Asian markets stumble on stimulus timing and size

8 Oct 11:24 Key points summarised by AI

Asian markets experienced significant declines, driven by concerns that President Biden's proposed $1.9 trillion stimulus package could be delayed or reduced in size due to Congressional negotiations.
Investor sentiment was further dampened by surging global virus infections, ongoing lockdowns, and setbacks in vaccine distribution, with the WHO warning about the slow progress towards stopping transmission.
Major Asian bourses, including Hong Kong, Shanghai, and Tokyo, posted losses, exacerbated by factors such as the People's Bank of China tightening liquidity and South Korea's economy recording its worst year since 1998.

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

20 Oct 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.