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.

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.

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.

Click to comment

Leave a Reply

Economics

World Bank lowers Thai GDP growth outlook to 2.2%

In the Thailand Economic Monitor released today, the World Bank adjusted its outlook on Thailand’s economic growth this year to just 2.2% from its previous forecast of 3.4%.

Published

on

BANGKOK, July 15, 2021 – Thailand’s economy continues to take a heavy toll due to the COVID-19 pandemic and is projected to expand modestly at 2.2 percent in 2021, revised down from the 3.4 percent growth projected in March, according to the World Bank’s latest Thailand Economic Monitor “The Road to Recovery” published today.

(more…)
Continue Reading

Economics

Thailand’s Economy and COVID-19: Five Things to Know

Thailand’s GDP fell by 6.1 percent in 2020, the largest contraction since the Asian financial crisis. The tourism sector, which accounts for about a fifth of GDP and 20 percent of employment, has been especially affected by the cessation of tourist travel.

Published

on

Ko Samed deserted pier

Like many countries, Thailand’s economy was hit hard by the COVID-19 pandemic last year. The country’s GDP fell by over 6 percent in 2020 and many workers, especially those related to the tourism sector, lost their jobs.

(more…)
Continue Reading
Wise

Most Viewed

Subscribe via Email

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

Join 14,163 other subscribers

Recent