Thai and Dutch diplomats focused on Thai-EU FTA by year’s end
New home loan scheme aims to boost property sector with Bt125 billion
How Klong Dan project gushed from pollution solution to corruption torrent to expensive lesson
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How Klong Dan project gushed from pollution solution to corruption torrent to expensive lesson
14 Sept 03:19Key points summarised by AI
The Klong Dan wastewater treatment project, initially conceived as a pollution solution, became a notorious corruption case over three decades.
Influential politician Vatana Asavahame was convicted of land fraud and fled, while executives of constructor NVPSKG were also jailed for related offenses.
Despite the project never operating, the government is now compelled to pay NVPSKG nearly 30 billion baht, including substantial interest, for the 95% complete but defunct plant, adding to 20 billion baht already spent.
Dubbed a "stupidity fee," this payment highlights the massive financial burden and the unlikelihood of recovering compensation from convicted officials, leaving a lasting legal and financial quagmire.
New home loan scheme aims to boost property sector with Bt125 billion
Today 11:38Key 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.