Thai Government to roll out another stimulus package to help retail sector

13 Sept 10:47 Key points summarised by AI

Thailand approved a 45 billion baht stimulus, distributing 3,000 baht to 15 million adults to spend with registered independent vendors, small retailers, and malls.
The retail scheme requires recipients to co-pay 50% of costs, with state support, and is projected to generate 90 billion baht in additional cash flow.
An employment measure allocates 23 billion baht to subsidize 50% of salaries for 260,000 new graduates for 12 months, aiming to support job creation.
The proposed Phuket “travel bubble” model was not approved due to ongoing concerns from local businesses about a potential second wave of COVID-19 infections.

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.