Thai MPs back US$60bil stimulus to aid economy


Revving up: A tuk-tuk driver near the Grand Palace in Bangkok. Thailand will begin the third leg of a four-stage easing of its lockdown soon to kickstart the economy. — AFP

BANGKOK: Thailand’s Parliament approved a 1.9 trillion baht (US$60bil) stimulus package to counter a recession, but divisions emerged in the ruling coalition over how to monitor the programme.

Lawmakers on Sunday voted in favour of bills authorising one trillion baht of borrowing for government spending and 900 billion baht of steps by the Bank of Thailand.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


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!

Thai , MPs , back , stimulus , economy , monitoring , programme ,

   

Next In Business News

Malaysia's economy likely grew 3.9% y-o-y in Q1 - advance estimate
Oil prices surge 3% on reports of Israeli strikes on Iran
US bonds rally on reports of Middle East missile strike
Fed policymakers agree: there's no urgency to cut rates
Ringgit opens easier against US$ as Fed turns hawkish
Main Market-bound Keyfield to gain from AWB market upcycle
FBM KLCI continues rebound after two days of recovery
Trading ideas: RHB, Axiata, Yinson, Affin, Kimlun, AWC, Pansar, DC Healthcare, AwanBiru, Systech, Auro, Bursa Malaysia, HeiTech Padu, AmFirst REIT and Sin-Kung Logistics
Farhash no more HeiTech’s substantial shareholder
Trading suspension for Awanbiru

Others Also Read