Lifestyle
Marital Assets and Property, and debts under Thai Law
In Thailand, marital property is referred to as Sin Somros. Section 1474 of the Civil and Commercial Code provides that Sin Somros consists of:1. Earnings and most other property acquired during marriage;2. Property acquired during marriage through a will or gift made in writing if it is declared by such will or document of gift to be Sin Somros
3. Fruits of Sin Suan Tua non-marital assets.In case of doubt as to whether or not an asset should be considered marital property or Sin Somros, the law provides that it shall be presumed to be marital property.Since marriage is considered under Thai law to be an economic contract or partnership, property that is acquired during the time a couple is married is generally considered marital property. Consequently, marital property may include tangible assets such as cash in hand or in a bank account, vehicles, paintings, and so forth, plus non-tangible assets such as retirement benefits or lease rights, among others. Marital property also includes the fruits that are generated by a spouses non-marital property during the marriage. For example, if one partner owns a dairy farm before the marriage, the income generated by selling dairy products during the marriage is treated as the couples marital property.
via Marital Assets and debts under Thai Law.
Lifestyle
Thailand sees major drop in cost of living rankings following the effects of Covid-19
The only Thai city that remains in the global top 100 most expensive locations is Bangkok, but even the Thai capital fell 16 places in the rankings to 39th overall

Thai and Vietnamese locations fell by at least ten places in the rankings this year as the pandemic hit local economies.
(more…)Lifestyle
TAT launches second promotional campaign for expatriates in Thailand
TAT launches “Expat Travel Bonus, The Healthy Journey” promotional campaign, offering deals and privileges especially for expatriates in Thailand.

The Tourism Authority of Thailand (TAT) is launching a new “Expat Travel Bonus, the Healthy Journey” promotional campaign, with a special fair to be held during 10-11 October, 2020, from 10.00 – 22.00 Hrs. at Eden 1, Central Department Store at CentralWorld, Bangkok.
(more…)Corporate
When the Weekend Isn’t Really the Weekend: Is Flexible Working the Future?
People all around the planet work in different patterns and for varying amounts of time. For example, in France the legal working week is 35 hours long while in Colombia and Turkey the working week is over 47 hours.

It is becoming clear that workers all over the world could benefit from more flexible hours that let them improve their work-life balance.
(more…)- Economics6 days ago
Thai economy to grow 4% in 2021 following 6.5% decline in 2020
- Banking1 week ago
Can Fintech drive a strong post-COVID-19 recovery in Asia?
- National6 days ago
Human trafficking cases in Thailand hit decade low due to COVID-19
- Health1 day ago
Thailand approves COVID-19 AstraZeneca vaccine for emergency use