Samsung Electronics to halt production at its last computer factory in China

Samsung Electronics to halt production at its last computer factory in China

13 Sept 12:23 Key points summarised by AI

Samsung Electronics will cease operations at its last computer factory in China, joining a growing number of manufacturers relocating production due to escalating Chinese labor costs, the U.S.-China trade war, and the COVID-19 pandemic's impact.
The closure affects approximately half of the 1,700 contract employees and follows a dramatic decline in the factory's output, which plummeted from $4.3 billion in 2012 to $1 billion by 2018.

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

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.

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