Low-income workers will be hard hit by a drop of exports

13 Sept 02:59 Key points summarised by AI

Falling Thai exports, which contracted 2.9% in the first half of the year, are poised to severely impact low-income workers through reduced hiring and cuts in overtime employment.
The decline is driven by a global economic downturn and the US-China trade war, diminishing international demand for Thai products and affecting 66% of the domestic manufacturing sector.
Blue-collar workers, who make up 80% of the export-related manufacturing workforce and often rely on overtime pay, are particularly vulnerable, with industries like transport equipment and electronics heavily impacted.
Evidence of this impact is already visible, as overtime employment in the manufacturing sector dropped by an average of 8.8% in the first seven months of the year.

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.