Cautious visitors: A file picture showing Chinese tourists arriving at the Suvarnabhumi Airport. Chinese visitors, Thailand’s biggest source of tourists, made up about 28% of total foreign arrivals and spending last year. — Reuters
BANGKOK: Thailand’s government expects public investment spending of more than 400 billion baht (US$12.77bil) in the second quarter to help the flagging economy weather the impact of the coronavirus outbreak, the finance minister said.
Even before the epidemic that originated in China, the trade-reliant economy has been under pressure, buffeted by the Sino-US trade war, sluggish investment, a delayed fiscal budget and drought.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
