have reached the pinnacle success. “Want to become

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Acquisition of Land in Thailand by a Foreign Government

The acquisition of land or a condominium unit in Thailand by a foreign government for official use, such as for use as an embassy or consulate, is not covered by any specific legislation. Therefore, assuming that a foreign government intended to acquire land or other immovable property in Thailand for

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Central Phuket opens for business

PHUKET: Central Pattana Plc (CPN), Thailand’s largest retail property developer, today (Sept 10) celebrated the grand opening of Central Phuket, its B20-billion luxury flagship mall. CPN Deputy CEO Wallaya Chirathivat said, “Visiting Central Phuket will fulfil all types of lifestyles: eat, shop and have fun throughout the day. “This project

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Could Thailand be a Surprise Economic Force?

Thailand has come a long way in recent years, perhaps a lot further than what many people might imagine. The economy has seen steady growth over the last 25 years with this expected to continue at between 2.9% and 3.3% between 2016 and 2018 according to The World Bank. This

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Chinese are becoming investors first, tourists second in Thailand

Chinese demand for real estate in Thailand is at an apogee, but the Beijing government’s drive to control capital flight could hinder such demand, according to a new report by Financial Times Confidential Research (FTCR). Surveying 108 investors, FTCR found that Chinese buyers, mostly only “moderately wealthy” and put off by skyrocketing

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