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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Train derails in Hua Hin, killing at least 7

A train bounding for Bangkok from Trang derailed in Prachuab Khiri Khan on Monday morning, killing at least seven passengers and injuring many others. The accident happened at about 4.45am at Khao Tao station in the province’s Hua Hin district. A Nation reporter at the scene said that ten of 15 compartments derailed. The train […]

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