Tag: Cash

Finance ministry proposes cash handouts for those affected by shutdown

The Ministry of Finance is planning to propose cash handouts for those who have become unemployed or been affected by the closure of business venues in Bangkok and other provinces as part of measures to prevent the spread of Covid-19.

Ministry permanent secretary Prasong  Poontaneat said measures would be proposed to the Cabinet meeting on Tuesday (March 24) to help people who are affected by the government’s order to shutdown several business venues.

“Those having social security will be taken care of by the Social Security Office, while those who are not insured under the social security scheme will be taken care of by the Ministry of Finance,” he said. “We are planning to use an emergency budget from fiscal 2020 of around Bt20 billion to provide cash handouts to people affected by the Covid-19 preventive measures.”

Prasong explained that the proposed plan aims to hand out cash

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Money Quotes & Sayings (Finances, Wealth, Budget, Financial, Materialism, Cash, Rich, Poor, etc)

True sterling happiness and joy
Are not with gold allied;
Nor can it yield a pleasure like
A merry fireside…
~J.J. Reynolds, “A World of Love at Home,” in The New Monthly Belle Assemblée, October 1844

Old Philpot: I instill’d good principles into thee.
George Philpot: So you did, Sir— (aside) Principal and interest is all I ever heard from him…
~Arthur Murphy, The Citizen, c.1760

Men who make money rarely saunter; men who save money rarely swagger. ~Edward Bulwer-Lytton

The man of the constitutional régime is not a merry-maker, quite the contrary. He is hypocritical, avaricious, and profoundly selfish; whatever question strikes against his brow, his brow rings like a drawer full of big pennies. ~Claude Tillier (1801–1844), My Uncle Benjamin: A Humorous, Satirical, and Philosophical Novel, 1843, translated from the French by Benjamin R. Tucker, 1890

The safe way to double your money is to … Read More

Dirty money: The case against cash in times of the coronavirus outbreak

On Friday, South Korea’s central bank said it was taking all banknotes out of circulation for two weeks — and burning some — to reduce the spread of the virus, according to Reuters. It follows China’s massive initiative around deep cleaning potentially infected cash with ultraviolet light and high temperatures, and in some cases, destroying it. The treated cash comes from high-risk infection areas, such as hospitals.
Meanwhile, the Louvre museum in Paris this week banned cash amid the outbreak. Its decision to accept only credit card payments was part of an effort to make staffers feel more comfortable about returning to work, according to the Associated Press.
The concerns over cash come as the global number of people infected by the coronavirus nears 100,000, mostly in China. The outbreak may just drive up adoption of mobile payments, a newer technology that has long trailed behind cash in the US,
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