Thailand unveils additional 4.5-billion-USD stimulus package
The Thai Government on June 1 approved a new economic stimulus package worth 140 billion baht (4.5 billion USD) to mitigate the economic impact of the COVID-19 pandemic.
Thailand's economy is facing strong headwinds from the country's latest COVID-19 outbreak (Photo: AFP) The country has been struggling to deal with its latest outbreak of coronavirus since April, which led to a significant spike in infections and deaths, stricter social distancing restrictions and a strong economic contraction.
Finance Ministry spokeswoman Kulaya Tantitemit said that the stimulus measures are designed to provide relief to people hit hard by the pandemic and drive domestic consumption.
The measures, scheduled to be implemented between July and December this year, consist of cash handouts, co-payments and e-vouchers.
Some 93 billion baht of co-payments are planned to support up to 31 million people, whereas 16.4 billion baht and 3 billion baht are designated as cash handouts to citizens under welfare support and to disabled people respectively.
In addition, another 28 billion baht will be distributed in form of e-vouchers to middle- and high-income groups.
Thailand's COVID-19 tally now stands at 162,022 cases, with more than 130,000 confirmed since April./.
You should also see
PM urges stronger cooperation between Vietnamese, Chinese Ministries of Justice
Prime Minister Pham Minh Chinh has requested the Ministries of Justice of Vietnam and China to foster cooperation and mutual support, making them to be on a par with the height of the bilateral relations.
See more
World
Thailand gives financial support to Laos for road maintenance
The Thai cabinet has approved 1.8 billion THB (about 48.8 million USD) in financial assistance for the Lao Government to maintain and improve Highway R12, shortening the travel time from Thailand’s Nakhon Phanom province, through Laos, to the Vietnamese border in central Quang Binh province.
World
Indonesia develops sustainable tourism
Indonesia has been working to realise its goal of building a quality, sustainable and environmentally friendly tourism industry.
World
Vietnam to have many opportunities from digitalisation, green transformation: IMF
The International Monetary Fund (IMF) has forecasted that Vietnam will have many opportunities from digitalisation and green transformation, according to IMF Asia and Pacific Department Director Krishna Srinivasan.
World
Thailand’s EV sales forecast to miss target
Electric vehicle (EV) sales in Thailand may fail to reach the estimate of 130,000 units this year as prices are likely to keep changing, according to Hyundai Mobility Thailand.
World
Thailand, EU hope to sign FTA in mid-2025
Before the Songkran holiday, senior officials from Thailand and the European Union (EU) met in Bangkok to discuss ways to promote their relationship, including the framework of the Free Trade Agreement (FTA), green transformation, and Schengen visa waiver, Thai media has reported.
