Housing sales stumble after LTV rules

The Greater Bangkok housing market dropped by 13% in the first half after the Bank of Thailand’s new loan-to-value (LTV) limits took effect on April 1, according to SET-listed developer Pruksa Holding Plc (PSH). Source: Business

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GSB weighs lowering rates

The state-owned Government Savings Bank (GSB) will hold an executive board meeting next Tuesday to consider whether it will pass on the central bank’s 25-basis-point rate cut. Source: Business

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Domestic travel subsidy in stimulus

A 1,500-baht cash handout for domestic travel will be available to 10 million people in the economic stimulus package, aimed at bolstering the country’s economic growth to 3.5% this year, says a source familiar with the discussions. Source: Business

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CP chief discusses automation

Adopting sophisticated technologies to drive operations is high on Charoen Pokphand (CP) Group’s agenda, as one of Thailand’s largest conglomerates works to enlarge its footprint during the fourth industrial revolution, says chief executive Suphachai Chearavanont. Source: Business

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