The four men tasked with piloting THAI through bankruptcy restructuring

21 Sept 07:45 Key points summarised by AI

Four new board members have been appointed to steer Thai Airways International (THAI) through a court-ordered bankruptcy restructuring, aiming to clean up and rehabilitate the ailing national carrier.
THAI faces over Bt244 billion in debt and filed for bankruptcy amidst the global aviation shutdown, with the new team tasked with developing a crucial restructuring plan.
The Finance Ministry reduced its stake, stripping THAI of its state enterprise status to allow greater operational flexibility, though the government technically retains majority control.
The quartet, hand-picked by the Prime Minister, brings extensive experience from public and private sectors, including Piyasvasti Amranand, who previously led THAI to profitability, despite warnings of potential political interference.

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.