APEC region’s economy to grow by 6% in 2021

14 Sept 00:56 Key points summarised by AI

APEC's economy is projected to expand by 6% in 2021, before slowing to 4.9% in 2022 due to the anticipated reduction of fiscal and monetary support.
Merchandise trade experienced double-digit growth in the first half of 2021, driven by a rebound in activity and strong demand for COVID-19 related goods.
Concerns are mounting over a significant decline in green-field investments, reaching a 20-year low, and rising inflation, which hit 2.6% in the first nine months of 2021.
APEC leaders are urged to facilitate a gradual economic reopening, revive crucial sectors like travel and tourism, and integrate economic, trade, and health policies to ensure sustainable recovery and address climate change.

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.