Songkran is set to boost economic sentiment

14 Sept 04:38 Key points summarised by AI

Economists project Songkran will generate approximately 135 billion baht in consumer spending, a 2.76% increase from last year, aiming to uplift economic sentiment despite recent consumer confidence drops.
Haze in northern provinces influences travel plans, prompting many holidaymakers to reroute to other destinations and encouraging secondary tourism provinces to boost marketing.
A majority of Thais plan domestic trips (averaging 5,232 baht per person), while a smaller percentage opts for overseas travel with significantly higher average spending (58,500 baht per person).
Tourism activities during the 7-day festival are forecast to generate 28 billion baht, with international visitors contributing 15.8 billion baht, partly driven by visa exemptions.
Over 2.3 million local and foreign visitors are expected to join Songkran festivals, with major airports anticipating a 12.3% increase in travelers compared to the previous year.

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.