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Phase 3 of digital wallet scheme set for launch despite questionable benefits

14 Sept 11:33 Key points summarised by AI

The Thai government is proceeding with the third phase of its controversial digital wallet scheme, targeting individuals aged 16-20 with 10,000 baht in digital currency via the "Thang Rath" app.
Unlike previous phases that offered cash handouts, these digital funds are restricted to purchasing goods within specific districts, aiming to boost consumption and familiarize youth with digital technology.
Critics and economists question the scheme's long-term economic efficacy, citing high fiscal costs for minimal GDP growth in past phases and arguing for sustainable investments over short-term stimulus, with some suggesting political motivations behind targeting younger demographics.

Today 14:58 Key points summarised by AI

Thailand's government will launch the "Chainat-Pasak-Gulf" water diversion canal project in fiscal year 2027, a seven-year mega-infrastructure initiative.
This permanent structural solution aims to mitigate recurrent central plains flooding by diverting water from the Chao Phraya River directly into the Gulf of Thailand, significantly reducing flow to major cities like Ayutthaya and Bangkok.
Prime Minister Anutin Charnvirakul justifies the long-term investment as a means to reduce future damages and fiscal burdens, contrasting it with the 40-50 billion baht spent annually on short-term flood relief.
Concurrently, the Prime Minister instructed officials to expand drainage capacity into the Tha Chin River and swiftly remove water hyacinths to improve immediate flood management.