PM to press ahead with “digital wallet” despite protests from academics

2 Oct 11:31 Key points summarised by AI

Prime Minister Srettha Thavisin reaffirms the government's determination to launch the 560 billion baht digital wallet scheme early next year, despite significant opposition from academics.
The scheme will provide 10,000 baht to every Thai national aged 16 and above, usable for six months within a 4km radius or at designated shops, with the PM assuring an ID card is sufficient for participation.
A group of 99 economics professors, including former central bank governors, strongly advises against the program, arguing it's unnecessary given projected economic growth and risks increasing inflation.
Critics also warn the scheme diverts funds from more impactful investments like infrastructure and creates social injustice by distributing money universally, including to the wealthy who do not require it.

New home loan scheme aims to boost property sector with Bt125 billion

Yesterday 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.