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Bangkok Post
4 days ago
- Business
- Bangkok Post
Govt to speed up aid for civilians
The government will expedite efforts to provide financial aid to citizens affected by the Thai-Cambodian border conflict, with the move expected to be discussed at the next cabinet meeting next week, Deputy Finance Minister Julapun Amornvivat said. He also confirmed that there were sufficient funds available, making it unnecessary to divert money from the economic stimulus budget. On Tuesday Mr Julapun said discussions on increasing rehabilitation funds are underway, noting that acting Prime Minister Phumtham Wechayachai has stressed the need for a thorough process. This includes identifying funding sources before the proposal is presented to the cabinet. While the pace may not satisfy everyone, the government wants to finalise the plan next week. He emphasised that any increase in rehabilitation funds will follow due process, with proposals submitted by relevant agencies and reviewed accordingly. Disbursements so far have been made smoothly and without delays, he added. Citing Mr Phumtham, Mr Julapun said the Comptroller General's Department may consider waiving certain regulations to speed up assistance for those whose homes and livelihoods were affected by the conflict. He dismissed suggestions that unused funds from the government's economic stimulus budget might be reallocated, saying that it is unnecessary at this stage because there are already sufficient funds and other mechanisms in place. On the proposed allowances for village defence volunteers in affected areas, Mr Julapun said this would depend on measures from the Interior Ministry. He declined to comment on speculation about expanding such payments nationwide. Meanwhile, former prime minister Thaksin Shinawatra reportedly donated 2.6 million baht to the government's prefabricated houses project for residents whose homes were damaged during the recent skirmishes along the Thai-Cambodian border. As part of the first phase of the recovery effort, the government has built 11 prefabricated homes for residents in Ubon Ratchathani province's Nam Yuen district. Four of the houses, each accommodating between two and five people, have already been handed over. A preliminary survey found that more than 80 houses in the district were damaged during the course of the conflict. To help rebuilding efforts, well-behaved Ubon Ratchathani Central Prison inmates were tapped to assist in repairing and demolishing damaged houses.
Straits Times
05-08-2025
- Business
- Straits Times
Thailand plans $737 million stimulus spending and will compensate border conflict casualties
Sign up now: Get ST's newsletters delivered to your inbox Thailand will compensate families of those who died in July's border conflict. BANGKOK – Thailand will spend 18.5 billion baht (S$737 million) on stimulus measures to support the economy as it braces for the impact of US tariffs, and will compensate families of those who died in July's border conflict, officials said on Aug 5 . The stimulus measures approved by Cabinet are aimed at enhancing economic competitiveness and supporting student loans, Deputy Finance Minister Julapun Amornvivat told reporters. The government still has about 25 billion baht of funds to use to mitigate the impact of US tariffs and for broader relief efforts, Mr Julapun said. The US last week set a 19 per cent tariff on imported goods from Thailand, lower than the 36 per cent rate announced earlier i n 2025 and more aligned with other countries in the region. Mr Julapun said Cabinet gave the government approval to prepare a joint statement on tariffs and trade with the United States, but said discussions were ongoing and there was no set signing date. On Aug 5 , the University of the Thai Chamber of Commerce said it expected the economy to grow 1.7 per cent in 2025 . That is below both the Finance Ministry's revised forecast of 2.2 per cent growth in 2025 and an actual growth of 2.5% in 2024. The Cabinet also approved a 10 million baht (S$398,000) payment to the families of government officials who died in the July conflict with Cambodia, while those injured will receive up to 1 million baht, government spokesperson Jirayu Huangsap told a briefing. Top stories Swipe. Select. Stay informed. Singapore 'She had a whole life ahead of her': Boyfriend mourns Yishun fatal crash victim Singapore Beauty industry consumers hit by 464% rise in prepayment losses in first half of 2025 Singapore Doctor hounds ex-girlfriend, threatens to share her intimate photos, abducts her from public street Singapore 13 taken to hospital after accident involving SBS buses, car in Tampines Singapore New cargo handling centre at Changi Airport reduces processing time; test bed for future T5 ops Singapore 60 lactation pods to be set up in public spaces by Q1 2026 for breastfeeding mothers Life Urinary issues: Enlarged prostate affects half of men in their 50s and up Singapore Elderly man charged after he allegedly molested, performed sex act on 'vulnerable' man Families of Thai civilians who died during the conflict will each receive a payment of 8 million baht, he said, while the injured would receive up to 800,000 baht. REUTERS
The Star
05-08-2025
- Business
- The Star
Thailand plans $572 million stimulus spending and will compensate border conflict casualties
BANGKOK (Reuters) -Thailand will spend 18.5 billion baht ($572 million) on stimulus measures to support the economy as it braces for the impact of U.S. tariffs, and will compensate families of those who died in last month's border conflict, officials said on Tuesday. The stimulus measures approved by cabinet are aimed at enhancing economic competitiveness and supporting student loans, Deputy Finance Minister Julapun Amornvivat told reporters. The government still has about 25 billion baht of funds to use to mitigate the impact of U.S. tariffs and for broader relief efforts, Julapun said. The U.S. last week set a 19% tariff on imported goods from Thailand, lower than the 36% rate announced earlier this year and more aligned with other countries in the region. Julapun said cabinet gave the government approval to prepare a joint statement on tariffs and trade with the United States, but said discussions were ongoing and there was no set signing date. On Tuesday, the University of the Thai Chamber of Commerce said it expected the economy to grow 1.7% this year. That is below both the finance ministry's revised forecast of 2.2% growth in 2025 and last year's actual growth of 2.5%. The cabinet also approved a 10 million baht ($310,000) payment to the families of government officials who died in the July conflict with Cambodia, while those injured will receive up to 1 million baht, government spokesperson Jirayu Huangsap told a briefing. Families of Thai civilians who died during the conflict will each receive a payment of 8 million baht, he said, while the injured would receive up to 800,000 baht. ($1 = 32.35 baht) (Reporting by Kitiphong Thaichareon, Panarat Thepgumpanat and Thanadech Staporncharnchai; Writing by Orathai Sriring; Editing by John Mair)
Business Times
05-08-2025
- Business
- Business Times
Thailand plans 18.5 billion baht stimulus spending and will compensate border conflict casualties
[BANGKOK] Thailand will spend 18.5 billion baht (S$736 million) on stimulus measures to support the economy as it braces for the impact of US tariffs, and will compensate families of those who died in last month's border conflict, officials said on Tuesday (Aug 5). The stimulus measures approved by Cabinet are aimed at enhancing economic competitiveness and supporting student loans, Deputy Finance Minister Julapun Amornvivat told reporters. The government still has about 25 billion baht of funds to use to mitigate the impact of US tariffs and for broader relief efforts, Julapun said. The US last week set a 19 per cent tariff on imported goods from Thailand, lower than the 36 per cent rate announced earlier this year and more aligned with other countries in the region. Julapun said Cabinet gave the government approval to prepare a joint statement on tariffs and trade with the US, but said discussions were ongoing and there was no set signing date. On Tuesday, the University of the Thai Chamber of Commerce said it expected the economy to grow 1.7 per cent this year. That is below both the finance ministry's revised forecast of 2.2 per cent growth in 2025 and last year's actual growth of 2.5 per cent. The Cabinet also approved a 10 million baht payment to the families of government officials who died in the July conflict with Cambodia, while those injured will receive up to one million baht, government spokesperson Jirayu Huangsap told a briefing. Families of Thai civilians who died during the conflict will each receive a payment of 8 million baht, he said, while the injured would receive up to 800,000 baht. REUTERS
Straits Times
05-08-2025
- Business
- Straits Times
Thailand plans $572 million stimulus spending and will compensate border conflict casualties
Sign up now: Get ST's newsletters delivered to your inbox FILE PHOTO: Thailand's Deputy Finance Minister Julapun Amornvivat looks on as he speaks to media after a cabinet meeting at the Government House, in Bangkok, Thailand, July 8, 2025. REUTERS/Chalinee Thirasupa/File Photo BANGKOK - Thailand will spend 18.5 billion baht ($572 million) on stimulus measures to support the economy as it braces for the impact of U.S. tariffs, and will compensate families of those who died in last month's border conflict, officials said on Tuesday. The stimulus measures approved by cabinet are aimed at enhancing economic competitiveness and supporting student loans, Deputy Finance Minister Julapun Amornvivat told reporters. The government still has about 25 billion baht of funds to use to mitigate the impact of U.S. tariffs and for broader relief efforts, Julapun said. The U.S. last week set a 19% tariff on imported goods from Thailand, lower than the 36% rate announced earlier this year and more aligned with other countries in the region. Julapun said cabinet gave the government approval to prepare a joint statement on tariffs and trade with the United States, but said discussions were ongoing and there was no set signing date. On Tuesday, the University of the Thai Chamber of Commerce said it expected the economy to grow 1.7% this year. That is below both the finance ministry's revised forecast of 2.2% growth in 2025 and last year's actual growth of 2.5%. The cabinet also approved a 10 million baht ($310,000) payment to the families of government officials who died in the July conflict with Cambodia, while those injured will receive up to 1 million baht, government spokesperson Jirayu Huangsap told a briefing. Top stories Swipe. Select. Stay informed. Singapore 'She had a whole life ahead of her': Boyfriend mourns Yishun fatal crash victim Singapore 60 lactation pods to be set up in public spaces by Q1 2026 for breastfeeding mothers Singapore Beauty industry consumers hit by 464% rise in prepayment losses in first half of 2025 Singapore 13 taken to hospital after accident involving SBS buses, car in Tampines Singapore Singapore-made bot matchmakes strangers virtually – without profile photos Life Urinary issues: Enlarged prostate affects half of men in their 50s and up Singapore Elderly man charged after he allegedly molested, performed sex act on 'vulnerable' man Families of Thai civilians who died during the conflict will each receive a payment of 8 million baht, he said, while the injured would receive up to 800,000 baht. REUTERS
