Government urged to revive ‘Shop Dee Mee Kuen” stimulus in run up to New Year

23 Sept 03:47 Key points summarised by AI

The Thai Retailers Association proposes reviving the "Shop Dee Mee Kuen" stimulus scheme to boost consumer spending during the last two months of the year.
The scheme, suggested for November 15th to the end of December, would allow tax deductions and cover consumers already participating in other government stimulus programs.
The association recommends increasing the individual spending limit from 30,000 baht to 200,000 baht, projecting a 400 billion baht boost to shopping and a 0.7-1% increase in Thailand's growth rate.
Despite an estimated 15-20 billion baht loss in tax revenues, the association argues that the economic recovery from increased cash circulation will more than compensate, especially given the low number of foreign tourist arrivals.

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.