THAI union opposes reduction of Finance Ministry’s stake in the ailing airline

14 Sept 05:37 Key points summarised by AI

Thai Airways' labour union opposes the Transport Ministry's plan to reduce the Finance Ministry's majority stake (51%) in the airline to 49%.
The union argues this reduction could jeopardize the airline's court-sanctioned rehabilitation scheme, as creditors might object without the state's guarantor status.
They also warn that losing state enterprise status would disband the union, stripping employees of crucial protections under labour law.
Despite these objections, the union affirms its support for the overall rehabilitation plan under bankruptcy law.

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.