Purple and Red Lines Losing Bt7.4m a Day Since Bt20 Fare Imposed

14 Sept 04:32 Key points summarised by AI

The Purple and Red Line suburban train services are incurring daily operating losses of Bt7.4 million since the Bt20 fare cap was implemented.
Daily revenues of Bt1.3 million fall significantly short of Bt8.7 million in operating costs, directly contributing to the substantial daily deficit.
Despite a 13% increase in daily passengers to 45,725, this rise has not offset the operational expenses under the new fare structure.
Mass transit expert Dr. Samart Ratchapolsitte urges the Transport Minister to investigate the lower-than-expected ridership and expedite capping fares across all city train services to attract more passengers.

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.