King Power wins contract to operate duty free shops at Thailand’s airports

14 Sept 01:59 Key points summarised by AI

King Power Duty Free secured major contracts to operate duty-free shops at Suvarnabhumi, Phuket, Chiang Mai, and Hat Yai airports, alongside managing commercial areas at Suvarnabhumi International.
The company won by submitting the highest bids, offering a minimum of 15.4 billion baht for Suvarnabhumi duty-free operations and 5.79 billion baht for its commercial areas, significantly outbidding competitors.
These lucrative contracts span over ten years, from September 2020 to March 2031, with a key condition that King Power caps food and drink prices in commercial areas at 20% above market rates.

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.