webfact Posted September 22, 2020 Share Posted September 22, 2020 Thai cabinet approves $1.6 billion cash handouts to boost spending FILE PHOTO: Thailand's Prime Minister Prayuth Chan-ocha attends a family photo session with new cabinet ministers at the Government House in Bangkok, Thailand August 13, 2020. REUTERS/Jorge Silva BANGKOK (Reuters) - Thailand's cabinet on Tuesday approved cash handouts worth 51 billion baht ($1.6 billion) in a bid to boost domestic consumption and help an economy suffering from the impacts of the coronavirus pandemic. The handouts will help increase spending power and reduce living costs, Prime Minister Prayuth Chan-ocha told a briefing. The plans, announced last week, will be financed by some of the government's 1 trillion baht borrowing. (Reporting by Orathai Sriring and Satawasin Staporncharnchai; Editing by Ed Davies) -- © Copyright Reuters 2020-09-22 - 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...
Popular Post worgeordie Posted September 22, 2020 Popular Post Share Posted September 22, 2020 One for you....three for me. regards worgeordie 2 4 Link to comment Share on other sites More sharing options...
Popular Post madmitch Posted September 22, 2020 Popular Post Share Posted September 22, 2020 And the story came to a complete end with no details whatsoever. Poor from Reuters. 5 Link to comment Share on other sites More sharing options...
PatOngo Posted September 22, 2020 Share Posted September 22, 2020 5 minutes ago, madmitch said: And the story came to a complete end with no details whatsoever. Poor from Reuters. Let me finish it...........OINK OINK! 27 minutes ago, webfact said: The plans, announced last week, will be financed by some of the government's 1 trillion baht borrowing. 2 Link to comment Share on other sites More sharing options...
Matzzon Posted September 22, 2020 Share Posted September 22, 2020 (edited) 4 hours ago, webfact said: Nooooo! Not another hand out! Do you know how much weapons of war we can buy for 1,6 billion USD? Giving away this much money brings tears to my eyes! Edited September 22, 2020 by Matzzon 1 Link to comment Share on other sites More sharing options...
Popular Post RichardColeman Posted September 22, 2020 Popular Post Share Posted September 22, 2020 4 hours ago, webfact said: Thailand's cabinet on Tuesday approved cash handouts worth 51 billion baht Giving everyone £25 to spend is hardly likely to boost an economy ! 2 1 Link to comment Share on other sites More sharing options...
Grumpy John Posted September 22, 2020 Share Posted September 22, 2020 25 quid...how many bottles of cheap whisky can you buy with that? Link to comment Share on other sites More sharing options...
Popular Post Flying Saucage Posted September 22, 2020 Popular Post Share Posted September 22, 2020 Surely financed by Chinese loans Every day a step closer to become a Chinese vassal state. First persuade the Thai government in a quite generous way to ruin Thailands economy, then let Thailand have a big debt at China and sell the remains of its bancrupt industry as a bargain to Xi and his gang. 4 1 Link to comment Share on other sites More sharing options...
Popular Post Hayduke Posted September 23, 2020 Popular Post Share Posted September 23, 2020 (edited) 16 hours ago, webfact said: Thailand's cabinet on Tuesday approved cash handouts worth 51 billion baht ($1.6 billion) in a bid to boost domestic consumption The General heartily endorses the plan and promises to lead by example....and use his own 20 billion Baht share of the money to do some serious economy stimulating. Edited September 23, 2020 by Hayduke 2 1 Link to comment Share on other sites More sharing options...
Popular Post steven100 Posted September 23, 2020 Popular Post Share Posted September 23, 2020 More good work by Khun Prayut and the government to help the economy. 1 3 Link to comment Share on other sites More sharing options...
Sydebolle Posted September 23, 2020 Share Posted September 23, 2020 Thai Taxpayers will just LOVE it ........ Link to comment Share on other sites More sharing options...
essox essox Posted September 24, 2020 Share Posted September 24, 2020 (edited) do they not understand.....BORROWING money means digging another hole that one day will need to be filled in......i.e has to be repaid at some point......then where will they get money to repay money already borrowed.....??????????????? Edited September 24, 2020 by essox essox bad spelling Link to comment Share on other sites More sharing options...
essox essox Posted September 24, 2020 Share Posted September 24, 2020 On 9/22/2020 at 7:33 PM, Grumpy John said: 25 quid...how many bottles of cheap whisky can you buy with that? quite a few.......and have change left over...... Link to comment Share on other sites More sharing options...
heina Posted September 24, 2020 Share Posted September 24, 2020 And all money goes to PM backers and friends: CP group, ThaiBev, Boonrawd brewery, bankers and damn Redbull. Good luck to fellow thai folks to repay their debts. Link to comment Share on other sites More sharing options...
KhunFred Posted September 24, 2020 Share Posted September 24, 2020 Keynesian economics works. Seems there are a lot of Tories on this forum. Link to comment Share on other sites More sharing options...
KhunFred Posted September 24, 2020 Share Posted September 24, 2020 On 9/22/2020 at 9:14 PM, Flying Saucage said: Surely financed by Chinese loans Every day a step closer to become a Chinese vassal state. First persuade the Thai government in a quite generous way to ruin Thailands economy, then let Thailand have a big debt at China and sell the remains of its bancrupt industry as a bargain to Xi and his gang. Like it or not, Thailand is ALREADY a vassal of China. It is inevitable. Link to comment Share on other sites More sharing options...
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