Sign up | Log in



Home  >>   Daily News  >>Thailand>>Economy>>Thailand plans 35b baht boost to rural economy
NEW UPDATES Asean Affairs  28 January  2016  

 Thailand plans 35b baht boost to rural economy

THAILAND will consider a stimulus programme worth up to 35 billion baht (US$972.49 million) to boost the rural economy, a deputy prime minister said yesterday, as the ruling junta tries to revive flagging growth.

The army seized power in May 2014 to end months of political unrest but has been unable to move Southeast Asia’s economy forward as pivotal exports and domestic demand remain sluggish.

The latest stimulus follows a raft of already approved economic measures, including some 136 billion baht of spending approved in September to inject cash into rural areas.

“We will propose a programme to develop and strengthen the grassroots economy,” Deputy Prime Ministry Somkid Jatusripitak, in charge of economic matters, told a seminar.

“It will be in the cabinet tomorrow. Each village will receive up to 500,000 baht, to around 70,000 villages, or worth about 35 billion baht.”

Thailand’s cabinet meets weekly on Tuesday.

The rural economy has been hit hard by drought and low farm prices, exacerbated by the junta’s withdrawal of the generous subsidies of the government it toppled.

In September, Somkid told Reuters that boosting rural incomes was an urgent priority.

Somkid said he also expected about 100 billion baht from infrastructure projects to go into the economy this year. He did not elaborate.

Thailand expects some 20 infrastructure projects worth nearly 1.8 trillion baht covering rail, roads, air transport and ports throughout the country to be under way before 2018 .

But many of those projects have been on the drawing board for years and have been repeatedly delayed.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories                           January 28 , 2016 Subsribe Now !
• Brunei CPI down 0.4% in 2015  Subcribe: Asean Affairs Global Magazine
• BNI to offer Rp 11.5 trillion in micro loans
• Thailand plans 35b baht boost to rural economy
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• RI’s GDP to bounce back this year, says Standard Chartered 
VN trade with nearly 30 nations hit $147b in 2015
Asean Analysis                   January 25, 2016
• Asean Analysis January 25, 2016
For China, a Race to Retain Appeal in Southeast Asia
Advertise Your Brand

Asean Stock Watch January 26, 2016
• Asean Stock Watch-January 26, 2016
The Biweekly Update
• The Biweekly Update January 25, 2016

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2017 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand