Third phase of consumer co-payment scheme expected in May

14 Sept 00:42 Key points summarised by AI

Thailand's Finance Ministry is preparing the third phase of its 50:50 co-payment scheme, anticipated for a May launch, to stimulate domestic consumption.
Current participants in the co-payment scheme will need to reconfirm their eligibility through the "pao tang" app, with specific details on recipient limits still under review.
The Thai cabinet also approved the third phase of the "We Travel Together" tourism scheme, expanding benefits to an additional two million people.
To combat past irregularities, the "We Travel Together" scheme will implement stricter measures, including 7-day advance hotel bookings, facial scans before check-in, and a 600 baht daily e-voucher cap.

New home loan scheme aims to boost property sector with Bt125 billion

20 Oct 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.