Thailand cuts worker Social Security contributions, extends visa renewal deadlines

13 Sept 07:13 Key points summarised by AI

Thailand's cabinet reduced employee contributions to the Social Security Fund from 3% to 0.5% of salaries for February and March.
The government extended visa renewal deadlines for approximately 1.4 million 'Pink card' holders until July 30th and for 434,784 MOU workers until June 30th.
New migrant workers undergoing registration, estimated at 500,000, will utilize biometric documentation and must undergo private COVID-19 screenings.
To cut costs, the Labour Ministry proposed releasing around 500 detained migrant workers, currently awaiting deportation, to perform unskilled jobs until February 2023.

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.