TDRI predicts coronavirus may push Thailand’s poor 18.9 million

13 Sept 11:55 Key points summarised by AI

Thailand Development Research Institute (TDRI) forecasts the number of poor people in Thailand could triple to 18.9 million if the COVID-19 pandemic persists for another 6-12 months.
This prediction is based on a potential 10-30% income reduction for the lowest 40% of the population, increasing the poor from 9.5 million to 18.9 million.
TDRI research director Somchai Jitsuchon disputes using occupation as a benchmark for the 5,000 baht monthly subsidy, advocating for asset-based eligibility instead.
He proposes disqualifying individuals owning over three million baht in property, which would reduce the number of eligible recipients to 8-9 million people.

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.