National
Thai Government to Work without Disruption during National Mourning
The Government continues its administration with no disruption during the national mourning, while preparing royal funeral ceremonies and memorial rites with the highest honor accorded to the late His Majesty King Bhumibol Adulyadej.
Government Spokesman Lieutenant General Sansern Kaewkamnerd said that although the whole country was grief-stricken, the national administration, as well as trade and investment, still operated normally, as the Government did not want to see a vacuum in its work.
The Government Spokesman stated that Prime Minister General Prayut Chan-o-cha thanked all Thais for joining hands in performing good deeds as a tribute to His Majesty King Bhumibol.
He dismissed as groundless a social media rumor that the Government had ordered that all portraits of the late King Bhumibol be removed from government offices, private organizations, public places, or the people’s houses.
He said that, during this period, in particular, the portraits of His Majesty King Bhumibol should be displayed for all people to pay respects to. However, flags with royal ceremonial emblems for celebrations when the late King was still alive should be brought down in order to pay respects to him.
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.
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.
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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