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15 candidate administrators of THAI rehabilitation plan nominated by Transport Ministry

13 Sept 11:51 Key points summarised by AI

The Transport Ministry nominated 15 candidates to serve as administrators for Thai Airways International's rehabilitation plan.
The list awaits Prime Ministerial approval before being submitted to the Central Bankruptcy Court for official appointment.
This action is part of a broader bankruptcy procedure, initiated by THAI's petition and the Finance Ministry reducing its stake to facilitate the process.
Appointed administrators will negotiate with creditors, formulate a rehabilitation plan, and oversee its execution once approved by both creditors and the court.
Upon court acceptance of THAI's petition, all the airline's debts will be automatically frozen under the Bankruptcy Act.

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.