AirAsia to buy Gojek's Thai business for $50 mln in shares

13 Sept 12:11 Key points summarised by AI

AirAsia Group will acquire Gojek's entire Thailand business for $50 million in shares, granting Gojek a 4.76% stake in AirAsia SuperApp.
This acquisition marks a significant strategic shift for AirAsia, accelerating its focus on digital businesses like e-commerce, travel, and financial services, as its airline operations remain impacted by the pandemic.
Gojek will exit the competitive Thai market, which was its smallest overseas operation, to concentrate investment and resources on achieving market leadership in Vietnam and Singapore.
The deal values AirAsia SuperApp at approximately $1 billion, underscoring AirAsia's commitment to expanding its digital footprint and diversifying its revenue streams.

New home loan scheme aims to boost property sector with Bt125 billion

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.