Thai private sector forecasts 2024 growth of 2.8-3.3%

13 Sept 19:22 Key points summarised by AI

Thai private sector projects 2024 economic growth at 2.8-3.3%, primarily driven by the government's "digital wallet" scheme.
Despite the forecast, the economy remains fragile, threatened by global slowdowns, domestic issues, and high debt, potentially limiting growth below 3%.
The private sector strongly advocates against proposed electricity price hikes for January-April, warning they would significantly escalate industrial production costs.
Key recommendations include prioritizing economic restructuring, boosting global competitiveness, accelerating FTA negotiations, and attracting foreign investment to strengthen the economy.

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

Today 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.