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Thailand’s 'modern trade' confidence at lowest point in 3 years due to pandemic

13 Sept 21:39 Key points summarised by AI

Thailand's 'modern trade' confidence index plummeted to a three-year low of 45.3 in Q2, with further decline anticipated, reflecting severe impacts from the pandemic and government restrictions.
Retail businesses have incurred an estimated 270 billion baht in losses over seven months, affecting over 1.2 million SMEs and 10 million workers within the modern trade supply chain.
Curfew and travel restrictions have severely disrupted supply chains, reducing the transport of essential goods, particularly fresh produce, by approximately 30%.
Industry leaders are urging the government to ease restrictions, enhance financial support schemes like the 50:50 co-payment and 'Shop Chuay Chart,' and reduce utility and land taxes for businesses to mitigate economic damage.

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.