Thai Rath to downsize through voluntary early retirement

13 Sept 11:13 Key points summarised by AI

Thai Rath, a major Thai newspaper, is implementing a voluntary early retirement scheme to downsize its workforce.
The decision is driven by a significant decline in revenue and drastic shifts in media consumption behavior, preventing the paper from meeting its financial targets.
The program is open to all staff members of Watcharaphol Company, offering severance packages based on their employment period.
This move underscores the severe challenges facing the Thai media industry, including the rise of digital media and a saturated digital TV market.

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.