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2000 baht handouts for low-income Thais

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PHOTO: The Finance Ministry's cash handout proposal has been approved by the Council of Economic Ministers - The Nation

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

 

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Jack Burton is an American writer, broadcaster, linguist and journalist who has lived in Asia since 1987. A native of the state of Georgia, he attended the The University of Georgia's Henry Grady School of Journalism, which hands out journalism's prestigious Peabody Awards. His works have appeared in The China Post, The South China Morning Post, The International Herald Tribune and many magazines throughout Asia and the world. He is fluent in Mandarin and has appeared on television and radio for decades in Taiwan, Mainland China, Hong Kong and Macau.

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