Bangkok: The Prime Minister has advised waiting before proceeding with the digital money phase 3, as a final decision on adhering to the original schedule remains pending. Highlighting unexpected factors and US tax implications, the Prime Minister emphasized the importance of gathering input from all relevant agencies. Negotiations with the United States are being conducted secretly, with the aim of maximizing benefits for Thailand within a 90-day time frame.
According to Thai News Agency, Prime Minister Ms. Paethongtarn Shinawatra addressed the media following a cabinet meeting, confirming that the digital wallet project phase 3 had not been discussed in the meeting. She stated that opinions from several agencies, including the National Economic and Social Development Board and the Bank of Thailand, are yet to be fully considered. The project aims to stimulate the economy, and given the changing global economic conditions, the government must carefully evaluate which factors will best achieve this goal.
Regarding rumors of potentially reallocating the budget from digital projects phase 3 to address US tax measures, the Prime Minister clarified that no decision to cancel the project has been made. The government is committed to consulting all agencies to determine the necessity and potential benefits of continuing with the project. Listening to expert opinions is crucial to ensuring the economic goals are met effectively.
The Prime Minister reiterated that there are no current changes to the continuation of the digital wallet project phases 3 and 4, emphasizing the focus on gathering opinions. The decision to delay or adhere to the original schedule for phase 3 remains undetermined, pending comprehensive input from all stakeholders affected by intervening factors such as US tax measures.
Addressing concerns about the potential impact of not proceeding with the digital wallet project, the Prime Minister noted the need for adaptability in light of global unforeseen factors. The government is committed to providing explanations should any changes occur.
Regarding secret negotiations with the United States, the Prime Minister assured that the discussions are progressing within a 90-day framework. Deputy Prime Minister and Minister of Finance, Mr. Pichai Chunhavajira, is actively managing the process and providing updates. While certain details remain confidential, the government intends to disclose relevant information when it benefits the country most.
The Prime Minister also mentioned ongoing discussions with the US, aiming for exemptions for Thailand. The US has provided a 90-day timeframe for these negotiations, and both countries are monitoring the evolving situation to adjust their strategies accordingly.