Finance Ministry to adjust growth rate in April in light of virus outbreak

14 Sept 02:07 Key points summarised by AI

Thailand's Finance Ministry will revise its 2020 growth projection in April, primarily due to the negative impact of global COVID-19 outbreaks.
The ministry anticipates not meeting the forecast of 41.1 million tourist arrivals this year, though the full extent of the virus's impact is still being assessed.
Positive economic indicators include a 3.4% rise in January exports, driven by demand for Thai products and a weakening baht, along with the disbursement of the 2020 budget.
Despite export gains, the ministry notes a slowdown in private investment within the industrial and agricultural sectors.

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.