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Tuesday, May 14, 2024

Digital wallet rules ease debt fears

Handout to focus on low-income earners

Supporters of the government’s 10,000-baht digital wallet scheme gather at the Pheu Thai Party’s headquarters on Oct 17. (Photo: Somchai Poomlard)

The announcement of three disqualifiers for the 10,000-baht digital wallet handout has eased concerns over the country’s public and household debt, but could negatively affect economic growth and domestically-focused stocks, say analysts.

Amid concerns the costly digital wallet scheme will add risk to the country’s fiscal positions and credit rating, Deputy Finance Minister Julapun…

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