Only Chevron and PTTEP submit bids for Bongkot, Erawan blocks

14 Sept 02:59 Key points summarised by AI

US-based Chevron Corp and Thailand's PTTEP are the only two companies that submitted bids for the Erawan and Bongkot natural gas fields in the Gulf of Thailand.
These two fields are crucial for Thailand's energy security, collectively producing 60% of the country's total natural gas output.
The National Energy Policy Council is set to approve the winning bidders in December, with 10-year contract signings scheduled for February.
France's Total SA, despite previously showing interest, notably did not submit a bid for the Bongkot field.

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.