The Cabinet on Jan. 20 has approved the “We Win (Rao Chana)” scheme with a budget of 210 billion baht to remedy financially-affected people by the ongoing Covid-19 outbreak, as well as reduce the economic burden.
The new cash handouts will cover about 31.1 million Thais who are 18 years old and above, and work in the informal sector including freelancers, each of qualified recipients will receive a 3,500 baht/month subsidy for two consecutive months.
Government will transfer 1,000 baht/week to the electronic wallet “Pao Tang” in the total amount of 7,000 baht. However, the recipients can spend the money only at the registered retail stores.
Rao Chana scheme aimed to reduce the economic burden of the people and entrepreneurs who are affected by the pandemic, as well as helping the country’s economy move forward, and boosting the domestic money supply.
The relief measures benefit not only individuals and small retailers, but also publicly listed companies in Thai exchange market, otherwise it is an indirect benefit. Analysts assessed, with country’s overall economic recovery expectation, that the retailers and food-beverage manufacturers are those who will be benefited indirectly, particularly the following companies:
Berli Jucker Public Company Limited (BJC), Siam Makro Public Company Limited (MAKRO), Charoen Pokphand Foods Public Company Limited (CPF), R&B Food Supply Public Company Limited (RBF), Carabao Group Public Company Limited (CBG), Thai Vegetable Oil Public Company Limited (TVO), Osotspa Public Company Limited (OSP) and Thai Union Group Public Company Limited (TU).