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Thursday, May 2, 2024

Bangkok Post – BAAC union queries lending capacity

Legal opinions sought on whether government can use state bank to support digital wallet handout

A booth operated by the Bank for Agriculture and Agricultural Cooperatives is seen at the Money Expo in Nonthaburi in 2022. (Photo: Nutthawat Wicheanbut)

The labour union of the Bank for Agriculture and Agricultural Cooperatives (BAAC) is seeking legal opinions about whether the government can borrow from the state-owned bank to support its costly digital wallet handout.

Opinions differ among the membership, union president Supachai Vongvekin said on Thursday. Some suggest the…

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