News from Thailand – March 28, 2014
Today in News from Thailand:
• Traffic Department will set higher requirements for double-decker buses
• More mortgage applications rejected by banks
• Thai satellite may find wreckage of missing aircraft
News from Thailand – July 16, 2013
Today in News from Thailand:
• Contaminated rice: The media has done it again
• Excuse Hitler painting
• Banks step on the brakes when granting mortgages
Mortgages now also for farang!
The bullet is finally through the church, although I'm not really cheering yet. Have been criticizing the unjust policy that farangs cannot get mortgages for years, and have sent various emails to the government and banks.
Dutch Embassy Bangkok warns against fraud with loans
The Dutch Embassy in Bangkok explicitly warns on its website against fraud and scams involving financial services in Thailand.
Who can tell me about obtaining a mortgage in Thailand? Such as, which bank is most favourite, read gives the highest mortgage percentage over the purchase amount. Know anything about interest?
News from Thailand – November 7, 2012
The planned assassination attempt on former Prime Minister Thaksin may have been fabricated to give him a credible excuse not to visit Tachilek, say "intelligence analysts," as the Bangkok Post calls these secretive sources.
'Rice mortgage system has disastrous consequences'
Vichai Sriprasert predicts 'disastrous effects' when the rice mortgage system comes into effect after Friday. Vichai is CEO of Riceland International Ltd, a major rice exporter, president emeritus of the Thai Rice Exporters' Association and member of Thailand's Board of Trade. To recap: In the mortgage system, the government buys the unhusked rice at a guaranteed price, or more precisely: the farmers mortgage their rice. The money is borrowed by the government from the Bank of Agriculture and Agricultural Cooperatives…
After the first car, now also an advantage with the first home
After buyers of a first car, buyers of a first home are now also spoiled by the Yingluck government. The cabinet will consider the details on Tuesday. Buyers receive an annual tax refund of 10 percent of the value of their house for the first five years after purchase, provided the house is not more expensive than 5 million baht. Previously, the maximum would be 3 million baht. Finance Minister Thirachai Phuvanatnaranubala says the amount has been increased…
The great hoarding (of rice) has begun
As expected when the government announced its intention to introduce the mortgage system for rice on October 7, an estimated 3 million tons of rice are being held back by exporters, traders and millers to immediately take advantage of the higher prices the system offers. In the mortgage system, which replaces the Democrats' price insurance system, the government, through the Bank of Agriculture and Agricultural Cooperatives, pays 15.000 baht for a ton of white paddy (unhusked rice) and…