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Cabinet approves new stimulus plan

Cabinet approves new stimulus plan

New phases of co-payment, shop and refund programmes win nod

People shop for New Year gift baskets at Siam Paragon in Bangkok on Dec 9. (Photo by Apichart Jinakul)

The cabinet on Tuesday approved another package of measures to boost consumption and support an economy still struggling with the collapse of its vital tourism sector.

The measures include a tax deduction of 30,000 baht for shoppers, an extension of the existing co-payment scheme and a cut in property transfer fees, government spokesman Thanakorn Wangboonkongchana told a news conference after the meeting.

The fourth phase of the popular co-payment scheme in which the government subsidises half of the spending at small stores will likely take place in March and…

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