Pro-active international economic policy ‘a must’

27 Sept 05:10 Key points summarised by AI

Prioritize CPTPP Accession: Political parties and experts advocate for Thailand to urgently join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) to reconnect with global supply chains and attract crucial investment.
Implement Economic Restructuring: Calls for a shift from low-cost labor to quality trade, fostering new high-tech industries, aligning education with skilled workforce needs, and adapting foreign exchange policies.
Restore International Confidence: Emphasize establishing predictable political discourse, moving away from coups, and forging new diplomatic alliances to regain Thailand's international economic standing and superpower equilibrium.
Streamline Governance & Regulations: Propose a "regulatory guillotine" to repeal outdated laws, unify the tax system, and form a National Economic Council for cohesive economic policy and improved ease of doing business.
Enhance Strategic Communication: Highlight the critical need for clear, consistent communication of Thailand's economic strategy, both domestically and internationally, to attract investment and build global trust.

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.