Human resources and inequality, main issues needing serious attention

13 Sept 13:42 Key points summarised by AI

Economist Dr. Somjai Phagaphasvivat asserts that Thailand's long-term economic stability critically depends on developing human resources, improving education, and seriously addressing the persistent inequality gap.
The COVID-19 pandemic severely exposed the inequality gap, which, if not fixed, will further escalate household debt—already the highest in ASEAN and second in Asia Pacific.
While short-term stimulus and vaccine efforts provide temporary relief, sustained economic recovery requires the government to maintain strong fiscal discipline and fundamentally strengthen Thailand's economic structure by investing in human capital and reducing disparity.

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.