What is an Escrow Agent? An escrow agent is a natural or juridical person who holds funds or assets in custody, until two or more parties have finalized a transaction or resolved a dispute. The role of an escrow agent is often represented by an attorney. The escrow agent is responsible for the safeguard of […]
It is only a few months since the COP26 summit yet states and a myriad of other stakeholders are due to soon meet at the APEC Summit, hosted in Thailand. While several aspects relating to business sustainability may be discussed, the summit is expected to especially focus on carbon credit markets and the carbon tax, […]
Given the ongoing pandemic and distressed Thai economy, Thailand has chosen to expand its tax base and accumulate greater revenues. Thailand has selected several methods to expand its tax base. Thailand has implemented 2 emergency loan decrees, allowing it to borrow 1.5 trillion baht. Thailand raised the public debt-to-GDP ceiling from 60% to 70% (reminiscent […]
Only a few weeks into 2022, the Thai Finance Ministry has chosen to not extend the land and building tax cut. According to Finance Minister Arkhom Termpittayapaisith, the primary reason is because of the fiscal burden associated with the tax cut, and the need for more revenue. Khun Arkhom implies this is also important as […]
As part of an initiative to assist debtors and borrowers struggling to service their debts, on 10 April 2021 The Emergency Decree amending the Civil and Commercial Code B.E 2564 (2021) was announced to reflect Thailand’s current economic climate and the capabilities of its debtors and creditors. The provisions focus on lowering the standard interest […]
Read our article on the Bangkok Post. Recent media attention surrounding the surge (and drop, and surge) of Bitcoin price, and the proliferation of non-fungible tokens (unique cryptographic tokens) highlight just two of numerous applications of blockchain. This distributed ledger technology has also attracted attention in the sustainability space – in negative terms owing to […]