Nok Air determined to carry on after filing court rehabilitation plan

14 Sept 01:48 Key points summarised by AI

Nok Air submitted a business rehabilitation plan, accepted by the Central Bankruptcy Court, to resolve its liquidity problems and ensure continued operations.
Chairman Prasert Boonsamphan affirmed the airline's commitment to avoiding bankruptcy, attributing financial issues largely to the COVID-19 pandemic.
The rehabilitation strategy primarily involves fair debt restructuring, aiming to align with the company's payment capacity and restore normal operations for future prosperity.
Grant Thornton Specialist Advisory Services Company and several Nok Air board members have been proposed as the rehabilitation planners.

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.