stimulus

  • Tourism NewsThai tourism ministry proposes 5 billion baht in tourist stimulus packages
    ThaigerThursday, March 5, 2020
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    Thai tourism ministry proposes 5 billion baht in tourist stimulus packages

    Tourism and Sports Minister Phiphat Ratchakitprakarn says he will propose new domestic travel stimulus packages valued at 5 billion baht this Friday. The Minister says the aim is to cushion the impact of the coronavirus for the tourism service sector across the country. The Minister says that domestic tourism is “the priority during this difficult time. The government should implement…

  • Economy NewsFinance ministry announces new stimulus packages and tax breaks
    ThaigerThursday, March 5, 2020
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    Finance ministry announces new stimulus packages and tax breaks

    Thailand’s Finance Ministry has announced a raft of new stimulus measures to help prop up parts of the Thai economy suffering under the impact of the coronavirus. They say the measures will assist “all sectors of Thai society currently affected by the Covid-19 situation”, which arrived at the same time as an economic slowdown, an export slump and drought. The…

  • Economy NewsGovernment to extend the “Chim Shop Chai” stimulus program this month
    ThaigerSunday, February 2, 2020
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    Government to extend the “Chim Shop Chai” stimulus program this month

    The government is set to roll out a new phase of last year’s successful Chim Shop Chai (Eat Shop Spend) stimulus program to promote domestic spending. The measure is also intended to encourage investment by businesses in an economy hampered by a slowdown in tourist arrivals as a result of the ongoing Wuhan Coronavirus outbreak. The package, to be implemented…

  • Economy NewsThai government introduces property stimulus package
    ThaigerFriday, November 29, 2019
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    Thai government introduces property stimulus package

    PHOTO: homeservicerayong.com “Buyers must earn no more than 100,000 baht a month and be registered on the Revenue Department’s tax database.” Thailand’s Finance Ministry spokesman Lavaron Sangsnit says that the three major housing associations are ready to support the government’s latest stimulus measures to support home purchases. There was a meeting between Ministry officials and the Housing Business Association, Thai Real…

  • Economy NewsMinistry considering third round of the Chim Shop Chai stimulus packages
    ThaigerFriday, November 1, 2019
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    Ministry considering third round of the Chim Shop Chai stimulus packages

    Deputy PM Somkid Jatusripitak is praising the Chim Shop Chai (Eat Shop Spend) scheme and has told the Finance Ministry to consider launching a third round before the end of the year. In a policy speech, he defended the scheme, saying it’s neither wasteful nor a populist policy, fending off accusations by critics. He insists the program has been successful in…

  • Economy NewsEat Shop Spend version 2 on the way, but no cash giveaway
    ThaigerWednesday, October 9, 2019
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    Eat Shop Spend version 2 on the way, but no cash giveaway

    After feedback from the successful “Chim-Shop-Chai” (Eat-Shop-Spend) campaign, the Minister of Finance says campaign will now be extended into Phase 2 but with the criteria and regulations adjusted to attract more people with purchasing power to spend their own money, without the 1,000 baht per person give-away. The Minister of Finance Uttama Savanayana says there have been 1.3 million persons so…

  • Tourism NewsRound two of the “Eat, Shop, Spend” tourism stimulus
    ThaigerWednesday, October 2, 2019
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    Round two of the “Eat, Shop, Spend” tourism stimulus

    Round one of “Eat, Shop, Spend” (Chim, Shop, Chai) was a resounding success with the allotment for registrations completely subscribed on the days of registration. It was a 1,000 baht ‘gift’ to encourage Thais to travel and spend outside their home provinces. Now the government are rolling out the second round of the stimulus packages to keep the local tourism…

  • Economy NewsThais clamour for the “Chim, Shop, Chai” 1000 baht give-away program
    ThaigerFriday, September 27, 2019
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    Thais clamour for the “Chim, Shop, Chai” 1000 baht give-away program

    PHOTO: buriramguru.com The “Chim, Shop, Chai” (Eat, Shop, Spend) program has been a resounding success, and it’s still got a another five days or so to go. Thai citizens can apply for the 1000 baht ‘gift’ from the government and spend the money at selected shops anywhere outside their home province. The government only accepts one million applications each day so,…

  • Economy NewsFinance Ministry launches 100 billion stimulus package to kickstart sagging economy
    ThaigerSaturday, September 21, 2019
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    Finance Ministry launches 100 billion stimulus package to kickstart sagging economy

    PHOTO: thailandshoppingdining.com The Government is kicking off a new stimulus package valued at 100 billion baht to “stimulate the grassroots economy”. Prasong Poontaneat, permanent secretary of the Finance Ministry reported that the government is preparing a brand-new stimulus package. “The Finance Ministry and related agencies will spend more than 100 billion baht on approximately 30 million low-income households nationwide.” The…

  • Business NewsSomkid says new Thai Government will speed up stimulus spending as growth falters
    ThaigerThursday, July 11, 2019
    0 258

    Somkid says new Thai Government will speed up stimulus spending as growth falters

    PHOTO: The Nation Somkid Jatusripitak, a day after being officially announced as a Deputy PM and head of the finance ministry, says he will speed up investment in key infrastructure projects to boost the country’s growth rate to 3.5% for the rest of 2019. “I have confidence we can manage the country’s economy under the coalition government to boost its…