Pheu Thai has promised to grant 10,000 baht (RM1,290) in digital currency to everybody above the age of 16 if it returns to power after the May 14 election.
Pheu Thai has promised to grant 10,000 baht in digital currency to everybody above the age of 16 if it returns to power after the May 14 election.
The money will be handed out on condition it is spent on businesses within a 4km radius of each recipient’s registered home address. Srettha Thavisin, one of Pheu Thai’s three PM candidates, said on Friday that about 500 billion baht will be spent on the policy and the budget will come from increased tax revenue, careful budget allocation and cuts to some social welfare benefits.He said that digital currencies are intangible and only exist based on mutual agreement between users and service providers.
“You can see that the digital currency system has already collapsed in some countries, affecting their banks and people.The premier, who is working in a caretaker capacity, pointed out that digital currencies must be backed by real money in the treasury.“UTNP is employing extra caution when it comes to disbursing the budget. We always ensure that it follows relevant laws and regulations,” he added.
The party’s 33 candidates for Bangkok constituencies joined Prayut in the campaign held at Benchakitti Park in Klong Toei district on Friday. The Nation/ANN
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Air pollution in Chiang Mai spikes to hazardous levelsAir pollution in Chiang Mai spikes to hazardous levels FMTNews FMTWorld
Read more »
Chiang Mai folk urged to stay home as smog worsens | The Malaysian InsightSmoke from forest fires, farmers burning crop stubble pollute northern Thai city.
Read more »
MMEA relaunches Op Pagar Laut to curb cross-border crime | The Malaysian InsightEnforcement agency to tighten security at Thai, Indonesian entry points to deter illegal migrants.
Read more »
The Reason K-pop Singer Bada Turned Down Marriage Proposal From Thai Royalty - Hype MYK-pop singer Bada (바다) recently shared a juicy story of the time she received a marriage proposal from a Thai royalty. However, the former S.E.S member turned
Read more »
Blackpink’s Lalisa starts a brand new ‘yadom’ or Thai herbal inhaler trendBANGKOK (The Nation/Asia News Network): Thai K-pop princess Lalisa “Lisa” Manoban recently released photographs of her birthday party. But one image of her hugging a friend stood out – not because her fans were interested in who she was hugging but more for what was in her hand.
Read more »
Work-from-home order issued as Thai city Chiang Mai tops world pollution tableThailand's Chiang Mai was ranked the world's most polluted city on Friday, with authorities urging people to work from home to avoid the hazardous air.
Read more »