Red Line train fare to be reduced to Bt20 by New Year

1 Oct 14:24 Key points summarised by AI

The State Railways of Thailand (SRT) board approved reducing the Red Line train fare to 20 baht from a maximum of 42 baht, targeting implementation by the New Year.
This fare reduction is projected to cost SRT 80 million baht annually in lost revenue, prompting the organization to seek compensation from the government.
Officials anticipate the lower fare will significantly boost daily ridership, which currently sits at 25% of initial estimates, by up to 20% each year.
The decision is part of a broader government pilot project to standardize 20-baht fares on the Red and Purple lines, pending Transport Ministry and Cabinet approval.

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.