Electricity, water and internet bills to be reduced to help public and SMEs

13 Sept 07:10 Key points summarised by AI

Thailand's cabinet approved urgent relief measures to boost liquidity, enhance unemployment benefits, and reduce living costs for the public and SMEs.
Electricity bills will be discounted: households using under 150 units get the first 90 units free, while SMEs receive the first 50 units free. All households and small enterprises will benefit from a 5% discount on water fees.
The government will also urge internet service providers to lower fees and increase connection speeds to support the rise in remote work.
Prime Minister Prayut Chan-o-cha assured that the government has ample funds (500 billion baht remaining from a 1 trillion baht authorization) to tackle economic challenges posed by the new COVID-19 outbreak, promising effective and timely spending.

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.