2.7 million in Thailand’s tourism sector redundant by September - TTIC

13 Sept 14:39 Key points summarised by AI

Thailand's tourism sector faces severe job losses, with 2.6 million workers already redundant and an additional 100,000 projected by September, pushing operator confidence to a decade low due to COVID-19 lockdowns.
Despite eased restrictions and an anticipated 400,000 foreign visitors in Q3, the sector's revenue is expected to remain 96% below average, underscoring the critical need for border reopening and access to funding to prevent a bleaker future.

New home loan scheme aims to boost property sector with Bt125 billion

Today 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.