Thai private sector lowers 2019 export growth projection to 2.1%

14 Sept 14:05 Key points summarised by AI

The Thai private sector, represented by the TCC and BoT, significantly reduced its 2019 export growth forecast from 3.1% to 2.1%, attributing the revision to unfavorable external factors and lower prices despite strong export volumes.
Achieving the initial 3.1% growth would necessitate monthly exports averaging US$21.5 billion, a challenging target given current performance.
In contrast, the International Trade Promotion Department maintains a more optimistic 8% export growth projection, requiring a higher average of US$23 billion in monthly exports.
Export prospects for farm products show a mixed outlook with expected declines in key commodities like rice, tapioca, and sugar, while industrial goods are projected for healthier overall growth across sectors such as electronics and automobiles.

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.