Record 870,000 Thais unemployed in Q3 2021, household debt surges 5% - NESDC

13 Sept 13:03 Key points summarised by AI

Thailand registered a record 870,000 unemployed individuals in Q3 2021, largely due to COVID-19 lockdowns, with college graduates and younger age groups facing significant job losses.
Household debt surged 5% in Q2 to 14.27 trillion baht (89.3% of GDP), highlighting growing financial strain and increasing non-performing loans, particularly from credit card debt.
The labor market saw mixed impacts; while construction and hospitality sectors experienced declines, farming, production, retailing, and transport sectors reported increased employment.

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

Yesterday 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.