On a bright Thursday morning, a sleek aircraft awaited at Wing 6 of Don Mueang airport, ready to whisk Prime Minister Paetongtarn Shinawatra and her dynamic Thai delegation off to Vietnam for an engaging two-day official visit. The buzz of excitement was palpable as cameras flashed, capturing the momentous occasion, which was duly reported by Thai Khu Fah.
While the trip might have been the headline, another hot topic was on everyone’s lips: the much-discussed third phase of the government’s 10,000-baht handout programme. Concerns had arisen over whether it would see the light of day, especially in light of economic tidal waves sent rolling by US tariffs affecting the Thai economy.
Finance Minister Pichai Chunhavajira recently noted that all economic stimulus policies were under a magnifying glass. Moments before a critical economic stimulus policy committee meeting at Government House, he reiterated the need to reevaluate priorities amidst the swirling trade turmoil impacting economies worldwide. This statement sent whispers through media channels, hinting at a possible restructuring or even shelving of the handout.
However, the ever-composed Ms. Paetongtarn stepped forward with an air of reassurance. The third phase, she declared, was still in the cards and assured it wouldn’t be scrapped. She underscored the importance of embracing a diversity of perspectives, especially given the ever-evolving economic landscape and the novel challenges posed by the US tariff policies.
“We must absorb more opinions. Upon reaching a final decision, I promise to inform you immediately,” she remarked, as she prepared to fly to Vietnam. Her words were a beacon of hope for many eager beneficiaries waiting to see how this digital wallet initiative—expected to pour 27 billion baht into the economy—would unfold.
While the first two phases aimed at welfare cardholders, individuals with disabilities, and those above 60 looked promising, critics argued the impact was marginal at best. Still, the hopes pinned on this phase were high. Ms. Paetongtarn stressed the necessity of garnering cooperation from all facets of society. “The world economy’s storm impacts us all, and we need a comprehensive strategy—not just money—targeted at all age groups to renew vibrancy in our economic outlook,” she noted.
Intriguingly, adjustments to the original plan paved the way for distributing 10,000 baht to roughly 2.7 million young people aged 16 to 20. This move, as part of a broader economic stimulus package, aimed to inject some much-needed energy into the nation’s economic engine.
As the plane engines roared to life, lifting off towards its destination, so did the renewed determination of a government striving to navigate the economic waves with grit and ingenuity. Indeed, Prime Minister Paetongtarn’s resolve shone brightly, promising a future of thoughtful economic action as Thailand braced for the winds of change ushered in by global trade dynamics.
This initiative by Paetongtarn sounds promising, but why target only young people with the 10,000 baht? The elderly and those on the margins need it more.
I think the idea is to boost the economy by encouraging youth spending, but I agree; other vulnerable groups should be prioritized as well.
Yeah, that’s true. But it feels like they’re just ignoring the immediate needs of older citizens.
Young people tend to spend more on entertainment and tech, which could stimulate different sectors pretty quickly compared to just welfare support.
While the handout is a short-term relief, structural reforms are crucial to handle the long-term impacts of US tariffs. Mere handouts aren’t going to sustain economic growth.
Absolutely agree. We need deeper industrial policy changes to withstand external economic pressures like these tariffs.
Precisely! A focus on innovation and tech advancement could help us compete on a global stage rather than just managing the current crisis.
I’m conflicted… Shouldn’t the government prioritize education funding over these handouts?
Funding education is crucial, but immediate economic boosts might prevent widespread financial distress. It’s a balancing act.
I don’t think the handout will have a long-lasting impact. Seems more political to me—designed to gain favor among young voters.
Why is Paetongtarn focusing on Vietnam amid all this economic chaos at home? Priorities seem off.
International relationships matter for trade, especially during tariff hikes! It’s about finding new partners and markets.
True, but should they really be jet-setting while the economy’s in turmoil?
I love the energy behind these initiatives! Paetongtarn seems genuinely invested in our future.
Or she’s just using flashy policies to cover up deeper systemic issues…
The global trade dynamics are indeed shifting. Thailand needs a diversified economic strategy to effectively tackle these challenges.
Agreed, diversification is key. We can’t rely on traditional sectors alone anymore.
I feel like we’re heading towards a more connected regional economy. SE Asian countries should coordinate their economic policies better.
Digital wallet initiative sounds tech-savvy! Hope it’s secure and accessible.
Isn’t this handout just an inflation booster in disguise? I mean, more money in a weak economy?
Handouts have a place if used wisely, but they can’t replace sound economic policy.
Ms. Paetongtarn is doing a great job ensuring diverse opinions are heard before making a decision.
We should have been better prepared for tariff impacts. Economic foresight seems lacking.
Economic storms hit everyone, but some people seem to have a better safety net than others. It’s unfair.