Dr. Somkid to head special team to reverse Thailand’s economic slowdown

13 Sept 13:43 Key points summarised by AI

A special economic panel, led by Deputy Prime Minister Somkid Jatusripitak, is established to implement and manage economic measures and reforms in Thailand.
This panel addresses a significant economic slowdown, with Q1 growth at 2.8% (down from 4% last year) and a projected 3% annual growth, intensified by global fluctuations and the US-China trade war.
The team's mandate includes assisting low-income earners and SMEs, boosting farm produce prices, accelerating budget disbursement, promoting exports and tourism, and supporting private investment and production base relocation.

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.