‘Eat, Shop, Spend’ campaign a big hit among Thai spenders

By THE NATION

 

 

The government's “Eat, Shop, Spend” campaign has been highly successful in all three phases in boosting domestic consumption, a Finance Ministry official said.

 

Lavaron Sangsnit, director-general of the Fiscal Policy Office and Finance Ministry spokesman, said the campaign had been especially successful in boosting spending via the second g-wallet that requires money top up via the Pao Tang mobile application to receive cash-back rewards.

 

“Since the start of the campaign on September 27 to November 28, 11,761,099 people registered in all three phases with combined spending of Bt16.535 billion,” he said. “In phases 1 and 2, registrants get Bt1,000 transferred to their first g-wallet to spend at eligible shops and service providers. In phase 3, however, registrants have to top up their second g-wallet to get 20 per cent cash back after spending.”

 

“Spending of the second g-wallet spiked as high as Bt353 million per day, with accumulated spending at Bt4.928 billion, a ten-fold increase from October’s total spending at Bt400 million, while the average spending per registrant stands at Bt23,109. This means the campaign has been extremely well received by the public and that registrants are willing to spend their money and didn’t register just to get cash handouts,” Lavaron said.

 

According to the director-general, present spending of second g-wallet is roughly one-third of the total spending in the entire campaign. The “Eat, Shop, Spend” campaign is still active, but currently it is open exclusively for registrants aged over 60 to make sure that all groups of population benefit equally. This long-running economic stimulus campaign will end on January 31.

 

Source: https://www.nationthailand.com/news/30378931

 

-- © Copyright The Nation Thailand 2019-12-01

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Free money a big hit, who would have thought it! ????

9 minutes ago, rooster59 said:

said the campaign had been especially successful in boosting spending

So you tell us again and again and again...

10 minutes ago, mok199 said:

So you tell us again and again and again...

Like a broken record... 

4 minutes ago, rooster59 said:

“Eat, Shop, Spend”

 

I thought they were  talking about my Girlfriend; A.K.A. 'The Baht Hoover'.

 

 

90% of the money got spent at BigC or Macro, in the next door province.

This is the sort of rubbish the Australian Government was doing post GFC, taking money out of the shop till to spend at the shop, to keep the shop open.

Its literally printing money.

How do I get a G-wallet and can I spend the free Bt.1000 at 7/11 on beer and ciggies ?

7 minutes ago, Peterw42 said:

90% of the money got spent at BigC or Macro, in the next door province.

This is the sort of rubbish the Australian Government was doing post GFC, taking money out of the shop till to spend at the shop, to keep the shop open.

Its literally printing money.

We literally went 100 meters into next province and went to tesco

3 minutes ago, Don Mega said:

How do I get a G-wallet and can I spend the free Bt.1000 at 7/11 on beer and ciggies ?

You need a Thai ID.

Jokes aside, beer and ciggies from Macro is literally where the money got spent.

1 minute ago, Peterw42 said:

You need a Thai ID.

Jokes aside, beer and ciggies from Macro is literally where the money got spent.

I could put on some lipstick and one of the missus's push up bra's and use her ID !!

1 hour ago, rooster59 said:

‘Eat, Shop, Spend’

Now expand that concept to 'Eat, Shop, Spend, Sleep, Laze, Facebook-Surf" and you've got a real winner at hand.

A post using inappropriate language has been removed. 

8 hours ago, rooster59 said:

Eat, Shop, Spend

This is what Thai people have been doing for years, on borrowed money. 

27 minutes ago, RotBenz8888 said:

This is what Thai people have been doing for years, on borrowed money. 

The government has that covered as the stimulus programmes also include easy access low interest loans so the punters can borrow more and and go further into debt while keeping on spending, spending and spending.

Every Thai I know who has taken advantage of this has simply driven to the next nearest neighboring province and spent it at TESCO.

Word form the wife says she couldnt even register and neither could  many of her friends....suspect total  flop

13 hours ago, rooster59 said:

‘Eat, Shop, Spend’

‘Eat, Shop, Spend’........not a problem!

The 1% filthy rich and elite friends of the government, politicians and military generals are doing it all the time. No worries, no need to register and no coupons needed.