Thailand’s ECI for the third quarter is expected to decline further

14 Sept 17:48 Key points summarised by AI

Thailand's household Economic Condition Index (ECI) is projected to decline further in Q3 due to the ongoing global economic slowdown impacting domestic employment and the economy.
A recent survey indicated increased layoffs in October compared to July, signaling a fragile ECI for Q4 despite the government's stimulus efforts.
Around 60% of retail businesses in Bangkok reported poor sales this year, with 65% uncertain about future recovery, reflecting concerns over consumer purchasing power and economic conditions.
Kasikorn Thai predicts next year's retail business growth to slow to 2.7%-3% from this year's 3.1%, with low-end retail expected to underperform compared to e-commerce and supermarkets targeting higher-income consumers.

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.