World's 26 richest own same wealth as poorest half of humanity: Oxfam

14 Sept 00:45 Key points summarised by AI

Oxfam reveals the 26 wealthiest individuals possess as much wealth as the poorest 3.8 billion people combined, highlighting extreme global inequality.
Billionaires' collective fortunes surged by US$2.5 billion daily in 2018, while the wealth of the poorest half of humanity declined by 11%.
This escalating wealth gap undermines poverty alleviation efforts, damages economies, and fuels widespread public anger.
Oxfam advocates for governments to hike taxes on the super-rich and corporations to fund crucial public services like healthcare and education, reversing the trend of under-taxing the wealthy.

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.