USTR threatens to cut GSP for Thailand over labour, pork issues

25 Sept 04:59 Key points summarised by AI

The US Trade Representative (USTR) threatens to revoke Thailand's Generalized System of Preferences (GSP) benefits.
This action is primarily due to Thailand's failure to fully address requested amendments to its labor laws, aligning with international standards.
Another significant point of contention is Thailand's continued restriction on imports of US pork containing Ractopamine, a feed additive banned in Thailand.
Thai officials confirm progress on most labor law points but acknowledge two sensitive issues require more discussion, indicating readiness for a potential GSP cut.

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.