Thailand’s Finance Ministry considers launch of new co-payment scheme phase

17 Sept 23:08 Key points summarised by AI

Thailand's Finance Ministry is exploring a 5th phase of its 50:50 co-payment scheme to alleviate the financial burden of rising living costs.
Officials are assessing the fiscal impact and awaiting April's revenue report, noting that the remaining 70 billion baht from a 500 billion baht loan may not suffice, potentially requiring new borrowing.
The scheme's previous phases, particularly the 4th which reached 28 million subscribers, successfully boosted consumer purchasing power and supported economic recovery.
The specific amount per subscriber for the new phase is under discussion, with the Thai Chamber of Commerce proposing 1,200-1,500 baht per head for a three-month period.

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.