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Thai handout scheme cut, with funds heading to new stimulus
The Straits Times
|May 17, 2025
Move comes amid economic uncertainties caused by trade war and US tariff measures
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BANGKOK - The Thai government has scrapped its plan to distribute 10,000 baht (S$390) via the digital wallet programme - one of its flagship policies - and will instead reallocate more than 150 billion baht towards a new economic stimulus plan.
This decision comes amid escalating global economic uncertainties caused by the trade war and the recent imposition of US tariff measures, which have affected the global economy as well as Thailand's exports and manufacturing sectors.
Deputy Prime Minister and Finance Minister Pichai Chunhavajira stated that the Economic Stimulus Policy Committee, chaired by Prime Minister Paetongtarn Shinawatra, will meet at the Government House on May 19.
The Finance Ministry will propose new measures to stimulate the economy and mitigate the impact of the US' reciprocal tariff measures, which are expected to affect domestic businesses over the next one to two years.
Dit verhaal komt uit de May 17, 2025-editie van The Straits Times.
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