Vaccination delay threatens another downward spiral for Thai economy

1 Oct 05:08 Key points summarised by AI

Thailand's economy faces a severe downturn, with growth forecasts slashed (e.g., to 1.8% by Kasikorn) due to a surging COVID-19 wave and critically slow vaccination progress.
The nation's low vaccination rate (0.82% by April 19) is drawing heavy public criticism towards the government, particularly Prime Minister Prayut, for ineffective vaccine procurement and distribution.
Delayed vaccinations threaten to postpone the vital return of foreign tourists and further exacerbate domestic consumption issues, with millions already jobless and incomes falling.
Business leaders are actively pressing for accelerated vaccine distribution, offering private sector support to import doses and establish vaccination points to reach targets faster.

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

Today 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.