Thai research body predicts a million jobless by year end if pandemic persists

23 Sept 05:46 Key points summarised by AI

Thailand Development Research Institute (TDRI) forecasts one million unemployed by year-end if the COVID-19 pandemic remains uncontrollable, attributing the rise to extensive impacts from partial lockdown measures.
Associate Professor Yongyuth Chalamwong suggests government cash subsidies of at least 100 baht daily to cushion the impact on affected individuals.
Vice President of EconThai, Tanit Sorat, deems current cash support insufficient and proposes long-term measures alongside short-term employment schemes, particularly for 500,000 graduating university students.
Industries most affected include tourism, special services, industrial products, and retailing, contributing to a highly competitive job market with an expected 50% reduction in opportunities in the second half of the year.

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

Today 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.