THE Department of Special Investigation (DSI), in collaboration with the Department of Business Development, is zeroing in on 34 nominee companies in Koh Samui and Koh Phangan each with assets exceeding 100 million baht and with hotels and resorts among them, Amarin TV said today (May 15). Pol.Maj.Yutthana Praedam, DSI’s director-general, said investigation of
Tag: companies
500 nominee companies uncovered in Krabi raid
KRABI police raided an accounting company in this southern coastal province where they found that this same address was used to register six nominee companies with there being a large, interconnected network that has set up over 500 such companies in three southern provinces, Naewna newspaper said today (April 23). In exposing this nominee
Read moreIsraelis being recruited to work illegally on Koh Phangnan?
A KOH PHAGNAN journalist shared a Facebook post today (Oct. 7) alleging that Israeli nominee companies are recruiting only their country folk or those who speak Hebrew to work for them and they could be coming here on tourist visas to illegally take up these jobs, Naewna newspaper said. Calling himself Suer Thuen (Illegal
Read moreUnpaid electrical company boss reveals details of collapsed building
THE owner of an electrical company hired by a subcontractor of the State Audit building that collapsed in an earthquake on March 28 said in a video clip shared online that that he suffered a loss of over 3 million baht after working on the unfinished building for a year and not been fully
Read moreCollapsed building’s Chinese contractor, steel supplier linked to 37-company network
TWO Chinese companies involved in the construction of the State Audit building which collapsed during last Friday’s huge earthquake centred at Mandalay, Myanmar, with tremors felt across Thailand are part of a network of 37 companies with 26 problematic projects being linked to 14 of them, Amarin TV said this afternoon (April 3). Commerce
Read morePolice urged to probe 100 direct sales companies amid iCon Group scandal
THE CENTRAL Investigation Bureau today (Oct. 14) received a complaint to investigate a hundred direct sales companies, both Thai and foreign, after The iCon Group landed in trouble as some investors have complained they have lost hundreds of thousands and up to millions of baht upon investing in the company, Amarin TV said today
Read moreSrettha to meet more American companies during Apec summit
PRIME MINISTER-cum-Finance Minister Srettha Thavisin said upon arriving at Suvarnabhumi Airport from New York at 7.30 a.m. this morning (Sep. 24) that he will be holding talks with more American companies when he joins the Asia-Pacific Economic Cooperation (Apec) summit in San Francisco during Nov. 11-17, 2023, Matichon newspaper said. While attending the 78th
Read moreFrom land of promise to pariah state: Myanmar coup rattles foreign firms
By John Geddie & Joe Brock, Reuters, published by Nasdaq.com Singapore – Shortly after the military seized power, 55 foreign investors in Myanmar from Coca Cola to Facebook signed a statement committing to the country and employees there during developments of “deep concern”. A month on, those pledges are being sorely tested with Myanmar’s economy
Read moreGovt moves to help Covid-hit credit card debtors
AS the coronavirus pandemic has severely affected a large number of people the government today (Feb. 13) announced that it has roped in 22 credit card issuers and financial service providers to work out debt settlement with clients in need of help, Siam Rath newspaper said. Ms. Trisulee Traisanakul, deputy spokesperson for the Prime Minister’s
Read moreGermany wants to grow out of crisis ‘with full strength’ next year
By Reuters staff, published by US News Berlin: Germany is mobilising huge sums of money to soften the impact of the coronavirus pandemic and hopes the economy will emerge from the crisis with full strength in 2021, Finance Minister Olaf Scholz said today (Nov. 27, 2020). “Our goal is to overcome this pandemic and grow
Read moreChinese companies put US listing plans on ice as tensions mount
Reuters, published by Deccan Chronicle Shanghai: Chinese companies are putting off plans for US listings as tensions between the world’s top two economies rise, lawyers, bankers, accountants and regulators involved in what has been a major capital-raising route told Reuters. The drop in interest, especially from those in the early stages of planning, is the
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