Asian economies cut rates, move to blunt impact of virus

13 Sept 06:35 Key points summarised by AI

Asian central banks, including the Philippines and Thailand, cut benchmark interest rates to soften the economic impact of the escalating coronavirus outbreak.
Thailand introduced additional economic stimulus measures, such as corporate tax exemptions and eased loan repayment terms, to support businesses and households.
Many Asian economies, heavily reliant on China for exports and tourism, face significant economic headwinds, with analysts forecasting slower regional growth if the outbreak persists.
Further interest rate cuts are anticipated across the region as countries prepare for continued economic disruption from the virus.

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.