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1.7 million Thais without smartphones register for "Rao Chana" benefits

The Rao Chana scheme has seen a large number of Thais who don’t have smartphones visiting the branches of Krung Thai Bank (KTB) and its mobile units around the country to register in person for the government’s 7,000-baht benefit.

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BANGKOK (NNT) – The Rao Chana scheme has seen a large number of Thais who don’t have smartphones visiting the branches of Krung Thai Bank (KTB) and its mobile units around the country to register in person for the government’s 7,000-baht benefit.

Although it is a long weekend, the mobile units have been operating daily to ensure every eligible person gets registered and receives the benefit as soon as possible.

Fiscal Policy Office Director, Kulaya Tantitemit, as the spokesperson of the Finance Ministry, has confirmed that during the weekend, KTB mobile units have been open for business to provide a registration service for people who do not have a smart phone and want to register for the government’s stimulus package aimed at helping people financially-affected by the Covid-19 outbreak.

For those without a smartphone, registration opened in two rounds. The first one closed on 21st February. Eligibility was verified and announced on 4th March, and recipients could start spending on 5th March. The second round of registrations will continue until 5th March. The verification results will be announced on 15th March, and they can start spending from 19th March onwards.

Spending through this project has reached 58 billion baht. Local vendors have also benefitted from the project as their sales have increased despite complaints that the electronic payment system was down occasionally. The government allocated 210 billion baht to this project, expecting to financially support the people during tough times, while helping to revive the economy, especially small businesses, at the same time.

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Reporter : supawadee wangsri
Rewriter : Hugh Brammar
National News Bureau & Public Relations :
http://thainews.prd.go.th

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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%.

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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.

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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.

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