S&P Global retains Thailand’s credit rating at BBB+ with stable outlook

14 Sept 02:12 Key points summarised by AI

S&P Global affirmed Thailand's sovereign credit rating at BBB+ with a stable outlook for 2021, consistent with the previous year.
Despite budget deficits due to COVID-19 relief, S&P projects Thailand's GDP to grow 1.1% in 2021 and 3.6% annually from 2022-24, fueled by exports and tourism recovery.
The agency anticipates Thailand's economy will return to pre-COVID levels within two years, supported by ongoing government investment in national strategy projects and infrastructure development.
S&P acknowledged Thailand's strong external finances, citing a current account surplus, high foreign reserves, and credit-supportive monetary and fiscal policies.

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.