stimulus package

  • Thailand

    225 billion baht Covid-19 stimulus package gets initial approval

    Thailand’s cabinet gave initial approval today for a stimulus package of 225 billion baht to provide low-income groups relief from the devastating third wave of Covid-19. The plan to invest nearly a quarter of a trillion baht into financial stimulation measures passed its initial stage today and will be reviewed and voted on within the next few weeks according to…

  • Crime

    3 stores investigated for potential fraud in government co-payment scheme

    Officials are investigating 3 businesses for possibly de-frauding the government under the “Let’s Go Halves” stimulus scheme introduced last month. The co-payment plan launched on October 16 in an effort to boost domestic spending. Under the scheme, 10 million citizens can avail of discounts on purchases at participating stores of up to 150 baht a day, capped at 3,000 baht…

  • Tourism

    Expats should get travel stimulus deals, Thai Hotels president says

    Expats might be included in the next wave of tourism incentives, at least that’s what the new president of Thai Hotels Association is pushing for. Those who live and pay taxes in Thailand should have equal rights as Thai nationals, the association’s president Marisa Sukosol Nunbhakdi says. Thai nationals have been able get deals on travel through the domestic tourism…

  • Tourism

    Government to increase value of mid-week hotel vouchers by 300 baht

    In an effort to further boost mid-week travel, the government has agreed to increase the value of accommodation vouchers offered as part of its domestic travel stimulus package from 600 baht to 900 baht. It’s hoped the move will lead to an uptake in domestic travel between Monday and Thursday. Nation Thailand reports that the Cabinet has also decided to…

  • Thailand

    “No stimulus for property sector” – Thai finance minister

    The Finance Minister Uttama Savanayana told a seminar in Bangkok yesterday that the government’s stimulus packages were for the ‘grass roots economy’ and the property sector can cope on its own, without any government assistance. He was speaking at a property seminar hosted by the Krungthep Turakit newspaper yesterday. He said that that the real estate sector could readily adjust…

  • Business

    “Government stimulus package for Thai economy is unsustainable”

    PHOTO: Wikipedia Anusorn Tamajai, an economist from Rangsit University, says he expects the proposed package to make little difference and has declared it unsustainable. The package, which should be approved this week, is worth 370 billion baht and includes cash handouts for farmers and low-income earners, grants for children, incentives for domestic travelers, and tax incentives for small businesses. It’s…