Finance minister assures Thai economy not critical, just slowing down

13 Sept 09:14 Key points summarised by AI

Finance Minister Uttama Savanayana assures that the Thai economy is merely slowing down, not critical, with an anticipated recovery next year.
The government has deployed several economic stimulus packages, including the "Chim Shop Chai" program and a condominium down payment giveaway, to address disappointing growth.
Uttama dismisses analysts' predictions of an impending crisis, emphasizing the government's need for bold action to build confidence amidst the gloomy economic climate.
The government is actively monitoring economic conditions, both locally and globally, and stands ready to implement additional stimulus measures if deemed necessary.
Approximately 50 state enterprises are accelerating investment projects, totaling about 100 billion baht, to help drive the economy forward.

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.