Popular Post webfact Posted May 3, 2020 Popular Post Share Posted May 3, 2020 Thai tycoons loosen purse strings to help mitigate impact of Covid-19 By The Nation Nine of the country's richest business magnates have pledged projects worth billions of baht in response to Prime Minister Prayut Chan-o-cha's plea to them for contributions to rebuild the economy following the Covid-19 crisis. Dhanin Chearavanont, founder of CP Group, has donated Bt700 million to the government while Chalerm Yoovidhya of Red Bull has donated Bt300 million to the organisation established to help the public. Prasert Prasarttong-Osoth, the CEO of Bangkok Airways, has offered Bt100 million to the Public Health Ministry. Others have chosen different approaches to help the government. For example, Prayudh Mahagitsiri chairman of the PM Group, will purchase agricultural products from Lamphun province for six months, and Petch Osathanugrah, the CEO of Osotspa, will provide Bt100 million to launch a project helping people affected by Covid-19. Chuchat Petaumpai, the chairman of Muangthai Capital Pcl, is in discussions on providing assistance, Keeree Kanjanapas, the chairman of BTS Group Holdings Pcl, is preparing an aid project, and Chatchai Kaewbootta, CEO at Srisawad Corp Pcl, will help solve loan shark problems. Aiyawatt Srivaddhanaprabha, the CEO and chairman of King Power, is planning to launch a project with a budget of Bt1.5 billion to support medical, social, juvenile and tourism areas. Source: https://www.nationthailand.com/news/30387200 -- © Copyright The Nation Thailand 2020-05-04 - Whatever you're going through, the Samaritans are here for you - Follow Thaivisa on LINE for breaking COVID-19 updates 1 1 8 Link to comment Share on other sites More sharing options...
Popular Post Thaiwrath Posted May 3, 2020 Popular Post Share Posted May 3, 2020 (edited) How much has this <deleted> personally donated, ? Or is he one of the anonymous donors, to save face, and not embarrass himself ? Edited May 3, 2020 by Thaiwrath 14 3 7 Link to comment Share on other sites More sharing options...
Popular Post Don Mega Posted May 3, 2020 Popular Post Share Posted May 3, 2020 That article is misleading, CP has not donated 700m to the government. 175m was spent to set up a company to make facemasks. 200m was spent to supply food to medical staff under quarantine. 77m to 77 hospitals. 30m for equipment and WuFlu tests. 176m to project that provide to people affected by the WuFlu ETC ETC ETC... all done before the begging bowl went out and no doubt attract some healthy tax writes offs to boot !!! 11 7 Link to comment Share on other sites More sharing options...
Popular Post Thailand Posted May 3, 2020 Popular Post Share Posted May 3, 2020 Waving of big sticks effective? Lets hope it goes where it's needed. A weapons arsenal to keep Covid at bay perhaps. 3 Link to comment Share on other sites More sharing options...
Popular Post bodga Posted May 3, 2020 Popular Post Share Posted May 3, 2020 2 hours ago, webfact said: Chalerm Yoovidhya of Red Bull has donated Bt300 million To find his son? 5 1 27 Link to comment Share on other sites More sharing options...
Popular Post ezzra Posted May 3, 2020 Popular Post Share Posted May 3, 2020 2 hours ago, webfact said: Nine of the country's richest business magnates have pledged projects worth billions of baht The operative word here is "Pledged" let us wait and see if this pledge will translate into actual deeds as how much and soon really.... 12 2 1 Link to comment Share on other sites More sharing options...
Popular Post steven100 Posted May 3, 2020 Popular Post Share Posted May 3, 2020 It appears most if not all these pledges do not actually give food, water & medical supplies to the poor family in the village, as these pledges are given in " PM Group, will purchase agricultural products from Lamphun province for six months, and Petch Osathanugrah, the CEO of Osotspa, will provide Bt100 million to launch a project helping people affected by Covid-19. " The problem being as I see it, the purchasing of agricultural product for six months is useless in feeding a family for six months or getting the kids uniforms for school or paying their electric bill, and how can " launching a project " go to putting food on the table of the poor ? Rich people don't like parting with their cash as that's how they got where they are, by not giving money away. I would be very reluctant to call all of these philanthropists, maybe one or two max .... If you read the pledges it makes one think that some initiatives because of their complexity and process required to implement, will have little help for the poor and virus affect thereby actually resulting in a pledge costing little. 8 Link to comment Share on other sites More sharing options...
Popular Post OnTheGround Posted May 3, 2020 Popular Post Share Posted May 3, 2020 Will these pledged projects worth billions of baht actually help the needy? Those who stand in food lines every day? Those who applied for 5,000 baht handout and got denied? Wouldn't it just be much (better) easier to approve the 28 million applicants the 5,000 baht? 7 3 Link to comment Share on other sites More sharing options...
Popular Post colinneil Posted May 4, 2020 Popular Post Share Posted May 4, 2020 1 hour ago, ezzra said: The operative word here is "Pledged" let us wait and see if this pledge will translate into actual deeds as how much and soon really.... Exactly mate, Prayut pledged to help the needy, and look what happened about that. Easy to pledge to do something, but actions speak louder than words. 7 1 Link to comment Share on other sites More sharing options...
metisdead Posted May 4, 2020 Share Posted May 4, 2020 A troll post with corruption allegations has been removed. 1 1 Link to comment Share on other sites More sharing options...
Popular Post Dogmatix Posted May 4, 2020 Popular Post Share Posted May 4, 2020 4 hours ago, Don Mega said: That article is misleading, CP has not donated 700m to the government. 175m was spent to set up a company to make facemasks. 200m was spent to supply food to medical staff under quarantine. 77m to 77 hospitals. 30m for equipment and WuFlu tests. 176m to project that provide to people affected by the WuFlu ETC ETC ETC... all done before the begging bowl went out and no doubt attract some healthy tax writes offs to boot !!! Quite right. Most of these “donations” are either in fact investments or tax deductible donations from their businesses that were already done before the begging letter went out. Many of the businesses are listed companies. So other shareholders are also participating in these “donations”. 3 Link to comment Share on other sites More sharing options...
Popular Post crazykopite Posted May 4, 2020 Popular Post Share Posted May 4, 2020 Put my money on it that’s why we had a big u turn on the alcohol ban 6 Link to comment Share on other sites More sharing options...
smudger1951 Posted May 4, 2020 Share Posted May 4, 2020 As I am aware a majority of thais in Pattaya have had to survive the lockdown with no financial support or food distribution from official sources since March 23rd. 1 Link to comment Share on other sites More sharing options...
Popular Post Dogmatix Posted May 4, 2020 Popular Post Share Posted May 4, 2020 (edited) The flip side of this that is not being reported are the negotiations going between the billionaires and the government, particularly the 5 families thag bankrolled Palang Pracharat in the election, as to how the govt stimulus will get divvied up amongst their businesses and what commissions will be applicable. We can see that Bangkok Airways’ share price has been soaring on the prospect of a huge government bailout, while its major shareholder is listed as many a donation that is a fraction of what his monopolistic airline needs to be refloated. Meanwhile, the Thai Airways bailout, although not directly connected with the billionaires, is already a done deal. B70 billion of taxpayers’ money, or 0.6% of GDP, will be lavished on this zombie airline that was already technically insolvent before the pandemic, having been systematically mismanaged and plundered for decades. There is no requirement to change the board that lead it to the brink of bankruptcy. The board includes internationally renowned aviation experts, such as the National Police chief. Far better to distribute stimulus direct to the poor, rather than to the wealthy and corrupt. The poor will not salt if away in Swiss bank accounts. They will spend it immediately on daily necessities which will make the money circulate efficiently in the economy, reviving velocity of money to revive the economy. Edited May 4, 2020 by Dogmatix 7 Link to comment Share on other sites More sharing options...
Popular Post DPKANKAN Posted May 4, 2020 Popular Post Share Posted May 4, 2020 2 hours ago, bodga said: To find his son? Err. Not to!!???????????????????????????????? 3 Link to comment Share on other sites More sharing options...
metisdead Posted May 4, 2020 Share Posted May 4, 2020 A post using an animated trolling meme has been removed. 1 Link to comment Share on other sites More sharing options...
ChrisY1 Posted May 4, 2020 Share Posted May 4, 2020 Tax relief donations.....impossible to believe these rich "gave" money.....there would have been a sweetener from the government and likely in the form of tax waivers 1 Link to comment Share on other sites More sharing options...
Popular Post GlassWayOverHalfFull Posted May 4, 2020 Popular Post Share Posted May 4, 2020 The negativity in this group is just amazing. How do the people who post day in day out in this group go through life with this attitude. Not a single comment saying well done for any of the donations. 2 3 3 Link to comment Share on other sites More sharing options...
Popular Post JAG Posted May 4, 2020 Popular Post Share Posted May 4, 2020 4 minutes ago, GlassWayOverHalfFull said: The negativity in this group is just amazing. How do the people who post day in day out in this group go through life with this attitude. Not a single comment saying well done for any of the donations. That's because, you see, those posting don't believe that they are "no strings attached", no "quid pro quo" donations. Inexplicably, and quite remarkably given the countries recent political, social and economic history, no one seems to believe as you do. 7 2 Link to comment Share on other sites More sharing options...
Popular Post Srikcir Posted May 4, 2020 Popular Post Share Posted May 4, 2020 This is just a proposed recycling of some funds originating from the government (aka Thai taxpayers) paid to mega-corporations who won huge government contracts to build, ie., infrastructure projects. Basically a quid pro quo is not a donation. 4 Link to comment Share on other sites More sharing options...
Popular Post ronaldo0 Posted May 4, 2020 Popular Post Share Posted May 4, 2020 In other news , alcohol can now be purchased !! Such good timing ???????? 4 1 Link to comment Share on other sites More sharing options...
Popular Post hotchilli Posted May 4, 2020 Popular Post Share Posted May 4, 2020 6 hours ago, webfact said: Nine of the country's richest business magnates have pledged projects worth billions of baht in response to Prime Minister Prayut Chan-o-cha's plea to them for contributions to rebuild the economy following the Covid-19 crisis But questions still have to be asked of the government... where were all the trillions when it was needed. You kept boasting about being the best performing nation in Asia, having the best economy, highest monetary reserves etc etc. Where was it when the nation needed it? 5 1 Link to comment Share on other sites More sharing options...
Popular Post Jimbo2014 Posted May 4, 2020 Popular Post Share Posted May 4, 2020 6 hours ago, webfact said: Thai tycoons loosen purse strings to help mitigate impact of Covid-19 Well in a country with one of the largest wealth disparities in the world, where the wealthy have more money than they can ever spend in 100000 lifetimes, you would hope they could find some change under the sofa to throw to the starving masses. 9 Link to comment Share on other sites More sharing options...
Popular Post newnative Posted May 4, 2020 Popular Post Share Posted May 4, 2020 All looks vague and very skimpy; and, as several have said, none of it looks like it will go to those needing immediate help. Rather a embarrassing and pathetic response from the super-rich. 5 Link to comment Share on other sites More sharing options...
Popular Post steven100 Posted May 4, 2020 Popular Post Share Posted May 4, 2020 28 minutes ago, GlassWayOverHalfFull said: The negativity in this group is just amazing. How do the people who post day in day out in this group go through life with this attitude. Not a single comment saying well done for any of the donations. if you care to read my earlier post you may get a clearer picture ...... I believe the pledges are good news, however not really going to help the hungry family with no money .... are they ? 8 Link to comment Share on other sites More sharing options...
Popular Post madmitch Posted May 4, 2020 Popular Post Share Posted May 4, 2020 I note that the brewery magnates don't get mention! 1 2 Link to comment Share on other sites More sharing options...
hotchilli Posted May 4, 2020 Share Posted May 4, 2020 17 minutes ago, Jimbo2014 said: Well in a country with one of the largest wealth disparities in the world, where the wealthy have more money than they can ever spend in 100000 lifetimes, you would hope they could find some change under the sofa to throw to the starving masses. A bit like the crumbs the government sweeps off the fine dining table to give to the surfs? 1 Link to comment Share on other sites More sharing options...
MadMuhammad Posted May 4, 2020 Share Posted May 4, 2020 6 hours ago, Thaiwrath said: How much has this <deleted> personally donated, ? Or is he one of the anonymous donors, to save face, and not embarrass himself ? He’ll be donating plenty to Akara Resources Pcl sometime in the very near future ???? 2 Link to comment Share on other sites More sharing options...
Popular Post bodga Posted May 4, 2020 Popular Post Share Posted May 4, 2020 Really they could donate billions but how much actually gets to the people who need it, i bet more than half is LOST on the way. 3 Link to comment Share on other sites More sharing options...
Popular Post newnative Posted May 4, 2020 Popular Post Share Posted May 4, 2020 1 hour ago, GlassWayOverHalfFull said: The negativity in this group is just amazing. How do the people who post day in day out in this group go through life with this attitude. Not a single comment saying well done for any of the donations. Why would I say 'well done' when it wasn't. Basically, they are donating what amounts to loose change found under their sofa cushions and none of it will do much good to the very needy who are standing in long lines to get a bit of food or a 100 baht donation. If the response had been 'well done' I would have been the first to applaud it. It wasn't. Let's also remember that it's all 'pledges' so who knows if any of it will even materialize. By the way, I'm pledging here and now not to be so mean to these poor super-rich dudes. 5 Link to comment Share on other sites More sharing options...
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