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Ex-finance minister Korn disagrees with using taxpayers’ money to rescue debt-ridden THAI

13 Sept 20:57 Key points summarised by AI

Former Finance Minister Korn Chatikavanich opposes using taxpayer money to rescue Thai Airways International (THAI), drawing parallels to its 2008 financial crisis.
Korn advocates for THAI to focus on drastic cost-cutting measures, aligning with expert opinions on the airline's needed reforms.
He recounts a successful intervention a decade ago, where a no-bailout policy and new management led to THAI's profitability, which reversed after subsequent management changes.
Korn notes THAI's unusual financial decline despite increasing tourist arrivals and other airlines' profitability, questioning its persistent struggles.

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.