Proposed rehabilitation of THAI will expose a Pandora’s Box of corruption

13 Sept 12:13 Key points summarised by AI

Former prosecutor Wanchai Roujanavong predicts Thai Airways' (THAI) rehabilitation will uncover extensive, previously hidden corruption within the national airline.
He identifies prohibitively high aircraft rental fees, allegedly involving multiple agents and the airline's board, as a primary cause of THAI's substantial losses.
The rehabilitation process is deemed essential to expose the truth and bring numerous corruption cases to light, with accused individuals facing higher penalties due to THAI's former state enterprise status.
THAI has filed for bankruptcy protection in both Thai and US courts, grappling with estimated debts of approximately 200 billion baht.

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.