A woman wearing a protective face mask waits for customers in Bangkok. (Photo: Reuters) Hanoi (VNA) – Thailand’s relevant agencies, including the finance ministry and central, bank are working to revise a new stimulus package in order to reduce the impact of the COVID-19 pandemic worth more than 500 billion baht (15.3 billion USD). The country already introduced two packages, the first to inject 400 billion baht into the economy and the second, worth 117 billion baht, to include cash handouts. Finance Minister Uttama Savanayana told a press conference on March 30 that he could not tell the size yet as the relevant agencies are working on it. According to the minister, Thailand has no plans to borrow from the International Monetary Fund (IMF) as its fiscal position is strong and it is able to tap other funding sources, including the fiscal budget. Thailand’s central bank expects the economy to contract 5.3 percent this year, which will mark the first shrinkage since the global financial crisis in 2009./. VNA
- BUSINESS NEWS HEADLINES MAY 13
- Coronavirus live updates: Cal State virtual switch — sprawling system moves online
- Coronavirus news from the Bay Area: May 11-12
Thailand maps out third stimulus package have 205 words, post on en.vietnamplus.vn at March 31, 2020. This is cached page on Talk Vietnam. If you want remove this page, please contact us.