Army signs MoU for private sector management of its real estate assets

30 Sept 23:32 Key points summarised by AI

The Thai Army and Treasury Department signed an MoU to transfer the management of 40 commercial welfare schemes, including golf courses, land, and recreational venues, to the private sector.
This initiative aims to professionalize the Army's vast real estate portfolio management, replacing current ad hoc arrangements and sharing benefits among the Army, Treasury, and private companies.
The reform, part of a major plan under General Apirat Kongsompong, covers the Army's extensive holdings, which include 160,000 hectares of land and various commercial properties.
Revenue sharing will be based on anticipated earnings from each property, while Army personnel and their families will continue to access these facilities under new, reasonably priced arrangements.

Six injured after car smashes into On Nut shopping mall

Yesterday 22:44 Key points summarised by AI

A 67-year-old woman drove her car through the glass frontage of a Bangkok shopping mall, injuring six people, including a six-year-old girl.
The driver claimed she accidentally pressed the accelerator instead of the brake after being startled, causing the vehicle to surge forward.
She apologized to the victims, promising insurance coverage and additional financial aid, while police continue to gather statements before filing charges.