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Malaysia returning vehicles left behind by Thais

Jack Burton

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Malaysia returning vehicles left behind by Thais | The Thaiger
PHOTO: Abdullah Benjakat
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Malaysia is returning vehicles left behind by Thais who left when Kuala Lumpur imposed a lockdown to combat the spread of Covid-19. The first batch was returned yesterday via the Sungai Kolok immigration checkpoint. They were handed over to Thai authorities about 5pm.

The chief of Sungai Kolok district in the southern border province of Narathiwat said Thais living in Malaysia, most of them in Kelantan State, have gradually returned to Thailand, often leaving behind their vehicles. Once back home, they were without the use of their vehicles, which many needed to make a living. They asked the provincial Damrongtham Centre to make arrangements with Malaysian authorities for their return. After talks between local officials of Narathiwat and Kelantan, an agreement was reached.

The returned cars and trucks were sprayed with disinfectant and will be left in the sun for 3 days before being handed back to their owners.

Territorial defence volunteers assigned to go to Malaysia to drive back the vehicles will spend 14 days in quarantine.

SOURCE: Bangkok Post

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1 Comment

1 Comment

  1. Avatar

    Holger Hasselwander

    August 12, 2020 at 1:16 pm

    Why they left their Cars behind, instead of driving Back to Thailand by Car?

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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.

Economy

Cabinet approves co-payment of 3,000 baht each for 10 million consumers

Maya Taylor

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Cabinet approves co-payment of 3,000 baht each for 10 million consumers | The Thaiger
PHOTO: www.bitcoretech.com

In its latest round of direct economic stimulus, the Thai government is to offer a co-payment of 3,000 baht each to 10 million Thai citizens for a period of 3 months. The scheme is expected to kick off on October 23 and run up the end of the year, with the co-payment subsidising half the cost of purchases, but excluding alcohol, tobacco, or the government’s bi-monthly lottery. There will be a maximum daily co-payment of 150 baht, and 3,000 baht per person in total.

Government spokesman Anucha Burapachaisri says Thai citizens over the age of 18 can sign up for the scheme from October 16. The subsidy will be transferred to consumers’ electronic wallets. Anucha says the scheme will cost around 30 billion baht and will provide a much-needed boost to small businesses. Businesses interested in participating can register from tomorrow.

The Bangkok Post reports that Cabinet have also approved the addition of an extra 1,500 baht to the monthly living allowance for nearly 14 million citizens holding state welfare cards. Recipients will get the 1,500 baht in 3 installments of 500 baht between October and December.

The government also plans to compensate businesses that hire new graduates, through the introduction of a co-payment plan. Companies hiring students who work part-time and are registered in the social security system, will receive help from the government. This is a change from the previous stipulation that only graduates not registered in the social security scheme could participate in the program.

Under the employment subsidy program, the government will pay 50% of graduates’ salaries for one year, beginning next month. Around 260,000 new graduates are expected to be included in the programme, which will be financed from the government’s 400 billion baht economic recovery fund.

SOURCE: Bangkok Post

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Economy

Vietnam’s booming manufacturing sector reduced to a trickle as world pandemic kills demand

The Thaiger

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Vietnam’s booming manufacturing sector reduced to a trickle as world pandemic kills demand | The Thaiger

Vietnamese finance officials are downgrading expectations for a recovery of the south east Asian nation’s economy in 2021. The normally fast-growing gross domestic product in 2020 has stalled due to a huge drop in local and global demand, and the absence of international tourism. The booming economy, growing at an average of 6% per year since 2012, will struggle to reach a growth rate of 2% this year.

Fuelled by manufactured exports, the Vietnam economy has dropped back to a trickle. The Asian Development Bank estimates that this year’s GDP growth could be as low as 1.8%. The Vietnamese factories, that usually crank out shoes, garments, furniture and cheap electronics, are seeing dropping demand as the world’s consumer confidence drops dramatically.

Stay-at-home rules in Europe and America are keeping are keeping people away from retail stores. And despite the acceleration of online retail, many of the consumers are emerging from the Covid Spring and Summer with vastly reduced spending power.

The headaches of 2020 are also challenging Vietnam to maintain its reputation as south east Asia’s manufacturing hotspot. Rising costs and xenophobic foreign policy have put China ‘on the nose’ with some governments, complicating factory work in China, whilst other south east Asian countries lack infrastructure and are incurring higher wage costs.

One Vietnamese factory operated by Taiwan-based Pou Chen Group, which produces footwear for top international brands, has laid off 150 workers earlier this year. There are hundreds more examples of the impact of falling demand in the bustling Vietnamese manufacturing economy.

Vietnam’s border closure is also preventing investors from making trips, setting up meetings and pushing projects forward. Those projects in turn create jobs, fostering Vietnam’s growing middle class. Tourism has also been badly affected by the restrictions on travel. “International tourism is dead,” says Jack Nguyen, a partner at Mazars in Ho Chi Minh City.

“Inbound tourism usually makes up 6% of the economy.”

“Things will only pick up only when the borders are open and there’s no quarantine requirements. Who knows when that’s going to be.”

A mid-year COVID-19 outbreak in the coastal resort city Danang followed by the start of the school year has reduced domestic travel, analysts say. Some of the country’s hotels are up for sale as a result.

“Recovery could take 4 years.”

The Vietnamese Ministry of Planning and Investment is now warning that global post-pandemic recovery could take as long as 4 years, perhaps more.

Not that foreign investors in the country are pulling out. Indeed, many are tainge a long-term view that Vietnam’s underlying strengths will outlive Covid-19. Vietnam reports just 1,069 coronavirus cases overall.

SOURCE: VOA News

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Thailand

Government to stir economy with 100 billion baht stimulus starting in October

The Thaiger & The Nation

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Government to stir economy with 100 billion baht stimulus starting in October | The Thaiger

The Thai Government is expected to stimulate the economy with 100 billion baht boost starting in October until the end of the year. The injection will reportedly come from both the people’s and the government’s spending under three stimulus measures according to the Deputy PM Supattanapong Punmeechaow.

The first measure will reportedly give 14 million welfare cardholders an extra 500 baht discount over the next 3 months on their shopping with the budget for this measure totalling 21 billion baht. The second measure, dubbed “Kon La Khreung” or Let’s Go Halves, will give 10 million people up to 100 baht discounts daily on beverages and household essentials with the subsidy being capped at 3,000 baht per person. The scheme will not, however, include such things as alcohol, tobacco or lottery tickets.

The third measure is aimed at wealthier Thais as tax incentives and will be offered in an effort to encourage them to spend more as consumers. The Cabinet has also approved a measure to pay 260,000 new graduates half of their salary to help the private sector. That budget is reportedly totaling 19.5 billion baht.

Supattanapong also predicts the economy will improve next year but warns it could take 2 years before the nation’s economic growth returns to the pre-Covid level. He says the country’s current budget is sufficient to boost the economy unless there is a second wave of Covid.

“But in the event that there is a second wave, the government is prepared to borrow more as its national debt is quite low compared to other countries. However the government is being cautious so it can remain financially healthy in the post-Covid era.”

SOURCE: Nation Thailand

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