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Thailand’s delicate balancing act of combatting COVID-19 and reviving economy

13 Sept 05:54 Key points summarised by AI

Thailand navigates public anxiety over reopening plans as surging COVID-19 infections and a bumpy vaccine rollout force a partial lockdown in Bangkok and other provinces, balancing health containment with economic revival.
The government faces criticism for inadequate financial support to struggling small businesses and workers, with the public health system reportedly on the brink amid rising Delta variant cases.
Despite concerns, the Phuket Sandbox scheme is set to launch on July 1, allowing vaccinated foreign tourists to enter without quarantine, a crucial step to resuscitate the vital tourism sector.
Economic forecasts are downgraded, highlighting the government's challenge of limited funds for rescue packages and banks' reluctance to cut lending rates, intensifying financial strain on citizens and businesses.
The upcoming two months are pivotal for controlling the virus and ensuring successful reopening initiatives, as failure could erode confidence and jeopardize the nation's economic recovery.

20 Oct 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.