A 50 -70 billion THB damage is expected from the prolonged mass demonstration of the anti-government United Front of Democracy Against Dictatorship (UDD), according to the estimation made by the Center of Economic and Business Forecast (CEBF) of the University of the Thai Chamber of Commerce.
CEBF Director, Dr Thanawat Polvichai, stated that the estimate was based on the assumption that the prolonged rally would end on 15 May 2010 when UDD core leaders promised to give themselves in to police, and that no further violence occurs during the course.
The director said the UDD had declared its plan to stage another rally on the business road of Silom after the gathering at Ratchaprasong Intersection was successful in pressuring the government to a certain extent.
Dr Thanawat admitted that the rallies would greatly affected the national economy, the confidence of both consumers and investors as well as trade negotiations and tourism.
As for the movement of the People’s Alliance for Democracy (PAD) to stage a mass rally, the director said the group still has no clear direction in its movement and therefore is not worrying.
However, Dr Thanawat cautioned the government to monitor movement of all protesting groups in order to prevent possible clashes between groups of supporters.
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.
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.(more…)
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.
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.(more…)
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