Digital wallet scheme may be delayed until next September : PM’s advisor

24 Sept 13:30 Key points summarised by AI

The Bt10,000 digital wallet scheme may be delayed until next September, according to an advisor to Prime Minister Srettha Thavisin.
Eligibility for the benefit is likely to be adjusted, with high-income earners potentially excluded to ensure greater economic stimulus.
The existing 'pao tang' application is expected to be used for fund distribution, replacing the previously considered new blockchain-based application due to high costs and development time.
The scheme faces warnings of unsustainability and legal risks from a former finance minister, while an economist supports its potential to stimulate the economy and tourism.

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.