COVID-19 causes about one trillion baht in damage to Thai economy

14 Sept 13:27 Key points summarised by AI

The COVID-19 pandemic has inflicted an estimated one trillion baht in damages to Thailand's national economy.
Business confidence for Q1 dropped to a two-year low of 47.2, primarily due to lockdown measures, reduced purchasing power, and increased online competition.
Experts advocate for the government to accelerate the relaxation of restrictions, allowing businesses to reopen and people to regain their income.
The retail sector, including convenience stores, has been severely impacted by decreased consumer spending and a sharp decline in foreign tourists.

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.