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Reading: Thailand aims for whirlwind in economy with $14 billion program
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Econo Asia™ > Blog > News > Economy > Thailand aims for whirlwind in economy with $14 billion program
Economy

Thailand aims for whirlwind in economy with $14 billion program

NEWSROOM
Last updated: July 15, 2024 10:52 am
By NEWSROOM
1 Min Read
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Thailand will next month begin enrolling citizens eligible to receive cash from the government as part of an about $14 billion program to stimulate Southeast Asia’s second-largest economy.

An estimated 50 million Thais 16 years and older are qualified to receive 10,000 baht ($276) each under the so-called digital wallet scheme, the centerpiece of Prime Minister Srettha Thavisin’s strategy to reignite an economy stuck at an average growth rate of less than 2% for the past decade.

Eligible citizens and participating merchants can register for the program from Aug. 1, Srettha said on X on Monday. Earlier, a panel headed by the…



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