Vietnamplus

The economic cabinet of Thailand remains optimistic that the country’s economic growth will exceed 3 percent this year despite the sluggish global outlook.

The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) has come up with proposals in six main areas as a framework for stimulating the economy together with the government.

The Thai Government is planning an economic stimulus package worth some 10 billion USD to support the second largest Southeast Asian economy that is recording growth slowdown.

The Thai government has freshly launched an economic stimulus package worth 21.8 billion THB (680 million USD) to deal with signs of an economic slowdown and spur domestic consumption to offset weaker exports.

The Government of Thailand is mulling over a new economic stimulus plan, which is expected to revitalise the underperforming economy.

Thailand’s economy grew faster in the third quarter of 2015 than previous forecasts thanks to the government’s economic stimulus package and higher-than-expected number of inbound tourists.

The Indonesian government on October 7 announced its third economic stimulus package in an effort to attract investment and reverse the economic decline.

Indonesia, the largest economy in Southeast Asia, announced a large economic stimulus package on September 9 to revive the slowing economy.