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Govt. rolls out more schemes to stimulate Thailand’s sluggish economy

Govt. rolls out more schemes to stimulate Thailand’s sluggish economy

23 Sept 06:10 Key points summarised by AI
  • Thailand's cabinet approved a suite of measures to boost the economy and increase citizens' purchasing power and liquidity, addressing the economic impact of the COVID-19 pandemic.
  • Key financial aid includes a third phase of the 50:50 co-payment scheme providing 3,000 baht to 31 million people, an e-voucher scheme offering up to 7,000 baht, and additional monthly support for Pracharat cardholders and those requiring special assistance.
  • The 'Rao Chana scheme' was extended, and government banks will provide 10,000 million baht each in soft loans at a low 0.35% interest rate to farmers, small business operators, and the public.
  • Further relief includes a 10% tap water rate cut for households and small businesses, alongside free electricity for the first 90 units for households consuming under 150 units.
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