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Chim Shop Chai campaign now generates some 10bn baht

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Chim Shop Chai campaign now generates some 10bn baht

 

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BANGKOK (NNT) - The Chim Shop Chai campaign introduced to stimulate domestic spending has now generated some 10 billion baht, benefitting local businesses particularly at tourism attractions; however about 1.6 million eligible persons have not redeemed their entitlements.

 

The overall vlume of spending in the Chim Shop Chai campaign from 27th September until 14th October has reached 8.0711 billion baht, 7.967 billion of which is spending from the 1,000 baht per person e-wallet allowance, and 104 million baht from regular spending via the wallet app offering discounts. The overall figure is comprised of 741.2 million baht on food purchases, 3.2427 billion baht in the shopping category, 72.6 million baht in the general spending category, and 1.5783 billion baht for purchases at general stores.

 

During this period, 8.32 million registered users have already redeemed their allowances and made eligible purchases, while there are still 1.67 million registered users who have yet to make redemptions or purchases. Most of the purchases and redemptions were made in Bangkok and totalling 1.048 billion baht, followed by Chonburi at 521.4 million baht, and Samut Prakan at 344.7 million baht. Tourism provinces such as Chiang Mai now has gross purchases of 182.3 million baht, with Chiang Rai at 79.7 million baht.

 

During the recent End of Buddhist Lent long weekend on 12th-14th October, many more people made eligible purchases in the campaign, especially outside of Bangkok at major tourism attractions, with the spending amount during this period alone, reaching 1.842 billion baht.

 

After controversial coupon redemption offers in the campaign allowance, the Ministry of Finance has thanked participating stores, modern traders, and convenience stores who have cooperated and stopped such promotions to ensure better money distribution among local independent stores.

 

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4 hours ago, webfact said:

BANGKOK (NNT) - The Chim Shop Chai campaign introduced to stimulate domestic spending has now generated some 10 billion baht,

Yeah right !

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The source of that story doesn't surprise me. 

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4 hours ago, ColinChapman said:

These figures appear to be the total amount spent, they don't provide the figures for how much would normally be spent so we can't know how much extra spending was generated. 

Huh? This is an extra 10M "demand" plugged into the economy, helping not just the economy but the "non hi so" citizen. Plus, since this was money spent in Thailand (i.e, the gov't didn't allocate it for Chinese submarines), there's a multiplier effect that expands the value of this 10M insert. Yeah, small economic step -- but one of many in the right direction (thank you Prayut for hiring Somkid). I really doubt we would have seen anything better had that previous lady in charge been still running things....

 

So, ok, illegitimate government due to the coup; now rectified somewhat with a curious democratic election (but no more curious than some other Asian "democracy" elections, e.g., Singapore). But, the economic data looks good (maybe too good, thus the strong baht): Current Account (balance of payments) is huge compared to previous eras; and debt to GDP ratio (42% vs 110% in the US) is a world leader -- and provides for the stimulus programs currently being mentioned/implemented.

 

Anyway, the folks (all farangs, probably) I see on this forum all seem to be so negative about a legitimate effort to improve matters here in Thailand. Sure, an illegitimate beginning -- but do you really think Prayut's heart is not in the right place? If so, what makes you think that? Maybe you like the Maduro/Venezuelan model better....

 

No, I'll continue to get the Thai input about the Prayut gov't from my Thai wife (and her Thai associations and newspapers). Meanwhile, I'll continue to read in Thai English newspapers all the criticisms about the current government -- criticisms never allowed in Malaysian newspapers about their government.

 

So, after five years, no blood in the streets; economy plugging along nicely, with room to play (but, sure, also feeling somewhat the world's recent recession tendency); and politics, hopefully, looking for a smooth landing. The average Thai can't feel too bad about all of this. Just hope the young idealists, and their budding politics, soon get a dose of maturity and reality. Sadly, however, it becomes like religion -- and the concept of reality dissappears.

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12 minutes ago, JimGant said:

-- but do you really think Prayut's heart is not in the right place? If so, what makes you think that?

I really think his heart is not in the right place.

 

Main reason is that he does what is best for him (and therefor his buddies), something that sometimes coincides with what is best for the country, instead of always prioritizing the country.

 

Now let me turn the question around. Why would someone think his heart is in the right place? Just because the country has benefited from some things he does? Isnt that an absurd point to start with?

 

Isn't he destroying democracy, worked behind the scenes to organize street protests, did a coup, had his soldiers open fire on the thai population, got unusually wealthy, put his friends and family in powerful and lucrative positions, stacked government bodies with henchmen, pushed through a new constitution weakening checks and balances and giving power to him and his buddies for decades to come, defended his watch-collecting friend, defended his drug-smuggling friend, got protesting students arrested, mocked and denigrated journalists asking questions, made false promises when re-elections would take place, took out political opponents from that election, had the EC change election rules so he could win, prioritized military toys over everything else, tried to put himself in the picture whenever some citizen did something good (bodyslam Toon for example), etc, etc, etc.

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1 hour ago, Bob12345 said:

Why would someone think his heart is in the right place? Just because the country has benefited from some things he does? Isnt that an absurd point to start with?

No. How he came to power initially shouldn't taint all subsequent actions. Actually, many nations in this world would benefit from a benevolent dictator -- if they could find one -- vice some bozo put in office thru a sham election. But, the ivory tower crowd in the West loves the machinations of the ballot box.

 

Quote

Isn't he destroying democracy, worked behind the scenes to organize street protests, did a coup, had his soldiers open fire on the thai population, got unusually wealthy, put his friends and family in powerful and lucrative positions, stacked government bodies with henchmen, pushed through a new constitution weakening checks and balances and giving power to him and his buddies for decades to come

"Open fire on the Thai population, got unusually wealthy..." where are you getting all this misinformation? There's been no political blood in the streets since he arrived. "Unusually wealthy" -- we've seen no signs of that. Does he have a few trinkets in the closet from his general days -- sure, corruption is endemic in Thailand, and most of Asia. Has he put an end to corruption? Of course not -- who could?

 

Anyway, I feel the average Thai, who probably doesn't care about or think about politics one way or the other, would give Prayut a pass: Sun comes up in the morning; eat three meals a day; sit on a crowded bus, in traffic, for two hours per day; paycheck the same; watch TV at night; blah blah. Government changes nothing, nor can they, at least with any magnitude. At least there seems to be some stability in all of this -- which is calming in itself.

 

And for the average guest farang (which probably isn't representative on this forum), why would he have any issues with the Prayut government..... except for why they can't straighten out Immigration issues with long term stay. Geez.

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3 hours ago, JimGant said:

No. How he came to power initially shouldn't taint all subsequent actions. Actually, many nations in this world would benefit from a benevolent dictator -- if they could find one -- vice some bozo put in office thru a sham election. But, the ivory tower crowd in the West loves the machinations of the ballot box.

 

"Open fire on the Thai population, got unusually wealthy..." where are you getting all this misinformation? There's been no political blood in the streets since he arrived. "Unusually wealthy" -- we've seen no signs of that. Does he have a few trinkets in the closet from his general days -- sure, corruption is endemic in Thailand, and most of Asia. Has he put an end to corruption? Of course not -- who could?

 

Anyway, I feel the average Thai, who probably doesn't care about or think about politics one way or the other, would give Prayut a pass: Sun comes up in the morning; eat three meals a day; sit on a crowded bus, in traffic, for two hours per day; paycheck the same; watch TV at night; blah blah. Government changes nothing, nor can they, at least with any magnitude. At least there seems to be some stability in all of this -- which is calming in itself.

 

And for the average guest farang (which probably isn't representative on this forum), why would he have any issues with the Prayut government..... except for why they can't straighten out Immigration issues with long term stay. Geez.

No. How he came to power initially shouldn't taint all subsequent actions. Actually, many nations in this world would benefit from a benevolent dictator -- if they could find one -- vice some bozo put in office thru a sham election. But, the ivory tower crowd in the West loves the machinations of the ballot box.

Its about thailand, not about "many nations that would benefit". You type a lot, but say absolutely nothing.

Name me a country that is doing well under a dictator....

 

"Open fire on the Thai population, got unusually wealthy..." where are you getting all this misinformation?

I dont know, the UN or something who did some looking into the killing of people. What do they know?

 

There's been no political blood in the streets since he arrived.

No, he was the instigator of the protests and the violence that put him into power... although, according to Suthep (but what can he know, right?).

Why would he organize new protests when he is already in power?

You sound absurd.

 

"Unusually wealthy" -- we've seen no signs of that.

He is wealthy, and it cannot come from his salary. 

Where it did come from he chose not to disclose.

Everyone needed to tell their wealth when being in office... except a few... Why would that be?

Engage brain....

 

Does he have a few trinkets in the closet from his general days -- sure, corruption is endemic in Thailand, and most of Asia.

Military coups and killing the Thai population is also endemic in Thailand... why be bothered about it?

Is that the standard you are holding people against?

You have become more Thai than the average Thai. Congrats.

 

Has he put an end to corruption? Of course not -- who could?

He did a coup to end corruption, don't you remember?

So it is clearly impossible to stop... then why do a coup to end something that cannot be stopped?

 

 

You are either terribly uninformed or trolling.

 

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