How Thais test their luck – twice a month

21 Sept 04:44 Key points summarised by AI

Millions of Thais are increasingly addicted to the lottery, participating twice a month and significantly increasing their spending over the past decade.
Lottery participation is widespread across all income groups, with low-income families increasing their spending faster than their pay rises, and high-income earners also spending substantial amounts.
Thais collectively spend an estimated Bt250 billion annually on lotteries, an amount three times higher than their investment in long-term mutual funds, despite extremely slim odds of winning.
Financial analysis highlights that the money spent on lottery tickets, especially by active gamblers and addicts, could accumulate into significant savings for assets like health insurance, cars, or even houses if saved instead.

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.