Thailand’s PM assures no quid pro quo with 20 billionaires

13 Sept 06:16 Key points summarised by AI

Prime Minister Prayut Chan-o-cha clarified his invitation to 20 wealthy individuals was for collaboration, not financial aid, amidst public criticism.
The PM emphasized the government's financial stability, stating the discussions aim to ensure tycoons support their employees and complement state efforts during the COVID-19 crisis.
He dismissed "quid pro quo" accusations, urging critics not to misrepresent his initiative, and welcomed broader stakeholder input for economic recovery.
Regarding COVID-19 measures, the PM announced no immediate timeline for easing lockdown restrictions, prioritizing expert medical consultation to prevent a new outbreak.
The cabinet is scheduled to discuss the extension of the state of emergency next Tuesday, which is due to expire at month-end.

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.