Cabinet approves fertiliser subsidy program for rice farmers

12 Sept 10:35 Key points summarised by AI

The Cabinet approved a "50:50" subsidy program, sharing the cost of fertiliser and microbial pesticide with rice farmers for the 2024-25 crop year.
The scheme provides 500 baht per 0.16 hectares (up to 10,000 baht per household) to approximately 4.68 million registered farming households.
Running from July 15 to May 31 next year, the 29.9 billion baht program aims to cut farmers' production costs by 10%, boosting their revenue and purchasing power, while also relieving the government's burden from other rice management programs.

Thailand secures US$200m World Bank loan for clean energy and low carbon cities

Yesterday 09:24 Key points summarised by AI

Thailand secured a US$200 million loan from the World Bank to significantly invest in clean energy and low-carbon urban development initiatives.
The program aims to drive clean energy funding and low-carbon growth, ensuring a just transition for small and medium-sized enterprises, workers, farmers, and local communities.
Channelled through the Export-Import Bank of Thailand, the loan will fund energy efficiency upgrades in public buildings and industrial areas, including rooftop solar installations and electrical system modernizations, reducing initial capital burdens via Energy Service Companies (ESCOs).