Thailand’s consumer’s confidence index rises while business index falls

12 Sept 02:33 Key points summarised by AI

Thailand's consumer confidence index increased for the first time in seven months, driven by the easing of COVID-19 lockdown restrictions.
Conversely, the business sector's confidence index continued its seven-month decline, primarily due to worries over floods, rising oil prices, and ongoing political instability.
Consumers were more responsive to eased restrictions, leading to increased spending, while businesses remained cautious, grappling with liquidity issues and shrinking consumer purchasing power.
Entrepreneurs are concerned that prolonged flooding could cause significant economic damage and reduce Q4 growth, urging the government to further ease restrictions, encourage foreign arrivals, and implement more economic stimulus packages.

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.