Search Results for: economic stimulation
- Business News
Transport Ministry execs visit Phuket to boost economic development
Senior executives from the Ministry of Transport gathered at Phuket Provincial Hall yesterday, engaging in a two-day study tour aimed at boosting economic development in the region through transportation initiatives. This initiative, part of a broader training programme organised by the Ministry of Transport, targets government officials and employees from state enterprises. Running from May 27 to August 16, the…
- Business News
Optimism for Thai stock exchange rebound despite US economic downturn
InnovestX Securities, part of the SCB X Group, expressed optimism about the rebound potential of the Stock Exchange of Thailand (SET) index. The company predicts the index could approach 1,700 points this year, driven by stabilising global interest rates and domestic economic stimulation efforts. The first quarter of 2024, however, could be marked by volatility, with possible economic downturns in…
- Thailand News
Thai elderly to soon receive 10,000 baht cash aid: Finance Ministry
The Ministry of Finance is poised to introduce a one-time cash payment initiative targeting the elderly, as confirmed by Deputy Finance Minister Paopoom Rojanasakul. This proposal, amounting to 10,000 baht, will be presented during the upcoming economic stimulus policy committee meeting scheduled for Tuesday, November 19. This new measure specifically excludes state welfare cardholders and disabled individuals who previously received…
- Business News
Thailand cash handout to boost Q4 GDP growth despite challenges
The Thai government’s initial cash handout is anticipated to boost the national economy in the upcoming months, according to industrial leaders and brokerages. They recommend that the second phase of the handout target individuals with higher purchasing power to prolong economic stimulation. In the first phase, the government distributed 10,000 baht in cash to each of the 14.5 million welfare…
- Thailand News
Digital wallet to the rescue: PM bets on cashing in for Thailand’s economy
Prime Minister Paetongtarn Shinawatra firmly believes that the government’s policy, particularly the digital wallet handout programme, will act as a significant catalyst to regenerate the flailing economy of Thailand. This policy will be officially presented to Parliament over two days, starting tomorrow, as mandated by the constitution, before the government can begin its work. The 38 year old Paetongtarn plans…
- Thailand News
Thailand unveils trillion-baht infrastructure boom
The Government of Thailand is poised to unveil a series of ambitious infrastructure projects, seeking to attract over 1.5 trillion baht in private investment. Prime Minister Paetongtarn Shinawatra is said to outline these initiatives in her policy statement to Parliament on September 12 to 13, focusing on economic stimulation and critical infrastructure enhancements. One of the flagship projects is the…
- Thailand News
High spirits: Thai airports toast Buddhist holidays with alcohol sales
The National Alcohol Beverage Policy Committee, chaired by Deputy Prime Minister Suriya Juangroongruangkit, yesterday convened its third meeting of 2024 at the Parliament Building, to discuss the recent decision to allow alcohol sales in Thailand’s six major airports on Buddhist holidays. The meeting saw the attendance of many key officials, including Deputy Director-General of the Department of Disease Control, Dr…
- Business News
Northeast plans NEC to boost economy at mobile Cabinet meeting
Private sector representatives in the northeast are set to present a series of economic stimulation projects, including the establishment of the Northeastern Economic Corridor (NEC), during the mobile Cabinet meeting in Nakhon Ratchasima on July 2. Hatsadin Suwattanapongchet, Secretary of the Northeastern Industrial Federations, announced that the NEC, traversing Nakhon Ratchasima, Khon Kaen, Udon Thani, and Nong Khai, will emulate…
- Guides
Thailand’s eSports Evolution: A premier southeast asian hub
Thailand is emerging as a premier eSports hub within Southeast Asia, transitioning beyond mere recreational gaming. The nation is alive with fervent activity, uniting competitors committed to excellence and victory, underscored by significant financial stakes. The exponential growth of eSports in this region can be attributed to the dedication of its players, the excellence of its teams, and the unwavering…
- Thailand News
Pita Limjaroenrat’s triumphant return to Parliament after iTV shareholding court case
In a sensational comeback, former Move Forward Party (MFP) leader Pita Limjaroenrat reclaimed his spot in the Parliament today, delivering a scathing critique of the government’s 500-billion-baht digital wallet scheme. The prime ministerial candidate, now leading the opposition, spared no words as he labelled the scheme a potential long-term burden for the country. “I miss the Parliament atmosphere.” Having successfully…
- Thailand News
PM Srettha: Digital wallet scheme will go ahead despite postponement
The eagerly anticipated 500 billion baht digital wallet handout scheme, publicised as the government’s economic lifeline, faces an unexpected delay. Prime Minister Srettha Thavisin announced yesterday, January 19, that the launch of the 500-billion-baht initiative will be postponed pending an inquiry by the National Anti-Corruption Commission (NACC). Brushing off rumours of incorporating the scheme into the 2025 budget, PM Srettha…
- Thailand News
Thailand and Cambodia join forces to tackle transboundary haze pollution
Thailand Prime Minister Srettha Thavisin yesterday unveiled plans to form a joint task force with Cambodia to combat transboundary haze pollution. The decision was made ahead of a scheduled meeting with Cambodian Prime Minister Hun Manet set to take place in Thailand on February 7. The leaders will undertake a joint study tour to Sa Kaeo province, an area severely impacted…
- Tourism News
Thailand’s duty-free dream: Govt’s five-pronged plan to woo tourists and shoppers
In a move to transform Thailand into an irresistible haven for tourists and shoppers alike, the government has unleashed a five-pronged plan that could turn the Land of Smiles into a duty-free paradise. Say farewell to arrival duty-free shops as Thailand aims to redefine its status as the ultimate destination for globetrotters and shopaholics. Government spokesman Chai Wacharonke revealed yesterday,…
- Thailand News
Jatuporn criticises government’s proposed digital wallet scheme
The digital wallet initiative proposed by the government has come under fire from Jatuporn Prompan, a former red-shirt leader and co-leader of the Melting Pot Group. In a livestream on Facebook, Jatuporn voiced his concerns about the ruling Pheu Thai Party’s repeated withdrawal from pledges, including their initial vow not to form a government with ex-coalition parties from the previous…
- Thailand News
Government counters MFP allegations over 10,000 baht digital handout scheme
A counter-strike against the Move Forward Party’s (MFP) allegations has been launched by the government, concerning the unlikely reception of its 10,000 baht digital money handout. The opposition party has claimed that the government, with the details of the scheme unveiled on Friday, is attempting to backpedal on its promise of financial assistance. Prime Minister Srettha Thavisin rebuked MFP Deputy…
- Thailand News
Thailand persists with 10,000-baht digital money giveaway to reboot economy
The Thailand government is standing firm on its decision to proceed with the 10,000-baht digital money giveaway, despite various calls for its reconsideration. The government maintains that while the specifics of the project can be tweaked, the fundamental principle of using it as a tool to reboot the economy remains steadfast. According to Deputy Prime Minister Phumtham Wechayachai, the Thai…
- Bangkok News
Bangkok governor orders strict checks on Chinese-backed businesses after viral TikTok backlash
In light of a viral TikTok video featuring a Chinese expat’s perspective on life in Thailand, Bangkok Governor Chadchart Sittipunt issued an instruction for the Huai Khwang district chief to stringently impose laws on Chinese-backed businesses. This decision occurred yesterday and was instigated by a filmed review of Thailand’s day-to-day life from a non-Thai-speaking Chinese resident’s viewpoint. Showcasing his day-to-day…
- Economy News
Pheu Thai party rally focuses on agriculture, digital wallet policy, and appealing for votes in Nakhon Si Thammarat
The Pheu Thai Party held an enthusiastic rally in Nakhon Si Thammarat, featuring prominent members such as Paetongtarn Shinawatra, candidate for prime minister, and her husband Pik Sukhsawat, as well as party strategist Chaturon Chaisang and director Natthawut Saikua. The candidates for MP seats in their respective districts also echoed the party’s policies and called for local support. During the…
- Covid-19 News
Thai government mulling more relief packages in light of Covid-19 third wave
Thailand’s government is mulling more relief packages to help counteract the country’s third wave of Covid-19. PM Prayut Chan-o-cha has told all economic agencies to fast-track their assessments of how the third wave has impacted the economy, a requirement that must be completed before new relief packages can be detailed. Once the packages have been created, the Centre for Covid-19…
- Thailand News
PM Srettha in talks with BoT chief over handout scheme
Thailand Prime Minister Srettha Thavisin has yet to address Bank of Thailand (BoT) Governor Sethaput Suthiwartnarueput’s staunch opposition to the government’s colossal 500-billion-baht handout scheme. Acknowledging the brewing conflict, PM Srettha admitted he and the central bank governor held divergent views, necessitating urgent discussions. Governor Sethaput, in a candid Bloomberg interview, criticised the sweeping economic stimulus, suggesting it was excessive…
- Thailand News
Thailand PM drives tourism growth, targets 35 million visitors
Prime Minister Srettha Thavisin recently underscored the significance of tourism collaboration to elevate Thailand’s travel industry. The announcement comes on the heels of Maya Bay in Krabi province being named the third-best beach in the world by Lonely Planet, a testament to the country’s natural beauty. Prime Minister Office Spokesperson Chai Wacharongkakul revealed that the prime minister, who also serves…
- Thailand News
BOI unleashes green revolution to fight PM2.5
The Board of Investment’s (BOI) board of directors has given the green light to a comprehensive plan to combat PM2.5 particulate pollution. According to BOI Secretary-General Narit Therdsteerasukdi, a slew of measures has been approved to incentivise investments and drive positive change. The BOI’s strategy involves an expansive approach, extending support for community and social development through investment promotion. This…
- Business News
Thai economy in crisis: Government seeks foreign investment and tackles debt
The economy in Thailand is in crisis and needs some significant stimulation, according to the nation’s Prime Minister Srettha Thavisin, who also acts as the Thai Finance Minister. The nation’s reliance on tourism has been heavily impacted by lower-than-expected foreign arrivals, resulting in a need to prioritise foreign investment and tackle household debt. The 61 year old prime minister made…
- Phuket News
Phuket’s international convention centre supported by new PM
Phuket’s stalled international convention centre project might see new life with Prime Minister Srettha Thavisin‘s promise to revisit it for local economic stimulation. During a recent visit to Phuket and Phangnga, PM Srettha engaged local tourism representatives, acknowledging their suggestions. Thaneth Tantipiriyakij, President of the Phuket Tourist Association, is confident the prime minister and Pheu Thai Tourism committee will seriously…
- Thailand News
225 billion baht Covid-19 stimulus package gets initial approval
Thailand’s cabinet gave initial approval today for a stimulus package of 225 billion baht to provide low-income groups relief from the devastating third wave of Covid-19. The plan to invest nearly a quarter of a trillion baht into financial stimulation measures passed its initial stage today and will be reviewed and voted on within the next few weeks according to…
- Thailand News
Rail mega-project could provide the economy much-needed stimulus
PHUKET MEDIA WATCH – Thailand news selected by Gazette editors for Phuket’s international community Rail mega-project could provide the economy much-needed stimulus The Nation / Phuket Gazette PHUKET: The state railway mega-project recently given the green light in part is expected to offer the economy a much-needed lift, while the funding sources could range from banks and public-private partnerships to…
- Thailand News
Phuket Gazette Thailand News: Highway blockade holds fast as economy braces for B240bn hit
PHUKET MEDIA WATCH – Thailand news compiled by Gazette editors for Phuket’s international community Desperate farmers seek help from King to get rice-scheme payments The Nation / Phuket Gazette PHUKET: Farmers will appeal to His Majesty the King on Thursday over their plight resulting from overdue payments owing from the rice-pledging scheme. A farmer leader, Prakasit Jaemjumrat, said the group…
- Phuket News
Phuket Tourism: TAT in major drive to bring on more tourists
PHUKET: The Tourism Authority of Thailand (TAT) is revising strategies to deal with the economic crisis in Europe and bad situations in the domestic market, such as floods and violence in the South, all of which threaten Thai tourism. Phuket is featured in the plans despite record visitor arrivals during the first half of this year and what some see…
