Has the level of happiness in Thailand deteriorated?

15 Sept 04:28 Key points summarised by AI

Thailand's happiness has significantly declined, dropping in global rankings (World Happiness Report 2021) and reaching an all-time low in domestic surveys (Thai Chamber of Commerce 2021) due to economic uncertainties and the COVID-19 pandemic.
Economic anxieties deter consumer spending, with suitability indices for purchasing cars, houses, and travel plummeting as households face job insecurity, high daily expenses, and rising energy costs.
A significant income-expense disparity creates financial strain, particularly in cities like Bangkok where average living costs often exceed average salaries, making it challenging for many to save or meet basic needs.
Experts advocate for government action beyond economic recovery, emphasizing the need to address income inequality and poverty to genuinely enhance the quality of life for Thai people.

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.