How US-China trade war is impacting Thailand

13 Sept 23:03 Key points summarised by AI

Thailand initially benefited from trade diversion, projected to gain around US$5 billion as US and Chinese importers shifted to certain Thai products to avoid tariffs.
Despite short-term gains, the trade war's indirect effects are significantly dampening Thai exports, particularly those integrated into Chinese supply chains, leading to overall sluggish export performance.
Key Thai exports to China, including computer parts, circuit boards, wood products, and rubber, experienced substantial year-on-year contractions, reflecting the negative impact on affected supply chains.
As a vital part of regional production networks, Thailand's export outlook remains uncertain, heavily dependent on the resolution of the trade dispute and the path of economic recovery in China.
The ongoing trade war has broad global repercussions, impacting not only Chinese and potentially US industries but also disrupting international trade, with hopes for a resolution resting on an upcoming US-China summit.

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.