ZAWYA (18.10.2021) Thailand's cabinet on Tuesday approved a further 92 billion baht ($2.76 billion) of relief measures to help boost its flagging economy as the Southeast Asian country deals with its biggest and most prolonged coronavirus outbreak. Thailand earlier this year approved a further 500 billion baht borrowing plan to mitigate the impact of the epidemic. Of the approved support, the government will offer 42 billion baht of cash transfers under an existing co-payment scheme between November and December, spokesman Thanakorn Wangboonkongchana told a news conference.
The Social Security Fund (SSF) regulation reduces the rate of mandatory Social Security Fund contributions under section 33 of the SSA effective from January 1, 2021 to March 31, 2021. Contribution rates are calculated as a percentage of each employees’ monthly wages, based on a minimum monthly wage of THB 1,650 and a maximum monthly wage of THB 15,000. Based on the minimum and maximum wages allowed for calculation, the contributions would range from THB 49.5 to THB 450 per month for both the employer and the employees.
This regulation is similar to a previous regulation from April, 2020, during the first wave of the pandemic, stating that the definition of force majeure under the Social Security Act B.E. 2533 (1990) (the SSA) includes hazards from pandemics of dangerous communicable diseases (including COVID-19).
Samui Times (17.06.2020) Thailand’s state welfare card holders have been approved to get three handouts of 1,000 THB each as long as they have not fallen under other governmental financial aid campaigns surrounding the efforts to help those affected by the Covid-19 pandemic. it will be paid in three monthly installments which have been backdated from May.