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The business sector ask reds to leave shopping area

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The business sector on Monday called on anti-government protesters to move out of Ratchaprasong intersection, and asked the government and the red-shirt United Front for Democracy against Dictatorship (UDD) to settle their political dispute as soon as possible.

The Ratchaprasong Square Trade Association (RSTA) and the Thai Shopping Centre Association (TSCA) made the call at a press conference.

They asked the protesters to leave Bangkok's prime business and shopping area immediately as many thousands of shops, vendors and employees had already been affected.

The two associations said many families were totally dependent on their daily earnings from their businesses there.

via Traders ask reds to leave Ratchaprasong area.

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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Economics

Thai Government Plans to Increase 2022 Investment Budget by 90 Billion baht ($2.84 bln)

According to the 2022 fiscal budget bill, which has public spending set at 3.1 trillion baht, accounting for 17.9% of GDP, the government would need to borrow 700 billion baht to offset the deficit.

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BANGKOK (NNT) – The Budget Bureau notes that the Thai government plans to increase its investment budget by 90 billion baht in the fiscal year 2022, in compliance with a law related to state financial and fiscal discipline.

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