Thai cabinet announces 1.6 trillion baht third economic stimulus package

13 Sept 06:42 Key points summarised by AI

Thailand's cabinet approved a 1.6 trillion baht (10% of GDP) third economic stimulus package to support individuals not covered by previous aid, small and medium-sized enterprises (SMEs), and the financial sector amidst the COVID-19 crisis.
Funded by the national budget, the package aims to restore confidence and promote local economies by providing skills training to people who have returned to their home provinces, enabling them to work locally.

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.