Connect with us

Economics

Thai Cabinet extends measures to help low income earners

Thailand’s Cabinet extended measures to reduce the cost of living for low income earners by offering free non-air conditioned bus and third-class train service to Jan 15 next year, according to government spokesperson Thitima Chaisang.

Avatar

Published

on

Bangkok bus

Thailand’s Cabinet extended measures to reduce the cost of living for low income earners by offering free non-air conditioned bus and third-class train service to Jan 15 next year, according to government spokesperson Thitima Chaisang.

Loading...

Extending free bus and train services to Jan 15 is aimed at reducing travel costs for people traveling home to the provinces for the long New Year holiday. The measures expired on June 30.

Free bus and train services

The spokesman said the measures will cost the government around Bt2.18 billion.The Ministry of Transport reported in August that 400,000 bus passengers and 50,000 rail passengers per day benefited from the measures.

Bangkok bus

Extending free bus and train services to Jan 15 is aimed at reducing travel costs for people traveling home to the provinces for the long New Year holiday

Initiated during the administration of late former prime minister Samak Sundaravej to assist low-income earners in 2008. Other measures included free electricity for users of less than 90 units per month and free tap water for users of less than 30 cubic metres per month. MCOT online news

via Cabinet extends measures to help Thailands low income earners.

The Bank of Thailand (BoT) has advised that the Government should not focus on spending large sums of money on projects to stimulate consumption but should rather save some for emergency.

During a seminar entitled ‘Thailand: Moving Forward with the New Government’, BoT Governor Prasarn Trairatvorakul stated that the central bank would remain committed to its goal to maintain the national economic stability as well as financial balance in 2012. Personally, he disagreed with the Government’s investment of huge budgets in an attempt to encourage the domestic consumption, suggesting that the money should instead be reserved for use in emergency cases.

Comments

Economics

Thai fruit exports to FTA markets up 107 percent

China, Malaysia, Singapore, Indonesia, the Philippines, Hong Kong, Australia and Chile are top importers of Thai fruits, especially fresh durian, mangosteen, longan and mango. Thai exporters are able to benefit from FTA privileges.

National News Bureau of Thailand

Published

on

BANGKOK (NNT) – Thailand’s fruit exports continue to increase, despite the sluggish global economy caused by the COVID-19 pandemic, with key trade partners being countries that have free trade agreements (FTAs) with the kingdom.

Loading...
(more…)

Continue Reading

Economics

The Future of Asia: greener but with a public and private debt hangover

The COVID-19 pandemic has been a perfect storm, destroying jobs, worsening poverty and inequality, and creating a public and private debt problem—especially for countries and firms already in fragile financial health beforehand

Avatar

Published

on

The Sydney Opera resumed live performances and the city of Melbourne recently hosted the Australian Open tennis tournament with fans (mostly) in attendance.

Loading...
(more…)

Continue Reading

Economics

50:50 campaign may not get immediate extension

National News Bureau of Thailand

Published

on

logomain

Loading...

BANGKOK (NNT) – The government’s 50:50 co-pay campaign expiring on 31st March may not be getting an immediate campaign extension. The Minister of Finance says campaign evaluation is needed to improve future campaigns.

The Minister of Finance Arkhom Termpittayapaisith today announced the government may not be able to reach a conclusion on the extension of the 50:50 co-pay campaign in time for the current 31st March campaign end date, as evaluations are needed to better improve the campaign.

Originally introduced last year, the 50:50 campaign is a financial aid campaign for people impacted by the COVID-19 pandemic, in which the government subsidizes up to half the price of purchases at participating stores, with a daily cap on the subsidy amount of 150 baht, and a 3,500 baht per person subsidy limit over the entire campaign.

The campaign has already been extended once, with the current end date set for 31st March.

The Finance Minister said that payout campaigns for the general public are still valid in this period, allowing time for the 50:50 campaign to be assessed, and to address reports of fraud at some participating stores.

The Fiscal Police Office Director General and the Ministry of Finance Spokesperson Kulaya Tantitemit, said today that a bigger quota could be offered in Phase 3 of the 50:50 campaign beyond the 15 million people enrolled in the first two phases, while existing participants will need to confirm their identity if they want to participate in Phase 3, without the need to fill out the registration form.

Mrs Kulaya said the campaign will still be funded by emergency loan credit allocated for pandemic compensation, which still has about 200 billion baht available as of today.

Source link

Continue Reading

Most Viewed

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 13,973 other subscribers

Latest

Trending