Commerce Ministry ready to withdraw sugar from controlled product list

1 Oct 15:39 Key points summarised by AI

Commerce Minister Phumtham Wechayachai indicated readiness to remove sugar from the price-controlled products list, pending agreement from all stakeholders.
Sugar was added to the controlled list by the Central Committee on Prices of Goods and Services (CCPGS) following a 4 baht/kg price increase by the Sugar and Sugarcane Committee, effective November 2nd.
Sugarcane millers, who initially threatened to suspend operations in protest, have now assured continued supply after a new committee was formed to address the sugar price issue.
The Sugar and Sugarcane Committee has set new retail prices for white and pure white sugar at 23 baht and 24 baht/kg, respectively, for the 2023-24 harvest.

New home loan scheme aims to boost property sector with Bt125 billion

Yesterday 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.