Thailand’s inflation in March highest in 13 years, likely to increase

14 Sept 01:53 Key points summarised by AI

Thailand's March inflation surged to a 13-year high of 5.73% year-on-year, primarily driven by escalating prices for oil, electricity, and food.
The Commerce Ministry revised its 2022 inflation forecast significantly upward to 4.5%, from an earlier projection of 0.7%-2.4%.
Energy-related goods experienced a substantial 32.43% price increase in March, with oil prices rising 31.43% and electricity charges climbing 39.95%.
Inflation is expected to rise further in April due to the ongoing conflict in Ukraine and continued global oil price volatility.

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.