Cabinet endorses court-sanctioned rehabilitation scheme for ailing THAI

13 Sept 11:17 Key points summarised by AI

Thailand's cabinet approved a court-sanctioned rehabilitation scheme for financially-strapped Thai Airways International (THAI) under the country's bankruptcy laws.
Prime Minister Prayut Chan-o-cha explained this decision was made to prevent the airline's collapse, avoid mass layoffs of over 20,000 staff, and allow for a comprehensive structural overhaul.
The scheme aims to enable THAI to address internal problems, resume operations, and restore its status as a national flag carrier, with court-appointed professionals managing the rehabilitation plan.

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.