Thailand’s consumer confidence index for May lowest for 22 years

15 Sept 04:07 Key points summarised by AI

Thailand's Consumer Confidence Index (CCI) for May dropped to 44.7, marking its lowest point in over 22 years and eight months.
This sharp decline is attributed to the widespread anxiety caused by the third wave of the COVID-19 pandemic and ongoing political instability, leading to reduced consumer spending.
Despite the current low, a slight recovery in the CCI is anticipated for June due to increased vaccinations, with an optimistic forecast of two percent economic growth for the year.

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.