webfact Posted August 8, 2019 Share Posted August 8, 2019 Bt170-bn stimulus to focus on tourism boost as economy slows By The Nation Lavaron The Bt170 billion government stimulus package will be submitted for Cabinet approval on August 19, say top Finance Ministry officials. Lavaron Sangsnit, the director general for the fiscal policy office, said today (August 8 ) that the package aims to boost inbound tourism, and promote travel within the country by both Thais and foreign tourists. The stimulus will also support farmers, small businesses and middle income earners, he said. The package comes after a sharp slowdown in economic growth to 2.8 per cent in the first quarter. The government is also worried that a stronger baht and weaker Chinese yuan would adversely affect the number of Chinese tourists visiting Thailand. The Bank of Thailand on Wednesday cut its policy rate by 25 basis points to 1.5 per cent, in a move intended to drive the economy, he said. Source: https://www.nationthailand.com/business/30374470 -- © Copyright The Nation Thailand 2019-08-08 Follow Thaivisa on LINE for breaking Thailand news and visa info Link to comment Share on other sites More sharing options...
Popular Post trainman34014 Posted August 8, 2019 Popular Post Share Posted August 8, 2019 'Stimulus Package' for Corrupt Officials to get their teeth into ! 4 3 1 Link to comment Share on other sites More sharing options...
Popular Post aqua4 Posted August 8, 2019 Popular Post Share Posted August 8, 2019 37 minutes ago, webfact said: ... the package aims to boost inbound tourism, and promote travel within the country by both Thais and foreign tourists... and the stimulus will also support farmers, small businesses and middle income earners What type of package is that? It covers everything from tourism to durian growers. 2 1 Link to comment Share on other sites More sharing options...
Popular Post zydeco Posted August 8, 2019 Popular Post Share Posted August 8, 2019 45 minutes ago, webfact said: he package aims to boost inbound tourism, and promote travel within the country by both Thais and foreign tourists. As long as I have to worry about TM 30s, I'm not going anywhere. 7 1 Link to comment Share on other sites More sharing options...
Cadbury Posted August 8, 2019 Share Posted August 8, 2019 57 minutes ago, webfact said: The stimulus will also support farmers, small businesses and middle income earners, he said. Yes but in the fine print the stimulus to these people is in the form of making state bank loans easily available to them. To quote: "Stimulus of financial measures and aid to workers, farmers and small business with bank loans". Great support that is! Surely it will drive them deeper into debt. Fix one problem and create another. As usual no thought given to the consequences. https://www.thaiexaminer.com/thai-news-foreigners/2019/07/18/new-thai-government-economic-stimulus-minister-somkid-thailand-airports-drop-passengers/ 2 Link to comment Share on other sites More sharing options...
StayinThailand2much Posted August 8, 2019 Share Posted August 8, 2019 38 minutes ago, Cadbury said: "Stimulus of financial measures and aid to workers, farmers and small business with bank loans". Offer me, foreign devil expat, a credit card, and I will spend, spend, spend... Link to comment Share on other sites More sharing options...
RichardColeman Posted August 8, 2019 Share Posted August 8, 2019 Ah, the old "get the suckers to spend their way out or our financial woes' routine Link to comment Share on other sites More sharing options...
FarFlungFalang Posted August 8, 2019 Share Posted August 8, 2019 Thai gov:Can I have 170 billion baht worth of advertisements for tourism please? Ad Agency: Certainly sir would you like a receipt for that? Thai gov:No thanks. 1 Link to comment Share on other sites More sharing options...
aqua4 Posted August 8, 2019 Share Posted August 8, 2019 3 hours ago, RichardColeman said: Ah, the old "get the suckers to spend their way out or our financial woes' routine Its like everywhere else. Run up your credit card and your grandchildren will pay for it long after you are gone. Link to comment Share on other sites More sharing options...
aqua4 Posted August 8, 2019 Share Posted August 8, 2019 5 hours ago, zydeco said: As long as I have to worry about TM 30s, I'm not going anywhere. Well at least you dont need to visit your mother-in-law anymore, otherwise she has to report you or get a massive fine. Link to comment Share on other sites More sharing options...
Almer Posted August 8, 2019 Share Posted August 8, 2019 (edited) 6 hours ago, zydeco said: As long as I have to worry about TM 30s, I'm not going anywhere. Agreed, why go to Pattaya, run the ladyboy gang gauntlet be charged extra because i was not born here and then me the wife and the landlord run around for 1/2 a day to make a grand entrance at IO and say IM BACK. Get wise Thailand its falling apart and not the fault of the minions. Edited August 8, 2019 by Almer Spelling 1 Link to comment Share on other sites More sharing options...
MrMuddle Posted August 8, 2019 Share Posted August 8, 2019 6 hours ago, zydeco said: As long as I have to worry about TM 30s, I'm not going anywhere. Me too, ridiculous law needs repealing ASAP Link to comment Share on other sites More sharing options...
Mavideol Posted August 8, 2019 Share Posted August 8, 2019 the best easiest and more efficient stimulus ??? depreciate the damn baht to 32 ish per USD and things will start to move back to the way they use to be 1 Link to comment Share on other sites More sharing options...
FarFlungFalang Posted August 8, 2019 Share Posted August 8, 2019 (edited) As long as I have to worry about TM 30s, I'm not going anywhere. "not an easy thing to live in fear" Leon in Blade Runner Edited August 8, 2019 by FarFlungFalang Link to comment Share on other sites More sharing options...
Sydebolle Posted August 8, 2019 Share Posted August 8, 2019 1) much too late for any stimulus; the TAT should have educated Thais how to deal with tourists before the tourists got properly shaft"*ç"d and are going elsewhere now 2) wondering, how the distribution key of this hell of an amount will look like Link to comment Share on other sites More sharing options...
Geoffggi Posted August 9, 2019 Share Posted August 9, 2019 Not rocket science ......... Baht too strong reduce it and exports will benefit and so will tourism ..!! Link to comment Share on other sites More sharing options...
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