Thailand to spend over 1.6 billion USD boosting domestic consumption
Thailand has unveiled a three-month stimulus package worth 51 billion THB (1.63 million USD) to boost domestic consumption and support the COVID-19-hit economy.
Social distancing is practiced at a mobile phone store in Bangkok, Thailand (Photo: VNA)
Bangkok (VNA) – Thailand has unveiled athree-month stimulus package worth 51 billion THB (1.63 million USD) to boostdomestic consumption and support the COVID-19-hit economy.
The stimulus package, introduced by Thailand'sCentre for Economic Situation Administration, will cover 24 million mainlylow-income people via two schemes.
In the first scheme, 14 million welfarecardholders will receive an extra monthly discount of 500 THB from October toDecember on their shopping. The budget for this scheme is 21 billion THB.
In the second scheme, worth 30 billion THB, 10million people will get daily discounts of up to 50 THB on food, beverages andhousehold essentials, excluding alcohol, tobacco or lottery tickets. Thesubsidy is capped at 3,000 THB per person. Thai citizens aged 18 or over canregister online.
Registration is scheduled to open on October 16.
Despite the country’s relatively effectivecontainment of COVID-19, the pandemic’s impact on the Thai economy hasbeen more severe than expected and economic recovery remains elusive, withannual GDP poised to shrink by 8 percent, according to the AsianDevelopment Bank (ADB).
The economy contracted 12.2 percent in thesecond quarter compared to the same period last year, the sharpest fall sincethe Asian financial crisis in 1998./.
The Thai government plans to spend 45 billion THB (about 1.4 billion USD) on cash handouts to 15 million people affected by the economic fallout caused by COVID-19, which is expected to boost domestic consumption.
The National Economic and Social Development Council (NESDC) of Thailand has revealed some conditions have yet to be finalised for the government’s half price campaign, under which participants will receive a half price subsidy on their general purchases with certain limits.
The Thai government is pushing ahead with the bio-economy concept to modernise agriculture with advanced technology in a move to improve the national economy, local media reported.
The number of unemployed workers in Thailand reached 2.5 million in the first half of 2020, and will keep growing next year if state stimulus packages are not strong enough to battle economic woes, according to the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) of Thailand.
In his article, Oscar Sanchez Serra highlighted President Ho Chi Minh’s founding of the Thanh Nien (Young People) newspaper on June 21, 1925, which marked the birth of Vietnam's revolutionary press rooted in a bold and far-sighted vision.
Several ASEAN meetings are scheduled to take place in Port Dickson this September, including the Senior Officials' Meeting (SOM) for ASEAN Plus Three (APT), the East Asia Summit (EAS), the 15th ASEAN Maritime Forum, and the 13th Expanded ASEAN Maritime Forum.
Thailand's Prime Minister Paetongtarn Shinawatra has ordered the urgent implementation of a national policy to crack down on all forms of call centre scams, online fraud, and illegal gambling, which are now considered threats to national security.
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.
Social distancing is practiced at a mobile phone store in Bangkok, Thailand (Photo: VNA) 
