InfoQuest (August 20, 2019) -- According to Thai Prime Minister and Defense Minister Prayiut Chan-o-cha, the 316 billion baht pump-priming policy approved by the Cabinet is not to solve economic problems through pouring money, but is a fiscal measure that has been deliberated and approved by allied departments, including solving farmers' problems, stimulating domestic spending and consumption, and spurring tourism. The actual budget used is only 40 billion Thai baht, and the rest will be used for related tax measures and extended repayment.
The Thai Prime Minister admitted that Thailand is experiencing the same economic issue as its neighbors, mainly caused by global economic fluctuations. Faced with the situation, different countries have adopted different methods to solve economic problems, including tax relief, using funds from foundations, etc. But in the case of Thailand, generating more income may be the necessary way out for its economic problems.
In addition, the cabinet meeting also approved to extend the Visa on Arrival (VoA) Fee Exemption Scheme to April 2020 from October 31, 2019 confirmed by the Thai Immigration, aiming to include the Chinese New Year and the Thai Songkran Festival.
When asked about extending the business hours of tourist attractions to 04: 00 as a way to spur the economic growth, the Prime Minister said that the above proposal has not yet submitted detailed information and specific contents, and the positive and negative impacts must be carefully analyzed. In addition, the extension of business hours involves not only the Ministry of Interior but also the police, which may not see eye to eye on it. That's because tourist attractions will attract a great number of young people, and relevant social order and safety issues must be fully considered.
Source: InfoQuest, by Tanit Tongnok / Tanawat / Sasithorn, translated by Xinhua Silk Road
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