Tag Archives: Crown Property Bureau

Military and monarchy as Siamese twins

The Asia Times has another long commentary on Thailand’s political predicament by Shawn Crispin. There’s some interesting bits and pieces. For one thing, it is stated that in “the lead-up to the cremation of … King Bhumibol …, authorities rounded up 42 suspects at check points around the royal ceremony…”. Further, Rights groups and diplomats […]

More secret palace deals

In a secret consideration, the junta’s puppet National Legislative Assembly (NLA) has approved “adjustments to the law that manages the safety and security of … the [k]ing and members of the [r]oyal [f]amily.” After the event, it is reported that the NLA “voted unanimously to approve an amendment to the 2014 Law of Royal Safety […]

Good rich king, bad rich king

Are we the only ones who have detected a change in the way that critics of the monarchy are writing about it? While we recently posted on the ninth reign as a bloody era where thousands of citizens were disappeared, jailed, tortured and killed by the state, usually operating in the name of the monarchy […]

Updated: Big deals for the Crown Property Bureau

In a somewhat bland Bangkok Post article it is reported that the “Crown Property Bureau’s shareholding in Siam Commercial Bank (SCB), Thailand’s third-largest bank by assets, has declined by 3.33%…”. That amounts to about 17 billion baht or more than half a billion dollars. The CPB remains the bank’s largest shareholder after the transaction on […]

Updated: Royal wealth and the squeeze on the taxpayer

Academic Pavin Chachavalpongpun has recently published an op-ed at The Japan Times. “A very wealthy monarch grows wealthier” examines the July “reorganization of the Crown Property Bureau, to pave the way for his [King Vajiralongkorn’s] control of this financial wing of the monarchy.” Pavin observes that: The new legislation was approved by the military government […]

CPB and more shopping

A major reshaping of Bangkok’s Lumpini area is planned. The Crown Property Bureau is about to make another fortune. Yukako Ono reports on this at the Nikkei Asian Review. The CPB has made several prime pieces of real estate available for large major urban redevelopment projects. The biggest of these is with the TCC Group, […]

Updated: Royalism undermines popular sovereignty

Everyone knows that the prince, now king, began his purges of the palace from late 2014, when he “divorced” Srirasmi. Dozens of her family and associates were jailed. Then there were the clearances that saw “unreliables” ditched, deaths in custody, lese majeste jailings and the use of a personal jail. Some fearful palace associates, now […]