FILE PHOTO: A woman wearing a protective face mask waits for customers in a mobile shop inside a shopping mall, after the Thai government eased isolation measures, amid the coronavirus disease (COVID-19) outbreak, in Bangkok, Thailand May 29, 2020. REUTERS/Jorge Silva
BANGKOK (Reuters) – Thailand’s parliament passed a 1.9 trillion baht ($58 billion) economic support package on Sunday to ease the impact of the coronavirus.
The legislation, comprising three bills, include a government plan to borrow 1 trillion baht and central bank measures worth another 900 billion baht in soft loans and support for corporate bonds.
Of the 1 trillion baht of borrowing, 600 billion baht will be for public heath works and relief measures, and the rest for rebuilding the economy and job creation.
The bills must next be approved by the upper house Senate, which is expected to convene in early June, before they can become law.
The latest steps follow billions of dollars of stimulus measures…
Source news reuters.com, click here to read the full news.
