Bt5.1 billion to promote “soft power” activities next year

13 Sept 17:07 Key points summarised by AI

The National Soft Power Development Committee (NSPDC) has approved Bt5.1 billion to promote 11 key elements of Thailand's soft power, including food, festivals, music, and Muay Thai.
This initiative involves approximately 10,000 activities, with the Songkran festival, rebranded as “The World Water Festival,” being a central focus.
Songkran is planned to run throughout April next year, primarily in Bangkok, and is projected to generate about Bt35 billion in revenue.
The Bt5.1 billion funding will be distributed across various sectors, with significant allocations for festivals (Bt1 billion), food (Bt1 billion), and tourism (Bt711 million).
The committee aims to secure the necessary funds from the Central Fund, as the 2024 fiscal budget is still awaiting parliamentary approval.

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.