Little need for “digital wallet” scheme : Bank of Thailand

23 Sept 06:27 Key points summarised by AI

The Bank of Thailand (BOT) informed the House Economic Affairs Committee that the proposed digital wallet scheme is largely unnecessary, citing strong private consumption and a recovering labor market.
The BOT expressed skepticism that the government's predicted economic benefits from the scheme would be fully realized under current conditions.
A Finance Ministry representative could not specify the 560 billion baht funding source for the scheme, only confirming it would not originate from the national budget.
The scheme proposes a one-time 10,000 baht digital payment for all Thais aged 16 and above, to be spent locally within a 4km radius or at Blue Flag shops over six months.
The House committee awaits a comprehensive explanation from the government regarding the scheme's funding and its anticipated impact on the national economy.

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.