32.4 C
Bangkok
Monday, April 29, 2024

Thailand’s digital wallet loan bill yet to reach Council of State

Photo courtesy of Bangkok Post

Deputy Prime Minister Phumtham Wechayachai announced yesterday that a proposed bill, which aims to secure a loan of 500 billion baht for the digital wallet scheme, has not been presented to the Council of State yet.

The revelation came after the digital wallet policy committee meeting, where numerous issues were discussed. Despite the Council of State’s readiness to scrutinise the details, Phumtham clarified it did not imply potential rejection of the bill.

The government, according to the deputy PM, is in the process of collecting as much feedback as possible. He conveyed the possibility of an executive decree concerning the planned borrowing, but emphasised that having the loan bill reviewed by parliament was the preferred alternative.

When probed about the duration for the Council of State to evaluate the loan bill, the deputy prime minister…

Read more…

Latest Articles