Asian markets a sea of red as virus woes add to correction fears

13 Sept 11:05 Key points summarised by AI

Asian markets suffered significant losses, mirroring downturns in New York and Europe, driven by a perfect storm of concerns including slow vaccine rollouts, surging COVID-19 infections, and a stuttering economic recovery.
The Federal Reserve acknowledged a moderated pace of economic recovery and maintained an uncertain outlook, reinforcing investor fears about the global economy and potentially overvalued markets.
Widespread vaccine supply issues and disputes, alongside the Chinese central bank's liquidity withdrawal and uncertainty surrounding the US stimulus package, further dampened market sentiment across major financial hubs.
Analysts anticipate continued market volatility and potential further corrections in the short term, despite maintaining a constructive long-term outlook on global economic fundamentals.

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.