Government mulls new economic stimuli to be rolled out in February

14 Sept 01:29 Key points summarised by AI

The Thai Government plans to launch a new economic stimulus package in February to boost domestic spending and business investment, countering the economic slowdown and reduced tourism.
The package features an updated version of the 'Chim-Shop-Chai' program, with 12.6 million registered participants eligible, alongside incentives for domestic tourism.
A key measure offers a significant tax incentive, allowing companies to deduct 2.5 times their investment in new machinery from taxable revenues.
These stimuli are projected to boost domestic investment by 110 billion baht and increase the economic growth rate by 0.25%.

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.