AirAsia renamed Capital A to show it's more than an airline

23 Sept 02:33 Key points summarised by AI

AirAsia Group's listed holding company has rebranded to Capital A, signifying its evolution beyond solely an airline business.
The strategic shift aims to transform the group into a "one-stop digital travel and lifestyle services group," expanding into diverse sectors like logistics, engineering, venture capital, and digital applications.
Capital A projects that its non-airline businesses will contribute 50% of its total revenue by 2026, underscoring a significant pivot in its operational focus.
Despite financial challenges faced during the pandemic, the company reports strong recovery in domestic travel and anticipates a return to normal international capacity by the third quarter of 2022.

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.