IMF readjusts Thailand’s GDP forecast from -7.7% to -7.1%

14 Sept 02:00 Key points summarised by AI

The International Monetary Fund (IMF) upgraded Thailand's 2020 GDP growth forecast from -7.7% to -7.1%, indicating a gradual economic recovery following the easing of lockdown restrictions.
Finance Minister Arkhom Termpittayapaisith emphasized the necessity of extending remedial measures, such as debt moratoria, as many businesses, despite government aid, continue to face challenges in servicing their debts, prompting the Bank of Thailand to coordinate ongoing support.

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.