Connect with us

Economy

2000 baht handouts for low-income Thais

Greeley Pulitzer

Published 

 on 

2000 baht handouts for low-income Thais | The Thaiger
PHOTO: The Finance Ministry's cash handout proposal has been approved by the Council of Economic Ministers - The Nation
  • follow us in feedly

Thailand’s Council of Economic Ministers today endorsed a Finance Ministry proposal to provide low-income Thais 2000 baht each via an e-payment channel.

Finance Minister Uttama Savanayana said after a meeting this afternoon that there will be a 1000 payment for two consecutive months for low-income earners, farmers and freelancers. The number of people eligible has yet to be calculated.

The cash handout is among the ministry’s first set of relief measures in response to an economy hammered by the Covid-19 coronavirus outbreak.

The ministry will present the full package to the Cabinet next week.

Uttama previously mentioned other measures including soft loans to commercial banks from the Government Housing Bank to be distributed among affected businesses, and tax incentives to discourage companies from laying off staff.

SOURCES: The Nation | The Thaiger

Keep in contact with The Thaiger by following our Facebook page.

Coronavirus (Covid-19)

Thai banks cut lending rates to ease Covid-19 fallout

Anukul

Published

on

Thai banks cut lending rates to ease Covid-19 fallout | The Thaiger
PHOTO: Thethaiger.com

Today the Bank of Thailand, in a joint effort with the Financial Institutions Development Fund, eased debt repayment requirements, in bid to help people affected by the Covid-19 virus who are unable to pay monthly minimums.

Kasikornbank (KBank) and Siam Commercial Bank (SCB) are also planning to reduce their prime lending rates by 40 basis points. The KBank co-president Predee Daochai says that the KBanks’ new prime lending rates which take effect tomorrow consisting of:

  • The minimum lending rate (MLR) will be reduced to 5.60% from 6%
  • The minimum overdraft rate (MOR) to 6.22% from 6.62%
  • The minimum retail rate (MRR) to 6.10% from 6.50%

“The bank’s deposits rates will remain unchanged and the rate cuts are part of KBank’s debt relief measures for customers during the Covid-19 pandemic.”

Thai banks cut lending rates to ease Covid-19 fallout | News by The Thaiger

The head of SCB Bank Arthid Nanthawitthaya announced new leading rates…

  • MLR will be reduced to 5.375% from 5.775%,
  • MOR to 6.095% from 6.495%
  • MRR to 6.345% from 6.745%,

Thai banks cut lending rates to ease Covid-19 fallout | News by The Thaiger

The latest rate reduction aims to lighten the financial burden of the bank’s retail and corporate customers amid the economic downturn stemming from the coronavirus crisis.

SOURCE: Bangkok Post

Keep in contact with The Thaiger by following our Facebook page.
Continue Reading

Coronavirus (Covid-19)

Government doubles cash stimulus period for informal workers

Greeley Pulitzer

Published

on

Government doubles cash stimulus period for informal workers | The Thaiger
PHOTO: Thai PBS World

The Thai government is doubling the period of monthly cash handouts for “informal workers,” from 3 months to 6. Finance Minister Uttama Savanayana made the announcement after yesterday’s weekly Cabinet meeting.

The government initially only planned to provide cash to 3 million people for 3 months. The new stimulus marks a huge investment by the Thai government to keep the economy chugging along whilst the impacts of shutdowns keep people indoors.

The government intends to provide 5,000 baht in cash per month to 9 million Thai people, starting today until September. The stimulus aims to offset the effects of business closures and high unemployment due to the national state of emergency declared to fight the spread of the Covid-19 coronavirus.

More than 24 million people have so far registered for the handout via the government’s website and the Finance Ministry is in the process of screening who could be eligible. The relief measure covers people who do freelance jobs, are self-employed or are workers in the “informal sector,” such as motorbike taxi drivers (win drivers).

SOURCE: The Nation

Keep in contact with The Thaiger by following our Facebook page.
Continue Reading

Coronavirus (Covid-19)

1.9 trillion baht stimulus aims to relieve Covid-19 impacts on Thai business

Anukul

Published

on

1.9 trillion baht stimulus aims to relieve Covid-19 impacts on Thai business | The Thaiger
FILE PHOTO: posttoday.com

Today, on the weekly meeting with the Thai Cabinet, it was concluded and approved that the third phase of the economic stimulus will commence as of today. The stimulus is valued at 1.9 trillion baht and is aimed to relieve some of the impacts of the Covid-19 outbreak.

PM Prayut Chan-o-cha revealed that the third phase of economic stimulus measures consists of three emergency decrees…

  • The first decree will transfer 80 billion baht to 100 billion baht to the central budget to use as stimulus funds.
  • The second will permit the Bank of Thailand to use up 900 billion baht for moves to boost the economy.
  • The third decree allows the Finance Ministry to borrow up to 1 trillion baht, of which 600 billion baht will be used for cash handouts and public health and 400 billion baht will be spent on economic recovery measures (in addition, there will be another 80 billion baht to 100 billion baht available after rearranging the budgets of government authorities).

Meanwhile, the Bank of Thailand will allocate 500 billion baht in soft loans at 2% interest rates to aid the economy, especially to small and medium enterprises, with credit lines of up to 500 million baht. In addition, the BOT will instruct commercial banks and government financial institutions to allow SMEs with loans not exceeding 100 million baht to postpone principal debt and interest payment for 6 months.

Government spokesperson Narumon Pinyosinwat says “the Cabinet has also approved the Finance Ministry’s draft regulations to disregard import duty for materials that can be used to cure, diagnose or prevent the Covid-19 virus.”

The waiver has been in effect since March 26 and will be valid until September 30.

SOURCE: The Nation / The Nation

Keep in contact with The Thaiger by following our Facebook page.
Continue Reading
ผู้ติดเชื้อ COVID 19 จะแสดงอาการอย่างไรในแต่ละวัน | The Thaiger
สื่อไทย2 weeks ago

ผู้ติดเชื้อ COVID 19 จะแสดงอาการอย่างไรในแต่ละวัน

Covid-19 กำลังทดสอบประเทศของเราและสังคมของเรา ชีวิตสุขภาพและงานถูกคุกคาม | The Thaiger
สื่อไทย3 weeks ago

Covid-19 กำลังทดสอบประเทศของเราและสังคมของเรา ชีวิตสุขภาพและงานถูกคุกคาม

ส้มตำปลาร้า อีสานอินดี้ | The Thaiger
สื่อไทย1 month ago

ส้มตำปลาร้า อีสานอินดี้

Thailand News Today – March 6, 2020 | The Thaiger
Thailand1 month ago

Thailand News Today – March 6, 2020

คนถนัดซ้ายและขวา ต่างกันยังไง | The Thaiger
สื่อไทย1 month ago

คนถนัดซ้ายและขวา ต่างกันยังไง

เกมหนอน slither io เล่นกับเพื่อน | The Thaiger
สื่อไทย1 month ago

เกมหนอน slither io เล่นกับเพื่อน

รีวิวมาม่าที่แพงที่สุดใน 7-11 | The Thaiger
สื่อไทย1 month ago

รีวิวมาม่าที่แพงที่สุดใน 7-11

Thailand News Today, February 28, 2020. Daily TV news update. | The Thaiger
Thailand1 month ago

Thailand News Today, February 28, 2020. Daily TV news update.

หัดตีกอล์ฟครั้งแรกในชีวิต คิดว่าตีโดนมั้ย | The Thaiger
สื่อไทย1 month ago

หัดตีกอล์ฟครั้งแรกในชีวิต คิดว่าตีโดนมั้ย

สื่อนอกตีข่าว ช่อ อภิปรายรัฐบาลพลเอกประยุทธ์ เอี่ยวคดี #1MDB | The Thaiger
ข่าวการเมือง2 months ago

สื่อนอกตีข่าว ช่อ อภิปรายรัฐบาลพลเอกประยุทธ์ เอี่ยวคดี #1MDB

เกมแรกก็เอาเลย ! คลิป: มุ้ย ธีรศิลป์ ซัดให้ ชิมิสุ เอส-พัลส์ ออกนำ เอฟซี โตเกียว 1-0 | The Thaiger
เจลีก2 months ago

เกมแรกก็เอาเลย ! คลิป: มุ้ย ธีรศิลป์ ซัดให้ ชิมิสุ เอส-พัลส์ ออกนำ เอฟซี โตเกียว 1-0

Samsung S10 lite สเปคแรง เล่นเกมส์ดี จริงมั้ย?? | The Thaiger
สื่อไทย2 months ago

Samsung S10 lite สเปคแรง เล่นเกมส์ดี จริงมั้ย??

แปลภาษา ด้วยฟีเจอร์กล้องใน Google Translate | The Thaiger
สื่อไทย2 months ago

แปลภาษา ด้วยฟีเจอร์กล้องใน Google Translate

7 สัญญาณ บ่งบอกว่า เขาชอบคุณ | The Thaiger
คลิป2 months ago

7 สัญญาณ บ่งบอกว่า เขาชอบคุณ

10 อันดับ พิธีกรรมสุดแปลกจากทั่วโลก | The Thaiger
สื่อไทย2 months ago

10 อันดับ พิธีกรรมสุดแปลกจากทั่วโลก

Trending