9 billion baht fund to be sought from Central Fund to help small rubber farmers

13 Sept 09:02 Key points summarised by AI

The Rubber Authority of Thailand plans to request 9 billion baht from the government's Central Fund to support small rubber farmers.
This fund targets approximately 300,000 small planters, each owning not more than 10 rai, who personally manage their plantations.
Eligible farmers will receive a subsidy of 1,000 baht per rai for a three-month period, starting November 1, to combat falling natural rubber prices.
The proposal awaits consideration and approval from the Natural Rubber Policy board, chaired by Prime Minister Prayut Chan-o-cha.
The initiative addresses the financial strain on farmers due to a significant drop in rubber prices, which have plummeted from a peak of over 140 baht/kg in 2011 to current levels around 42 baht/kg.

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.