฿1-2bn Baht per day loss expected due to new restrictions - Commerce Chamber

13 Sept 09:48 Key points summarised by AI

New COVID-19 restrictions across Bangkok and nine provinces are projected to cause a daily revenue loss of ฿1-2 billion Baht, leading to an economic contraction of 0.1%-0.3%.
The Thai Chamber of Commerce advocates for swift, temporary restrictions, accelerated vaccination efforts, and direct compensation for the hospitality and food and beverage sectors.
Key restrictions include a re-imposed dine-in ban, limits on gatherings, and closures of entertainment venues, impacting businesses shortly after previous relaxations.
Industry leaders from both the Chamber of Commerce and the Federation of Thai Industries urge public cooperation, state compensation for affected businesses, and rapid vaccination of essential workers to control the spread and mitigate economic impact.

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.