Labour federation opposes proposed rehabilitation scheme for THAI

13 Sept 22:03 Key points summarised by AI

Thailand’s Federation of State Enterprise Labour Relations strongly objects to the proposed court-sanctioned rehabilitation scheme for Thai Airways International (THAI), expressing distrust in the government's plan.
THAI staff and union members will form a parallel rehabilitation committee to monitor the official process, asserting their lack of input in the current petition.
The federation criticizes a previous cabinet-approved plan that failed without accountability, driving THAI to near bankruptcy and excluding the labour union.
They view the Finance Ministry's move to reduce its stake below 50% as an attempt to 'steal THAI' and dissolve the labour union by stripping the airline of its state enterprise status.
The federation argues the government's approach is flawed and should prioritize investigating the core problems that led to THAI's financial crisis.

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.