stimulus
- Thailand News
Thailand advised to limit economic stimulus as recovery progresses
The Government of Thailand is being urged to reconsider its approach to economic stimulus as the country’s economy shows signs of recovery. The Thailand Development Research Institute (TDRI) advised against implementing large-scale economic stimulus measures, arguing that the economy is on a path to sustainable growth. Nonarit Bisonyabut, a research fellow at TDRI, likened the private sector’s reliance on government…
- Business News
Thai AirAsia seeks govt aid amid demand slump and tax cuts
Thai AirAsia, experiencing a downturn in demand during the second and third quarters of 2023, now seeks government intervention to boost the stagnant local purchasing power. Chief Executive Santisuk Klongchaiya noted that the seasonal nature of tourism has resumed, with the average load factor for the domestic market in the second quarter decreasing to 90% from 94% year-on-year. Despite the…
- Thailand News
Social Security asks 5,000 to return Covid-19 relief funds
Social Security reported that over 5,000 people must return Covid-19 relief funds, primarily under Section 40. Those not receiving official letters need not return the funds and should beware of fraudsters. The spokesperson for the Social Security Office, Niyada Saneemanoomai, today made the announcement. Niyada stated that the Social Security Office had sent letters to Section 40 insured persons, calling for…
- Economy News
Chamber of Commerce proposes familiar plans for the economy
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…
- Thailand News
Thailand’s PM speeds up stimulus measures to boost domestic spending
Thailand’s PM is speeding up economic stimulus measures to continue the effort to boost domestic spending throughout the year. In a meeting yesterday, PM Prayut Chan-o-cha told the Finance Ministry to push forward the rollout of the 3rd phase’ co-payment scheme, financial relief scheme and the Section 33 We Love Each Other programme. Deputy PM Supattanapong Punmeechaow, noted that the…
- Economy News
7 million Thais already signed up to latest stimulus package
7 million Thais have already registered for the latest economic stimulus package – Rao Chana (We Win). But Thailand’s Finance Minister believes that 10 million will finally register for the new relief in the wake of the second wave of Covid-19 infections sweeping the Kingdom. The new scheme is similar to other government stimulus packages where recipients aren’t just given…
- Transport News
Taxi and transport drivers calling for help from the Thai government
Unions of Thai Taxi workers and Thai automobile drivers have handed over an official request to a government labour committee to file a request to the government seeking financial support. Thai Taxi workers passed over their requests to Suthep Yoo-on, the chairman of the Labour Committee officially seeking industry support. Just about all sectors of the country’s transport infrastructure have…
- Thailand News
Thai senior and disabled citizens will receive 2,000 baht handouts
While the government’s economic stimulus packages continue to roll out, there is also a concern for the disabled and senior citizens who are excluded from the criteria to get benefits from the government’s major aids at this stage. The Ministry of Social Development and Human Security plans to distribute 2,000 baht handouts to that demographic of the Thai population. According…
- Thailand News
Government to stir economy with 100 billion baht stimulus starting in October
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…
- Things To Do
Things that have changed in Thailand in the Covid Era | Top 10 | VIDEO
Top 10 things that have changed in Thailand during the Covid-era Things have changed. In some cases they’ve changed a lot and may never be the same again. Many people are suffering as a result of the impacts of lockdowns and the border closures. Some people are being forced to re-invent their lives as a result. Here are some of…
- World News
Trump orders enhanced unemployment benefits, eviction moratorium
US President Donald Trump yesterday signed executive actions, 1 of which provides US$400 a week in enhanced unemployment benefits (25% of which is to be covered by the individual states) after the White House and Democrats were unable to reach an agreement on a coronavirus stimulus relief bill last week. Speaking from his his golf club in Bedminster, New Jersey,…
- Economy News
“We Travel Together” campaign may be extended through 2020
The “We Travel Together” government stimulus campaign may be extended to increase domestic tourism through to the end of the year, while travel bubbles for tourists will hopefully be launched by October, according to the Tourism and Sports Ministry. Phiphat Ratchakitprakarn. He says the slow start of the scheme, launched July 15, can be partly attributed to hesitation among tourists as…
- Covid-19 News
Thailand’s domestic tourism provided 4 times the number of international travellers in 2019
Thailand has had plenty of interruptions to its tourism industry over the past two decades… There was that other coronavirus scare, ‘SARS’, in 2003, the Indian Ocean tsunami of 2004, the global recession and riots in Thailand in 2009, major flooding at the end of 2011, political demonstration in 2013 and 2014, the bloodless military coup of May, 2014, the bombing…
- Covid-19 News
Billions of baht thrown at domestic tourism
The coronavirus pandemic has nearly killed tourism in Thailand. Now, Thai authorities are giving some life to domestic travel by rewarding health volunteers with a free holiday as well as subsidising hotel and transportation costs. 3 stimulus packages worth 22.4 billion baht are planned to boost up the industry and are set to run from July to October. The money comes…
- Economy News
Finance Ministry looking at 3,000 baht ‘travel bank’ in next stimulus round
The Finance Ministry is looking at giving domestic tourists a 3,000 baht ‘travel bank’ to deduct off the cost of participating hotels, restaurants and tourism attractions. This time the restaurants, hospitality options and attractions will need to register for the service while the users won’t need to register. So, a user might check into a 5,000 baht hotel and spend…
- Covid-19 News
Government confirms 14.5 million Thais qualify for 5,000 baht state aid
The director of the Fiscal Policy Office and spokesman for the Finance Ministry says 14.5 million Thai citizens now qualify for the government’s 5,000 baht subsidy, having passed the relevant screening criteria. Thai PBS World reports that Lawan Saengsanit says this number includes 4.4 million people who succeeded at a preliminary round of screening and have already received their first…
- Northern Thailand News
Man steals 5,000 baht handout from kidney patient
A 47 year old man undergoing treatment for kidney disease at a hospital in Nang Rong, near Buriram, north-east Thailand, has had his 5,000 baht government handout stolen – by a relative. The man, named only as Narongsak, applied for the aid package, put in place to ease the economic hardship caused by the Covid-19 outbreak, and asked a family…
- Covid-19 News
HM the King approves 1.9 trillion baht stimulus for Thailand
A royal endorsement was published in Thailand’s Royal Gazette yesterday saying, “his Majesty the King has approved new stimulus measures and laws to enforce spending worth 1.9 trillion baht, to lessen the impact of the coronavirus (Covid-19) on the economy”. This will take effect immediately according to the Royal Gazette. Read more about the 1.9 trillion baht stems package HERE. The…
- Politics News
Thai Health Minister demands apology for inflammatory comments
Public Health Minister Anutin Charnvirakul has criticised fellow Bhumjaithai Party member Boonkua Pussatevo for a Facebook comment that, according to The Nation, translates loosely to “stupid citizens will lead us to death” and has asked for a public apology over the comments. The remarks follows a computer glitch affecting the distribution of the 5,000 baht assistance many citizens were expecting.…
- Covid-19 News
Computer says no. Finance ministry refuses two-thirds of stimulus applicants.
Only 9 million Thais have been considered eligible in the latest package rolled out by the Finance Ministry. About 27 million registered for the emergency aid program to provide 5,000 baht per month for at least three month. Now the two-thirds who were initially refused the package after initial computer screening are asking why and fronting up to the Finance Ministry…
- Covid-19 News
1.9 trillion baht stimulus aims to relieve Covid-19 impacts on Thai business
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…
- Covid-19 News
Thai government screws sex workers over 5,000 baht stimulus
Thousands of Thai sex workers, estimated to be around 300,000, mostly out of work due to the Covid-19 coronavirus crisis, will receive no labour protection from the government. Empower Foundation, an organisation for the rights and opportunities for sex workers across Thailand, has sent a letter to the government pleading for help. “Many are mothers and main family providers and…
- Covid-19 News
Third stimulus package coming, valued at 500 billion baht
Thailand’s economy has been hit hard by the Covid-19 coronavirus pandemic, as it’s heavily reliant on exports and tourism. As of yesterday, Thailand had reported 1,524 cases of coronavirus and nine deaths as a result of the outbreak. So the finance minister yesterday announced a new stimulus package valued at more than 500 billion baht to alleviate the impact. The…
- Covid-19 News
Nearly 20 million try to register, crashing Thai government’s payout website
Four major Thai banks closed their branches this weekend, partly in anticipation of a surge of applicants for the governments recently announce 5000 baht handout scheme for “informal” workers affected by the Covid-19 coronavirus pandemic. According to Krungthai Bank, nearly 20 million people tried to log in and register on the government’s payout website, which opened last night, significantly higher…
- Covid-19 News
Cabinet approves 117 billion baht stimulus
Today the cabinet has approved a proposed new stimulus measures of at least 117 billion baht. Trying to minimise the magnitude of the impact of the Covid-19 outbreak that has infected more than 800 Thais across the country. The stimulus will include cash handouts worth 45 billion baht for more than 3 million workers outside of the social security system,…
- Covid-19 News
Cash handouts to be proposed tomorrow
“Those having social security will be taken care of by the Social Security Office, while those who are not insured under the social security scheme will be taken care of by the Ministry of Finance. We are planning to use an emergency budget from fiscal 2020 of around 20 billion baht to provide cash handouts to people affected by the…
- Covid-19 News
Cash handouts to Thais being proposed
“Those Thais with social security will be taken care of by the Social Security Office, while those who are not insured under the social security scheme will be taken care of by the Ministry of Finance. We are planning to use an emergency budget from fiscal 2020 of around 20 billion baht to provide cash handouts to people affected by…
- Covid-19 News
BOT injects 35 billion baht into Thai financial market
35 billion baht is being injected into the local Thai financial markets in the wake of the impact from Covid-19 crisis. The Bank of Thailand say they are closely monitoring the local financial market and recognised “liquidity is tight in bond and US dollar exchange markets.” BoT assistant governor Vachira Arromdee announced yesterday… “The BoT last week injected both short…
- Politics News
Cabinet meets today to discuss power costs stimulus
Amongst other pressing issues at today’s cabinet meeting, the Thai PM and ministers will consider four economic measures proposed by the Energy Ministry that would assist low-income earners, as well as small and medium-sized enterprises. The measures have been collated and endorsed y the Energy Policy Management Committee for consideration at today’s meeting. The four measures for consideration include a…
- Economy News
Thai PM Prayut quashes 2,000 baht handout package
Easy come, easy go. Well that was quick. Last Friday’s announcements for 2 x 1000 baht handouts to poorer Thai citizens has been quashed by the PM. Prime Minister Prayut officially shelved plans to hand out the cash to low income earners. Last Friday the Finance Ministry made the announcement for a new round of stimulus packages to prop up…
