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Sunday, May 5, 2024

Pheu Thai shelves digital cash plan

Pheu Thai’s digital wallet scheme will be shelved for the time being to make way for the social welfare policies of the Move Forward Party (MFP), according to the party’s secretary-general, Paopoom Rojanasakul.

Speaking after a meeting of the party’s economic team on Thursday, Mr Paopoom said while the country would still benefit from further economic stimulus, the scheme, which would cost 560 billion baht, will be put on hold.

The decision was taken to allow the MFP to make good on its promises to improve social welfare through policies which analysts have estimated would cost around the same as Pheu Thai’s digital wallet scheme, he said.

The MFP, which will lead the formation of the coalition government, has vowed to focus on education, children, people with disabilities and…

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