Thailand to kick off large-scale consumption stimulus programme
Thailand's Commerce Ministry is working with the private sector to launch a price reduction campaign for goods and services three months before the much-anticipated digital wallet scheme begins.
A Thai gardener shows a message on his phone in response to his registration for the digital wallet scheme. (bangkokpost.com)
Bangkok (VNA) - ꧙Thailand's Commerce Ministry is working with the private sector to launch a price reduction campaign for goods and services three months before the much-anticipated digital wallet scheme begins.
Thai Deputy Prime Minister Phumtham Wechayachai, wwho is also Minister of Commerce, on August 10 led a discussion with at least 150 private operators in response to the move, a form of economic stimulus, as ordered by Prime Minister Srettha Thavisin.
Wechayachai said the PM has instructed the ministry to work with all sectors to help small- and medium-sized enterprises alleviate the burden of expenses and reduce the cost of living for three months, from August 20 to November 20, 2024, before the 10,000 baht (nearly 284 USD) digital wallet scheme kicks off in December.
The first measure is to work with companies to reduce rental fees for small shops and market stalls, help them promote their businesses online and reduce shipping costs with help from Thailand Post. Next, the availability of sales spaces will be increased by launching new shopping areas in every province. The third measure is to work with large manufacturers and wholesalers to reduce living costs through nationwide discount campaigns.
The ministry will organise regular seasonal promotions, such as the "9.9" and "10.10" campaigns in September and October, as well as the Vegetarian Festival in October and New Year.
Wechayachai revealed that the PM will announce the kick-off for this raft of measures during the mobile cabinet meeting on August 20 at Rajamangala University of Technology Suvarnabhumi in Ayutthaya./.
Thai citizens can register to receive a digital wallet with a value of 10,000 THB (approximately 282 USD) starting August 1 under a scheme announced by Prime Minister Srettha Thavisin's government.
Thailand’s Deputy Finance Minister Julapun Amornvivat has said that the 500-billion THB (about 14 billion USD) digital wallet handout scheme cannot start in May as planned but insisted that the government will proceed with the project.
Thailand’s Deputy Minister of Finance Julapun Amornvivat on October 19 announced that the scheme to give 10,000 THB (274 USD) in handouts via digital wallets to more than 50 million people in the country will not be started on February 1, 2024 as planned.
Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Efforts to empower women must transcend dialogue and translate into concrete commitments, including corporate pledges and government partnerships, according to the spouse of Malaysian Prime Minister Anwar Ibrahim.
The forum featured two in-depth discussion sessions, engaging representatives from governments, think tanks, and businesses from both ASEAN and China, on how to forge closer ties for a common future.
The new FIFA Hub in Jakarta will not only support football development in Indonesia but also serve as a coordination centre for 21 football associations across Southeast and East Asia.
Minister Counselor Nguyen Hoang Nguyen reaffirmed Vietnam’s principled and consistent stance on the Palestine issue, calling for an immediate and lasting ceasefire across the entire Gaza Strip.
PM Anwar Ibrahim affirmed the determination of Malaysia, as ASEAN Chair for 2025, to utilise all viable regional mechanisms of the bloc and work with partners to de-escalate violence and restore a peace process led by Myanmar.
