Krung Thai and Government Savings banks offer ฿5Bn loan to Oil Fuel Fund

23 Sept 03:07 Key points summarised by AI

Two state-run banks, Krung Thai and Government Savings, offered a 5 billion baht loan to the Oil Fuel Fund to address its severe liquidity issues.
The loan aims to ease the Fund's estimated 129 billion baht debt, accumulated from subsidizing fuel and LPG prices amid rising global oil costs.
This 5 billion baht is the first tranche of a larger 30 billion baht loan package, guaranteed by the Finance Ministry, which is inviting bids from various financial institutions for subsequent tranches.

Lamphun in a New Light

Today 15:02 Key points summarised by AI

Lamphun illuminates its ancient city with two concurrent light festivals: the high-tech VIJIT Thailand @ LAMPHUN and the traditional Hundred Thousand Lantern Festival.
VIJIT Thailand @ LAMPHUN transforms historic landmarks into an outdoor gallery, using projections and multimedia to animate Lamphun's history, including Queen Chamadevi's story.
The Hundred Thousand Lantern Festival, part of Yi Peng, fills temples and streets with countless traditional lanterns, symbolizing Buddhist devotion and personal wishes.
These festivals offer a unique after-dark experience, blending contemporary light art with centuries-old Lanna traditions, connecting visitors to Lamphun's past and faith.