Logo of Phnom Penh Post newspaper Phnom Penh Post - Thailand to hand out $1.6B for poor, tourism

Thailand to hand out $1.6B for poor, tourism

Content image - Phnom Penh Post
Tourists bask in the sun on the Maya Bay beach, on the southern Thai island of Koh Phi Phi, in April. LILLIAN SUWANRUMPHA/afp

Thailand to hand out $1.6B for poor, tourism

The Thai government plans to spend 50 billion baht ($1.62 billion) to stimulate the economy by handing out 1,000 baht cash to each of the registered poor and 1,500 baht to members of the public to spend while visiting other provinces, a source said.

The source from Thailand’s Government House said the stimulus package would be submitted for Cabinet deliberation either at this week’s or next week’s meeting.

The source said the government plans to spend some 20 billion baht to stimulate the economy by giving an extra 1,000 baht for each state welfare card holder to spend. The government has earlier allowed low-income people to register to receive a monthly allowance that is remitted to their accounts and can be used for buying monthly necessities and for travelling costs.

The source said the extra 20 billion baht is aimed at alleviating economic hardship and that the money would revive the economy at the grassroots level.

The source said the government also plans to spend 15 billion baht to stimulate tourism by allowing each Thai, who is at least 18 years old, to receive a 1,500 baht subsidy to spend visiting a province.

The source said tourists must stay at hotels or resorts registered for the project and these venues would be allowed to reimburse 1,500 baht to each tourist staying there. Visitors would have to pay any additional costs themselves.

The source said the government believes the measure will stimulate domestic tourism.

Tourism Authority of Thailand governor Yutthasak Supasorn confirmed that the government was aiming to stimulate domestic tourism by allowing Thai citizens, who are at least 18 years old, to be eligible for 1,500 baht subsidy each for visiting second-tier tourism provinces.

Yutthasak said that 55 provinces are classified as second-tier tourist destinations. About 10 million Thais would be eligible for the subsidy, he added.

Yutthasak said he believes the measure would really stimulate tourism.

Tourism and Sports Minister Phiphat Ratchakitprakan had discussed the measure with Finance Minister Uttama Savanayana and that the finer details would be worked out before the project was submitted to the Cabinet for approval.

An earlier plan of Prayut’s previous administration to boost tourism by handing out 1,500 baht cash to each citizen was cancelled following strong criticism from social networkers.

The same Government House source said the government would also spend 15 billion baht to help farmers and small- and medium-sized enterprises (SMEs), including a measure to subsidise interest payments for the SMEs.

The government believes the stimulus package would help the economy expand by almost 3.5 per cent this year, the source added.

MOST VIEWED

  • Municipal hall releases map detailing colour coded Covid risks by commune

    Phnom Penh municipal governor Khuong Sreng released an official map detailing the red, yellow and dark yellow zones within the city under the new lockdown orders for Phnom Penh announced on April 26. The designation of red, dark yellow and yellow corresponds to areas with high,

  • Inter-provincial travel ban lifted; Phnom Penh and Takmao not exempted

    The government on April 25 decided to lift the inter-provincial travel ban and the closure of tourist attractions across the country, effectively immediately. The travel ban and closures of all resorts were imposed on April 6 and 17 respectively in a bid to curb the spread of Covid-19,

  • Gov't mulls extension of Phnom Penh, Takmao lockdown

    The Inter-ministerial National Commission for the Control and Enforcement of Lockdown held a video conference meeting on April 25 to review a draft document on the extension of lockdown in Phnom Penh and adjacent Kandal province’s Takmao town. The meeting was chaired by Minister of

  • Phnom Penh, Takmao lockdown extended for another week

    The government late on April 26 announced an extension of lockdown in Phnom Penh and adjacent Takmao town in Kandal province for another seven days – or longer if residents do not comply with Covid-19 preventive measures and the community outbreak does not subside – until May 5. According

  • Gov’t issues guidelines as lockdown nears end

    The government has issued a five-page set of instructions to be enforced when the three-week lockdown of Phnom Penh and adjacent Takmao town in Kandal province ends on May 6. According to an announcement signed by Prime Minister Hun Sen on May 4, the instructions cover a

  • Phnom Penh unveils rules for post-lockdown transition

    The Phnom Penh Municipal Administration issued a set of detailed guidelines for the seven days to May 12 after the capital emerges from lockdown at the onset of May 6. In the 14-page document signed by municipal governor Khuong Sreng released on the evening of May 5, the