Thai Cabinet approves US$4.4bil cash handout to spur economy


BANGKOK: Thailand’s cabinet approved a cash handout plan totaling 145.6 billion baht (US$4.4 billion) that will benefit millions of poor and help stimulate South-East Asia’s second-largest economy.

The government will start transferring 10,000 baht each to an estimated 14.6 million beneficiaries from Sept 25, Finance Minister Pichai Chunhavajira told a briefing after a cabinet meeting in Bangkok on Tuesday (Sept 17). The beneficiaries include 12.4 million state welfare cardholders and 2.15 million people with disabilities, he said.

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