IMF raises economic forecast for Thailand, trims Asean’s outlook

20 Sept 00:04 Key points summarised by AI

The International Monetary Fund (IMF) elevated Thailand's 2018 economic growth projection to 4.6%, up from 3.9%, acknowledging its sustained economic expansion.
Conversely, the IMF reduced its economic growth forecasts for several key Asean nations, including the Philippines, Indonesia, and Malaysia, while Singapore's outlook remained stable.
Globally, the IMF cited the US-China trade war, coupled with tightening liquidity and capital outflows in emerging markets, as primary reasons for trimming the overall economic outlook.
Thailand's Deputy Prime Minister recognized the impending global impact of the trade war and proposed bolstering the domestic economy as a strategic countermeasure.

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.