FPO Director Lavaron Sangsnit (Photo: prd) Bangkok (NNT/VNA) - The third phase of the Thai government’s Chim,Shop, Chai (Taste, Shop, Use) economic stimulus campaign is considered asuccess, with spending via the g-Wallet 2 reaching 13 billion baht.
The Director of the Fiscal Policy Office (FPO), Lavaron Sangsnit, as theSpokesman for the Ministry of Finance, said that 11,794,825 participants in thethree phases enjoyed the privileges between September 27 and December 17 thisyear. Total spending via both the g-Wallet 1 and 2 balances amounted to 24.78billion baht, of which 11.63 billion baht was from the 1,000-baht cash handoutinto the g-Wallet 1 balance. Participants also spent their own money, totaling13.15 billion baht, in the g-Wallet 2 balance. The campaign was successful inincreasing the circulation of money in the economy.
Thanks to the overwhelming response from the public, Krungthai Bank (KTB) hasextended its campaign to stimulate spending.
Participants in the three phases are now eligible for privileges until January31, 2020. They are eligible for a 20 percent cash rebate on 50,000 baht spent,with up to 8,500 baht available as cashback. For every 1,000 baht spent, therecipients have a chance to win more than 500 prizes totalling 12 million bahtin value. For those with accumulated spending via their g-Wallet 2 balancethroughout the three phases, have a chance to win grand prizes, such as carsand pickup trucks.
Registered vendors with receipts of 100 baht or higher can participate in thislucky draw. The prizes will be drawn on six occasions, starting on December 20.
Since December 14, the Comptroller General’s Department has transferred 384million baht to 153,579 participants in the cashback scheme. The department isstill verifying the qualifications of those who have yet to receive theircashback rewards./.
The Director of the Fiscal Policy Office (FPO), Lavaron Sangsnit, as theSpokesman for the Ministry of Finance, said that 11,794,825 participants in thethree phases enjoyed the privileges between September 27 and December 17 thisyear. Total spending via both the g-Wallet 1 and 2 balances amounted to 24.78billion baht, of which 11.63 billion baht was from the 1,000-baht cash handoutinto the g-Wallet 1 balance. Participants also spent their own money, totaling13.15 billion baht, in the g-Wallet 2 balance. The campaign was successful inincreasing the circulation of money in the economy.
Thanks to the overwhelming response from the public, Krungthai Bank (KTB) hasextended its campaign to stimulate spending.
Participants in the three phases are now eligible for privileges until January31, 2020. They are eligible for a 20 percent cash rebate on 50,000 baht spent,with up to 8,500 baht available as cashback. For every 1,000 baht spent, therecipients have a chance to win more than 500 prizes totalling 12 million bahtin value. For those with accumulated spending via their g-Wallet 2 balancethroughout the three phases, have a chance to win grand prizes, such as carsand pickup trucks.
Registered vendors with receipts of 100 baht or higher can participate in thislucky draw. The prizes will be drawn on six occasions, starting on December 20.
Since December 14, the Comptroller General’s Department has transferred 384million baht to 153,579 participants in the cashback scheme. The department isstill verifying the qualifications of those who have yet to receive theircashback rewards./.
VNA
