Thai exports in 2019 to contract for the first time in four years

13 Sept 21:09 Key points summarised by AI

Thai exports are forecast to contract by 0.6% in 2019, marking the first decline in four years, totaling USD251.338 billion.
Despite the overall contraction, government stimulus measures are expected to drive a 1.6% export expansion in the latter half of the year.
Major risk factors include the intensifying US-China trade war, a strengthening Thai Baht diminishing export competitiveness, and a potential minimum wage hike.
New trade agreements like the Vietnam-EU FTA and further US-China trade war escalation could significantly disadvantage Thai exports, potentially shrinking them by up to 2.6%.

New home loan scheme aims to boost property sector with Bt125 billion

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.