Thailand’s dilemma: how to shore up economy as infections surge

13 Sept 23:47 Key points summarised by AI

Thailand's economy faces a severe downturn, contracting for five consecutive quarters with a grim Q2 outlook, as COVID-19 infections surge after the Songkran holiday.
The government is easing lockdown measures despite rising caseloads and slow vaccination, aiming to revive economic activity and manage dwindling relief funds, drawing criticism.
Economic recovery is heavily dependent on accelerating vaccine rollout, which faces challenges from public hesitancy and supply shortages, while the Bank of Thailand offers debt relief.

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.