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Income inequality, debt, climate change and plastic waste the main issues - BOT governor

2 Oct 01:27 Key points summarised by AI

Thailand grapples with severe income inequality, where the richest 10% earn 19 times more and own significantly more land than the poorest 10%.
High household debt, at 78.7% of GDP, highlights a trend where Thais accrue debt faster, for longer periods, and in larger amounts throughout their working lives.
Worsening climate change presents critical threats, potentially forcing industry closures and fostering the emergence of new diseases due to ecological shifts.
Plastic waste is a major environmental concern, with only 9% recycled, contributing to vast oceanic pollution like the Great Pacific Garbage Patch.
The Bank of Thailand Governor emphasizes that businesses must adopt sustainable practices and robust corporate governance to effectively tackle these pressing national challenges.

Yesterday 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.