World Bank projects higher economic growth for Thailand

13 Sept 12:54 Key points summarised by AI

The World Bank has increased its 2018 economic growth projection for Thailand to 4.5%, up from an earlier 4.1% forecast.
This upward revision is primarily driven by the government's robust implementation of large-scale investment projects and comprehensive economic reforms, including an overhaul of the taxation system.
Thailand's economy is deemed exceptionally strong, characterized by a substantial current account surplus, low inflation, a secure financial sector, and remarkable stability amidst global economic fluctuations.
Despite current strength, growth is anticipated to moderate to 3.9% in 2019-2020 due to a projected slowdown in exports, prompting advice for Thailand to prioritize domestic economic drivers.

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.