Showing 1 - 10 of 38
B300 billion in state spending seen as a tonic
Wichit Chantanusornsiri, Published on 05/09/2024
» The Ministry of Finance expects more than 300 billion baht in government funds will be injected into the economy during the final quarter this year, pushing GDP growth to the anticipated range of 2.7% to 3%.
Poor may be priority for digital handout
Business, Wichit Chantanusornsiri, Published on 30/08/2024
» The digital wallet handout may be distributed first to groups of people that most need it for spending to inject money into the economy towards the end of this year, says caretaker Deputy Finance Minister Paopoom Rojanasakul.
Budget for digital wallet scheme reduced by B50bn
Business, Wichit Chantanusornsiri, Published on 12/07/2024
» The cost of the government's flagship digital wallet initiative has been scaled down to 450 billion baht from 500 billion, but the Finance Ministry still expects it to have a positive impact on the economy.
Julapun questions phone inclusion
News, Wichit Chantanusornsiri, Published on 18/06/2024
» Deputy Finance Minister Julapun Amornvivat is urging the Commerce Ministry to reconsider its decision to allow recipients of the 10,000-baht payout through the digital wallet scheme to spend the money on mobile phones, saying the move won't benefit the domestic economy.
Finance official optimistic on H2
Business, Wichit Chantanusornsiri, Published on 16/05/2024
» The economy is poised for healthier growth in the second half of the year, with three significant financial injections planned to stimulate momentum.
More fiscal measures on the cards
Business, Wichit Chantanusornsiri, Published on 07/05/2024
» The Finance Ministry plans to study fiscal measures that can create economic momentum following the implementation of the digital wallet stimulus project.
Finance Ministry downgrades Thai growth forecast
Wichit Chantanusornsiri, Published on 29/04/2024
» The Finance Ministry on Monday downgraded its economic growth forecast to 2.4% for this year, down from its previous projection of 2.8% in January.
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.
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.
Secretary: Scheme tool for stimulus
Business, Wichit Chantanusornsiri, Published on 03/04/2024
» Thailand needs to inject stimulus money into the economy and the digital wallet scheme is one tool to accomplish this goal, says finance permanent secretary Lavaron Sangsnit.