FTI hopes for further cut in policy interest rate to tame strong Baht

13 Sept 11:14 Key points summarised by AI

The Federation of Thai Industries (FTI) urges the Bank of Thailand to cut the policy interest rate to prevent further strengthening of the Baht, which reached a six-year high against the US dollar.
A strong Baht, appreciating 6% against the US dollar this year, significantly harms Thai exports—already impacted by the US-China trade war—and the tourism sector, leading to downgraded economic growth projections.
FTI also calls for accelerated Free Trade Area (FTA) agreements to open new markets and expresses serious concern over high household debt, which threatens long-term purchasing power and overall economic stability.

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.