Thailand economy shrinks most since 1997 on tourism collapse

13 Sept 23:50 Key points summarised by AI

Thailand's economy experienced its worst contraction since 1997, shrinking 6.1% in 2020, primarily due to the pandemic's severe impact.
The collapse of the crucial tourism sector, which saw an expected 40 million visitors vanish, devastated the country's services industries.
Ongoing political instability and youth-led protests are further eroding investor confidence, complicating economic recovery efforts despite a 1.9 trillion baht stimulus package.

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.