THAI files rehabilitation petition with Central Bankruptcy Court

24 Sept 06:54 Key points summarised by AI

Thai Airways International filed a bankruptcy protection petition with the Central Bankruptcy Court in Bangkok.
The filing occurred after the Finance Ministry reduced its stake to 49%, ending THAI's state enterprise status and transferring oversight to the airline's board and management.
The THAI board appointed four new directors, including former CEO Piyasawat Amranan, whose return was welcomed by airline staff.
Prime Minister Prayut Chan-o-cha established an eight-member committee, led by Deputy PM Wissanu Krea-ngarm, to monitor the rehabilitation process.

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.