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Asia's Largest Property Firm Locked In Scandal

Category: Real estate, Posted:02 Jun 2012 | 10:04 am

The prolonged saga in a graft and corruption scandal has hit Sun Hung Kai Properties looks to have no end in sight.
Their portfolio incudes a wide array of hotels and iconic buildings.
The two Kwok brothers – Thomas and Raymond who sit atop one of the leading listed firms in the region have had to post bail and are receiving constant media attention.
Perhaps the biggest fallout has been the toll on investor confidence and impact of falling share prices.
It's anticipated that the investigation could drag on for years and has wide ranging consequences for a once cozy relationship between the private sector and government bodies.

Other News

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Phuket Lifts Travel Restrictions For Bangkok Travelers

Category: Tourism, Posted:24 Jan 2021 | 20:35 pm Good news. Phuket province has eased travel restrictions for visitors from Bangkok and Samut Prakan to the island. The move effectively removes the 14-day quarantine period. A key catalyst in the policy change has reportedly been expected high levels of travel during the Chinese New Year period next month. Travelers are still required to use […]
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Go Ahead. Get Your Ya-Ya’s Out

Category: Tourism, Posted:17 Jan 2021 | 06:00 am Close your eyes. Go ahead. Remember a time when you were young. The magic as a kid, taking blankets, sheets, or even boxes and creating a fantastical tent or unique crazed getaway in the house. Letting your imagination go wild and take you on a journey to incredible places. Or pitching a tent in the […]
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Is Thailand Ready For Legalized Gambling?

Category: Tourism, Posted:16 Jan 2021 | 13:38 pm Topping Thailand’s economic news are comments by the Prime Minister that he is willing to consider opening up gambling, according to the Bangkok Post. With the Thai economy struggling at funding an economic recovery process that has been under extreme duress by Covid-19, the question now will the pandemic be an accelerator of a long-lasting […]