More Thai people saving in bank accounts during COVID-19 pandemic

More Thai people saving in bank accounts during COVID-19 pandemic

13 Sept 18:41 Key points summarised by AI

The COVID-19 pandemic led to a 12-year high in Thai bank depositors, increasing to 80.82 million in the first half of the year, as public concerns over the economy prompted a shift towards safer bank savings.
The Deposit Protection Agency (DPA) reassured the stability of commercial banks and highlighted its robust 129.969 billion baht fund, anticipating a potential return to normal deposit levels in the second half of the year.

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

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.

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