One Billion Baht Allocated for COVID-19 Vaccine Production in Thailand

The Cabinet on 25 August 2020 approved a budget of one billion baht for the National Vaccine Institute in order to increase Thailand’s potential for COVID-19 vaccine production, following a proposal by the Ministry of Public Health.The National Vaccine Institute has been working with several ...

Thailand approves $6.9 bln borrowing plan for revenue shortfall from COVID-19

Thailand’s cabinet on Tuesday approved a 214 billion baht ($6.87 billion) borrowing plan for a revenue shortfall in the current fiscal year to September, due to the impacts of the coronavirus pandemic, a government official said.The borrowing is part of an adjusted debt management plan ...

Public debt not scary yet, PDMO says

Thailand’s increased public debt, attributed to borrowing to sustain economic conditions during the pandemic, remains below the average rate seen in emerging markets, says the Public Debt Management Office.PDMO director-general Patricia Mongkhonvanit said the IMF reported that global public debt has risen by 20% on ...

Wichit Chantanusornsiri

Projects proposed for emergency loan budget [Video]

The National Economic and Social Development Council (NESDC) has revealed that the NESDC office has received proposals for 28,331 projects, worth some 370 billion baht from government agencies.Keep watching ...

Budget Bureau gives nod to further B100bn in borrowing

The government is able to borrow an additional 100 billion baht to offset a budget deficit if state revenue collection for fiscal 2021 misses its target, says the Budget Bureau.If the coronavirus outbreak is still battering the economy and causes a shortfall in state revenue ...

Wichit Chantanusornsiri

Pandemic fund to draw from ministries' budgets

The government is set to appropriate 10% of the fiscal 2020 budgets of each ministry for a central fund to fight the pandemic and rehabilitate the economy.The plan is part of a third round of government measures to stem the impact of the outbreak. These ...

Bangkok Post Reporter

Finance Ministry readies phase 3 of virus welfare

The Finance Ministry is preparing the third phase of the government’s Covid-19 relief package to support people, small-and-medium enterprises and financial institutions as the country grapples with the virus crisis.Finance Minister Uttama Savanayana said on Monday the third-phase package will be larger than the first- ...

Wichit Chantanusornsiri

20m register for financial aid

Almost 20 million people registered for Covid-19 financial aid in less than 48 hours, almost seven times the number estimated by authorities.Some 19.8 million have registered as of 2pm on Monday, the Finance Ministry announced on its Facebook. Keep reading ...

Bangkok Post Reporter

Seven Thai airlines to seek B16bn bailout

Seven Thai airlines are likely to seek a 16-billion-baht bailout from the Finance Ministry so they can keep employees while their services are suspended.The carriers are Thai AirAsia, Thai Lion Air, Nok Air, Bangkok Airways, THAI Smile, Thai VietjetAir and Thai AirAsia X.Keep reading ...

Narumon Kasemsuk

Ministry to divert some of its budget funds to help Thai entrepreneurs

The Ministry of Digital Economy and Society (DES) aims to cut its spending to help Thai entrepreneurs and shore up the economy.Ministry permanent secretary Atcharin Phatthanaphanchai said that during the board meeting to discuss the budget for fiscal year 2020 and 2021, a proposal to ...

The Nation Reporter

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