Thai cabinet to be asked to extend consumer spending stimulus schemes

Thai people may get to enjoy the benefits of the 50:50 co-payment and “Shop Dee Mee Kuen” (The More You Spend the More You Get) schemes until end of January, as the Finance Ministry considers extending the two economic stimulus measures.

Finance Minister Arkhom Termpittayapaisith said that the ministry will submit a proposal to extend the two schemes for another month to the cabinet on December 21st.

The programs are currently in their third phase, having been twice renewed, but are due to expire at the end of this month.

Earlier this week, Thai Chamber of Commerce president Sanan Angubolkul proposed that the government extend the schemes, claiming that they help to boost consumer purchasing power and stimulate economic recovery.

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