Popular Maya Bay closed indefinitely for rehab after serious damage

14 Sept 03:49 Key points summarised by AI

Maya Bay, globally recognized for "The Beach" movie, faces an indefinite closure for urgent ecological rehabilitation, extending beyond its typical seasonal shutdown.
Authorities cited severe environmental degradation, including significant beach subsidence and widespread coral death, directly caused by overwhelming tourist traffic exceeding its capacity.
The decision sparked immediate protests from tour operators, who decried the lack of prior notification and warned of a devastating impact on local tourism due to the bay's popularity.
Officials confirmed the extensive damage necessitated prolonged recovery, acknowledging the prior three-month closure was inadequate and a reopening timeline remains uncertain.

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.