Central Retail Corp invests ฿4.5 bn in Grab Thailand shares

13 Sept 13:09 Key points summarised by AI

Central Retail Corporation (CRC) invested ฿4.5 billion to acquire a significant non-controlling stake in Grab Taxi Holding (Thailand) Company Limited, marking the first time an investor has bought into a local Grab unit.
This strategic partnership aims to strengthen Central's diverse businesses, including restaurants, hotels, and over 30 malls, by leveraging Grab's extensive services and market leadership in Southeast Asia.
The investment aligns with Central Group's vision to develop an omnichannel customer-centric platform, integrating Grab's offerings like food delivery, hotel booking, logistics, and financial services to meet all customer lifestyle needs.

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.