Cash-for-tourists campaign a hit with businesses

By The Nation

 

 

Finance Minister Uttama Savanayana is confident that 40,000 retailers, restaurateurs and service agencies will soon be signed up for the government’s “Eat, Shop, Use” tourism-stimulus campaign now that 32,000 have already registered.

 

Uttama said on Friday (September 13) that 32,000 businesspeople had registered via the Thung Ngern Pracharat mobile application.

 

“We set a target of 40,000 shops and that should be achieved before the September 20 deadline,” he said. “Combined with 80,000 entrepreneurs who registered earlier this year, we will have about 120,000 shops where tourists can spend the Bt1,000 they’ll receive from the government.”

 

Participating stores, restaurants and service outlets will display a sticker in their front windows letting visitors know they can spend their government “coupon” there.

 

Uttama had a second announcement on Friday, saying financial aid for in-season rice farmers would be distributed next week.

 

“This is part of the government’s policy to help farmers affected by the drought earlier this year,” he said. “The Bank for Agriculture and Agricultural Cooperatives is ready to deliver cash to two million farmers starting next week at the rate of Bt500 per rai, up to maximum of 20 rai per person.”

 

Source: https://www.nationthailand.com/news/30376174

 

-- © Copyright The Nation Thailand 2019-09-13

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wow you got pay people thousand baht to come holiday in thailand, must be a dump if not coming on own free will !

4 minutes ago, BuckBee said:

wow you got pay people thousand baht to come holiday in thailand, must be a dump if not coming on own free will !

Isn't this the travel coupon being offered to Thais?

4 minutes ago, BuckBee said:

wow you got pay people thousand baht to come holiday in thailand, must be a dump if not coming on own free will !

 

I'm sure that it is for domestic tourism. 

Thing is though, your Thai central bank have allowed everyone to get into serious debt and have not shown the spine to curtail it until it has got to the end of the line. It is not sustainable to just keep on throwing money at things and expecting people to borrow more all the time. Ever wondered why there is so much money coming out of China? That's because trouble is coming and this always happens before a crash. Things are not right. 

Edited September 13, 20196 yr by Sir Dude

44 minutes ago, Sir Dude said:

Thing is though, your Thai central bank have allowed everyone to get into serious debt and have not shown the spine to curtail it until it has got to the end of the line. It is not sustainable to just keep on throwing money at things and expecting people to borrow more all the time. Ever wondered why there is so much money coming out of China? That's because trouble is coming and this always happens before a crash. Things are not right. 

Once the Chinese need to withdraw their hot money out of Thailand, the baht will plummet to 33 to the dollar, and Thailand into a recession. Expect that to happen before 2023.

 

A drowning man will clutch at a straw....but no pitty in my camp...

3 hours ago, StayinThailand2much said:

Expect that to happen before 2023.

According to Zager and Evans this will not happen till in the year 2525.

Who will receive? Wasn't this going to the poorest Thais last I'd read? Certainly the middle class doesn't need a free lunch (literally). Poor Thai don't eat out much or shop outside big box or mom pop stores. Doubt the money leaves their provinces which is prolly good.

 

A real silly idea. Literally bread and circuses. The FSA comes to Thailand.

Edited September 13, 20196 yr by Number 6

I think the idea is to give the voucher to the less needy who will dine and spend more, what the businesses who signed up do not want is a small family come in spend 850baht and then look for the change

20 hours ago, Sir Dude said:

trouble is coming and this always happens before a crash.

How long before Prayut copies what Chavalit did in '97?

 

As for this scheme, it's just a bandaid and does not get to the root cause of the problem.

 

Hmmm thinks,... would they like to give us a coupon for each visit we make to Immigration?

Edited September 14, 20196 yr by DaRoadrunner

21 hours ago, JamJar said:

 

I'm sure that it is for domestic tourism. 

If it was for foreigner tourists, then the promotion would be "Eat, Shop, Track, Report Farang's Location" where retailers would be collecting biometric data on foreigners and in return handing out "free" TM-30 forms to all foreigners spending 100 THB or more.  ????