Financial support for businesses includes soft loans at 2% interest rates, debt moratorium. FMTNews Thailand Tourism Epidemic STIMULUS Coronavirus Covid19
BANGKOK: Thailand on Friday outlined a stimulus package, estimated to be worth more than US$3.2 billion, to mitigate the impact of the coronavirus outbreak on activity in an already-flagging economy.
The package, approved by the economic cabinet, includes cash handouts, soft loans and other financial assistance, and tax benefits, Finance Minister Uttama Savanayana told reporters after a meeting of economic ministers.The value of the package was not given on Friday, but Uttama earlier said it would be worth more than 100 billion baht and would seek approval from the whole cabinet on March 10.
The government will give 2,000 baht each to low-income earners, farmers and independent workers, he said.Measures to help airlines will be considered later, said Kobsak Pootrakool, secretary to the economic cabinet.
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