Thai Airways hopes to return to operational profit in two years

23 Sept 03:54 Key points summarised by AI

Thai Airways aims for operational profit by 2024, dependent on a smooth reopening of Thailand to foreign tourism.
The airline has significantly reduced operational costs by over 44.8 billion baht through renegotiating contracts, selling assets, and cutting its workforce.
It is seeking 25 billion baht in new loans to cover employee redundancy payments and customer refunds, as a promised government injection of 50 billion baht is now uncertain.
To generate funds, Thai Airways plans to sell its stake in Bangkok Aviation Fuel Services (BAFS) and expand its Puff and Pie bakery franchise.

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.