TG president warns airline on brink of collapse, staff must work harder

21 Sept 03:09 Key points summarised by AI

Thai Airways International (THAI) is facing a severe financial crisis, with its president admitting the airline is on the brink of collapse.
The airline attributes its struggles to intense competition from low-cost carriers, a strong baht, Brexit impacts, high fuel costs, and operational disruptions.
THAI reported a 6 billion baht loss in the first half of the year, projected to reach 10 billion by year-end, with accumulated losses totaling 36 billion baht over five years.
The president issued an urgent plea to all staff to unite and work harder, emphasizing that collective effort is crucial to save the company before it's too late.

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.