Cabinet gives nod to over 60 mega projects to facilitate EEC

14 Sept 00:55 Key points summarised by AI

The Thai Cabinet approved over 60 large-scale investment projects in the lower North and upper Northeast.
These projects are designed to facilitate and connect with the government’s flagship Eastern Economic Corridor (EEC) scheme.
Key development areas include logistics, tourism, water resources management, and enhancing connectivity with neighboring countries like Laos and Myanmar.
Major infrastructure upgrades involve developing Asian Highway 117, improving border passes, and expanding airports in Udon Thani, Loei, and Phitsanulok, plus a new airport in Bung Kan.
An online visa system will be adopted to streamline cross-border trade and transport, alongside plans for a new rail link between Loei, Nong Bua Lam Phu, and Bung Kan.

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.