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Keyword: baht

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  • Thailand's $13 bln digital handout scheme to include cash payments, PM says

    09/07/2024 9:02:41 AM PDT · by EBH · 30 replies
    Reuters ^ | 9/7/24
    BANGKOK, Sept 3 (Reuters) - Thailand's Prime Minister Paetongtarn Shinawatra on Tuesday said part of the government's vaunted 450 billion baht ($13.1 billion) "digital wallet" handout will be distributed in cash, in another change to its flagship populist policy. Details are still being finalised and will be announced in a policy statement to parliament, she added. The digital wallet handout had previously entailed transferring 10,000 baht ($292) in credit to 50 million Thais via a smartphone application to spend in their localities within six months.
  • Thailand's Markets Need Freedom

    12/20/2006 7:53:29 PM PST · by Kitten Festival · 8 replies · 359+ views
    Investor's Business Daily ^ | 20 Dec 2006 | Editorial staff
    Foreign Exchange: Thailand's ham-fisted capital controls, announced Tuesday, sought to halt the baht's rise. But all that did was knock $23 billion in value from Thai stocks and rattle world markets. It's not the answer. What it actually shows is that the caretaker military regime, in power since its September coup, isn't quite up to the task of running Thailand's economic powerhouse. Thailand's markets, which have done well this year, don't need new controls. What they really need are the same thing Thailand's people need — more freedom, economic and political. Thailand's government Tuesday told foreign investors they would no...