Thailand’s export growth drop predicted, SCB's EIC

13 Sept 11:54 Key points summarised by AI

Thailand's 2019 export growth is now predicted to be flat or contract, following a sharp 5.8% year-on-year decline in May, marking the seventh consecutive month of contraction.
Major financial institutions like SCB's EIC and Kasikorn Research Center have significantly revised down their export forecasts, primarily attributing the downturn to the escalating US-China trade war.
The trade conflict directly impacts Thai exports, particularly those integrated into Chinese supply chains, with the strong Thai Baht further dampening outbound shipments.
Future export performance remains uncertain, contingent on global trade tensions, potential new US tariffs, and the central bank's monetary policy decisions regarding interest rates and the Baht.

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.