Thailand Approves $4.5 Billion in Stimulus That Includes Cash Handouts
- Measures include cash handouts, rebates to boost consumption
- Central bank now expects longer slog back to pre-Covid levels
Motorcylists ride past pedestrians in Bangkok, Thailand.
Photographer: Luke Duggleby/BloombergThis article is for subscribers only.
Thailand’s government approved a set of economic stimulus measures worth 140 billion baht ($4.5 billion) to counter the impact from the nation’s biggest coronavirus outbreak yet.
The measures -- which include cash handouts to welfare-card holders and special groups, co-payments and cash rebates -- are expected to be implemented from July, Anucha Burapachaisri, a government spokesman, said Tuesday.