PM Prayut says Thailand has “very high” foreign reserves

13 Sept 06:16 Key points summarised by AI

Prime Minister Prayut Chan-o-cha declared Thailand possesses "very high" foreign reserves, estimated at nearly $200 billion in August, which are 3.5 times higher than its short-term debts.
He attributed this robust economic health to the government's shift to domestic borrowing, loan restructuring, strong export and service sector growth, and financial discipline, highlighting the country's resilience compared to others facing economic crises.

New home loan scheme aims to boost property sector with Bt125 billion

20 Oct 11:38 Key points summarised by AI

The Cabinet approved a new Bt50-billion 'A House for Each PLUS' home loan scheme from the Government Housing Bank, offering up to Bt3 million with 40-year repayment terms for low- and middle-income earners.
This initiative aims to significantly boost the property sector and national economy, projecting to generate Bt125 billion in economic activity and create jobs.