Growth rate for 3rd quarter drops but to rebound in last quarter: NESDB

14 Sept 20:42 Key points summarised by AI

Thailand's economic growth rate for the third quarter registered 3.3%, a drop from 4.6% in the second quarter, primarily due to a global economic slowdown affecting Thai exports.
Despite the Q3 dip, the National Economic and Social Development Board (NESDB) projects a 4.2% growth rate for the entire year and forecasts 3.5-4.5% growth for the next year.
Amid continuing global economic slowdown and trade wars, Thailand plans to rely on its domestic economy, particularly tourism, as a growth engine, with government efforts like free visa fees aiming to boost tourist arrivals. Exporters are also urged to explore new markets and public sector investments are encouraged.

New home loan scheme aims to boost property sector with Bt125 billion

Today 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.