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Thailand: Bt51bn consumption stimulus package gets green light

  • Sep 17, 2020
The government’s Centre for Economic Situation Administration (CESA) on Wednesday approved a three-month consumption stimulus package worth Bt51 billion.

The “Kon La Khreung” (Let’s Go Halves) package will cover 24 million people in two groups.

In the first group, 14 million welfare cardholders will receive an extra monthly discount of Bt500 from October to December on their shopping. The budget for this scheme is Bt21 billion.

The second group of 10 million registrants will get daily discounts of Bt100 on food, beverages and household essentials (not including alcohol, tobacco or lottery tickets), capped at Bt,3000 per person. Thai citizens aged 18 or over can register online.

A CESA meeting chaired by PM Prayut Chan-o-cha agreed on a Bt51-billion budget to maintain domestic consumption and increase purchasing power for low-income groups and the general public, as proposed by the Finance Ministry.

The budget will be allocated from the government’s Bt400 billion recovery loan and proposed to the Cabinet on September 22, with registration scheduled to open on October 16.

About 100,000 small stores and street vendors are expected to participate.

Source: https://www.nationthailand.com/business/30394654?utm_source=category&utm_medium=internal_referral