Cabinet endorses three packages to revive ailing tourism industry

13 Sept 13:15 Key points summarised by AI

Thailand's Cabinet approved three substantial packages to revitalize its tourism sector, which has suffered a more than 50% decline due to the COVID-19 pandemic.
The first package allocates 2.4 billion baht to provide 2,000 baht in travel expenses for 1.2 million frontline medical personnel and public health volunteers.
A second package earmarks 2 billion baht to offer 1,000 baht subsidies covering 40% of travel costs for two million domestic travelers.
The third and largest package, costing 18 billion baht, will subsidize 40% of hotel and food expenses for customers, with hotel room rates capped at 3,000 baht per night.

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.