Economy must come before politics in Thai Cabinet reshuffle, say experts

13 Sept 07:12 Key points summarised by AI

Experts urge the upcoming Thai Cabinet reshuffle to prioritize economic recovery, appointing highly competent ministers to tackle the nation's severe economic crisis.
Thailand faces its worst economic contraction in over two decades, struggling with a 'middle-income trap' due to poor human capital, a failing education system, and slow digital transformation.
New Digital Economy and Society (DES) and Education ministers must focus on good governance, transparency, and policy continuity to improve human capital and digital capabilities.
Business leaders emphasize the need for new ministers to work cohesively with full authority and integrity, warning that political instability further erodes foreign investor confidence.

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.