Central bank takes measures to deal with baht speculation

14 Sept 01:32 Key points summarised by AI

The Bank of Thailand (BoT) is implementing measures to curb speculative hot-money inflows amidst the rapid appreciation of the baht currency.
Effective July 22nd, the BoT reduced the outstanding balance limit for non-resident baht accounts (NRBA and NRBS) from 300 million to 200 million baht per account.
Financial institutions are now required to disclose the ultimate beneficiaries of non-resident holdings in Thai debt securities to the central bank, a move aimed at curbing bond speculation.
The central bank will continue to closely monitor the baht's developments and foreign investor behavior, prepared to take further action against speculation.

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.