No raw materials from China forces closure of Kanchanaburi factory – 500 jobless

13 Sept 10:56 Key points summarised by AI

Zica New Materials Company in Kanchanaburi, Thailand, abruptly ceased operations, rendering approximately 500 employees jobless.
The factory cited a critical shortage of raw materials from China, attributed to the coronavirus outbreak, as the reason for its sudden closure.
Employees, including Thais, Filipinos, and Myanmar nationals, discovered the closure upon finding locked gates and a management notice, while the Taiwanese CEO had reportedly returned to Taiwan.
Labour officials are mediating severance pay negotiations for Thai employees and have secured 2,500 baht compensation and transport for 193 Myanmar migrant workers.

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.