Thailand conditionally to open its doors to long-stay tourists

13 Sept 10:50 Key points summarised by AI

Thailand's cabinet approved a plan to issue Special Tourist Visas (STV) for long-stay foreign tourists, aiming to revive its struggling tourism sector.
The STV permits stays of up to 90 days, extendable twice, and will be available until September 30th next year.
Visitors must adhere to strict health measures, including a mandatory 14-day quarantine at a hotel or hospital, and provide documented proof of accommodation for their entire stay.
This initiative targets "quality tourists" to mitigate the economic impact of the global COVID-19 pandemic on the country's tourism industry.

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.