Thailand’s MBK offering condo financing for foreigners

Thai institutional group MBK PLC is now offering financing to foreigners on freehold condominiums through its subsidiary MBK Guarantee Ltd. This appears to be an extremely notable development in Thailand, where previously financing was nearly impossible to obtain for foreigners. Loans from THB2 million to THB20 million (US$63,431-634,313) are being offered with monthly payments from […]

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Bangkok: Police nab Iranian man with 10kg of ‘ice’

BANGKOK, Aug 9 – Bangkok’s metropolitan police on Monday arrested an Iranian man in central Bangkok for possessing 10 kg of crystal methamphetamine, commonly known as “ice”, worth Bt30 million (US$930,000). Metropolitan Police chief Pol Lt-Gen Santan Chayanont said that Soltan Mohammadi Reza, 32, was arrested after police detective at Thonglor Police Station was tipped […]

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