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Thailand must fully open within 120 days says Prime minister

In a National Address delivered today, the Prime Minister of Thailand has set a goal for the country to be able to fully open within 120 days from today.

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In a National Address delivered today, the Prime Minister of Thailand has set a goal for the country to be able to fully open within 120 days from today.

“The time has now come for us to look ahead and set a date for when we can fully open our country and start receiving visitors because re-opening the country is one of the important ways to start reducing the enormous suffering of people who have lost their ability to earn an income.  I am, therefore, setting a goal for us to be able to declare Thailand fully open within 120 days from today, and for tourism centers that are ready, to do so even faster.  The only exception to these guidelines will be if a truly serious situation develops or seems likely to develop, and we will look at those situations on a case-by-case basis.”

National Address of the Prime Minister of Thailand

We must look on this virus just as we would on the many other diseases

Our national policy must now evolve and we must look on this virus just as we would on the many other diseases that are in the world and with which we must learn to live.  We have seen that this virus is not going to go away quickly.

We have to come to terms that it will continue to be around in the world and in Thailand for some time.   We cannot wait for a time when everyone is fully vaccinated with two shots to open the country or for when the world is free of the virus.  We must be ready to live with some risk and just try to keep it at a manageable level, and let people go back to being able to earn a living.  That is the policy that I have set.

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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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