ID :
45373
Thu, 02/12/2009 - 21:16
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http://m.oananews.org//node/45373
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Thai govt to ask retailers for 10% discount to low-income earners
BANGKOK, Feb 12 (TNA) - Thailand's government will ask major retailers and mall entrepreneurs to offer a 10 per cent discount on goods purchased to low-income earners of less than Bt15,000 (US$428)monthly who receive financial assistance from the government, Deputy Prime Minister Korbsak Sabhavasu said on Thursday.
Talks between government officials and the entrepreneurs will be held soon and the latter will be requested to offer the 10 per cent discount to low-income earners who will each receive a government cheque worth Bt2,000 (US$57) as part of its stimus package, Mr. Korbsak said.
The discount, if approved by retailers and mall entrepreneurs, will also stimulate buying and spending, affecting the overall economy, he said, expressing optimism that there should not be a problem because malls usually organise discount promotional activities on a regular basis.
More than nine million people are entitled to receive the Bt2,000 government assistance and it is expected that cheques could be sent out to low-income earners beginning March 26 and the process would be completed within two weeks, Mr. Korbsak explained.
The expense involved in delivering the cashier's cheques are estimated at Bt40 million, he said.
Concerned government agencies, meanwhile, are now preparing medium- and long-term economic stimulus measures along with government expenditures for the 2010 fiscal year, starting October 1, according to Mr. Korbsak.
Next Tuesday, the Cabinet will consider a budget for Fiscal 2010 which is expected to remain in deficit in order to stimulate the economy. (TNA)
Talks between government officials and the entrepreneurs will be held soon and the latter will be requested to offer the 10 per cent discount to low-income earners who will each receive a government cheque worth Bt2,000 (US$57) as part of its stimus package, Mr. Korbsak said.
The discount, if approved by retailers and mall entrepreneurs, will also stimulate buying and spending, affecting the overall economy, he said, expressing optimism that there should not be a problem because malls usually organise discount promotional activities on a regular basis.
More than nine million people are entitled to receive the Bt2,000 government assistance and it is expected that cheques could be sent out to low-income earners beginning March 26 and the process would be completed within two weeks, Mr. Korbsak explained.
The expense involved in delivering the cashier's cheques are estimated at Bt40 million, he said.
Concerned government agencies, meanwhile, are now preparing medium- and long-term economic stimulus measures along with government expenditures for the 2010 fiscal year, starting October 1, according to Mr. Korbsak.
Next Tuesday, the Cabinet will consider a budget for Fiscal 2010 which is expected to remain in deficit in order to stimulate the economy. (TNA)
