The Ministry of Finance is set to roll out a 10,000 baht digital wallet handout later this month, focusing on state welfare cardholders and individuals with disabilities. Finance Minister Pichai Chunhavajira announced on September 9 that approximately 14.5 million people, including 13.5 million welfare cardholders and 2.2 million people with disabilities, will begin receiving these payments after September 20.
Minister Pichai highlighted several factors contributing to a recent inflow of about 100 billion baht into the Stock Exchange of Thailand (SET). He cited increased investor confidence, recent government policy announcements, and adjustments in regulations related to short selling. Additionally, the forthcoming launch of the Vayupak Fund 1, which is scheduled to be listed on the SET on October 1, is expected to further stimulate market activity.
He also noted the impact of declining interest rates, which have drawn more capital into the Thai stock market. Pichai emphasized the importance of implementing policies to maintain investor confidence and sustain the positive market trajectory.
It was reported that the Finance Ministry is also exploring tax reforms aimed at reducing the income gap. These reforms include the introduction of a negative income tax, as well as potential revisions to personal and corporate tax rates, in a bid to enhance Thailand’s competitiveness. Further details of these reforms are yet to be released, but the move signals the government’s broader strategy to address economic challenges
