Equity markets drop as painful week ends on sour note

13 Sept 12:32 Key points summarised by AI

Global equity markets concluded a challenging week with widespread losses across Asian and European bourses, driven by escalating COVID-19 concerns and sluggish vaccine distribution.
Major indexes in Tokyo, Seoul, London, and Paris tumbled significantly, reflecting investor apprehension over market valuations and the emergence of new virus variants.
The market downturn was further exacerbated by the ongoing 'David-and-Goliath' battle between retail traders and Wall Street institutions, notably involving GameStop.
Despite the immediate gloom, analysts remain optimistic about long-term market prospects, banking on substantial monetary and fiscal stimulus, an anticipated economic rebound, and effective vaccines.

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.