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Showing 1-10 of 1,487 results
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The thorny issue of digital wallet funding
Business, Wichit Chantanusornsiri, Published on 25/04/2024
» The coalition government led by Prime Minister Srettha Thavisin made a significant pivot on its flagship scheme, which aims to hands out 10,000 baht each to 50 million Thais via a digital wallet, shifting from government borrowing, which drew sharp criticism and raised concerns about potential violations of financial and fiscal discipline regulations.
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Finance Ministry hits back at digital wallet criticism
Published on 24/04/2024
» The Ministry of Finance has reiterated that the government’s flagship digital wallet scheme is not only intended to offer economic relief to vulnerable groups, but also aims to stimulate the economy.
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Counsel sought on Bank for Agriculture and Agricultural Cooperatives loan
News, Phusadee Arunmas, Published on 24/04/2024
» The government has agreed to ask the Council of State, its legal arm, to interpret whether the Bank for Agriculture and Agricultural Cooperatives (BAAC) can legitimately allow the government to borrow 172.3 billion baht to finance its digital wallet handout scheme partially.
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Asian shares slump as Mideast risk rises
Published on 20/04/2024
» RECAP: Asian stocks plunged yesterday as broad risk aversion swept through markets on escalating tensions between Iran and Israel and worries about higher-for-longer US rates.
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Images search for " Bank for Agriculture and Agricultural Cooperatives "
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Wallet fog fails to lift
Oped, Editorial, Published on 19/04/2024
» The government's announcement on the details of its digital wallet scheme on April 10 was meant to boost the popularity of both the Srettha Thavisin administration, as well as the Pheu Thai Party.
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BAAC union queries lending capacity
Wichit Chantanusornsiri, Published on 18/04/2024
» The labour union of the Bank for Agriculture and Agricultural Cooperatives (BAAC) is seeking legal opinions about whether the government can borrow from the state-owned bank to support its costly digital wallet handout.
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Digital wallet 'super app' to link with bank apps
Mongkol Bangprapa, Published on 17/04/2024
» The so-called super app earmarked for the 10,000-baht digital wallet scheme will work in sync with existing mobile applications for banks on users' phones, according to Deputy Finance Minister Julapun Amornvivat.
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PM Srettha reiterates faith in wallet handout scheme
Aekarach Sattaburuth, Published on 15/04/2024
» Prime Minister Srettha Thavisin on Monday reiterated his confidence the government is moving in the right direction with the 500-billion-baht digital wallet handout scheme.
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Union urges bank to come clean over digital wallet financing role
News, Published on 14/04/2024
» The labour union of the state-owned Bank for Agriculture and Agricultural Cooperatives (BAAC) on Saturday called on the government to allay concerns among bank customers over its plan to borrow 172.3 billion baht from the bank to partially finance the digital wallet handout scheme.
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PM denies mass withdrawal of funds from Bank for Agriculture and Agricultural Cooperatives
News, Mongkol Bangprapa, Published on 13/04/2024
» Prime Minister Srettha Thavisin denied rumours that people had begun withdrawing money from the Bank for Agriculture and Agricultural Cooperatives (BAAC) following news the government plans to borrow 172.3 billion baht from the bank to partially finance its 500-billion-baht digital wallet handout scheme.
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