Thailand announces $58 billion economic measures to mitigate coronavirus impact
Reuters
Published Apr 07, 2020 04:10AM ET
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.
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Written By: Reuters
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