The Thailand government is standing firm on its decision to proceed with the 10,000-baht digital money giveaway, despite various calls for its reconsideration. The government maintains that while the specifics of the project can be tweaked, the fundamental principle of using it as a tool to reboot the economy remains steadfast.
According to Deputy Prime Minister Phumtham Wechayachai, the Thai economy has been experiencing a slowdown for nearly a decade. The need for a potent mechanism to stimulate the economy is critical, lest the country faces a bleak financial future.
Drawing a comparison, the deputy prime minister highlighted Udon Thani’s booming economy before the 2014 military coup that overthrew the Yingluck Shinawatra administration.
The province, located in the northeastern region of Thailand, was a bustling hub of activity attracting a significant…
