BANGKOK, Thailand – The Thai government has expanded compensation for flood victims, approving 2 million baht per deceased individual across nine southern provinces, while introducing measures to boost national savings and long-term financial security.
Prime Minister Anutin Charnvirakul assigned Deputy Prime Minister and Finance Minister Ekniti Nitithanprapas to chair the 7/2025 Economic Policy Committee meeting at Government House, attended by cabinet members and permanent secretaries. The Prime Minister noted that the emergency decree in Songkhla had been lifted last Friday, signaling a transition from disaster response to recovery.
Over the weekend, the Prime Minister visited Songkhla and Satun to oversee rehabilitation efforts and hear directly from affected communities. He instructed the Ministry of Interior to revise compensation criteria, ensuring full coverage for flood-related fatalities across all nine provinces. The proposal will be submitted to the Cabinet for final approval.
The Economic Cabinet also reported progress under the government’s “Quick Big Win” program, which has improved confidence indicators nationwide. The Regional Economic Confidence Index rose from 65.9 in September to 71.1 in October, the Consumer Confidence Index climbed from 50.7 to 53.2 in November, and the SMEs Confidence Index increased from 48.0 to 53.2 over the same period.
As part of efforts to strengthen household financial security, the Cabinet approved the Tax Incentive Saving Account (TISA), giving individuals the flexibility to save or invest in stocks, bonds, and low-risk assets while enjoying tax deductions. The initiative replaces previous systems limited to RMF and LTF products, aiming to reduce market distortions and tax inequality. (TNA)
