The US-China trade war leads to an increase of FDIs in Thailand

13 Sept 04:01 Key points summarised by AI

The US-China trade war significantly boosted Chinese and Hong Kong FDI into Thailand, with a 170% surge in investment projects in the first half of the year, primarily to circumvent tariffs.
Thailand's strategic location, established industrial bases (automotive, electronics), and government incentives like the Eastern Economic Corridor (EEC) attract foreign investors, including major Japanese and US companies.
The Thai government actively promotes FDI through tax incentives (Thailand Plus Package), professional service liberalization, and innovation hubs to foster high-tech industries and address skilled labor shortages.
Despite increased investment, delays in crucial EEC infrastructure projects and rising competition from neighboring countries like Vietnam could hinder Thailand's long-term high-tech industrial development goals.

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.