Thailand announces $58 billion economic measures to mitigate coronavirus impact

FAN Editor
FILE PHOTO: The spread of the coronavirus disease (COVID-19) in Bangkok
FILE PHOTO: A woman wearing a protective mask looks at her phone as she walks on a street, as Thailand imposes a nationwide night curfew from Friday April 3, to try to curb the spread of the coronavirus disease (COVID-19) in Bangkok, Thailand, April 4, 2020. REUTERS/Soe Zeya Tun/File Photo

April 7, 2020

BANGKOK (Reuters) – Thailand’s cabinet approved on Tuesday a package of economic measures worth 1.9 trillion baht ($58 billion) to alleviate the impact of the coronavirus outbreak on Southeast Asia’s second-largest economy, the finance minister said.

The package includes a law to borrow 1 trillion baht plus central bank measures worth another 900 billion baht in soft loans and support for corporate bonds, Uttama Savanayana told a news conference.

Thailand has confirmed 2,258 cases and 27 deaths since the outbreak began in January.

(Reporting by Orathai Sriring, Kitiphong Thaichareon and Satawasin Staporncharnchai; editing by John Stonestreet)

Free America Network Articles

Leave a Reply

Next Post

Dow futures point to 600 point opening gain following Monday's sharp rebound

Stock futures pointed to a Tuesday opening jump in early morning trade, building on a steep rebound in the previous session. At around 4 a.m. ET, futures for the Dow Jones Industrial Average jumped 658 points, pointing to a gain of more than 588 points at Tuesday’s open. S&P 500 […]

You May Like