Government to give 1,500 baht/rai cash handouts to oil palm planters

13 Sept 09:47 Key points summarised by AI

The National Oil Palm Committee plans a 1,500 baht/rai cash handout to 150,000 oil palm planters, capping the subsidy at 15 rai (22,500 baht) per individual.
This populist move, costing 3,458 million baht, targets Thai planters who have cultivated oil palm for over three years, are registered, and possess legal land documents.
Additionally, the Energy Ministry instructed EGAT to purchase 160,000 tonnes of crude palm oil at 18 baht/kg for power generation, aiming to boost fresh oil palm prices to 3.2 baht per kilogramme.

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.