Hopewell, the ‘ghost’ transport project still haunting Thailand 3 decades on

13 Sept 18:42 Key points summarised by AI

A recent Constitutional Court ruling offers Thailand a potential escape from a Bt25.4 billion compensation order for the long-defunct Hopewell elevated transport project.
The Bt80-billion project, initiated in 1990, was plagued by delays and political instability, leading to its cancellation in 1998 with only 10% completion, leaving behind unfinished structures.
The court's decision overturned a 2002 resolution on the statute of limitations, potentially invalidating Hopewell's original claim and offering new grounds for the government to avoid payment.
This ruling is considered "new evidence" that could warrant a retrial, potentially absolving the State Railway of Thailand and Transport Ministry from the substantial compensation previously ordered.

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.