Cabinet approves four schemes to stimulate the Thai economy in Q3 and Q4

14 Sept 00:03 Key points summarised by AI

The Thai Cabinet approved four economic stimulus schemes, effective July 1st to December 31st, 2021, designed to ease living costs for 51 million Thais and revitalize the COVID-impacted economy.
Two initial schemes directly support vulnerable populations: welfare card holders and elderly/disabled individuals will receive 200 baht monthly for six months to enhance their purchasing power.
An extended co-payment scheme will benefit 30 million people, providing up to 3,000 baht over six months for food, services, and public transport, aiming to inject 186 billion baht into circulation.
A 'spend more, get more' rebate scheme targets high-purchasing power consumers, offering e-voucher rebates up to 4,000 baht to stimulate domestic spending, with an expected circulation of 268 billion baht.

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.