The prime (and leafy) British Embassy, the eye-catching MahaNakhon Building and a gigantic Central-JD.com hookup were the largest purchases of 2018. Despite political uncertainty, it was still business as usual in 2018 with several megadeals leaving investors stunned at their sheer size. From e-commerce to physical edifices, here are the top three groundbreaking deals of this year. CENTRAL-BRITISH EMBASSY LAND A scarcity of freehold land plots in bustling central business district (CBD) locations continues to drive land prices to new record highs, with the sale of the British embassy's last plot on Wireless Road earlier this year posting the highest figure for a land deal in Thailand's history. The plot of nearly 23 rai was sold in January 2018 to a joint venture consortium of Hongkong Land, a member of the Jardine Matheson Group, and Central Group for over £420 million (18 billion baht). The price per square wah of this plot more than doubled in 12 years to 2 million baht from … [Read more...] about Shock and awe of big sales in 2018
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By Caleb Melby Bloomberg Thu., May 31, 2018 U.S. President Donald Trump’s net worth slipped to $2.8 billion (U.S.), a decline of $100 million over the past year, as revenue at his namesake Fifth Avenue tower and golf courses fell. The drop, the second in two years, is based on figures compiled by the Bloomberg Billionaires Index from lenders, property records, annual reports, market data and a May 16 financial disclosure. It occurred as Trump began his second year in the White House and his name was stripped from buildings in Toronto, Manhattan and Panama. The most recent estimate, down from $2.9 billion last June, is the lowest since Bloomberg began tracking Trump’s wealth in 2015. The biggest declines, totalling $220 million, came from adjacent buildings in midtown Manhattan: 6 E. 57th St., which previously housed a Niketown store, and Trump Tower, where lower occupancy resulted in less income. The Trump Organization’s 16 golf and resort properties … [Read more...] about Trump’s net worth drops to $2.8 billion, lowest since campaign
Incomplete submission of Statements of Assets, Liabilities, and Net Worth. That’s the reason eight of 14 Supreme Court justices booted out last week Chief Justice Maria Lourdes Sereno. These days the justices are more concerned with thwarting her appeal for case review. Also, with punishing her, likely with disbarment, for speaking publicly against them during the quo warranto hearings. The annual SALNs are a measure of integrity for SC nominees who are government officials, the justices ruled. CJ nominees in 2012 had been required to present ten years’ SALNs, if applicable. Yet the Judicial and Bar Council supposedly waived the rule for Sereno, who allegedly could turn in only three SALNs. Should not the justices make the JBC explain that purported special treatment? At that time Senior Associate Justice Antonio Carpio was acting CJ, as Renato Corona had just been unseated. But since he was nominated for permanent CJ, he recused from chairing the JBC search committee. Five … [Read more...] about Won’t justices probe JBC on Sereno SALNs?
A successful 3rd SPIA Asia – Asia’s Sports Industry Awards & Conference came to a close with a black-tie Awards Gala Dinner with , Mr Nattavuth Ruengves, Deputy Governor for Elite Sports and Sports Science of Sports Authority of Thailand and Mr. Somyot Poompunmoung, President of the Football Association of Thailand and more than 400 VIP guests in attendance, gathered to celebrate the best-of-the-best in Asia’s sports industry at Centara Grand & Bangkok Convention Centre at CentralWorld. Attended by global sports agencies, governing bodies, international sports federations, global and Asian brands, event organisers and industry suppliers, the Awards Gala followed the two-day “The Business of Sports – Asia’s Sports Industry in the Fast Lane III” conference which saw presentations and panel discussions from 35 leading sports experts and influencers from around the world as well as the presentation of the English Premier League Trophy by … [Read more...] about Top Asian sports brands & events recognised at 2017 SPIA Asia Awards
Kunakornwong knows a thing or two about how self-knowledge can lead to success and happiness. The architect turned property developer had already drafted a life plan by Mathayom 2-3 (grades 8-9). When he finished Mathayom 6, every university entrance exam was sat with one design in mind: to realise his passion for residential construction. “I’ve always known myself. When I was an architect, I knew that it wasn’t right for me because I perhaps wasn’t the best at design. But I knew I loved property development,” says Mr Nuttaphong, chief executive of SET-listed developer SC Asset Corporation Plc.After graduating from the Faculty of Architecture at Chulalongkorn University, he spent a year as an architect, a dream career for many young men. Then he went abroad to earn an MBA.When he finished his studies in the US, it became clear to him that real estate was his true passion.“If anyone asks what I want to do, it’s what I’m doing today,” … [Read more...] about Nuttaphong The secret to building a good life