Australian mining firm hopeful new industry minister can help settle conflict

23 Sept 07:07 Key points summarised by AI

Australian mining firm Kingsgate Consolidated seeks talks with Thailand's incoming industry minister to resolve a long-standing dispute over the 2017 closure of its Chatree goldmine.
Kingsgate demands approximately US$750 million in compensation, asserting the mine's closure was unlawful, with the case currently under arbitration per the Thai-Australian Free Trade Agreement.
The company aims to secure compensation for the closure and government assurance that the mine will not be shut down again without credible scientific proof of environmental or public threat.

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.