Construction of new Phuket incinerator underway Work to build Phuket’s second incinerator at Saphan Hin is underway and the 940-million-baht facility should be completed by the end of the year, a provincial committee on trash management issues was told on Wednesday. Prachoom Suriya, who heads the Phuket City Municipality Environmental Division, told the Phuket Provincial […]
Continue ReadingFinancing property ownership in Thailand Last week we covered the ownership of property by foreigners in Thailand and some of the pitfalls and possibilities. This gives rise to the question of how foreigners can actually finance the purchase of a property here. Currently foreign ownership of property in Thailand is restricted to strata title leasehold […]
Continue ReadingCargo Train Derails in southern Thailand Train services in southern Thailand were temporarily suspended Saturday after a cargo train derailed near a station in Khao Chaison district of Phatthalung province, railway officials said. State Railway of Thailand (SRT) officials said the incident occurred before noon after a cargo train travelling from Bangkok’s Bang Sue railway […]
Continue ReadingBMA readies for imminent flooding The Bangkok Metropolitan Administration (BMA) has prepared 4 million sandbags to build flood barriers along the Chao Phya River, to stop the massive inflows of seawater expected between September 9 and 15 from flooding the capital.
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Continue ReadingMalaysia ranked as best place to retire in South East Asia Malaysia is the best place in South East Asia to retire, according to an annual survey published this week. The International Living magazine’s ‘Best Place in the World to Retire’ report ranks Malaysia as the top country in the region, and ranks it 19th […]
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THAILAND – PROPERTY 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 […]
Continue ReadingNGOs campaign to defer dams construction in Lower Mekong Basin Campaigners on Tuesday expressed concern against the members from the Lower Mekong Basin to continue building dams to meet energy demands. In an interview with reporter in Bangkok on Tuesday, Carl Middleton from International Rivers said that concerned activists have been calling the Mekong River […]
Continue ReadingProperty sector in Bangkok still booming From its business district to leafy suburbs, new condominiums are sprouting almost daily across Bangkok, but developers and investors alike seem little concerned about a property bubble developing. The country’s real estate stocks have been on the boil with the index of property stocks up 28 per cent in […]
Continue ReadingFeasibility study next challenge The government plans to start a feasibility study soon on the first phase of a proposed high-speed rail link from Nong Khai to Bangkok.
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