Government considers energy conservation campaign as global oil prices rise

13 Sept 10:39 Key points summarised by AI

Prime Minister Prayut Chan-o-cha launched a national energy conservation campaign, mandating a 20% reduction in energy consumption and a 10% cut in fuel use, led by the public sector, in response to rising global oil prices.
The government will implement measures to support low-income earners and maintain consumer product prices, while the PM encourages public participation through actions like reducing private car use and efficient energy consumption at home.
To alleviate the impact of high fuel costs, the cabinet approved a temporary zero excise tax on diesel and bunker oil for electricity generation until September 15th and plans to import additional fuel volumes to secure power supply.

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.