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More private schools in Thailand to close due to pandemic related cashflow problems

15 Sept 21:24 Key points summarised by AI

Approximately 70 private schools in Thailand have already closed due to COVID-19 impacts, with an additional 100, including the well-known Amnuaysilpa Thonburi School, expected to follow suit.
Schools face severe cash flow problems stemming from 1 billion baht in uncollected student fees and student withdrawals, forcing many teachers to accept half-salaries to mitigate financial strain and retain their positions.
Beyond the pandemic, a significant contributing factor to declining student enrollment is Thailand's low birth rate over the past 5-10 years, further challenging the sustainability of private educational institutions.

Yesterday 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.