Thailand’s new entry fee – boon or bust for tourism?

13 Sept 06:14 Key points summarised by AI

Thailand plans to implement a 300 Baht entry fee for most foreign visitors starting April 1st, aiming to generate revenue for tourism and cover medical expenses.
The fee addresses the burden of unpaid medical bills left by foreign tourists, which previously cost Thai taxpayers millions, and provides visitors with medical insurance coverage.
Funds collected will be distributed among insurance premiums, a tourist attraction development fund, and operational costs, including payments to airlines for collection.
Industry experts express concern that the new fee, despite its small amount, could potentially deter tourists and hinder the post-pandemic recovery of Thailand's vital tourism sector.

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.