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Government to lose ฿6bn revenue per year if student loans are interest free

13 Sept 08:22 Key points summarised by AI

A House-approved draft bill proposes exempting student loans from interest and waiving default fines, which Deputy Government Spokesperson Rachada Dhnadirek estimates will cost the government ฿6 billion in annual revenue.
Beyond the lost revenue, the student loan fund incurs approximately ฿2 billion in annual management fees, further impacting government finances.
Since its 1998 inception, the student loan program has disbursed ฿702.31 billion to over 6.2 million students, with 3.5 million actively repaying and 1.6 million having fully repaid their loans.

Yesterday 09:24 Key points summarised by AI

Thailand secured a US$200 million loan from the World Bank to significantly invest in clean energy and low-carbon urban development initiatives.
The program aims to drive clean energy funding and low-carbon growth, ensuring a just transition for small and medium-sized enterprises, workers, farmers, and local communities.
Channelled through the Export-Import Bank of Thailand, the loan will fund energy efficiency upgrades in public buildings and industrial areas, including rooftop solar installations and electrical system modernizations, reducing initial capital burdens via Energy Service Companies (ESCOs).