400 workers laid off as their tyre canvas factory closes

400 workers laid off as their tyre canvas factory closes

14 Sept 02:54 Key points summarised by AI

SRF Industries (Thailand) closed its tyre canvas production plant in Rayong, laying off approximately 400 workers due to sustained operating losses.
The factory's closure was driven by the current economic slowdown, declining demand for its products, the appreciation of the Thai baht, and a major customer ceasing orders.

New home loan scheme aims to boost property sector with Bt125 billion

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.

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