Thai restauranteurs struggle to stay afloat amid rising infections

13 Sept 11:09 Key points summarised by AI

Government dining restrictions in "dark red" zones are forcing hundreds of Thai restaurants, from historic family businesses to Michelin-starred establishments, to close down.
Many traditional and fine dining restaurants find take-away and delivery models unsuitable for their dishes, severely impacting their revenue and ability to survive the pandemic.
Restaurateurs criticize the government for abrupt policies and insufficient financial support, prompting some to adapt by downsizing, specializing menus, and increasing local sourcing to mitigate losses.
Industry experts forecast over 50,000 restaurant closures by the end of the crisis, estimating a 100 billion baht damage to the sector and related businesses due to the ongoing restrictions.

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.