Creditors object to THAI’s rehabilitation plan administrator appointment

21 Sept 06:51 Key points summarised by AI

A lawyer representing some creditors formally objected to Thai Airways' proposed rehabilitation administrator, EY Corporate and Advisory Services, at the Central Bankruptcy Court.
The objection highlighted EY's lack of experience in airline rehabilitation, a questionable track record with another bankrupt company (Saha Farm), and allegedly "unreasonable" service fees.
THAI's Acting President defended EY as a "world-class company," stating its lack of prior airline experience is due to no previous airline bankruptcies in Thailand, and confirmed majority creditor support for the plan and administrator.

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.