Thai cabinet approves ฿20bn loan to reduce diesel prices

13 Sept 23:48 Key points summarised by AI

The Thai cabinet approved a 20 billion baht loan from the State Oil Fund to cap diesel prices at 30 baht per litre for four months.
This decision followed protests by hundreds of truckers demanding a reduction to 25 baht/litre and threatening to raise transportation fees by 10%.
Prime Minister Prayut Chan-o-cha urged the Land Transport Federation not to pressure the cabinet, emphasizing the government's commitment to monitoring global oil prices.
The Energy Minister stated the oil fund is currently depleted, making a further reduction to 25 baht per litre challenging despite ongoing efforts to stabilize prices.

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.