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INVESTOR ALERT Property Tax Initiative Postponed

Category: Real estate, Posted:17 Jan 2011 | 06:00 am

Thailand's Finance Ministry has announced that the controversial land and building tax has been shelved until after this year's planned elections.
Prime Minister Abhisit Vejjajiva's administration had meant this intended legislation to pass either late last year or early 2011 but clearly political machinations at present make it a secondary concern.
While the tax would have brought substantial revenue into the government coffers, the issue of decreasing the widening gap between the nations's rich and poor continue to stimy political factions.
For landowners who continue to bank large blocks of undeveloped land the news comes with a sigh of relief.

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Phuket’s Koh Siray Adds A New Hotel

Category: Hotels, Posted:22 Jan 2022 | 15:45 pm Phuket’s east coast has a new hotel with the recent opening of the Sinae Hotel in Koh Siray. The resort offers a collection of 64  studio units, and lifestyle as well as private pool villas. A key feature of Sinae is its elevated hillside ocean views. Access to nearby Phuket Town is ten minutes from […]
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The Aussies Are Coming

Category: Hotels|Tourism, Posted:22 Jan 2022 | 14:53 pm For Phuket hotel sales and marketing teams, the go-to-market has been Russia during the height of the winter snowbird season. With March fast approaching and Thailand’s approval of a revised Test & Go program from the beginning of February, hoteliers are looking at the vast void of the second quarter of the year. Certainly, domestic […]
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Patong Hotel Conversion For Banyan Tree’s New HOMM Brand

Category: Hotels, Posted:12 Jan 2022 | 08:00 am The 71-room Bliss hotel in Patong, Phuket has been converted to Banyan Tree’s HOMM brand. Banyan Tree is looking to fast-track expansion with three new brands a key strategy of conversions of existing hotels. The HOMM Bliss Southbeach Patong is the debut for the lifestyle-focused HOMM. Expect more announcements shortly on new Banyan Tree brands […]
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