Thailand to delay launch of massive handout scheme beyond May


FILE PHOTO: Srettha Thavisin, Prime Minister of Thailand, speaks at the Asia-Pacific Economic Cooperation (APEC) CEO Summit in San Francisco, California, U.S., November 15, 2023. REUTERS/Carlos Barria/File Photo

BANGKOK (Reuters) -Thailand is set to delay the launch of a controversial $14.3-billion "digital wallet" handout scheme until after May, in a setback for Prime Minister Srettha Thavisin, who has been touting the policy as essential in boosting a sluggish economy.

"Today, looking at the timeframe, it's unlikely for May," Deputy Finance Minister Julapun Amornvivat said on Wednesday, without specifying a new timeline.

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