Dutch Man Arrested at Phuket Airport for Entering and Staying in Thailand Without Proper Documents
By
webfact
in Phuket News
-
Recently Browsing 0 members
- No registered users viewing this page.
-
Topics
-
-
-
Popular Contributors
-
1
-
2
-
3
-
4
-
5
-
-
-
Latest posts...
-
0
Economy Thailand Allocates 42 Billion Baht to Counter US Trade Impact
Photo courtesy of Bloomberg In an urgent move to support local businesses, the Thai government has redirected 42 billion baht from a digital wallet scheme to combat the economic repercussions of the United States’ stringent tariff policies. This decision comes as the US trade measures, initiated under President Trump, begin to significantly affect Thai entrepreneurs. An anonymous source from Government House has disclosed that these tariffs could severely impact local enterprises. As a countermeasure, the economic stimulus committee has resolved to use these funds to mitigate the fallout and prevent potential job losses. Finance Minister Pichai Chunhavajira has confirmed this reallocation, stating that most of the unspent funds from the government’s 157-billion-baht stimulus budget will now address these trade challenges. “Our priority is immediate support for businesses facing disruption,” Pichai affirmed, noting that tax negotiations with the US are progressing. “I’ll be sending responses to their queries today.” When questioned about securing similar tariff terms to other ASEAN nations, Pichai remained optimistic but cautious, saying, “As the negotiator, I remain hopeful.” Originally intended for a digital wallet distribution programme, this unspent budget has transformed into a crucial resource for shoring up Thailand’s underperforming economy. Deputy Prime Minister and Interior Minister Phumtham Wechayachai, acting as interim prime minister, emphasized the urgency of strengthening the economic structure. “The current investment ratio to GDP is alarmingly low. We must address these structural weaknesses promptly before they worsen,” Phumtham stated during a committee meeting. Of the initial 157 billion baht economic plan, 115 billion had been set aside in June for infrastructure projects such as roads and waterworks, projected to boost GDP by 0.4 to 0.5 percentage points. This left 42 billion baht now allocated for private sector support. Deputy Government Spokesperson Sasikarn Wattanachan underscored that the budget reallocation is about more than just filling the gaps. “We must stimulate growth and prepare our economy for future challenges,” she remarked. “This includes supporting affected businesses, enhancing competitiveness, and investing in human capital.” The committee is tasked with meticulously evaluating new proposals to ensure they comply with legal standards, maximise public benefit, and align with long-term reform objectives. Officials highlight that the ongoing tariff dispute with the US has revealed vulnerabilities in Thailand’s export-dependent economy that cannot be overlooked any longer. In essence, this strategic budget shift represents not only an immediate response to international trade pressures but also a broader initiative to fortify the Thai economy against future challenges. As negotiations continue, the government remains focused on safeguarding and stimulating its business landscape while adapting to evolving global trade dynamics. Adapted by ASEAN Now from The Thaiger 2025-07-25 -
6
Russia threatens UK with nuclear annihilation in unhinged WW3 rant
If you mean Russia then their systems have been standing toe to toe with US/NATO systems for the past few years..outdated ?? why reinvent the wheel when it works perfectly well ? -
28
Report Thailand on Edge: Nationalist Rally Targets Cambodians After Flag Controversy
...One Way To 'Forgive & Forget' Any Government Wrongdoings Or Shortcomings... (?) -
42
Starmer condemns ‘indefensible’ starvation of Palestinians in Gaza
Yet more trolling if your mendacity. -
55
Middle East Macron's Bold Move: France to Recognise Palestinian State
I can't answer that but I would bet good money that if they did get the hostages out, they would then move in to completely raze Gaza to the ground and try to move the Palestinians out to elsewhere. Once that had been done, then Hamas would control nothing. IMO, Palestinians have been complicit in the formation and support of Hamas and now they are reaping the rewards that they didn't foresee. -
71
Analysis Rising Tensions: Is Full-Scale War Looming on Thailand-Cambodia Border?
The stupidity is mindboggling! Imagine starting a war over a small piece of land with some old useless ruins! Who are these morons in government actually???? Retards??😫
-
-
Popular in The Pub
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now