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  1. #1
    Mid
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    Thailand : Huge economic-stimulus package to be unveiled today

    Huge economic-stimulus package to be unveiled today
    By Wichit Chaitrong
    July 15, 2008

    The government will today unveil an economic-stimulus package worth Bt30 billion to Bt40 billion and plans to inject more money into the economy to help those hardest hit by rising energy costs, especially low-income groups.

    The government will today unveil an economic-stimulus package worth Bt30 billion to Bt40 billion and plans to inject more money into the economy to help those hardest hit by rising energy costs, especially low-income groups.

    Finance Minister Surapong Suebwonglee said the Cabinet was expected to approve a package of measures proposed by the Finance, Energy and Transport ministries. High on the list is a Finance Ministry proposal to cut excise tax on E85 gasohol from Bt2.5795 a litre to 50 satang.

    The Cabinet will also be asked to approve government coupons for the poor, in order to help reduce the cost of living for those worst affected by rising prices. Families with a monthly income of Bt6,000 or less will be given coupons to buy basic necessities at subsidised prices or obtain free public services.

    The National Economic and Social Development Board will identify those qualified to receive the coupons.

    Overall, these and other undisclosed measures are worth an estimated Bt30 billion to Bt40 billion, said Government House sources.

    The government will also consider increasing the budget deficit in fiscal 2009 beyond the currently planned 2.4 per cent of gross domestic product if the economic slowdown worsens.

    The fiscal-2009 budget, which is now before Parliament, provides for expenditure of Bt1.835 trillion, while revenue is expected to be Bt1.585 trillion. However, the budget's mid-year spending could be increased by running a larger fiscal deficit in fiscal 2009, which begins this coming October 1.

    Surapong said liquidity could start to tighten in the second half of the year as US and other foreign investors abandon the local bourse because of the deepening consequences of the US sub-prime mortgage crisis.

    On mega-infrastructure projects, implementation of which has failed to advance, Surapong said the govern-ment would begin construction this year on at least one mass-transit line: the Purple Line linking Bang Sue and Bang Yai.

    Government House sources said additional measures to help the poor would include free tap water for households consuming less than 50 units a month and free electricity for households using less than 150 units a month.

    As well, the Interior Ministry will provide 700 public buses in Bangkok that will give free rides to passengers presenting government coupons.

    nationmultimedia.com

  2. #2
    disturbance in the Turnip baldrick's Avatar
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    relocating many government offices to Cheang Wattana road - and maybe even parliment house - mass transit plans ? fcuking stupid cnuts

  3. #3
    Mid
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    Six relief measures for the people
    Tue, July 15, 2008

    The government on Tuesday unveiled six measures to help citizens fight with economic woes. Embattled Prime Minister Samak Sundaravej chaired the press conference to showcase the relief package.

    The six measures will remain in effect for six months until the government can inject money into the economy via mega projects, Samak said.

    The measures are;

    1. Reduction of excise charges for gasohol. This will lead to a price difference of around Bt8 per liter between premium petrol and gasohol. The diesel price will be down by about Bt2.71 per liter. The new excise will take effect on July 25.

    2. Suspend price adjustment for cook gas.

    3. Reduction of water charges. The government will completely shoulder the water costs for household users with the consumption rate of less than eight cubic liters per month.

    4. Reduction of electricity charges. The government will completely shoulder the electricity for household users with the consumption rate of less than 80 units per month. For those using 81-to-150 units per month, the government will help paying half of the charges.

    5. Commuters of non-airconditioned buses in Bangkok will avail themselves to free services. Of 1,600 buses, half will offer free rides for commuters although the government will pay for the fares.

    6. All third-class train services in every route nationwide will not charge to passengers because the government will pay the fares on their behalf.

    nationmultimedia.com

  4. #4
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    wow!
    Now I can rough it for free
    Someone has to pay for this in the long run?

  5. #5
    ding ding ding
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    Ok, offering folks a bit of help is good for 6 months but the way things are going, in 6 months time the world economy will probably be worse than it is now. Very good chance of war in Iran an will oil be cheaper than it is today?
    All this talk of stimulating the economy with mega projects, pah! Those just grease the palms of key construction company owners forced with Burmese labour.
    Perhaps the answer is to raise the salary of those guys earning less than 6000 baht per month but that would mean greedy people have to become less greedy so that will never happen.

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    Thats great but the part that is missing from my understanding is you still hav to qaulify as a low income household . So lets see if live in Bangkok you can get to work for free maybe. If you travel in third class train hey it's freebie but how often do thais actually use a traint og o anywhere.

    we make gasoil cheaper great if the the older bikes and cars in the country could use the stuff. yep another great help. Oh ya by the way the cooking gas you use everyday is going to cost more. Yep this shoud do the trick.

    It rates up there with buying fuel from Russia that needs to be refined again to be usable here You save 8 baht for a liter build a new refiner costing billion of baht and you haven't even factored in tranporting the fuel yet. Oh ya that will end up being cheaper.

    You know sometime I wonder about the decesions here, but this one I'm not wondering about at all. Reminds me of the worlds largest bill board in Bangkok when Bush was here. The slums were still there, But were really not the because the bill board hid them Right!

  7. #7
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    It is a good sound bite for a floundering govt?

  8. #8
    Have you got any cheese Thetyim's Avatar
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    Quote Originally Posted by Mid
    High on the list is a Finance Ministry proposal to cut excise tax on E85 gasohol from Bt2.5795 a litre to 50 satang.
    If I am informed correctly (please correct me if I am wrong) then only Volvo make E85 compatible cars at the moment.
    So this high priority measure will only benefit punters who purchase a 2008 Volvo

  9. #9
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    Quote Originally Posted by good2bhappy View Post
    wow!
    Now I can rough it for free
    Someone has to pay for this in the long run?
    Sure, the taxpayer.

    What a waste of money!

  10. #10
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    Quote Originally Posted by Mid View Post
    3. Reduction of water charges. The government will completely shoulder the water costs for household users with the consumption rate of less than eight cubic liters per month.
    How long is a cubic liter?

  11. #11
    ding ding ding
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    Quote Originally Posted by Mid
    Suspend price adjustment for cook gas.
    Correct me if Im wrong but i heard lots of thais moaning about the way the price of this has shot up already. Suspending it at its current price doesnt really help much as the current price is already killing folks. Just this week a couple of the places i eat raised their prices by 5 baht, as i said before, no big deal for the average farang but thats a 25% increase on one nesscessity in one day. For folks trying to string out 5k over a month this is some serious shit and I really feel for them.

  12. #12
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    water consumption is measured in cubic litres

  13. #13
    ding ding ding
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    Quote Originally Posted by Whiteshiva
    How long is a cubic liter?
    Well spotted

    A cubic liter is 10 cm long by 10ch wide by 10 cm high isnt it? it would weigh 1kg also? have I got that right?

    They mean cubic metres dont they?

  14. #14
    ding ding ding
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    Quote Originally Posted by good2bhappy
    water consumption is measured in cubic litres
    cubic meters, or 1000 litres or liters.

  15. #15
    I am in Jail

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    Quote Originally Posted by Mid
    On mega-infrastructure projects, implementation of which has failed to advance, Surapong said the govern-ment would begin construction this year on at least one mass-transit line: the Purple Line linking Bang Sue and Bang Yai.
    I have been waiting for this project to start since 2004. They better push the "START" button this time. Or the construction industry will be in serious decline.

  16. #16
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    Politicians could always donate half of their salaries to the poor and needy.

    Thaksion Shinawatra could sell Manchester City and donate the money to the people who helped him make it.

  17. #17
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    ^ You have got to be kidding.

  18. #18
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    Quote Originally Posted by Mid View Post
    On mega-infrastructure projects, implementation of which has failed to advance, Surapong said the govern-ment would begin construction this year on at least one mass-transit line: the Purple Line linking Bang Sue and Bang Yai.
    Isn't this the one being paid for by JBIC?

  19. #19
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    Quote Originally Posted by Spin View Post
    Quote Originally Posted by Whiteshiva
    How long is a cubic liter?
    Well spotted

    A cubic liter is 10 cm long by 10ch wide by 10 cm high isnt it? it would weigh 1kg also? have I got that right?

    They mean cubic metres dont they?
    There is no such thing as a cubic liter. Just as there is no cubic gallon, or cubic pint.

    I suspect as you do, that they really meant a cubic meter. I can't imagine there being any household capable of using less than 8 liters a month - no matter how much they fiddle with the meters.....
    Any error in tact, fact or spelling is purely due to transmissional errors...

  20. #20
    Mid
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    Relief measures don't benefit economic system, says academic



    BANGKOK, July 16 (TNA) The government's six new relief measures for the people -- particularly the reduction of excise charges for gasohol (a blend of gasoline and ethanol) and diesel -- will not benefit Thailand's economic system, according to Tienchai Chongpeepien, an energy affairs academic.

    He conceded that low-income earners will gain some benefit from the measures, but said anything could not be gotten for free. "Once the government reduces water and electricity charges, offers free rides on public buses and third-class trains, and cuts excise charges for fuel, it must finally seek tax revenue from other channels to offset the shortfall.

    "Should tax collections be lower than targeted, the government will need to seek loans or issue bonds. That means that public monies will eventually be used to solve the problem," he said.

    Dr. Tienchai said the measure to reduce excise charges for gasohol and diesel had not benefited the poor because most of them do not own vehicles or motorcycles.

    The oil tax cut measure was issued only to please people in the urban areas, middle-income earners, and transport operators.

    Now, it should be monitored whether transport operators would cut fares or transport service fees or not.

    "The oil tax reduction benefits (no sector) but it will cost the government about Bt 40 billion. At the same time, the tax cut goes against the energy-saving campaign," he said.

    Former Energy Minister Piyasawasdi Amaranant said it was useless to comment on the oil tax reduction policy because it had benefited none. (TNA)

    enews.mcot.net

  21. #21
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    I think I will take extensive use of the free bus rides.

  22. #22
    Mid
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    Poll: People satisfied with economic stimulus programme

    (BangkokPost.com) - More than 60 percent of those questioned in a recent poll conducted by Suan Dusit Rajabhat University are satisfied with six government measures to solve economic crisis.

    Of all six measures, respondents throughout the country are most happy with the postponement of the increase in price of LPG gas.

    But those in Bangkok alone are happy with the cut in excise tax for fuel, according to the survey.

    For those with income lower than 10,000 baht, they are most satisfied with the free buses for Bangkok residents and free third-class train travel.

    The government announced six measures early this week to help low-income people, at a cost of 47.4 billion baht. All effective from Aug 1 to Jan 31 except the fuel tax cut, which starts July 25.

    bangkokpost.com

  23. #23
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    Quote Originally Posted by Mid View Post
    5. Commuters of non-airconditioned buses in Bangkok will avail themselves to free services. Of 1,600 buses, half will offer free rides for commuters although the government will pay for the fares.

    6. All third-class train services in every route nationwide will not charge to passengers because the government will pay the fares on their behalf.
    Farangs can ride for free on the buses, but not on the third class trains.

  24. #24
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    Quote Originally Posted by Smeg View Post
    Quote Originally Posted by Mid View Post
    5

    6. All third-class train services in every route nationwide will not charge to passengers because the government will pay the fares on their behalf.
    I can see it now

    1 loco
    11 first class carriages
    1 carriage 50%/50% second and third class seats !

  25. #25
    Days Work Done! Norton's Avatar
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    Quote Originally Posted by Whiteshiva
    There is no such thing as a cubic liter. Just as there is no cubic gallon, or cubic pint.
    Be better to know the length of a cubit. When the economy has sunk below the surface, building a big boat and boarding all Thais two by might be the only hope.

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