Thai Senate passes student loan bill

13 Sept 22:26 Key points summarised by AI

The Thai Senate passed a bill to reduce student loan interest rates to 1% annually, explicitly prohibiting compound interest for needy students.
This new legislation grants the student loan committee authority to exempt or lower interest for borrowers with good repayment records, with the bill now returning to the House for final review.

Thailand secures US$200m World Bank loan for clean energy and low carbon cities

Today 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).