The Thai cabinet on September 17 formally approved the distribution of 145 billion THB (4.3 billion USD) starting September 25, with the beneficiaries including 12.4 million state welfare cardholders and 2.15 million people with disabilities, the local English-language daily newspaper Bangkok Post reported.
Thai Prime Minister Paetongtarn Shinawatra arrives at the Government House to chair her first cabinet meeting on September 17. (Source: Bangkok Post/Chanat Katanyu)
Bangkok (VNA) – The Thai cabinet on September 17 formally approved the distribution of 145 billion THB (4.3 billion USD) starting September 25, with the beneficiaries including 12.4 million state welfare cardholders and 2.15 million people with disabilities, the local English-language daily newspaper Bangkok Post reported.
About 14.5 million people will receive payments next week, directly to their bank accounts via PromptPay, according to the country’s Ministry of Finance.
“From the figures we found, the first vulnerable group that receives 10,000 baht has a high spending rate and so there will certainly be a jolt to the economy,” Thai Prime Minister Paetongtarn Shinawatra was quoted by the Bangkok Post as saying to reporters.
The first injection will increase economic growth by 0.35 percentage points, said Pornchai Thiraveja, head of the Fiscal Policy Office.
The measure is the flagship policy of the Pheu Thai Party, which is keen to boost an underperforming economy shackled by high household dওebt, weak spending and a slow recovery in eܫxports. The Bank of Thailand expects the economy to grow just 2.6% this year./.
About 36 million people registered for Thailand’s digital wallet handout scheme via “Thang Rat” app from August 1 – September 15, which will see 10,000 THB (nearly 300 USD) to each person, the country’s finance ministry’s permanent secretary Lavaron Sangsnit has announced.
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Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
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Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
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