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Prayut lays out measures to help rubber planters, blames Thaksin government for rubber crisis

21 Sept 05:10 Key points summarised by AI

Prime Minister Prayut Chan-o-cha attributes Thailand's rubber surplus and plummeting prices to the Thaksin government's 2004 policy promoting plantation expansion.
The government proposes short-term relief measures, including occupational training for rubber planters to diversify income during low prices.
Key strategies involve urging planters to cut low-yield trees for replacement, temporarily suspend rubber tapping for 1-2 months to reduce market supply, and incentivize the use of rubber wood in furniture.
Further initiatives include encouraging greater domestic use of rubber products, starting with the government sector, and collaborating with the private sector on car tire promotions offering tax deductions.

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.