THAI struggling with huge debt, executives asked to take voluntarily pay cut

21 Sept 05:44 Key points summarised by AI

Thai Airways International is in a deep financial crisis, grappling with approximately 245 billion baht in debt and facing potential bankruptcy.
THAI's president has asked executives, including himself, to voluntarily cut their meeting allowances and remuneration to reduce costs and foster a spirit of collective effort.
Sources within the Transport Ministry confirm the severity of THAI's debt crisis, highlighting a critical debt-to-equity ratio of 14.55 and a low debt service coverage ratio of 0.62.
Acquiring a new fleet, valued at an estimated 156 billion baht, could further exacerbate the airline's debt, potentially making it the most indebted airline globally.

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.