ADB raises economic outlook for Thailand, cut forecast growth for Asean

13 Sept 18:18 Key points summarised by AI

The Asian Development Bank (ADB) significantly upgraded Thailand's economic growth forecast for 2018 to 4.5% and 2019 to 4.3%, citing robust exports, increased private consumption, and ongoing infrastructure development.
Conversely, ADB slightly lowered its overall ASEAN economic growth forecast for 2018 to 5.1%, while keeping 2019 unchanged at 5.2%.
ADB cautioned Thailand about a potential slowdown in the farming sector due to heavy rainfall and the risk of capital outflow driven by the US-China trade war and international investors seeking higher interest rates.

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.