Former staff of fallen COVID insurer rally to demand overdue payments

13 Sept 04:55 Key points summarised by AI

Former employees of the defunct "The One Insurance" are rallying at Thailand's OIC, demanding overdue compensation nearly two months after the company's closure.
Approximately 300 laid-off workers are owed an estimated 82 million baht plus 15% interest, which the Non-Life Insurance Fund is legally mandated to pay within 30 days of a January 14th announcement.
The insurer collapsed due to overwhelming claims from its "Found, Paid, Done" COVID-19 policies, leading to its operating license revocation and sudden mass layoffs that left many unprepared.
Protesters express feeling ignored and warn of continued vigils if their demands for payment are not addressed.

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.