Thai cabinet to reduce tax on diesel by 3 baht per litre for 3 months

2 Oct 11:32 Key points summarised by AI

The Thai cabinet approved a three-month reduction in excise tax on diesel fuel by an average of three baht per litre.
This measure aims to alleviate the rising cost of living for the general public and is expected to lower consumer goods prices.
Effective immediately until May 20, the tax cut will result in an estimated 17.1 billion baht revenue loss for the government.
The decision follows demands from the Land Transport Federation for a lower diesel price, which had previously been rejected.

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.