Excise tax on diesel cut by five baht/litre for two months amid high prices

23 Sept 02:02 Key points summarised by AI

The Thai cabinet approved a 5 baht/litre cut in excise tax on diesel for two months, effective May 21, to alleviate the financial burden on consumers.
This new measure replaces a previous 3 baht/litre tax cut and is expected to cost the state approximately 20 billion baht in lost revenue.
Prime Minister Prayut Chan-o-cha noted the government's challenge in subsidizing all fuel types due to budget constraints, revealing that total oil subsidies have already cost taxpayers about 70 billion baht and led to the Fuel Fund operating at a deficit.

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.