Third wave of COVID infections spins new economic risks

13 Sept 09:48 Key points summarised by AI

Thailand's third COVID-19 wave significantly elevates economic risk, with potential costs estimated between Bt60 billion and Bt100 billion if not contained quickly.
Government-mandated closures of entertainment venues in 41 provinces and cancelled Songkran gatherings are dampening public consumption and business activity, further delaying economic recovery.
Experts urge the government to accelerate its vaccination program and extend relief packages, while economic growth projections remain uncertain, heavily dependent on post-Songkran infection rates.
Despite immediate challenges, some optimism persists due to the global economic recovery boosting Thai exports and continued government spending to shore up the economy.

New home loan scheme aims to boost property sector with Bt125 billion

Yesterday 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.