Will the Phuket Tourism ‘Sandbox’ save Thailand’s holiday island?

15 Sept 03:30 Key points summarised by AI

Thailand proposes a 'Tourism Sandbox' initiative for Phuket, allowing fully vaccinated foreign tourists to enter without quarantine from July 1, pending government approval, to revitalize the island's economy.
The plan prioritizes local safety by requiring 95% of Phuket residents to be vaccinated for herd immunity, a condition that has garnered significant local support due to the severe economic impact of the pandemic.
A major hurdle for the July 1 launch is the uncertain timeframe for vaccine delivery; despite an expected 900,000 doses, a delay in administering both shots by mid-April could jeopardize the scheme's timely implementation.
The economic stakes are high: a successful July 1 launch could generate Bt84 billion in revenue, while a delay until October would significantly cut forecast earnings to Bt54 billion, highlighting the urgency of the 'Sandbox' for Phuket's recovery.

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.