The Thai Chamber of Commerce supports the government’s plan to distribute a 10,000-baht stipend through a digital wallet program but stresses the need for efficient financial infrastructure and water management.
Thai Chamber of Commerce supports government’s stimulus initiative
The Thai Chamber of Commerce (TCC) Chairman, Sanan Angubolkul, has expressed the TCC’s support for the government’s plan to stimulate the economy through a proposed 10,000-baht stipend distributed via a digital wallet program. The TCC believes this initiative can effectively rejuvenate the economy but also emphasizes the need for the government to improve the country’s competitive capabilities to ensure balanced economic growth.
Suggestions for successful implementation
To efficiently distribute the digital money, the TCC suggests utilizing the existing infrastructure of Krungthai Bank, which has around 40 million registered users. They propose creating a hybrid system that combines Krungthai Bank’s platform with other digital platforms and wallets developed by different agencies. This would facilitate digital payments through various channels.
Focus on production capabilities and water management
In addition to short-term economic stimulation, the TCC urges the government to prioritize other areas of national management and development. Enhancing production capabilities is crucial for the overall economic recovery. The TCC specifically recommends highlighting water management projects to address the expected impact of the El Niño phenomenon on the country in the coming years.
Source: National News Bureau of Thailand
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