Thailand, Indonesia to strengthen banking supervision

13 Sept 10:45 Key points summarised by AI

The Bank of Thailand and Indonesia's Financial Services Authority (OJK) signed a Memorandum of Understanding (MoU) to strengthen banking supervision in both countries.
This MoU aligns with Basel principles and outlines cooperation in crucial areas such as information exchange, banking licensing, on-site checking, inherent supervision, and crisis management.
Both nations anticipate that this enhanced cooperation will bolster financial system stability, facilitate efficient cross-border financial services, and ultimately benefit trade, investment, and economic prosperity.

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.