Industrial sector confidence index for June lowest in 12 months

14 Sept 09:01 Key points summarised by AI

The industrial confidence index for June plummeted to a 12-month low of 80.7, marking the third consecutive monthly decline.
This significant drop is primarily attributed to the third wave of COVID-19, which caused surging infections in factories and led to restrictive measures that severely impacted production, sales, and overall industry performance.
Small and medium-sized enterprises (SMEs) have been particularly hard hit, facing challenges from the pandemic's economic fallout and slow vaccination efforts.
While the export sector shows resilience due to global recovery, the overall industrial outlook remains cautious, with future confidence projections also declining amidst persistent pandemic concerns.

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.