Connect with us


Chamber of Commerce proposes familiar plans for the economy



PHOTO: The Thai Chamber of Commerce is proposing measures to boost the economy. (via Thai PBS)

Ahead of a meeting with PM Prayut Chan-o-cha tomorrow, the Thai Chamber of Commerce has compiled a list of measures to boost Thailand’s struggling economy. The proposal was sourced from 5 regional chambers of commerce and will be submitted to the prime minister tomorrow as part of his meetings with private sector representatives.

The proposed measures aren’t particularly groundbreaking, mostly suggesting extending current stimulus projects and encouraging the same suggestions as made in the past. They call for an extension on the popular 50:50 program that co-pays for food and groceries, as well as the “shop dee mee kuen” program that translates to “the more you spend, the more you save”.

The proposal stresses vaccinating everyone in the country as quickly as possible, a plan that the Minister of Energy Supattanapong Punmeechaow vowed to support at the meeting, adding that they hope to achieve close to a 100% vaccination rate by the end of the year. He also assured that the overwhelming of hospitals would not happen again in the future as the government is actively procuring new Covid-19 medicines like Paxlovid and Molnupiravir.

Another main point of the proposed measures was offering relief for household debt and providing assistance for small and medium-sized enterprises. The president of the Thai Chamber of Commerce said he expects the proposed measures to help speed the recovery of the economy when the government implements them.

He cautions though that we should expect some inflation and rising costs for products and production costs due to oil prices going up. He urged the government to take easing action on public transport and the cost of living in general. The government has been working to lower energy costs domestically as well as reduce non-tariff barriers that make Thailand more competitive globally. They are also once again attempting to stimulate the economy by luring in one million foreigners bringing their expertise and investment money.

SOURCE: Thai PBS World


Get more from The Thaiger

Join the conversation and have your say on Thailand news published on The Thaiger.

Thaiger Talk is our new Thaiger Community where you can join the discussion on everything happening in Thailand right now.

Please note that articles are not posted to the forum instantly and can take up to 20 min before being visible. Click for more information and the Thaiger Talk Guidelines.

Neill is a journalist from the United States with 10+ years broadcasting experience and national news and magazine publications. He graduated with a degree in journalism and communications from the University of California and has been living in Thailand since 2014.

Follow Thaiger by email:

Events3 mins ago

Travis Scott to headline Rolling Loud Thailand festival

Thailand5 mins ago

9 year old boy rescued after falling into 2-metre deep well

Thailand7 mins ago

Thailand News Today | Sexy Thai model exposed as an identity thief and transwoman

Sponsored1 day ago

Top 5 Backlink Agencies in Bangkok for Your Business

South14 mins ago

Whale washes up on beach in South Thailand

Transport50 mins ago

Last jumbo – the last Boeing 747 leaves the gate

Weather51 mins ago

Bangkok could hit lows of 18°C next week

Join the conversation on the Thaiger Talk forums today!
Thailand58 mins ago

Geminids meteor shower predicted to hit Thailand on December 14 

Crime1 hour ago

Kuwaiti overstayer busted in Koh Pha Ngan, Thailand

Thailand1 hour ago

What next for Bali as Indonesia bans sex?

Thailand2 hours ago

Jailed politician erects billboard to wish voters Happy New Year

Thailand2 hours ago

Beastly reptile crocs the world of small village in southern Thailand

Pattaya2 hours ago

Pattaya officials continue to struggle with homeless problem

Thailand3 hours ago

Thaiger Unfiltered Ask Us Anything

Crime3 hours ago

Fifteen drug smugglers shot dead after gunfight with Thai soldiers in Chiang Mai

Lifestyle3 hours ago

Bird watching event coming up at Thai forest park

Thailand1 year ago

Morning Top Stories Thailand | Police to end protests, Human Trafficking | September 14

Thailand2 years ago

Thailand News Today | Thai Airways in rehab, All go for Songkran | March 4

Tourism2 years ago

Phuket’s nightlife. Yes, bars and clubs are still open | VIDEO

Phuket2 years ago

Thailand News Today | Covid passport talks, Thai Airways heads to court | March 2

Tourism2 years ago

Phuket Thai food treats you need to try | VIDEO

Thailand2 years ago

Thailand News Today | Bars, pubs and restaurants ‘sort of’ back to normal | Feb 23

Tourism2 years ago

In search of Cat & Dog Cafés in Phuket Town | VIDEO

Thailand2 years ago

Thailand News Today | Gambling crackdown, Seafood market to reopen, Vlogger challenge | Jan 21

Thailand2 years ago

Thailand News Today | Covid testing for visas, Business impact, Vaccine approval | January 19

Thailand2 years ago

Thailand News Today | Weekend Bangkok bombs, Thailand fires, Covid update | January 18

Thailand2 years ago

Thailand News Today | Stray car on runway, Indonesian quake, 300 baht tourist fee | January 15

Thailand2 years ago

Thailand News Today | Governor off respirator, sex-trafficking arrest, condo prices falling | January 14

Thailand2 years ago

Thailand News Today | Chinese vaccine, Thailand ‘drug hub’, Covid update | January 13

Thailand2 years ago

Thailand News Today | Bangkok may ease restrictions, Phuket bar curfew, Vaccine roll out | January 12

Thailand2 years ago

Thailand News Today | Covid latest, Cockfights closed down, Bryde’s Whale beached | January 11