webfact Posted March 24, 2020 Share Posted March 24, 2020 Thailand approves $3.3 billion stimulus to ease coronavirus impact Government senior officials, wearing protective face masks due to the coronavirus disease (COVID-19) outbreak, attend a teleconference for a weekly cabinet meeting with ministers at the Government House in Bangkok, Thailand, March 24, 2020. Thailand Government House/Handout via REUTERS BANGKOK (Reuters) - Thailand's cabinet on Tuesday approved additional stimulus measures worth 107 billion baht ($3.25 billion) in a bid to mitigate the impact of the coronavirus outbreak. The measures include cash handouts, soft loans, emergency loans, tax breaks, Deputy Prime Minister Somkid Jatusripitak told reporters after a cabinet meeting. Earlier on Tuesday, Thailand reported 106 new coronavirus cases and 3 more deaths, taking the total to 827 cases and 4 deaths. (Reporting by Kitiphong Thaichareon; Satawasin Staporncharnchai and Orathai Sriring; Editing by Louise Heavens) -- © Copyright Reuters 2020-03-24 Follow Thaivisa on LINE for breaking COVID-19 updates 1 Link to comment Share on other sites More sharing options...
Popular Post smedly Posted March 24, 2020 Popular Post Share Posted March 24, 2020 since the big players in government own a huge part of business in Thailand, were is this money going, I am sure it will all be accounted for 2 1 1 Link to comment Share on other sites More sharing options...
Popular Post Phuketshrew Posted March 24, 2020 Popular Post Share Posted March 24, 2020 More swill for the trough ... 3 1 Link to comment Share on other sites More sharing options...
Popular Post Assurancetourix Posted March 24, 2020 Popular Post Share Posted March 24, 2020 Only 3 billion US dollars? for a country of 67 million inhabitants .... France, which has roughly the same number of inhabitants, has already released almost one trillion euros; over one trillion US dollars .. We see the whole difference between the 5 * country in the world, economically speaking, and a third world country ... 5 1 1 Link to comment Share on other sites More sharing options...
Grumpy John Posted March 24, 2020 Share Posted March 24, 2020 A bit short on details as to where the money is going. Can I assume they will leave a few million for the peasants to fight over? 1 1 1 Link to comment Share on other sites More sharing options...
HaoleBoy Posted March 24, 2020 Share Posted March 24, 2020 Will this Stimulus Measure cover the costs of CV-19 testing for Thai's? Or has this already been done prior to this measure? 1 Link to comment Share on other sites More sharing options...
Creasy Posted March 24, 2020 Share Posted March 24, 2020 Chump change. But I wouldn't expect anything else from the cretins in charge of Thailand 1 Link to comment Share on other sites More sharing options...
LordSomchai Posted March 24, 2020 Share Posted March 24, 2020 3.3 billion, remove another 30 per cent for admin fees and it wont be a lot 1 Link to comment Share on other sites More sharing options...
stevenl Posted March 24, 2020 Share Posted March 24, 2020 Finally clarity. Link to comment Share on other sites More sharing options...
legend49 Posted March 25, 2020 Share Posted March 25, 2020 15 hours ago, Assurancetourix said: Only 3 billion US dollars? for a country of 67 million inhabitants .... France, which has roughly the same number of inhabitants, has already released almost one trillion euros; over one trillion US dollars .. We see the whole difference between the 5 * country in the world, economically speaking, and a third world country ... We need some cash to buy submarines with have you forgotten, buy 2 get one free? 1 1 Link to comment Share on other sites More sharing options...
hotchilli Posted March 25, 2020 Share Posted March 25, 2020 18 hours ago, webfact said: Thailand's cabinet on Tuesday approved additional stimulus measures worth 107 billion baht ($3.25 billion) in a bid to mitigate the impact of the coronavirus outbreak. Forget the stimulus package, use the money to buy test kits and give the service free to the people. 1 Link to comment Share on other sites More sharing options...
brain150 Posted March 25, 2020 Share Posted March 25, 2020 Inflation and then hyper inflation ... it's always the same ! You can't print your way out of a crisis - never worked and never will. 1 Link to comment Share on other sites More sharing options...
JackThompson Posted March 25, 2020 Share Posted March 25, 2020 The sane move was to cover payrolls for all workers who STAYED PUT - who did NOT return to their provinces. This prevents spread of the disease (especially to elderly relatives in provinces) AND keeps businesses on "warm shutdown" - ready to immdiately start back up, fully-staffed, when an effective treatment regimen is demonstrated and available. And as to this new rule starting tomorrow - one shuts down transportation w/o warning to stem the spread of an outbreak - not announce it days in advance, so the carriers can run in every direction to beat the deadline (as happened in Italy, when the plan 'leaked'). 1 Link to comment Share on other sites More sharing options...
Greenhill Posted March 25, 2020 Share Posted March 25, 2020 Let's face it, they just haven't got a clue what to do!! 1 Link to comment Share on other sites More sharing options...
Leaver Posted March 25, 2020 Share Posted March 25, 2020 4 hours ago, Greenhill said: Let's face it, they just haven't got a clue what to do!! They know exactly what needs to be done. They just don't want to lose MONEY doing it, or have it cost them the real figure of MONEY needed to do it. $3.3 billion dollars of Thai smoke and mirrors. 1 Link to comment Share on other sites More sharing options...
tingtong Posted March 25, 2020 Share Posted March 25, 2020 On 3/24/2020 at 3:35 PM, Assurancetourix said: Only 3 billion US dollars? for a country of 67 million inhabitants .... France, which has roughly the same number of inhabitants, has already released almost one trillion euros; over one trillion US dollars .. We see the whole difference between the 5 * country in the world, economically speaking, and a third world country ... about 1500 thb per person... .....if would go directly to ppl, which in Thailand never the case.... that said, in a country where 'standard' old age pension is 800thb, and there is literally zero financial aid for families with kids....1500thb a person could mean a lot! arguable could be a lot more, but submarines are expensive, and so is renting entire hotels in certain western country. priorities are priorities! 1 1 Link to comment Share on other sites More sharing options...
racket Posted March 25, 2020 Share Posted March 25, 2020 On 3/24/2020 at 3:35 PM, Assurancetourix said: Only 3 billion US dollars? for a country of 67 million inhabitants .... France, which has roughly the same number of inhabitants, has already released almost one trillion euros; over one trillion US dollars .. We see the whole difference between the 5 * country in the world, economically speaking, and a third world country ... Thailand doesn't have the same purchasing power compared to France, everything is relative since Thailand's GDP is 20% the size of France. Link to comment Share on other sites More sharing options...
MaiDong Posted March 25, 2020 Share Posted March 25, 2020 Most households in my Soi are still waiting for their B500 payout from the flood 9 years ago, that's an indication as to where this money will go. Link to comment Share on other sites More sharing options...
yourauntbob Posted March 25, 2020 Share Posted March 25, 2020 On 3/24/2020 at 4:35 AM, Assurancetourix said: Only 3 billion US dollars? for a country of 67 million inhabitants .... France, which has roughly the same number of inhabitants, has already released almost one trillion euros; over one trillion US dollars .. We see the whole difference between the 5 * country in the world, economically speaking, and a third world country ... Yea, the "5*" countries need more help propping up the house of cards Link to comment Share on other sites More sharing options...
yourauntbob Posted March 25, 2020 Share Posted March 25, 2020 16 hours ago, brain150 said: Inflation and then hyper inflation ... it's always the same ! You can't print your way out of a crisis - never worked and never will. Yep, they never learn that the companies that got over leveraged need to be able to fail. the "fix" they did in 2000 lead directly to 2009. the fix for 2009 lead directly to 2020 the fix they are trying for this may bring the whole system down the economy needs to restructure. people need to go bankrupt, and assets need to be reallocated Link to comment Share on other sites More sharing options...
metisdead Posted March 26, 2020 Share Posted March 26, 2020 A funny post of a crude nature has been removed. Link to comment Share on other sites More sharing options...
chainarong Posted March 26, 2020 Share Posted March 26, 2020 On 3/24/2020 at 4:35 PM, Assurancetourix said: Only 3 billion US dollars? for a country of 67 million inhabitants .... France, which has roughly the same number of inhabitants, has already released almost one trillion euros; over one trillion US dollars .. We see the whole difference between the 5 * country in the world, economically speaking, and a third world country ... The sum offered by the Thai government to its people is miserable, the Oz government for all of its faults besides spending billions on bushfire relief has given out about half a trillion last week basically everybody in some way or another is covered for six months, the problem is if the virus goes on for sometime, the Government is on a war time footing has a national government and emergency powers enacted the problem lies when all this is over, the government is printing money it hasn't got , that has to be repaid, I will be well and truly dead and buried before Oz fully recovers. 1 Link to comment Share on other sites More sharing options...
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