The Thai government’s initial cash handout is anticipated to boost the national economy in the upcoming months, according to industrial leaders and brokerages. They recommend that the second phase of the handout target individuals with higher purchasing power to prolong economic stimulation.

In the first phase, the government distributed 10,000 baht in cash to each of the 14.5 million welfare cardholders and disabled individuals. Initially, the plan was to deliver this money via a smartphone app for use within local communities.

The Finance Ministry has the first phase as a success, with over 14 million people receiving transfers between September 25 and 30. Deputy Finance Minister Paopoom Rojanasakul confirmed last week that sufficient funds are available for the second phase. However, the method and timeline for the next phase will be determined by the…

The Thai government’s initial cash handout is anticipated to boost the national economy in the upcoming months, according to industrial leaders and brokerages. They recommend that the second phase of the handout target individuals with higher purchasing power to prolong economic stimulation.

In the first phase, the government distributed 10,000 baht in cash to each of the 14.5 million welfare cardholders and disabled individuals. Initially, the plan was to deliver this money via a smartphone app for use within local communities.

The Finance Ministry has the first phase as a success, with over 14 million people receiving transfers between September 25 and 30. Deputy Finance Minister Paopoom Rojanasakul confirmed last week that sufficient funds are available for the second phase. However, the method and timeline for the next phase will be determined by the…