One million suppliers global registering to attend, says deputy PM
PUBLISHED: 23 Jul 2024 at 20: 31
More information of the government’s premier digital money flyer, which more than one million retailers and distributors are registering to attend, will be revealed on Wednesday by Prime Minister Srettha Thavisin, according to the president’s statement on Tuesday.
Most of the information, according to Deputy Prime Minister Phumtham Wechayachai, involve what ready consumers will have to do in order to receive and use the electronic currency.
In a week or so, he predicted, more information may be forthcoming. Buyers agreeing to attend include more than 500, 000 shops under the Thai Retailers Association, 150, 000 government-certified Blue Flag low-cost shops and meal stalls, and around 500, 000 street food vendors, said Mr Phumtham, who is also the business secretary.
Before the money’s distribution officially begins in October, both the sellers and the eligible recipients may have finished registration.
Mr. Phumtham responded to a query about whether the money could be used at 7-Elevens by stating that he understood that the ring of convenience stores, which has about 15, 000 trees global, may be permitted to participate in the system.
The modern budget project, estimated to cost up to 500 billion ringgit, is the premier stimulus plan of the Pheu Thai-led partnership. Its launch has already been delayed by two issues related to how it will be funded. Additionally, two former central bank governors and two economists have criticized the plan as being financially irresponsible.  ,
The membership period for people to receive the 10, 000-baht handbook will start on August 1 and ending 45 days after, according to the most recent data released by Mr. Srettha and the Ministry of Finance.
People who qualify must be of Thai nationality, be at least 16 years old as of September 30, 2024, or have been born before October 1, 2008.
According to their 2023 tax year filing records, the total amount of money in their bank accounts must not exceed 500, 000 baht, and their annual income must be less than 840, 000 baht.
According to Mr. Phumtham and the ministry, the process will begin on October 1 and will last for six months.
Although the list of uses for the money can and cannot be used for is still being refined, officials are still putting it into perspective in the district where recipients are registered.
Mr. Phumtham released an updated list of the 18 goods and services that were not included in the handout on Monday. They include government lotteries, alcoholic beverages, tobacco, jewellery, electrical appliances, electronic devices, communication devices and petrol.