Joint venture between telecom giants True, Dtac announced

13 Sept 15:23 Key points summarised by AI

Thai telecom giants True (CP Group) and Dtac (Telenor Group) announced an "equal partnership" for a US$200 million joint venture.
The venture will strategically invest in tech start-ups, focusing on emerging digital services like IoT, AI, and Cloud to foster innovation.
This collaboration aims to adapt to the rapidly changing telecom landscape, empower digital entrepreneurs, and propel Thailand's digital economy and prosperity.
The new entity intends to secure additional venture capital (USD 100-200 million) for investments, with regulatory discussions ongoing regarding the potential merger.

New home loan scheme aims to boost property sector with Bt125 billion

Today 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.