Tourism, investments expected to take off as Thailand reopens on Nov 1

13 Sept 12:14 Key points summarised by AI

Thailand is set to reopen to foreign visitors from November 1, eliminating mandatory quarantine for travelers from 10 low-risk countries to revive its economy.
Business leaders widely anticipate an influx of foreign tourists and investors, projecting significant boosts for the tourism, MICE (Meetings, Incentives, Conventions, and Exhibitions), and Eastern Economic Corridor (EEC) sectors.
Despite strong economic optimism and a surge in investment applications, concerns persist regarding potential COVID-19 infection spikes due to current low vaccination rates and the urgency for accelerated vaccine distribution.
The reopening is critical for Thailand's tourism-dependent economy, which experienced a severe downturn, though overall economic growth for the year is still projected to be modest.

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.