Prayut and his economic team facing unprecedented test of crisis management

14 Sept 06:49 Key points summarised by AI

Thailand's economic leadership, spearheaded by PM Prayut Chan-o-cha, faces immense pressure to navigate the COVID-19 induced crisis amid rapidly eroding public confidence.
Deputy PM Supattanapong's controversial advice for citizens to spend savings to stimulate the economy drew sharp criticism, exposing a disconnect with the public's reality of falling incomes and job losses.
Economists and critics fault the government's slow and single-brand-reliant vaccine procurement strategy, deeming it a failure in crisis management that delays mass vaccination and economic recovery.
Despite recommendations for more aggressive fiscal action, the government maintains a conservative approach to spending and borrowing, which critics argue hinders effective crisis response and economic rehabilitation.

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.