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Friday, May 3, 2024

JSCCIB for water: Thai committee floats idea to dip into digital wallet funds for H2O solutions

Picture courtesy of Bangkok Post.

The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) proposed that the Thai government allocate a portion of its 560 billion baht digital wallet scheme budget towards supporting water management plans.

The committee argues that Thailand needs immediate and long-term solutions to deal with flooding and drought, which is forecasted to affect the agricultural sector due to El Niño-induced conditions, as advised by the Agriculture and Cooperatives Ministry.

Despite the government’s commitment to the 10,000-baht digital wallet scheme, which aims to benefit 56 million people via Krungthai Bank’s Pao Tang app, the JSCCIB suggests a different approach.

Sanan Angubolkul, Chairman of the Thai Chamber of Commerce and a key member of the JSCCIB stated that the Pao Tang app has 40 million people registered.

“The government should…

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