Energy Ministry opens ‘war room’ to handle possible oil supply disruptions

13 Sept 13:13 Key points summarised by AI

Thailand's Energy Ministry activated a 'war room' to manage potential oil supply disruptions stemming from US-Iran tensions, aiming to ensure continuous supply and stabilize prices.
The nation holds substantial oil reserves, sufficient for 50 days of domestic demand, with additional crude and finished products in transit.
The ministry has proactively diversified oil import sources, significantly reducing reliance on the Middle East from 74% to 50% of demand.
Emergency plans include suspending local crude oil exports to boost domestic supply, increasing production from local refineries, and utilizing the Oil Fund to cushion consumers from price impacts.

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.