Thai economy expected to be affected by global turbulence for 2 more years

13 Sept 15:42 Key points summarised by AI

Thailand's economy is projected to face global turbulence for two more years, leading to contracted export growth and increased domestic inflation due to international conflicts, crises, and market volatility.
A significant boost is expected from tourism recovery, with an anticipated one million monthly arrivals for the remainder of the year.
The Bank of Thailand plans three policy rate hikes by year-end to combat inflation and slow the reduction of foreign reserves.
Despite economic challenges, Thailand has opportunities for new investment and growth in sectors such as electric vehicles, alternative energy, and modern logistics.

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.