Royal Turf Club of Thailand closes for good

13 Sept 16:41 Key points summarised by AI

The Royal Turf Club of Thailand, also known as Nang Loeng racecourse, permanently closed after 102 years of operation.
Established in 1916 by King Vajiravudh, it served as a prominent venue for horse racing and legal betting.
Declining popularity, falling spectator numbers, and revenue losses ultimately led to the termination of its land lease by the Crown Property Bureau.
Beyond its primary function, the club was also known as a significant networking hub for senior military and political figures.

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.