How Thai economy will perform next year

13 Sept 09:07 Key points summarised by AI

Thailand's economy is projected for a modest 2.7-3.0% growth next year, primarily hampered by global economic weakness, rising household debt, and tech-driven job displacement.
The government is expected to increase fiscal spending and implement assistance programs to stimulate economic activity, complementing a modest recovery in exports and continued strength in tourism.
While the Thai baht maintains its position as a strong regional safe haven currency, domestic household consumption is anticipated to slow further, alongside a notable contraction in employment across key sectors.

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.