Thai Bank assets policy

SCB offers loan to buy overseas assets

By Ekarin Bumroonpguk
The Nation
Published on April 9, 2009

As many companies overseas have been forced by the global financial crisis to dump their properties or businesses at cheap prices, a local bank is supporting companies here to scavenge for bargains abroad.

Many companies are in the pipeline to snap up foreign assets, Siam Commercial Bank said on Tuesday.

It aims to lend to strong Thai companies that wish to buy cheap foreign assets in order to expand their core business.

Recently, SCB was the solely provider of a Bt12-billion, 10-year loan to energy conglomerate PTT, part of which would be used to buy a coal mine in Australia. Read More »

Financial planning of American expats in Thailand

Unlike most expats, American expats can’t necessarily escape their liability to taxes in their home country just by flying off into the sunset.  But being a US citizen does not necessarily mean that you are born into a tax prison.

More freedom than you think

Working American expats enjoy a modest exemption of around USD 80,000 for income earned abroad, which can protect many overseas American expat employees from most of their liability to US taxes and allow them to sleep soundly at night!

Read More »