Korn urges government to use ฿600bn loan balance to ease impact of COVID-19

13 Sept 11:36 Key points summarised by AI

Former Finance Minister Korn Chatikavanij urges the Thai government to immediately deploy the remaining ฿600 billion from two loans to mitigate the severe impact of the second COVID-19 wave.
He stresses that prompt action is vital to build public and business confidence, assuring them of the government's financial stability and capability to provide crucial relief.
Korn highlights bureaucratic red tape as the primary obstacle preventing the timely disbursement of these funds, which could support the jobless, previous aid recipients, and struggling businesses.
He also criticizes the government's inefficiency and outdated bureaucratic system, linking it to broader failures in managing crises like illegal border crossings and gambling dens.

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.