1,000-baht cash handout for domestic tourism gets positive feedback

13 Sept 08:52 Key points summarised by AI

The Thai Finance Ministry reported overwhelming positive feedback for its “Eat, Shop, Spend” program, a Bt1,000 cash handout aimed at boosting domestic tourism.
Over 1 million people registered online on the first day, September 23, exceeding initial expectations, with the government limiting daily registrations to 1 million.
The program targets 10 million recipients, and the Finance Minister ordered an extension for merchant registration to ensure sufficient participating shops.
Part of a larger 316-billion-baht stimulus package, this initiative seeks to increase domestic spending and contribute 0.5 percentage points to the country's economic growth.
In addition to the Bt1,000 allowance, the program offers a 15% cash rebate (up to Bt4,500) on tourism-related spending with participating merchants.

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.