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Flood victims face higher costs for repairs due to rising construction material prices

13 Sept 10:49 Key points summarised by AI

Thai homeowners affected by floods will incur significantly higher repair costs, averaging 100,000 baht per house, a substantial increase from last year due to a 25% surge in construction material prices.
The rising material costs may force homeowners to use lower-specification materials, potentially compromising the safety and structural integrity of their repaired homes.
Despite these challenges, the home building business is growing faster than expected, particularly for expensive houses in the northeast, while the Home Builder Association is establishing new safety standards for home construction.

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).