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InfoQuest

Thai MOF proposes to adjust Chim-Shop-Chai policy to stimulate spending during the Spring Festival

January 15, 2020


Abstract : Thai Ministry of Finance (MOF) proposed to extend the coverage of "Chim-Shop-Chai (Taste-Shop-Spend)" policy by including consumption in shopping malls into "cash back" scope to stimulate public spending during the Spring Festival from January 24 to 25.

InfoQuest (January 14, 2020) -- Thai Prime Minister Prayut Chan-o-cha presided over today's cabinet meeting as chairman, said the Information Office of Chaeng Watthana Government Complex. Among others, the Ministry of Finance (MOF) proposed to extend the coverage of "Chim-Shop-Chai (Taste-Shop-Spend)" policy by including consumption in shopping malls into "cash back" scope to stimulate public spending during the Spring Festival from January 24 to 25.

According to the authority's stipulation, consumption in shops, food and beverage stores, local stores, OTOP community product stores, community business stores, places that provide accommodation services such as hotels, resorts and homestays, medical institutions, and blue-flag shops is among the cashback scope. For consumption not more than 30,000 Thai baht, a 15 percent cashback will be offered, and for that between 30,000 Thai baht and 50,000 Thai baht, the cashback level will be lifted to 20 percent. As the Spring Festival holiday is approaching, this adjustment will gain more momentum for the policy scheduled to end on January 31, 2020 in spurring the economy.

In addition, this policy's fourth phase is projected to be submitted to the cabinet meeting within 1-2 weeks.

Moreover, the Ministry of Tourism and Sports proposed to renew a five-year contract of hosting the MotoGP World Championship in 2021-2025.

The Ministry of Justice submitted the 2019 work report of the Committee to Receive Complaints and Investigate Allegations of Torture and Enforced Disappearance.

Source: InfoQuest, by Tanit Tongnok/Rachada/ Wilawan, translated by Xinhua Silk Road

Notice: No person, organization and/or company shall disseminate or broadcast the above article on Xinhua Silk Road website without prior permission by Xinhua Silk Road.


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Keyword: consumption policy Thai MOF

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