Strong baht sends jitters through Thai export sector

14 Sept 03:06 Key points summarised by AI

The Thai private sector expresses serious concern over the baht's 5.5% appreciation against the US dollar, reaching a six-year high, which is severely impacting exports of agricultural and consumer products.
Industry leaders are urging the government for urgent intervention to stabilize the currency, suggesting an ideal baht value of around 34 per US dollar to protect the export sector.
The strong baht is specifically projected to cause Thai rice exports to miss their 10-million tonne target for the year.
The Bank of Thailand is closely monitoring short-term fund inflows, deeming them inconsistent with economic fundamentals, and may implement measures to curb them.
Thailand's economy faces substantial pressure from the strong currency combined with the ongoing US-China trade war, which is affecting both exports and tourism.

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.