Thai Commerce Ministry will appeal to the US for a review of GSP decision

Thai Commerce Ministry will appeal to the US for a review of GSP decision

14 Sept 02:52 Key points summarised by AI

Thailand's Commerce Ministry plans to appeal to the US to reconsider the removal of Generalized System of Preferences (GSP) trade benefits, which would subject Thai exports to new taxes of 4-5%.
While the Commerce Minister minimizes the financial impact, a chief strategist warns that the GSP suspension could severely harm Thai exports, worsen existing trade challenges, and potentially lead to significant job losses.

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

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

20 Oct 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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