Thailand approves soft loans worth $1.58 billion to boost property market

BANGKOK (Reuters) – Thailand’s cabinet approved soft loans worth 55 billion baht ($1.58 billion) to boost the property sector, a deputy finance minister said on Tuesday.

The loans are for buying, decorating, repairing and building houses, Paopoom Rojanasakul said.

($1 = 34.7100 baht)