Lackluster response to Thailand’s “Ying Chai Ying Dai” stimulus scheme

[webfact]

People walk in a street food market in Bangkok on June 9, 2020. (Photo by Mladen ANTONOV / AFP)

 

Only about 310,000 Thais have joined the Finance Ministry’s “Ying Chai Ying Dai” (The More You Spend, the More You Get) stimulus scheme, launched on Monday in the hope of encouraging people with high purchasing power to spend to stimulate the struggling economy.

 

Finance Permanent Secretary Krisana Jinavijarana said yesterday (Tuesday) that the number of registrants in the first two days is far below the set target of 3.6 million, noting that it may be possible that those who have high purchasing power are more interested in the 50:50 co-payment scheme or, probably, because they want to save the taxpayer’s money by not joining the “Ying Chai Ying Dai” program.

 

He said, however, that, even if the number of registrants does not reach the target, the Finance Ministry has no contingency plan to roll out any more stimulus schemes or to increase the amount of the co-payment scheme from 3,000 baht/head to 6,000 baht for a six-month period.

 

Full story: https://www.thaipbsworld.com/lackluster-response-to-thailands-ying-chai-ying-dai-stimulus-scheme/

 

-- © Copyright Thai PBS 2021-06-23

 

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[Surelynot]

1 minute ago, webfact said:

because they want to save the taxpayer’s money

That made me laugh

[Justgrazing]

53 minutes ago, webfact said:

“Ying Chai Ying Dai”

 

Need to throw a couple of Yang's in there as well .. Jing Jing .. 

[Surelynot]

5 minutes ago, Justgrazing said:

 

Need to throw a couple of Yang's in there as well .. Jing Jing .. 

UK public can only cope with three word slogans....so the Thais have us beat there.....

 

Hands face space

Build back better

Oven ready deal

Get Brexit done

Take back control

Brexit means Brexit

 

Although they did stretch to Eat out to spread it about and Starve a kid to save a quid.

[nausea]

Money runs out eventually, in a failed country. Thailand was always presupposed on a vibrant tourist industry. We'll go back to sleepy fishing villages, not a bad thing probably. 

[hotchilli]

17 hours ago, webfact said:

Only about 310,000 Thais have joined the Finance Ministry’s “Ying Chai Ying Dai” (The More You Spend, the More You Get) stimulus scheme, launched on Monday in the hope of encouraging people with high purchasing power to spend to stimulate the struggling economy.

Sounds more like: Ker-ching

[brommers]

These government lackeys live in a dream world. Dont they realise that a vast part of the population are living hand to mouth. They can only spend the cash in their pockets on life's essential items and have no ability to spend more to save more. These simplistic giveaways are long past their shelf life, people need practical assistance not non-incentives such as this one.

[Andycoops]

20 hours ago, Surelynot said:

That made me laugh

And me, it's a cop out as so few people have registered and he's surely joking, if as is claimed it's aimed at the richer Thais, if they could care less about saving taxpayer money.

[bangon04]

"no contingency plan to roll out any more stimulus schemes or to increase the amount of the co-payment scheme from 3,000 baht/head to 6,000 baht for a six-month period."

 

surely they realise that a YSL handbag costs more than 6000 Baht??