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Borrowing under the Thai Khem Kaeng (Strong Thailand) scheme won’t fuel public debt

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Deputy Prime Minister Trairong Suwankiri on Friday indicated the government’s planned borrowing of significant funds to support  implementation of projects under the Thai Khem Kaeng (Strong Thailand) scheme would not fuel the country’s public debts as some academics criticized.

He said the amount the government planned to borrow would not be as high as Bt800 billion, partly because it earned more tax revenue than forecast.

Mr Trairong said he had monitored various ministries’ plans to disburse the Thai Khem Keng budget and found the amount is not as high as indicated earlier.

via Borrowing under Thai Khem Kaeng won’t fuel public debt, says Deputy PM.

Banking

The Importance of E-Wallets for Online Gaming Sites

With e-wallets and cryptocurrency being the most relevant options, banks have been put on the side burner, especially when e-wallets and cryptocurrency allow for fast electronic transfer, that is done instantly.

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e-wallet

Online gambling is an industry that needs to keep up with technological trends, to make sure it stays relevant and convenient within the gambling community.

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Banking

Thai Government to issue Bt50 bln ( $1.57 bln)Savings Bonds to fund COVID-19 Relief Measures

The special savings bonds are available via the “Sasom Bond Mung Kung” e-wallet, abbreviated to “Sor Bor Mor” in Thai on Krungthai Bank’s Pao Tang mobile app, and through four dealer banks. The minimum purchase of these bonds is 1,000 baht, without no maximum. Interest is paid twice a year.

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BANGKOK (NNT) – Thailand’s Public Debt Management Office (PDMO) plans to issue “Ying Aom Ying Dai” (the more you save, the more you earn) government savings bonds, worth 50 billion baht, next month, aiming to use the funds to finance state projects to ease the impacts of the pandemic.

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