Thailand passes record stimulus package to combat COVID-19 impact
Thailand’s parliament approved on Sunday (May 31) a near-US$60 billion stimulus package, the kingdom’s biggest-ever cash injection, to revive an economy that has been hammered by the coronavirus.
The 1.9 trillion baht (US$59.7 billion) package would be a much-needed boost for Southeast Asia’s second-biggest economy, expected to contract by 6 to 7 per cent in 2020.
