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Finance minister holds closed-door meeting with central bank governor

13 Sept 10:48 Key points summarised by AI

Finance Minister Pichai Chunhavajira and Bank of Thailand Governor Sethaput Suthiwartnarueput held a closed-door meeting to address their policy differences.
The Finance Ministry advocates for economic stimulus, urging interest rate cuts and proceeding with the 500 billion baht 'digital wallet' scheme.
The central bank resists rate cuts and proposed a scaled-down 'digital wallet' project, targeting 15 million financially vulnerable people instead of 50 million, to reduce costs.
Despite the central bank's proposal to modify the scheme, the government has rejected the suggestion, maintaining its original plan.

Today 09:24 Key points summarised by AI

Thailand secured a US$200 million loan from the World Bank to significantly invest in clean energy and low-carbon urban development initiatives.
The program aims to drive clean energy funding and low-carbon growth, ensuring a just transition for small and medium-sized enterprises, workers, farmers, and local communities.
Channelled through the Export-Import Bank of Thailand, the loan will fund energy efficiency upgrades in public buildings and industrial areas, including rooftop solar installations and electrical system modernizations, reducing initial capital burdens via Energy Service Companies (ESCOs).