Cabinet approves asset warehousing scheme to help debt-ridden businesses

13 Sept 06:32 Key points summarised by AI

The cabinet approved a 350 billion baht financial package, allocating 250 billion for soft loans and 100 billion for an "asset warehousing" scheme.
The asset warehousing scheme enables debt-ridden businesses to use their assets as collateral, with the right to redeem or rent them back, aiming for financial recovery over 3-5 years.
The Bank of Thailand facilitates the scheme, incentivizing financial institutions with a higher interest rate (up to 5%) while facing concerns regarding small businesses' access due to unclear revenue guidelines.

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.