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Thailand Unveils $7 Billion Stimulus to Counter Virus Impact

Thailand Unveils $7 Billion Stimulus to Counter Virus Impact
Bloomberg
1/12/2021
Randy Thanthong-Knight and Suttinee Yuvejwattana
(Bloomberg) Thailand unveiled stimulus programs including cash handouts worth 210 billion baht ($7 billion) to support millions of individuals and businesses affected by the country’s biggest wave of coronavirus infections since the pandemic began a year ago.
The government plans to distribute cash to about 30 million people, mostly informal sector workers and farmers, who are hit by curbs on businesses and mobility, according to Danucha Pichayanan, secretary general of the National Economic and Social Development Council. Under the plan, each beneficiary will receive 3,500 baht per month for two months starting as early as February, Finance Minister Arkhom Termpittayapaisith said at a briefing in Bangkok Tuesday. ....

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Thailand Skips Lockdown to Save Economy, But GDP to Take Hit

Thailand Skips Lockdown to Save Economy, But GDP to Take Hit
Bloomberg
1/8/2021
Randy Thanthong-Knight, Anuchit Nguyen and Prim Chuwiruch
(Bloomberg) Thailand’s latest virus outbreak is likely to crimp consumer spending and delay a tourism revival, prompting warnings the economy may undershoot expectations for a rebound this year and next.
Thailand hopes to avoid a full national lockdown to stem a wave of infections that began in mid-December and has spread to more than 50 of 77 provinces. Prime Minister Prayuth Chan-Ocha this week ordered some businesses to close and curbed travel in the worst-hit regions, as opposed to the hard lockdown imposed to quell the initial outbreak last March. ....

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Thailand Skipped Lockdown to Save Economy, But Growth Takes Hit

Thailand Skips Lockdown to Save Economy, But GDP to Take Hit
Bloomberg
1/8/2021
Randy Thanthong-Knight, Anuchit Nguyen and Prim Chuwiruch
(Bloomberg) Thailand’s latest virus outbreak is likely to crimp consumer spending and delay a tourism revival, prompting warnings the economy may undershoot expectations for a rebound this year and next.
Thailand hopes to avoid a full national lockdown to stem a wave of infections that began in mid-December and has spread to more than 50 of 77 provinces. Prime Minister Prayuth Chan-Ocha this week ordered some businesses to close and curbed travel in the worst-hit regions, as opposed to the hard lockdown imposed to quell the initial outbreak last March. ....

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