Thailand ranked 3rd in ASEAN on Economic Freedom Index

15 Sept 00:33 Key points summarised by AI

Thailand achieved its highest-ever score on the Economic Freedom Index, securing 3rd place in ASEAN and 42nd globally, with an overall score of 69.7.
The country's improved business freedom index (85.3) significantly contributed to its score increase, with The Heritage Foundation acknowledging remarkable progress in expanding economic freedom.
Despite advancements, the report emphasizes the critical need for comprehensive reforms to reduce widespread corruption and enhance judicial effectiveness, identified as the weakest areas in the country.

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.