trending Market Intelligence /marketintelligence/en/news-insights/trending/d3boobfuxuox_ntgwtjmlw2 content esgSubNav
In This List

Thai king takes control of Crown Property Bureau assets

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Q&A: Streamlining Analytics for TCFD Reporting

Blog

Evergrande and the wider impact: a sentiment analytics based perspective

Blog

Insights Weekly: Midstream sector gains; loan growth momentum; insurance M&A on the rise


Thai king takes control of Crown Property Bureau assets

Thailand's Crown Property Bureau, the agency responsible for managing the monarch's properties and investments, said in a statement that it transferred the ownership of the assets to Thai King Maha Vajiralongkorn, Reuters reported.

The transfer follows a change in royal property law in July 2017 to give the king full control of the bureau.

The assets, previously registered to the bureau, were exempt from tax. In line with the king's wishes, they will now be "subject to the same duties and taxation as would assets belonging to any other citizen," the newswire said, adding that the bureau's real estate holdings and other investments were valued by Forbes at over US$30 billion in 2012.