Economics

Thailand’s 3Rs (Rescue, Restore and Rebuild) rehabilitation plan

Prime Minister Yingluck Shinawatra on Tuesday announced “Strategic Measures for the Country’s Rehabilitation” – a three-phase post-flood action plan to build confidence, regain trust, and restore the country’s prosperity and stability in the long-term in a manner that is sustainable and systematic.

Published

9 years ago

November 9, 2011

Zhong Li

Speaking at a news conference at the Santi Maitree Building in the Government House compound, Ms Yingluck said the government’s strategy for the country’s rehabilitation was divided into three phases or 3Rs – Rescue, Restore and Rebuild.

“Strategic Measures for the Country’s Rehabilitation” – a three-phase post-flood action plan to build confidence, regain trust, and restore the country’s prosperity and stability

She said the immediate phase or ‘Rescue’ would be completed within 1-2 months depending on the flood situation. This stage would be the responsibility of Justice Minister Pracha Promnog as chair of the Flood Relief Operations Centre FROC.The second phase – Restore – which is a short-term phase, will start its operation after the floodwaters have receded and will be complete within one year.

“The government has considered the rehabilitation as national agenda in order to move the country forward. The government promises that it will do its utmost to restore confidence and faith in the Kingdom so as to lead the country forward with stability. To this end, we will together overcome the crisis”

the premier said.

This phase will cover rehabilitation and remedies to the economy, infrastructure and quality of life of the people. Deputy Prime Minister and Interior Minister Yongyuth Wichaidit will oversee the task.The third phase – Rebuild – the long-term phase would involve actions to build confidence, regain trust, and restore the country’s prosperity and stability, she said.This task would be divided under the supervision of two committees, the Strategic Formulation Committee for Reconstruction and Future Development SCRF and the Strategic Formulation Committee for Water Resources Management SCWRM. A number of eminent persons and leaders in business sector were appointed as members.

She said the government has invited former finance minister Veerapong Ramangkura to chair SCRF while Deputy Prime Minister and Commerce Minister Kittirat Na-Ranong, on behalf of the premier, would chair the SCWRM.Eminent persons with knowledge and expertise on water management will also be appointed as members while Dr Sumet Tantivejkul, head of the Chaipattana Foundation implementing royal projects, was invited to be an advisor.

MCOT online news

via PM announces 3-phase flood rehabilitation plan to restore confidence.

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Published

2 weeks ago

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Headline Editor

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Economics

50:50 campaign may not get immediate extension

Published

2 weeks ago

March 26, 2021

National News Bureau of Thailand

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.

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Economics

Customs Department Considers Measures to Help SMEs

Published

3 weeks ago

March 24, 2021

National News Bureau of Thailand

BANGKOK (NNT) – The Customs Department is seeking ways to reduce the impact of the exemption on import tax and value-added tax (VAT) for imported goods worth up to 1,500 baht, as such measures are hurting small and medium-sized enterprises (SMEs).

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