pcl: That portfolio, as confirmed by recent public records, has put the monarchy in business with many of Thailand's tycoons, affirming the king's position at the apex of power. ; What's new is the level of public discourse about it, fed by disquiet over legal changes in 2017 and 2018 that were approved by a military-appointed parliament without public debate, according to The Japan Times. Now the issue has become one of the rallying cries for protesters who march regularly through Bangkok's streets, numbering at times in the tens of thousands. Thailand's royal family has long been the biggest shareholder in two of the country's most valuable companies, Siam Commercial Bank PCL and Siam Cement PCL, as well as vast plots of land in central Bangkok that house luxury shopping malls, high-end hotels and towering office buildings. Those legal changes gave King Maha Vajiralongkorn the power to put his name on the assets of the Crown Property Bureau an agency that managed them for the palace no matter who sat on the throne. The changes made clear the king was one of Asia's wealthiest men, and that he had final say on the holdings. They were the first adjustments to the crown property law in roughly 70 years.
(news.financializer.com). As
reported in the news.
Tagged under pcl, siam topics.