webfact Posted June 26, 2020 Share Posted June 26, 2020 Thailand plans $2.6 billion projects for reviving virus-hit economy FILE PHOTO: A view of the business district is seen from the rooftop of the Baiyoke Sky Hotel during the coronavirus disease (COVID-19) outbreak in Bangkok, Thailand, April 29, 2020. REUTERS/Athit Perawongmetha BANGKOK (Reuters) - Thailand plans projects worth about 80 billion baht ($2.59 billion) for restoring an economy hit by the coronavirus pandemic, the state planning agency said on Friday. The projects are aimed largely at helping to boost the farm sector, tourism and consumption and would provide more than 400,000 jobs, Thosaporn Sirisumphand, head of the National Economic and Social Development Council, told a briefing. The plans are expected to be put to cabinet for approval on Tuesday. They will be financed by some of the government's 1 trillion baht of borrowing as it attempts to mitigate the impact of the outbreak on businesses and jobs. Though Thailand has so far reported only 3,162 infections and 58 deaths from COVID-19 and has lifted most restrictions, its economy has been badly hit by the global pandemic. Southeast Asia's second-largest economy could shrink 8.1% this year, the biggest contraction on record, according to the central bank. (Reporting by Kitphong Thaichareon and Satawasin Staporncharnchai; Writing by Orathai Sriring; Editing by Martin Petty) -- © Copyright Reuters 2020-06-25 - Whatever you're going through, the Samaritans are here for you - Follow Thaivisa on LINE for breaking COVID-19 updates Link to comment Share on other sites More sharing options...
4MyEgo Posted June 26, 2020 Share Posted June 26, 2020 (edited) Someone's thinking again, now that worries me, especially when people are starving all around Thailand. Edited June 26, 2020 by 4MyEgo 2 Link to comment Share on other sites More sharing options...
Popular Post Paiman Posted June 26, 2020 Popular Post Share Posted June 26, 2020 I have mixed feelings. At least it justifies a few meetings with some lavish dinners. 3 Link to comment Share on other sites More sharing options...
Popular Post worgeordie Posted June 26, 2020 Popular Post Share Posted June 26, 2020 Urgent ...need more troughs, they are overflowing. regards Worgeordie 2 3 Link to comment Share on other sites More sharing options...
Popular Post CorpusChristie Posted June 26, 2020 Popular Post Share Posted June 26, 2020 10 minutes ago, 4MyEgo said: Someone's thinking again, now that worries me, especially when people are starving all around Thailand. No one is "starving" in Thailand 5 1 Link to comment Share on other sites More sharing options...
redwood1 Posted June 26, 2020 Share Posted June 26, 2020 5 minutes ago, CorpusChristie said: No one is "starving" in Thailand Even the Soi dogs are not going hungry.... 1 Link to comment Share on other sites More sharing options...
Popular Post 4MyEgo Posted June 26, 2020 Popular Post Share Posted June 26, 2020 (edited) 7 minutes ago, CorpusChristie said: No one is "starving" in Thailand Really, hmm, was wondering why my wife has been taking food to feed her family of late, first time in 5 years, no work, no income means no food. Perhaps she is feeling generous ???? Edited June 26, 2020 by 4MyEgo 6 Link to comment Share on other sites More sharing options...
CorpusChristie Posted June 26, 2020 Share Posted June 26, 2020 (edited) 5 minutes ago, 4MyEgo said: Really, hmm, was wondering why my wife has been taking food to feed her family of late, first time in 5 years, no work, no income means no food. Perhaps she is feeling generous ???? Right...............people who your Wife is feeding are "starving" ? errrmmmmm Edited June 26, 2020 by CorpusChristie Link to comment Share on other sites More sharing options...
Brunolem Posted June 26, 2020 Share Posted June 26, 2020 The OP is a bit short on specifics... If it's about giving away money or vouchers to the population, that won't do much good...just another sugar high, quickly fading away... 2 Link to comment Share on other sites More sharing options...
drbeach Posted June 26, 2020 Share Posted June 26, 2020 1 hour ago, 4MyEgo said: Someone's thinking again, now that worries me, especially when people are starving all around Thailand. Not sure people are starving, when they all have farms or family with farms upcountry. And for those living close to a forest, they can forrage. Only those unfortunate enough to live in densely packed urban areas and who have no access to family or land in the countryside might suffer this fate. 2 Link to comment Share on other sites More sharing options...
Popular Post Guderian Posted June 26, 2020 Popular Post Share Posted June 26, 2020 The headline figure sounds good, but then you have to factor in the specific nature of this sort of public expenditure in Thailand. Firstly, around 40% will be lost to corruption at every level. Secondly, another 30% will be wasted by poor organisation, bad or faulty purchases, and general incompetence. That will leave around $800 million, if they're lucky, to spend on what sounds like re-educating bar girls to work in the rice paddies again. And I don't think they'll be thanking the government for that. 1 2 Link to comment Share on other sites More sharing options...
Bender Rodriguez Posted June 27, 2020 Share Posted June 27, 2020 TIT would not surprise me if the money goes to RICH ELITE business owners that lost some money 1 1 Link to comment Share on other sites More sharing options...
Popular Post dougiemac52 Posted June 27, 2020 Popular Post Share Posted June 27, 2020 18 hours ago, drbeach said: Not sure people are starving, when they all have farms or family with farms upcountry. And for those living close to a forest, they can forrage. Only those unfortunate enough to live in densely packed urban areas and who have no access to family or land in the countryside might suffer this fate. Why should they forage, would you ? Or are you quite happy with your retirement fund sitting in the bank. People like you make me sick. Have you helped anyone ? You obviously don't read about the suicides and stuff like that ! But you're right no one is starving ???????????? 3 Link to comment Share on other sites More sharing options...
Brunolem Posted June 27, 2020 Share Posted June 27, 2020 46 minutes ago, Bender Rodriguez said: TIT would not surprise me if the money goes to RICH ELITE business owners that lost some money Thailand is not the US... Link to comment Share on other sites More sharing options...
innosiem Posted June 27, 2020 Share Posted June 27, 2020 (edited) On 6/26/2020 at 3:06 PM, webfact said: They will be financed by some of the government's 1 trillion baht of borrowing Wasn't is 1.9 trillion borrowed in the end ? or has the extra 900 million already been skimmed off the top ? Edited June 27, 2020 by innosiem Link to comment Share on other sites More sharing options...
Trillian Posted June 27, 2020 Share Posted June 27, 2020 2 minutes ago, innosiem said: Wasn't is 1.9 trillion borrowed in the end ? or has the extra 900 million already been skimmed off the top ? I trillion was borrowed externally, 900 bill came from BOT Foreign Currency Reserves. Link to comment Share on other sites More sharing options...
DrTuner Posted June 27, 2020 Share Posted June 27, 2020 Nothing like filling the trough. Will be a wonder if 10% of that actually finds its way into something tangible after everybody has had their fill. 1 Link to comment Share on other sites More sharing options...
Grumpy John Posted June 27, 2020 Share Posted June 27, 2020 5 hours ago, dougiemac52 said: Why should they forage, would you ? Or are you quite happy with your retirement fund sitting in the bank. People like you make me sick. Have you helped anyone ? You obviously don't read about the suicsides and stuff like that ! But you're right no one is starving ???????????? Foraging is someThing a large part of what the peasant population do anyway. RaTs, snakes, fish, yabbies, mushrooms, frogs, certain plants.... Even paddie rice. A woman comes out to wifeys orchard every year to collect fallen mangoes to feed her ducks. No shame in being a scrounger. If people are starving they can go to the local wat and share breakfast with the monks... Maybe the content of your post is a bit off track due to your lack of local knowledge. 2 Link to comment Share on other sites More sharing options...
Ketyo Posted June 27, 2020 Share Posted June 27, 2020 So what is in these projects? 1 Link to comment Share on other sites More sharing options...
BritManToo Posted June 27, 2020 Share Posted June 27, 2020 17 minutes ago, Ketyo said: So what is in these projects? Mainly pay-offs for the generals running the projects (and their friends, family and assorted lovers). 1 Link to comment Share on other sites More sharing options...
BritManToo Posted June 27, 2020 Share Posted June 27, 2020 (edited) 1 hour ago, Grumpy John said: Foraging is someThing a large part of what the peasant population do anyway. RaTs, snakes, fish, yabbies, mushrooms, frogs, certain plants.... Even paddie rice. A woman comes out to wifeys orchard every year to collect fallen mangoes to feed her ducks. No shame in being a scrounger. If people are starving they can go to the local wat and share breakfast with the monks... Maybe the content of your post is a bit off track due to your lack of local knowledge. Yes, my misses can walk through a forest and come out with a bag full of edibles. Lived in the jungle until she was 15, and the family just lived on what they could find. She still has the 30 rai of jungle up in Nan, 15Km from the nearest paved road, no electricity, no water. Whether I'd want to eat it is another matter. Edited June 27, 2020 by BritManToo Link to comment Share on other sites More sharing options...
Mr Meeseeks Posted June 27, 2020 Share Posted June 27, 2020 1 hour ago, BritManToo said: Yes, my misses can walk through a forest and come out with a bag full of edibles. Lived in the jungle until she was 15, and the family just lived on what they could find. She still has the 30 rai of jungle up in Nan, 15Km from the nearest paved road, no electricity, no water. Whether I'd want to eat it is another matter. I think the stark contrast in upbringing, education and backgrounds are contributing factors why so many farang/Thai marriages fail. 1 Link to comment Share on other sites More sharing options...
ChipButty Posted June 27, 2020 Share Posted June 27, 2020 Legalise cannabis and watch the economy boom let the bar girls roll you a joint Happy Days Link to comment Share on other sites More sharing options...
paddypower Posted June 28, 2020 Share Posted June 28, 2020 3 hours ago, ChipButty said: Legalise cannabis and watch the economy boom let the bar girls roll you a joint Happy Days good name for the bar: The Joint. Link to comment Share on other sites More sharing options...
pixelaoffy Posted June 28, 2020 Share Posted June 28, 2020 Really out of touch farang to say people are not ' starving '. Fact is there are situations where locals didn't get gov handout even though they had no income ! So if you want to dance on the head of a pin call it ' extremely hungry' becausenot getting regular meals Link to comment Share on other sites More sharing options...
pixelaoffy Posted June 28, 2020 Share Posted June 28, 2020 (edited) 16 hours ago, BritManToo said: Mainly pay-offs for the generals running the projects (and their friends, family and assorted lovers). Of that 80 billion you will see very little improvement for folk ! Totally selfish corrupt governance and officials! Recently a school director pocketed 200,000 for kids school meals by just feeding dried noodles ! Have to remember that Thailand has a massive status difference! Edited June 28, 2020 by pixelaoffy 1 Link to comment Share on other sites More sharing options...
CorpusChristie Posted June 28, 2020 Share Posted June 28, 2020 6 minutes ago, pixelaoffy said: Really out of touch farang to say people are not ' starving '. Fact is there are situations where locals didn't get gov handout even though they had no income ! So if you want to dance on the head of a pin call it ' extremely hungry' becausenot getting regular meals Where I live , all the hungry people were given free food by numerous businesses and there was plenty to go around, no one went hungry , let along anyone starving to death 1 Link to comment Share on other sites More sharing options...
BritManToo Posted June 28, 2020 Share Posted June 28, 2020 (edited) 13 minutes ago, pixelaoffy said: Really out of touch farang to say people are not ' starving '. Fact is there are situations where locals didn't get gov handout even though they had no income ! So if you want to dance on the head of a pin call it ' extremely hungry' becausenot getting regular meals Food grows free everywhere, their are fish, frogs and snakes in every field and garden, temples feed anyone that asks, nearly all the population have a family farm tucked away in some rural hell-hole. I've never heard of a hungry Thai, they might not be able to keep up the repayments on their car, or pay for their kids new school uniforms (or mobile phone subs), but they ain't hungry. Edited June 28, 2020 by BritManToo 2 Link to comment Share on other sites More sharing options...
pixelaoffy Posted June 28, 2020 Share Posted June 28, 2020 2 minutes ago, BritManToo said: nearly all the population have a family farm tucked away in some rural hell-hole. Someone really does live in a fantasy world 1 Link to comment Share on other sites More sharing options...
Henryford Posted June 28, 2020 Share Posted June 28, 2020 "To help tourism" well opening the bars and airports would do far more. 1 Link to comment Share on other sites More sharing options...
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