People wearing face masks sit on chairs as they queue to file complaints for not yet receiving the 5,000 Thai baht (150 USD) financial assistance for those whose income is impacted by the COVID-19 coronavirus outbreak, in front of the Public Relations Department in Bangkok on May 7, 2020. (Photo by Lillian SUWANRUMPHA / AFP)

Will COVID-19 give birth to a welfare state in Thailand?

Thailand’s economy has been hit hard by the COVID-19 fallout, with numerous layoffs, working hours cut and people’s income plunging. The government has implemented a raft of relief packages to…

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Fiscal Policy Office cuts policy rate to 1.25% to boost declining economy

The Fiscal Policy Office of the Bank of Thailand voted 5:2 on Tuesday to slash the benchmark policy rate by 25 points to 1.25% with immediate effect in a bid…

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‘Tailor made’ welfare system may replace ‘one size fits all’

Thailand’s Finance Ministry is considering an overhaul of the current ‘one size fits all’ state welfare system, replacing it with a more tailor made version which is more efficient in…

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